Morocco's Renewable Energy Target Reduces Emissions but Impacts Household Welfare
Morocco aims to use more renewable energy by 2020 to reduce greenhouse gas emissions. Researchers used a computer model to see how this change would affect the economy and environment. They found that reaching the renewable energy goal could cut emissions by 15% but might lower household welfare. They also discovered that giving subsidies for renewable energy using taxes on fossil fuels is better than increasing electricity prices to meet the goal.