The rise and fall of bioenergy
研究了生物能源使用随时间可能先增后减的非单调路径，并推导了最优税收/补贴政策，对关注能源转型和气候政策的经济学者有参考价值。
If bioenergy has a less negative impact on the climate than fossil energy, it may be optimal to have a significant increase in the use of bioenergy over time. Due to the difference in the way the climate is affected by the two types of energy, the future time path of the use of bioenergy may be non-monotonic: It may be optimal to first have an increase in its use, and later a reduction. Optimal taxes/subsidies are derived both for the first-best case and for the case of a constraint on the size of the fossil tax.