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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

Fiscal and regulatory instruments for clean technology development in the European Union

Dechezleprêtre, Antoine; Popp, David - 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/10010519926

EU ETS, free allocations and activity level thresholds : the devil lies in the detail

Branger, Frédéric; Ponssard, Jean-Pierre; Sartor, Oliver - 2015

This paper investigates incentives for firms to increase output above the activity level thresholds (ALTs) in order to obtain more free allowances in the EU Emissions Trading Scheme. While ALTs were introduced in order to reduce excess free allocation to low-activity installations, for...

Persistent link: https://www.econbiz.de/10011280851

Phasing out nuclear power in Europe

Aune, Finn Roar; Golombek, Rolf; Hallre, Hilde - 2015

We explore the impact of an EU-wide nuclear phase-out by 2030 provided the EU energy and climate policy for 2030 is implemented. Using a numerical simulation model of the European energy industry (LIBEMOD), we find that a complete nuclear phase-out in Europe by 2030 has a moderate impact on...

Persistent link: https://www.econbiz.de/10011281296

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

Green tradable certificates versus feed-in tariffs in the promotion of renewable energy shares

Requate, Tilman - 2014

The paper analyzes the relationship between CO2 mitigation policy and promotion policies designed to deploy renewable energy sources for electricity production (RES-E). If an emission cap is the only policy target, an optimal mix consisting of high and low carbon use of fossil fuels, deployment...

Persistent link: https://www.econbiz.de/10010468575

Oil trade and climate policy : presented at CESifo Area Conference on Energy and Climate Economics, October 2014

Curuk, Malik; Sen, Suphi - 2015

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

Pass-through of CO2 emission costs to hourly electricity prices in Germany

Hintermann, Beat - 2014

market data. I control for contemporaneous shocks to demand and supply by constructing a detailed supply curve for fossil …

Persistent link: https://www.econbiz.de/10010412091

Carbon emissions scenarios in Europe based on an endogenous growth model

Ciesielski, Anna; Tol, Richard S. J. - 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/10010412388