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Trading hot-air : the influence of permit allocation rules, market power and the US withdrawal from the Kyoto Protocol.

Klepper, Gernot; Peterson, Sonja - Kiel Institute for the World Economy - 2005

After the conferences in Bonn and Marrakech it is likely that international emissions trading will be realized in the near future. Major influences on the permit market are the institutional detail, the participation structure and the treatment of hot-air. Different scenarios do not only differ...

Persistent link: https://www.econbiz.de/10008520287

An economy model for GISMO: DART-PBL technical documentation.

Ignaciuk, Adriana M.; Peterson, Sonja; Hübler, Michael; … - Kiel Institute for the World Economy - 2009

Persistent link: https://www.econbiz.de/10008495194

Marginal abatement cost curves in general equilibrium: The influence of world energy prices.

Klepper, Gernot; Peterson, Sonja - Kiel Institute for the World Economy - 2006

Marginal abatement cost curves (MACCs) are a favorite instrument to analyze international emissions trading. This paper focusses on the question of how to define MACCs in a general equilibrium context where the global abatement level influences energy prices and in turn national MACCs. We...

Persistent link: https://www.econbiz.de/10008520119

US participation, permit allocation, and hot air supply : [papers presented at 3rd Concerted Action for Tradable Permits (CATEP) Workshop on Global Trading, Institute for World Eco...

Klepper, Gernot; Peterson, Sonja - Kiel Institute for the World Economy - 2002

their allocative effects. Most repercussions can be expected to stem from the effects on the world markets for fossil fuel … scenario are to a large degree determined by its effects on world energy demand and world energy prices. Both findings imply … interaction between the permit market and the world energy markets. …

Persistent link: https://www.econbiz.de/10008610856