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ETS and Technological Innovation: A Random Matching Model

Antoci, Angelo; Borghesi, Simone; Sodini, Mauro - Fondazione ENI Enrico Mattei (FEEM) - 2012

The present paper investigates the functioning of an Emission Trading System (ETS) and its impact on the diffusion of environmental-friendly technological innovation in the presence of firms’ strategic behaviours and sanctions to non-compliant firms. For this purpose, we study an evolutionary...

Persistent link: https://www.econbiz.de/10010904915

The European Emissions Trading System (EU ETS): Ex-Post Analysis, the Market Stability Reserve and Options for a Comprehensive Reform

Knopf, Brigitte; Koch, Nicolas; Grosjean, Godefroy; … - Fondazione ENI Enrico Mattei (FEEM) - 2014

The central pillar of European climate policy, the European Emissions Trading System (EU ETS), is currently under scrutiny, as the allowance price is persistently low at around 5€/tCO2. The cap was met and emissions actually declined in recent years, ensuring the environmental effectiveness of...

Persistent link: https://www.econbiz.de/10010941061

Price Floors for Emissions Trading

Wood, Peter John; Jotzo, Frank - Fondazione ENI Enrico Mattei (FEEM) - 2009

Price floors in greenhouse gas emissions trading schemes can have advantages for technological innovation, price volatility, and management of cost uncertainty, but implementation has potential pitfalls. We argue that the best mechanism for implementing a price floor is to have firms pay an...

Persistent link: https://www.econbiz.de/10008489601

Efficiency, Productivity and Environmental Policy: A Case Study of Power Generation in the EU

Jaraite, Jurate; Maria, Corrado Di - Fondazione ENI Enrico Mattei (FEEM) - 2011

This study uses the EU public power generating sector as a case study to investigate the environmental efficiency and productivity enhancing performance of the European Union’s CO2 Emissions Trading Scheme (EU ETS) in its pilot phase. Using Data Envelopment Analysis methods, we measure the...

Persistent link: https://www.econbiz.de/10009002698

Flexibility in the Market for International Carbon Credits and Price. Dynamics Difference with European Allowances

Gavard, Claire; Kirat, Djamel - Fondazione ENI Enrico Mattei (FEEM) - 2015

We analyze the price dynamics of European allowances and international carbon credits in the second phase of the European carbon market. We develop and use a model combining fundamental drivers associated with the demand for quotas by installations and risk-return considerations related to the...

Persistent link: https://www.econbiz.de/10011162048

Carbon Price and Wind Power Support in Denmark

Gavard, Claire - Fondazione ENI Enrico Mattei (FEEM) - 2015

This paper aims at characterizing the conditions of wind power deployment in order to infer a carbon price level that would provide wind power with comparable advantage over fossil fuel technologies as effective wind support policies. The analysis is conducted on Danish data from 2000 to 2010,...

Persistent link: https://www.econbiz.de/10011162056

Enforcement and Environmental Quality in a Decentralized Emission Trading System

Valentini, Edilio; Valentini, Edilio - Fondazione ENI Enrico Mattei (FEEM) - 2008

This paper addresses the issue of whether the powers of monitoring compliance and allocating tradeable emissions allowances within a federation of countries should be appointed to a unique federal regulator or decentralized to several local regulators. To this end, we develop a two stage game...

Persistent link: https://www.econbiz.de/10005230863

Open Trade with the U.S. without Compromising Canada’s Ability to Comply with its Kyoto Target

Zhang, ZhongXiang - Fondazione ENI Enrico Mattei (FEEM) - 2003

There are no other two countries in the world that trade as much between themselves as do Canada and the U.S.. It should thus come as no surprise that the U.S. deviation from international obligations makes Canadian industries’ competitiveness (trade) concerns become even more rigorous....

Persistent link: https://www.econbiz.de/10005230936

Taxing Tourism in Spain: Results and Recommendations

Labandeira, Xavier; Gago, Alberto; Picos, Fidel; … - Fondazione ENI Enrico Mattei (FEEM) - 2006

This paper analyses the foundations, possible applications and the effects of tourism taxation in Spain. The article … tourism taxation in Spain, with special mention being given to the now repealed Balearic ecotasa. Finally, the effects of two …-related sectors could have the same effects on tourist expenditure but at the costs of greater impact for Spain’s economy. …

Persistent link: https://www.econbiz.de/10005423056

Ownership and Control: A Spanish Survey

Crespi-Cladera, Rafel; Garcia-Cestona, Miguel A. - Fondazione ENI Enrico Mattei (FEEM) - 1999

The paper analyses the ownership structure of a large sample of Spanish listed companies. The results are analysed in terms of governance implications under the agency theory context. The results show a picture with concentrated ownership where stock markets are relatively low important. Direct...

Persistent link: https://www.econbiz.de/10005230816

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