Influence of renewable energy on carbon prices in the USA.

Download

index.pdf

Date

2019

Author

Coşkun, Hilal Esi

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

259
views

72
downloads

In this study, the decrease in carbon prices is explained with increasing incentives to renewable energy sources and with economic growth, energy prices and carbon permits. For this purpose, we analyze the carbon market prices in the US for energy markets. Carbon prices are low in the US compared to other countries. The reason behind the low price can be increasing incentives to renewable energy resources in the USA. To explore the reasons and justifications, we employ econometric methods on real life data from USA. In this context, linear regression, VEC model and panel data analysis are performed according to their applicability and use. As a result, a significant and negative relationship is observed between CO2 prices and renewable portfolio standards and carbon allowances in the US CO2 market. Also, there is a significant and positive relationship between CO2 prices and industrial production. Finally, oil and natural gas prices have a negative effect on CO2 price while coal price has a positive effect on CO2 price.

Subject Keywords

Industries, Industries, US Carbon Prices, Renewable Portfolio Standards (RPS), Regional Greenhouse Gas Initiative (RGGI), VEC (Vector Error Correction Model), Energy Prices, Panel Data, Industrial Production, Carbon Permits, USA.

URI

http://etd.lib.metu.edu.tr/upload/12625029/index.pdf
https://hdl.handle.net/11511/45349

Collections

Graduate School of Applied Mathematics, Thesis

Suggestions

OpenMETU
Core

Optimum daily operation of a wind-hydro hybrid system Ercan, Eray; Kentel Erdoğan, Elçin (2022-06-01) © 2022 Elsevier LtdDue to the negative effects of fossil fuels on the environment and health, energy supply is shifting towards renewables. The integration of renewable energy systems is challenging due to the intermittent nature of renewables, however this can be mitigated through storage. Uncertainty in electricity prices in spot markets further complicates the operation of these systems. Pumped storage hydropower is currently the most viable form of large-scale energy storage, and operation of renewable ...
Overcoming problems in Turkey's renewable energy policy: How can EU contribute? Sirin, Selahattin Murat; Ege, Aylin (2012-09-01) Fossil fuels cover most of the energy demand in the world, and this creates significant social, economic and environmental problems. Many countries have taken measures to increase the share of renewable energy sources (RES), especially in electricity generation, and the review of literature shows that the success of a country in RES diffusion depends on a comprehensive renewable energy policy which combines political commitment with stable and long-term support measures that stimulate technological innovati...
Impact of Urban Street Network on BIPV Generation Capacity of Buildings Duran, Ayca; Akgül, Çağla; Gürsel Dino, İpek (2022-10-11) Climate change necessitates a critical reconsideration of the built environment since buildings are among the top fossil fuel consumers. Solar energy generation through building integrated photovoltaic (BIPV) systems is one of the most common onsite energy generation methods. However, many factors regarding urban morphology can negatively affect BIPV generation. Urban block typologies and spatial patterns are commonly studied descriptive metrics of an urban morphology that affect the solar energy potential....
Improvement in dye sensitized solar cells from past to present Mohiuddin, Obaidullah; Obaidullah, Madina; Sabah, Cumali (Springer Science and Business Media LLC, 2018-10-01) Several emerging renewable technologies are available to satisfy the current energy demand and to minimize the effect of environmental degradation caused by high consumption of fossil fuels. These technologies are not mature enough to solve this problem but require more time for improving the efficiency, and cost reduction to become the economical alternative of fossil fuels. In this paper Dye-sensitized solar cell (DSSC) has been discussed in detail owing to advancement in the technology. Since each compon...
Asymmetric pass-through between oil prices and the stock prices of clean energy firms: New evidence from a nonlinear analysis Kocaarslan, Baris; Soytaş, Uğur (2019-11-01) There is an ongoing debate on how oil prices affect the stock prices of clean energy companies. We contribute to this debate by questioning the possibility of asymmetric linkages between oil prices, interest rates, and the stock prices of clean energy and technology firms. Using a recently developed approach (nonlinear auto-regressive distributed lag (NARDL) model), we document that ignoring the presence of nonlinearities leads to misleading results. The analyses reveal significant asymmetric effects among ...

Citation Formats

H. E. Coşkun, “Influence of renewable energy on carbon prices in the USA.,” Thesis (M.S.) -- Graduate School of Applied Mathematics. Financial Mathematics., Middle East Technical University, 2019.