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Carbon Content of Electricity Futures in Phase II of the EU ETS
Fell, Harrison G.; Hintermann, Beat; Vollebergh, Herman R.J - 2021
We estimate the relationship between electricity, fuel and carbon prices in Germany, France, the Netherlands, the Nord Pool market and Spain, using one-year futures for base and peak load prices for the years 2009-2012, corresponding to physical settlement during the second market phase of the...
Persistent link: https://www.econbiz.de/10013315729
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Do Permit Allocations Matter?
Verbon, Harrie A. A. - 2010
of the system, under various institutional arrangements, through the initial allocation of permits …
Persistent link: https://www.econbiz.de/10013136241
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Emissions Trading with Offset Markets and Free Quota Allocations
Rosendahl, Knut Einar - 2014
allocation between policy bloc and fringe are both inefficient. When firms buy offsets directly from the fringe and all quotas …. The former (latter) case occurs when free allocation of quotas is not (very) generous, and the offset market is large …
Persistent link: https://www.econbiz.de/10013059018
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The Role of Fiscal Instruments in Environmental Policy
Kosonen, Katri - 2009
Environmental protection is one of Europe's key values. The EU has set clear policy objectives to achieve its environmental goals. The EU has favoured market-based instruments, among which fiscal instruments to tackle the climate change problem. This paper takes a policy-making perspective and...
Persistent link: https://www.econbiz.de/10013157842
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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 allowance (EUA) futures returns and those of other commodities, equity and energy indices. The analysis yields important insights into the relationship between carbon, commodities...
Persistent link: https://www.econbiz.de/10013093522
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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 computable general equilibrium model that explicitly allows...
Persistent link: https://www.econbiz.de/10013009840
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The European Union Emissions Trading System and the Market Stability Reserve : Optimal Dynamic Supply Adjustment
Kollenberg, Sascha - 2015
The supply of allowances in the European Union Emissions Trading System is determined within a rigid allocation … programme. A reform of the EU ETS intends to make allowances allocation flexible and contingent on the state of the system. We … allocation adjustment rate and the market equilibrium dynamics, which allows us to represent the quantity thresholds as quantiles …
Persistent link: https://www.econbiz.de/10013021413
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Pass-through of CO<sub>2</sub> Emission Costs to Hourly Electricity Prices in Germany
Hintermann, Beat - 2014
no economic reason for free allowance allocation to the electricity sector, and thus validate the updated allocation …
Persistent link: https://www.econbiz.de/10013046575
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Addressing the Climate Problem : Choice between Allowances, Feed-In Tariffs and Taxes
Amundsen, Eirik S. - 2018
Instruments chosen to pursue climate related targets are not always efficient. In this paper we consider an economy with three climate related targets for its electricity generation: a given share of “green” electricity, a given expansion of “green” electricity, and a given reduction of...
Persistent link: https://www.econbiz.de/10012920348
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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