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The Gas Trap: Outcompeting Coal vs. Renewables

카테고리
국외자료
개인저자
Bård Harstad, Katinka Holtsmark
발행기관
NBER
발행년월
2024.07
페이지수
36p
URL
요약
We analyze a fundamental dilemma and time-inconsistency problem facing a climate coalition producing natural gas. In the short term, it is tempting to export more to outcompete coal. When this policy is anticipated, however, investments in renewables fall and emissions ultimately increase. When the coalition cannot pre-commit, its policies will be counterproductive. We discuss the robustness of this result and possible solutions.