|
|
The article discusses a report published by the U.S. Dept. of Energy (DOE) that examined the technical feasibility of using wind energy for electricity generation. The report assessed the costs, impacts and challenges associated with the production of 20% wind energy by 2030. Results have shown that there is a need for an enhanced transmission infrastructure and an increase in turbine installations to achieve 20% wind energy.
|
As electricity demand increases, policymakers must make decisions about which energy resources will meet future demands. Much of the recent literature has focused on the contribution of new coal power plants to carbon emissions (Milford et al., 2005; Milford et al., 2007; MIT 2007). However, policymakers and industry are increasingly interested in job creation and economic development analyses to understand the full impacts of new electricity generation projects.1 Additionally, economic development impacts are often a critical piece in building public support for wind power projects. The purpose of this research is to look at the specific factors that drive wind-power-related economic development and to better understand...
|
Oil price shocks are thought to have played a prominent role in U.S. economic activity. In this paper, we employ Bayesian methods with a dynamic stochastic general equilibrium model of world economic activity to identify the various sources of oil price shocks and economic fluctuation and to assess their effects on U.S. economic activity. We find that changes in oil prices are best understood as endogenous. Oil price shocks in the 1970s and early 1980s and the 2000s reflect differing mixes of shifts in oil supply and demand, and differing sources of oil price shocks have differing effects on economic activity. We also find that U.S. output fluctuations owe mostly to domestic shocks, with productivity shocks contributing...
|
|
