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Modeling Russia for Climate Change Issues

Bayar, Ali H.; Dramais, Frederic; Mohora, Cristina; … - 2021

This paper presents the dynamic multi-sector general equilibrium model for the Russian Federation (RusMod) and carbon emission projections for Russia up to 2020. Projection results emphasise the importance of accomplishing strong energy efficiency gains, and their effect on the economy and on...

Persistent link: https://www.econbiz.de/10013316237

Biofuels Subsidies and the Green Paradox

Grafton, R. Quentin; Kompas, Tom; Long, Ngo Van - 2021

This paper develops sufficient conditions under which the Weak Green Paradox may (and may not) hold in terms of subsidies for biofuel production such that the supply-side responses by fossil fuel producers may more than offset the substitution to biofuels. Analytical results are derived and...

Persistent link: https://www.econbiz.de/10013316243

How to Measure Financial Market Efficiency? A Multifractality-Based Quantitative Approach with an Application to the European Carbon Market

Sattarhoff, Cristina - 2018

This paper proposes a new measure for the evaluation of financial market efficiency, the so-called intermittency coefficient. This is a multifractality measure that can quantify the deviation from a random walk within the framework of the multifractal random walk model by Bacry et al. (2001b)....

Persistent link: https://www.econbiz.de/10012913274

Carbon Content of Electricity Futures in Phase II of the EU ETS

Fell, Harrison; Hintermann, Beat; Vollebergh, Herman R. J. - 2021

physical settlement during the second market phase of the EU ETS. We employ a series of estimation methods that allow for an …

Persistent link: https://www.econbiz.de/10013315729

EU-Type Carbon Emissions Trade and the Distributional Impact of Overlapping Emissions Taxes

Eichner, Thomas; Pethig, Rudiger - 2021

The European Union fulfills its emissions reductions commitments by means of an emissions trading scheme covering some part of each member state's economy and by national emissions control in the rest of their economies. The member states also levy energy/emissions taxes overlapping with the...

Persistent link: https://www.econbiz.de/10013316392

The Dependence Structure between Carbon Emission Allowances and Financial Markets - A Copula Analysis

Gronwald, Marc - 2013

This paper applies different copulas in order to investigate the complex dependence structure between EU emission …

Persistent link: https://www.econbiz.de/10013093522

Carbon Pricing in the EU : Evaluation of Different EU ETS Reform Options

Brink, Corjan - 2015

This paper studies various options to support allowance prices in the EU Emissions Trading System (ETS), such as … adjusting the cap, an auction reserve price, and fixed and variable carbon taxes in addition to EU ETS. We use a dynamic … at the EU Member State level. We find that both a variable carbon tax and an auction reserve price support effective …

Persistent link: https://www.econbiz.de/10013009840

Is Emission Intensity or Output U-Shaped in the Strictness of Environmental Policy?

Dijkstra, Bouwe R. - 2014

In a model where firms face a continuous choice of how much to invest in environmental innovation, we show that an ever stricter environmental policy does not always lead to ever cleaner production methods and ever lower production of polluting goods. It does so when the abatement technology is...

Persistent link: https://www.econbiz.de/10013051606

Using Output-Based Allocations to Manage Volatility and Leakage in Pollution Markets

Meunier, Guy - 2017

as to keep the global cap on emissions fixed (as it is the case in California and in the EU) …

Persistent link: https://www.econbiz.de/10012961946

Green Serves the Dirtiest : On the Interaction between Black and Green Quotas

Böhringer, Christoph; Rosendahl, Knut Einar - 2014

Tradable black (CO2) and green (renewables) quotas gain in popularity and stringency within climate policies of many OECD countries. The overlapping regulation through both instruments, however, may have important adverse economic implications. Based on stylized theoretical analysis and...

Persistent link: https://www.econbiz.de/10014201432