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Steady-state growth in a Hotelling model of resource extraction

Dates

Year
2007

Citation

Cynthialin, C., and Wagner, G., 2007, Steady-state growth in a Hotelling model of resource extraction: Journal of Environmental Economics and Management, v. 54, iss. 1, p. 68-83.

Summary

We have developed a state-scale version of the MARKAL energy optimization model, commonly used to model energy policy at the US national scale and internationally. We apply the model to address state-scale impacts of a renewable electricity standard (RES) and a carbon tax in one southeastern state, Georgia. Biomass is the lowest cost option for large-scale renewable generation in Georgia; we find that electricity can be generated from biomass co-firing at existing coal plants for a marginal cost above baseline of 0.2-2.2 cents/kWh and from dedicated biomass facilities for 3.0-5.5 cents/kWh above baseline. We evaluate the cost and amount of renewable electricity that would be produced in-state and the amount of out-of-state renewable [...]

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  • Western Energy Citation Clearinghouse

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Additional Information

Identifiers

Type Scheme Key
DOI WECC []
ISSN WECC 00950696

Citation Extension

citationTypeJournal Article
journalJournal of Environmental Economics and Management
parts
typePages
value68-83
typeVolume
value54
typeIssue
value1

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