Showing 1 - 10 of 55
This paper aims at characterizing the conditions of wind power deployment in order to infer a carbon price level that …. Electricity price impact is not visible. The investment cost impact is not significant either, but the effect of the interest rate …/MWh of support in addition to electricity price is needed to observe the connection of new turbines to the grid with a 0 …
Persistent link: https://www.econbiz.de/10011162056
scrutiny, as the allowance price is persistently low at around 5€/tCO2. The cap was met and emissions actually declined in … of the price signal. In addition, a price for GHG emissions not covered by the EU ETS has to be set. If additional market …The central pillar of European climate policy, the European Emissions Trading System (EU ETS), is currently under …
Persistent link: https://www.econbiz.de/10010941061
We study the performance under uncertainty of three renewable energy policy instruments: Tradable Renewable Quota (TRQ), Feed-In-Tariff (FIT), and Feed-In-Premium (FIP). We develop a stylized model of the electricity market, where renewables are characterized by a positive learning externality,...
Persistent link: https://www.econbiz.de/10011162059
Uncertainty about long-term climate policy is a major driving force in the evolution of the carbon market price. Since … this price enters the investment decision process of regulated firms, this uncertainty increases the cost of capital for … assess the impact of climate change policy in the form of a constant or growing price floor on investment decisions of a …
Persistent link: https://www.econbiz.de/10009421248
The social cost of carbon (SCC), commonly referred to as the carbon price, is the monetized damage from emitting one … (IAMs) that consolidate interdisciplinary climate research inputs to obtain a carbon price estimate relevant for policy … carbon concentration levels; the size of the current economy and the emissions-temperature-damage response are the dominant …
Persistent link: https://www.econbiz.de/10010833902
We offer a framework to assign quantitative allocations of emissions of greenhouse gases (GHGs), across countries, one … budget period at a time. Under the two-part plan: (i) China, India, and other developing countries accept targets at Business … economic and technological developments. We include the possibility of emissions reduction from bio energy (BE), carbon capture …
Persistent link: https://www.econbiz.de/10009320996
that could drive future energy demand and, if unconstrained, emissions. This paper uses a multi-model comparison to … energy use and emissions. We show that affluence is only one face of the medal and the range of future emissions is also … contrast, climate intensity varies less with economic growth and it is mostly driven by climate policy. African emissions could …
Persistent link: https://www.econbiz.de/10010757690
Analyzing the risks of anthropogenic climate change requires sound probabilistic projections of CO2 emissions. Previous … aggregated observations of population size, economic output, and CO2 emissions over the last three centuries into a simple … economic model. We use this model to derive probabilistic projections of business-as-usual CO2 emissions to the year 2150. We …
Persistent link: https://www.econbiz.de/10005423044
This study compares the environmental impacts of urban public transport and automobiles (energy use, emissions, noise …
Persistent link: https://www.econbiz.de/10005230820
(merit-order curve) to the right and thereby reduce the equilibrium price of electricity during that hour. The size of this … intertemporal flexibility of the electricity system. Thus the price of wind power falls with higher penetration rates, even if the … average electricity price remains constant. This work quantifies the effect of variability on the market value of renewables …
Persistent link: https://www.econbiz.de/10010904938