Search

This paper examines the relationship between renewable energy production and greenhouse gas emissions (GHG) using U.S. state-level data for 2010. After controlling for other sources of emissions, U.S. states that produce a larger share of renewable energy are found to have lower GHG emissions. It is estimated that a 10% increase in the share of renewable energy could decrease CH 4 emissions by about 0.26%. Since the use of renewable energy sources does not release GHG emissions, this effect can be interpreted as stabilizing if renewable energy is added to coal use or as corrective if it replaces coal. After accounting for the role of coal as a baseload power source, an increase in the share of renewable energy is estimated to mitigate N 2 O emissions at the U.S. state level only if states individually decrease their share of coal use to levels below 41.47%. These findings have significant policy implications for the provision of guidance to policymakers in identifying optimal energy mixes and in pursuing realistic goals to enhance renewable energy penetration and to contribute to the current efforts of tackling climate change. [ABSTRACT FROM AUTHOR]

Abstract: Efforts towards decarbonizing the energy system have to focus on individual actors within the system. Their current and potential future stake in energy consumption and contribution to climate change has to be analyzed when formulating energy policies targeting system-wide reduction efforts. Focusing on firms, this paper develops a framework for the assessment of corporate carbon performance. We use this framework for an empirical assessment of the 100 largest US electricity producers within three different carbon scenarios. Our results show that in a scenario without changes in the US institutional environment electricity producers will not face a severe increase of their carbon exposure and only a small improvement regarding the carbon intensity of the electricity mix is achieved. In a scenario with more carbon-constrained US energy market conditions some companies face a financial risk from using and emitting carbon that more than triples compared to today. However, in a scenario with strong investments in renewable energy technologies the carbon dependency of electricity production can be significantly reduced. We discuss these findings from a climate policy and financial markets perspective. [Copyright &y& Elsevier]

• Energy efficiency provides substantial carbon dioxide emissions reduction. • Renewable energy sources substantially influences carbon dioxide emissions. • Substantively, renewable energy is slightly more effective than energy efficiency. • Affluence tampers the effectiveness of energy efficiency and renewable energy. This study examines the comparative effectiveness of two important proposed solutions to climate change—energy efficiency improvement and the development and use of renewable energy sources. We focus specifically on their impacts on carbon dioxide emissions by conducting fixed effects regression analysis of panel data pertaining to U.S. states. The analysis reveals a negative relationship between both remedies and carbon dioxide emissions. Although the effects of these potential solutions are statistically equivalent, renewable energy production has a slight edge. Reflecting upon these findings and the larger environmental problem, we caution against exclusive reliance on efficiency improvement and renewable energy to the neglect of other important actions, such as lifestyle modifications. A broad range of social changes, which incorporate the remedies investigated in this paper, are needed to limit long-term global temperature increases to the desired level. [ABSTRACT FROM AUTHOR]