Renewable Energy Study Released
BEIJING -
Data detailed on Energy - Renewable Energy have been presented. According to news originating from Guangdong, People's Republic of China, by VerticalNews correspondents, research stated, "On the basis of the government subsidies for renewable energy electricity, this study builds a two-stage duopoly model in an industry with a renewable electricity enterprise and a conventional electricity enterprise in the market. Under the assumption of the generalised social welfare maximisation authority, this study discusses the effects of three types of government subsidies, business fixed input subsidy, output subsidy and mixed subsidy."
Our news journalists obtained a quote from the research from the University of Jinan, "First, the mixed subsidy policy is the best one under generalised social welfare. However, when the cost of renewable energy production or the energy negative coefficient is low, this subsidy policy generates a high electricity price. Second, when the output subsidy is used, the optimal price and optimal output of renewable energy will decrease with the increase of production cost and negative externality coefficient of renewable energy enterprises."
According to the news editors, the research concluded: "Finally, both the optimal price and optimal outputs depend on the level of negative externality and the cost of renewable energy production."
For more information on this research see: Influence of optimal government subsidies for renewable energy enterprises. IET Renewable Power Generation
Related News
Four-Year U.S. Wind Forecast Sees Quarter-Million Jobs
WASHINGTON - The expansion of American wind power is poised to drive 248,000 jobs and $85 billion dollars in economic activity over the next four years, according to the American Wind Energy Association (AWEA), citing a new report from Navigant Consulting.
These and other economic benefits will result from the addition of 35 GW of new wind power capacity through the end of 2020, which also mark’s the end of President Donald Trump’s term in office, AWEA says.
AWEA has released an accompanying white paper. “Wind brings jobs and economic development to all 50 states,” to highlight the economic benefits wind already…
