In part 2 the professor presents her paper on Environmental and Technology Policy Options in the Electricity Sector: Interactions and Outcomes. She starts this by discussing how to combine policies with tradable standards.
One can have either supplementary policies which either lower the costs for renewable energy or putting a burden on fossil fuels, as well as doing both at the same time. She also presents a short rational for overlapping policies; “how many tools do we need?”
In another paper the professor discusses multiple market failures and how these interact and influence policy outcomes. She goes on discussing the electricity sector and market.
She presents tables and diagrams to illustrate results from different policies, and the sensitivity to knowledge spillovers and to energy efficiency undervaluation. Also what would be the optimal spending on wind and solar energy respectively.