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Le régime de l’assurance des catastrophes naturelles en France est actuellement en équilibre. Cependant, un évènement majeur peut le déséquilibrer et l’Etat peut être appelé en garantie. Des événements climatiques récents ont conduit à l’élaboration d’une réforme,...
Persistent link: https://www.econbiz.de/10008800653
Cet article examine les impacts de la production industrielle dans les secteurs couverts par le Système d’Echange des Quotas Européens (European Union Emissions Trading Scheme, EU ETS) sur les changements de prix au comptant du CO2 durant la PhaseI(2005-2007). À partir d’indices de...
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The EU ETS has been criticised for threatening the competitiveness of European industry and generating carbon leakage, i.e., increasing foreign greenhouse gas emissions. Two main options have been put forward to tackle these concerns : border adjustments and output-based allocation, i.e.,...
Persistent link: https://www.econbiz.de/10009351382
Global warming reveals that the current evolution of the world consumption is on an unsustainable path. Humankind's insatiable appetite for energy has sparked a new crisis. In a world where climate change has become a proven reality, there lies a deep uncertainty about the physical, economic and...
Persistent link: https://www.econbiz.de/10008800018
This paper considers a permit market with both spatial and intertemporal trading. The intertemporal market allows firms to freely borrow or bank permits over a pre-specified period of time. When this period is over, the permit bank has to be balanced, so firms cannot avoid compliance just by...
Persistent link: https://www.econbiz.de/10009188422
In international emissions trading schemes such as the Kyoto Protocol and the European Union Emissions Trading Scheme, the sub- optimal negotiation of the cap with respect to total pollution minimization leads us to critically examine the proposition that generous allocation of grandfathered...
Persistent link: https://www.econbiz.de/10008465008
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We investigate the relative efficiency of an agreement based on a uniform standard without transfers and one based on differentiated standards with transfers when strictly identical countries deal with transboundary pollution. We especially ask what role fixed cost plays. Two approaches are...
Persistent link: https://www.econbiz.de/10009189922