A decreasing elasticity of substitution between clean and dirty energy and the potential implications for policy

Seminar

Speaker

Tony Wiskich, PhD Student, CAMA

Venue

Other, please see description for details

Date

Thursday, 23 August, 2018 - 11:30 to 12:30

Using a stylised structural model of electricity generation, Tony derives a (bimodal) production function for clean and dirty technologies with two elasticities: a high elasticity for low clean penetration and a low elasticity for high clean penetration. He finds elasticities start at over 10 and reduce to just above unity above a switch point of around 50 per cent clean electricity penetration, where curtailment of intermittent generation dominates.

Find flyers, registration, and complete event details at https://crawford.anu.edu.au/news-events/events/12925/decreasing-elasticity-substitution-between-clean-and-dirty-energy-and

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