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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

More Gas, Less Cole, and Less CO2? Unilateral CO2 Reduction Policy with More than One Carbon Energy Source

Daubanes, Julien - 2017

We examine an open economy's strategy to reduce its carbon emissions by replacing its consumption of coal - very carbon intensive - with gas - less so. Unlike the standard analysis of carbon leakage, unilateral carbon-reduction policies with more than one carbon energy source may turn...

Persistent link: https://www.econbiz.de/10012943061

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

Fiscal and Regulatory Instruments for Clean Technology Development in the European Union

Dechezlepretre, Antoine - 2015

This policy note investigates whether the current level of public support to environment-friendly technologies is sufficient to allow European countries to respond to the multiple challenges posed by climate change and other environmental concerns. We first lay out the justifications for...

Persistent link: https://www.econbiz.de/10013021714

Carbon Leakage : A Medium- and Long-Term View

Habermacher, Florian - 2015

Future market developments determine the fate of fossil fuel carbon currently conserved unilaterally. Dynamic fuel depletion naturally suggests leakage rates approaching 100%. Reasons for lower leakage differ from what limits rates in previous studies. Discounting reduces present-value leakage...

Persistent link: https://www.econbiz.de/10013026683

Carbon Emissions Scenarios in Europe Based on an Endogenous Growth Model

Ciesielski, Anna - 2014

Carbon dioxide emissions are a major force driving climate change. We construct scenarios of CO2 emissions from fossil energy until 2100 in Europe. Major innovations are first that economic growth is based on an endogenous economic growth model and second that we calibrate our model to...

Persistent link: https://www.econbiz.de/10013046062

Pass-through of CO<sub>2</sub> Emission Costs to Hourly Electricity Prices in Germany

Hintermann, Beat - 2014

I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot market data. I control for contemporaneous shocks to demand and supply by constructing a detailed supply curve for fossil generation, and intersecting it with residual demand for...

Persistent link: https://www.econbiz.de/10013046575

The Optimal Energy Mix in Power Generation and the Contribution from Natural Gas in Reducing Carbon Emissions to 2030 and Beyond

Carraro, Carlo; Tavoni, Massimo; Longden, Thomas; … - 2021

(including the Copenhagen Pledges and the EU Roadmap) to identify whether current trend and policies are leading to an …

Persistent link: https://www.econbiz.de/10013315708

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

Fell, Harrison G.; 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

Carbon Leakage and Capactiy-Based Allocations - Is the EU Right?

Meunier, Guy; Ponssard, Jean-Pierre; Quirion, Philippe - 2021

based allocation (Australia, California, New Zealand) and capacity based allocation (EU). This paper characterizes the best … output and capacity based allocation is proved to be the optimal second best policy. The EU scheme for 2013-2020 is discussed …

Persistent link: https://www.econbiz.de/10013315824