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Carbon pricing in the EU : evaluation of different EU ETS reform options

Brink, Corjan; Vollebergh, Herman R. J.; Van der Werf, Edwin - 2015 - This version: November 24, 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/10011392634

Mitigating carbon leakage : combining output-based rebating with a consumption tax

Böhringer, Christoph; Rosendahl, Knut Einar; … - 2015

Unilateral climate policy induces carbon leakage through the relocation of emission-intensive and trade-exposed industries to regions with no or more lenient emission regulation. Both analytical and numerical studies suggest that emission pricing combined with border carbon adjustments may be a...

Persistent link: https://www.econbiz.de/10011300313

Carbon content of electricity futures in phase II of the EU ETS

Fell, Harrison; Hintermann, Beat; Vollebergh, Herman R. J. - 2013

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 EU ETS. We employ a series of estimation methods that allow for an … degree of cross-commodity and cross-market interaction allowed. We further find that coal prices are negatively and gas …

Persistent link: https://www.econbiz.de/10009786078

Endogenous emission caps always induce a green paradox

Gerlagh, Reyer; Heijmans, Roweno; Rosendahl, Knut Einar - 2019

green paradox for a general model and then apply it to the details of EU ETS. In 2018, new rules for a Market Stability …

Persistent link: https://www.econbiz.de/10012105543

EU ETS and the new green paradox

Rosendahl, Knut Einar - 2019

depending on the market outcome. Perino (2018) showed that additional abatement effort can reduce cumulative emissions if it …

Persistent link: https://www.econbiz.de/10012022186

What can we learn from EU ETS?

Vollebergh, Herman R. J.; Brink, Corjan - 2020

guided with care. The current quantity rules for the Market Stability Reserve to steer the abundancy of allowances seems a …

Persistent link: https://www.econbiz.de/10012206085

Smart hedging against carbon leakage

Böhringer, Christoph; Rosendahl, Knut Einar; … - 2019

Policy makers in the EU and elsewhere are concerned that unilateral carbon pricing induces carbon leakage through relocation of emission-intensive and trade-exposed industries to other regions. A common measure to mitigate such leakage is to combine an emission trading system (ETS) with...

Persistent link: https://www.econbiz.de/10012118539

Measures against carbon leakage : combining output-based allocation with consumption taxes

Böhringer, Christoph; Rosendahl, Knut Einar; … - 2024

Countries with ambitious climate targets are concerned about carbon leakage to countries with more lenient or no carbon pricing. A common policy measure against leakage is output-based allocation of emissions allowances, whose effectiveness could be further enhanced by consumption taxes levied...

Persistent link: https://www.econbiz.de/10014528226