Who bears the burden of greening electricity?

Faced with the threat of climate change many countries are promoting renewable energies to decarbonize their energy system. A common policy to foster electricity from renewable energy sources are feed-in tariffs which are financed by surcharges on electricity prices. Higher electricity prices in tur...

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Autores: Böhringer, C., García-Muros, X., González-Eguino, Mikel
Tipo de recurso: artículo
Fecha de publicación:2022
País:España
Institución:Universidad del País Vasco
Repositorio:Addi. Archivo Digital para la Docencia y la Investigación
OAI Identifier:oai:addi.ehu.eus:10810/56677
Acceso en línea:http://hdl.handle.net/10810/56677
Access Level:acceso abierto
Palabra clave:Renewable energy subsidies
Feed-in tariffs
Microsimulation
Computable general equilibrium
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spelling Who bears the burden of greening electricity?Böhringer, C.García-Muros, X.González-Eguino, MikelRenewable energy subsidiesFeed-in tariffsMicrosimulationComputable general equilibriumFaced with the threat of climate change many countries are promoting renewable energies to decarbonize their energy system. A common policy to foster electricity from renewable energy sources are feed-in tariffs which are financed by surcharges on electricity prices. Higher electricity prices in turn raise concerns on regressive distributional impacts. In this paper, we investigate the distributional impacts of three alternative policies to subsidize renewable energy production in Spain: (i) exemptions from the electricity surcharge for residential consumers, (ii) an increase in mineral oil taxes, and (iii) an increase in value-added taxes. We find that all three options can attenuate the regressive distributional effects compared to feed-in tariffs. For our quantitative impact assessment, we couple a microsimulation model with a computable general equilibrium model to capture the incidence on heterogeneous households in an economy-wide framework.This research is supported by the Basque Government through the BERC 2018-2021 program and by the Spanish Ministry of Economy and Competitiveness MINECO through BC3 María de Maeztu excellence accreditation MDM-2017-0714. In addition, this study received funding from the Ministry of Science, Innovation and Universities of Spain ( RTI2018-093352-B-I00 ) and from the European UnionEnergy EconomicsEuropean Commission202220222022info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10810/56677reponame:Addi. Archivo Digital para la Docencia y la Investigacióninstname:Universidad del País VascoInglésinfo:eu-repo/grantAgreement/EC/H2020/796650info:eu-repo/grantAgreement/MCIU/RTI2018-093352-B-I00/info:eu-repo/grantAgreement/MINECO/MDM-2017-0714/EUS/BERC/BERC.2018-2021ES/1PE/MDM-2017-0714https://doi.org/10.1016/j.eneco.2021.105705info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/3.0/es/© 2021 The Authors.Atribución-NoComercial-CompartirIgual 3.0 Españaoai:addi.ehu.eus:10810/566772026-06-18T09:23:17Z
dc.title.none.fl_str_mv Who bears the burden of greening electricity?
title Who bears the burden of greening electricity?
spellingShingle Who bears the burden of greening electricity?
Böhringer, C.
Renewable energy subsidies
Feed-in tariffs
Microsimulation
Computable general equilibrium
title_short Who bears the burden of greening electricity?
title_full Who bears the burden of greening electricity?
title_fullStr Who bears the burden of greening electricity?
title_full_unstemmed Who bears the burden of greening electricity?
title_sort Who bears the burden of greening electricity?
dc.creator.none.fl_str_mv Böhringer, C.
García-Muros, X.
González-Eguino, Mikel
author Böhringer, C.
author_facet Böhringer, C.
García-Muros, X.
González-Eguino, Mikel
author_role author
author2 García-Muros, X.
González-Eguino, Mikel
author2_role author
author
dc.contributor.none.fl_str_mv European Commission
dc.subject.none.fl_str_mv Renewable energy subsidies
Feed-in tariffs
Microsimulation
Computable general equilibrium
topic Renewable energy subsidies
Feed-in tariffs
Microsimulation
Computable general equilibrium
description Faced with the threat of climate change many countries are promoting renewable energies to decarbonize their energy system. A common policy to foster electricity from renewable energy sources are feed-in tariffs which are financed by surcharges on electricity prices. Higher electricity prices in turn raise concerns on regressive distributional impacts. In this paper, we investigate the distributional impacts of three alternative policies to subsidize renewable energy production in Spain: (i) exemptions from the electricity surcharge for residential consumers, (ii) an increase in mineral oil taxes, and (iii) an increase in value-added taxes. We find that all three options can attenuate the regressive distributional effects compared to feed-in tariffs. For our quantitative impact assessment, we couple a microsimulation model with a computable general equilibrium model to capture the incidence on heterogeneous households in an economy-wide framework.
publishDate 2022
dc.date.none.fl_str_mv 2022
2022
2022
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10810/56677
url http://hdl.handle.net/10810/56677
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv info:eu-repo/grantAgreement/EC/H2020/796650
info:eu-repo/grantAgreement/MCIU/RTI2018-093352-B-I00/
info:eu-repo/grantAgreement/MINECO/MDM-2017-0714/
EUS/BERC/BERC.2018-2021
ES/1PE/MDM-2017-0714
https://doi.org/10.1016/j.eneco.2021.105705
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-sa/3.0/es/
© 2021 The Authors.
Atribución-NoComercial-CompartirIgual 3.0 España
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-sa/3.0/es/
© 2021 The Authors.
Atribución-NoComercial-CompartirIgual 3.0 España
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Energy Economics
publisher.none.fl_str_mv Energy Economics
dc.source.none.fl_str_mv reponame:Addi. Archivo Digital para la Docencia y la Investigación
instname:Universidad del País Vasco
instname_str Universidad del País Vasco
reponame_str Addi. Archivo Digital para la Docencia y la Investigación
collection Addi. Archivo Digital para la Docencia y la Investigación
repository.name.fl_str_mv
repository.mail.fl_str_mv
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