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In the contemporary era, renewable energy sources are employed globally. Their uncertain and intermittent nature conduce to a hybrid system that fully meets the electricity demand. This paper proposes a three-echelon hybrid (solar-wind) supply chain with government intervention and considers two approaches: (1) The decentralized model (non-cooperative Nash game) and (2) The government model with demand-side and supply-side subsidy policies. The optimal values obtained from the Nash game are put in the government function to acquire tariffs, and the paper aims to select the best policy. Finally, sensitivity analysis and managerial insights are presented. • A three-echelon solar-wind supply chain has been presented using game theory. • A hybrid power plant has been considered containing solar panels and wind turbines. • The turbine blade radius has been considered as decision variable of the supplier. • The government has presented supply-side and demand-side subsidy policies. [ABSTRACT FROM AUTHOR]

France is one of the countries that have made commendable progress towards accomplishing sustainable development goals but still struggles with combating environmental challenges. Decarbonizing the energy sector by deploying clean energy and reducing fossil fuels in the energy mix are essential steps. The study uses annual time series data from 1980 to 2021 and employs the ridge regression estimation technique to estimate a twice-differentiable transcendental production function, which approximates the second-order Taylor series to explore the potential for such decarbonization for France. The study finds that substitution possibilities exist between clean energy and fossil fuels, with substantial substitution possibilities coming from nuclear energy. Nuclear energy and renewables are found to be complements that can be deployed concurrently, but since nuclear energy already constitutes a significant proportion of clean energy for France, the study recommends increasing the proportion of renewable energy in the overall energy mix as the most plausible path to decarbonization. Other complementary sustainable energy policies are recommended in the body of the paper. • The substitution elasticities between clean energy and fossil fuels were estimated. • A second-order Taylor series trans-log production function was specified. • Substitutability is found between clean energy and fossil fuels. • Nuclear energy currently dominates France's clean energy mix. • Increasing renewables in the clean energy mix is recommended. [ABSTRACT FROM AUTHOR]

Comparing the United Kingdom's Renewables Obligation and Australia's Renewable Energy Target, this paper reconstructs the market for green certificates in which penalties are imposed on missed certificates. Our analysis shows that excess demand in the Renewables Obligation makes the penalty the minimum certificate price, but excess supply in the Renewable Energy Target makes the penalty the maximum certificate price. Further, excess supply also implies that the sales of certificates are not guaranteed in the Renewable Energy Target. Therefore, compared to the Renewables Obligation, generators face greater risk under the Renewable Energy Target as there is more uncertainty about the price of certificates and the possibility of sales. • Reconstruct demand and supply curves for TGC models. • Excess demand (supply) makes the penalty the minimum (maximum) certificate price. • The recycling mechanism pushes up the certificate price in the RO. • The refunding mechanism pushes down the certificate price in the RET. • Generators under TGC with excess supply face greater price risk and volume risk. [ABSTRACT FROM AUTHOR]