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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/10009786078
recently revised EU ETS Directive, we then combine a country’s phase-out policy with canceling the permits it formerly used to …
Persistent link: https://www.econbiz.de/10011986157
With the new rules of the EU ETS, involving cancellation of allowances, cumulative emissions are no longer fixed but …
Persistent link: https://www.econbiz.de/10012022186
According to the Phase IV (2021-2030) rules of the EU ETS, the total amount of emissions permits allocated to firms is …
Persistent link: https://www.econbiz.de/10012171721
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/10010519926
green paradox for a general model and then apply it to the details of EU ETS. In 2018, new rules for a Market Stability … model disciplined on the price rise in the EU ETS that followed the introduction of the MSR. …
Persistent link: https://www.econbiz.de/10012105543
Persistent link: https://www.econbiz.de/10009310102
That climate policies are costly is evident and therefore often creates major fears. But the alternative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, they are substitutes. This brings climate policies naturally in the realm...
Persistent link: https://www.econbiz.de/10009722000
It has been argued that a depletable resource owner might optimally increase near-term supply in response to environmental policies promoting the development of alternative resources, which might render climate policy ineffective or even counterproductive. This paper empirically confirms this...
Persistent link: https://www.econbiz.de/10010498602
We study the variation of global and unilateral carbon price recommendations and their determinants. To this end, we provide survey evidence on carbon pricing from more than 400 experts across almost 40 countries. We quantify the extent of (dis-)agreement and reveal that a majority of experts...
Persistent link: https://www.econbiz.de/10012888461