?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F41746%2F&rft.title=Comparing+volume+and+blend+renewable+energy+mandates+under+a+carbon+budget&rft.creator=Amigues%2C+Jean-Pierre&rft.creator=Chakravorty%2C+Ujjayant&rft.creator=Lafforgue%2C+Gilles&rft.creator=Moreaux%2C+Michel&rft.subject=B-+ECONOMIE+ET+FINANCE&rft.description=In+order+to+encourage+substitution+of+fossil+fuels+by+cleaner+renewables%2C%0D%0Aregulatory+agencies+have+generally+chosen+between+two+types+of+renewable%0D%0Aenergy+standards.+They+have+either+mandated+a+minimum+volume+of+renewable+energy+as+in+the+case+of+ethanol+in+transport+fuels%2C+and+for+electricity+in%0D%0ATexas+and+Iowa.+Or+they+have+specified+a+minimum+blend+(share)+of+renewables+in+the+energy+supply+mix+as+in+California%2C+Michigan+and+many+other%0D%0Astates.+This+paper+uses+a+simple+model+to+compare+the+dynamic+effects+of%0D%0Athese+two+policies.+We+show+that+a+volume+mandate+leads+to+a+lower+energy%0D%0Aprice%2C+induces+a+greater+subsidy+on+clean+energy+and+a+smaller+fossil+fuel+tax%0D%0Athan+the+blend+mandate.+The+volume+mandate+also+leads+to+larger+cumulative+renewable+energy+use+over+the+time+horizon.+We+illustrate+the+model%0D%0Awith+plausible+parameter+values+and+show+that+the+two+energy+mandates%0D%0Alead+to+large+differences+in+fossil+fuel+taxes+and+clean+energy+subsidies.&rft.publisher=TSE+Working+Paper&rft.date=2020-08&rft.type=Monograph&rft.type=NonPeerReviewed&rft.format=text&rft.language=en&rft.identifier=https%3A%2F%2Fpublications.ut-capitole.fr%2Fid%2Feprint%2F41746%2F1%2Fwp_tse_1138.pdf&rft.identifier=++Amigues%2C+Jean-Pierre+%3Chttps%3A%2F%2Fwww.idref.fr%2F083881522%3E%2C+Chakravorty%2C+Ujjayant+%3Chttps%3A%2F%2Fwww.idref.fr%2F090428277%3E%2C+Lafforgue%2C+Gilles+%3Chttps%3A%2F%2Fwww.idref.fr%2F06993164X%3E+and+Moreaux%2C+Michel+%3Chttps%3A%2F%2Fwww.idref.fr%2F031616623%3E++(2020)+Comparing+volume+and+blend+renewable+energy+mandates+under+a+carbon+budget.++TSE+Working+Paper%2C+n.+20-1138%2C+Toulouse+++++&rft.relation=http%3A%2F%2Ftse-fr.eu%2Fpub%2F124615&rft.language=en