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The legal and economic case for an auction reserve price in the EU emissions trading system
Fischer, Carolyn; Reins, Leonie; Burtraw, Dallas; … - 2019 - Current Version: September 30, 2019
reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to … and legal arguments for and against an auction reserve price. Our economic analysis concludes that an auction reserve …
Persistent link: https://www.econbiz.de/10012119540
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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
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 … with a variable tax, while they are worse off than other Member States under an auction reserve price. …
Persistent link: https://www.econbiz.de/10011392634
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Banking permits : economic efficiency and distributional effects
Bosetti, Valentina (contributor); Carraro, Carlo (contributor) - 2008
Persistent link: https://www.econbiz.de/10003635240
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Emission targets and coalition options for a small, ambitious country : an analysis of welfare costs and distributional impacts for Norway
Fæhn, Taran; Yonezawa, Hidemichi - 2021
We theoretically and numerically analyse the impacts for a small, open country with carbon abatement ambitions of joining a coalition with allowance trading. Besides welfare impacts for both the coalition and the small, open economy joining the coalition, we scrutinise how the studied policy...
Persistent link: https://www.econbiz.de/10012428926
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Climate inequality : carbon capture for redistribution
Belfiori, Elisa; Macera, Manuel - 2024
We study optimal climate policy in a global economy where regions differ in wealth and climate vulnerability. Carbon emissions from production lead to output losses, and there is a technology for emissions absorption. We provide an aggregation result: the model with heterogeneity can be cast...
Persistent link: https://www.econbiz.de/10014632377
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Curbing price fluctuations in cap-and-trade auctions
Jeitschko, Thomas D.; Pal, Pallavi - 2021
fluctuations in prices. In this paper, we examine the dynamic auction design and propose a method to curb price volatility through …
Persistent link: https://www.econbiz.de/10012607458
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Curbing price fluctuations in cap-and-trade auctions
Jeitschko, Thomas D.; Pal, Pallavi - 2022
fluctuations in prices. In this paper, we examine the dynamic auction design and propose a method to curb price volatility through …
Persistent link: https://www.econbiz.de/10013384524
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The incidence of VAT evasion
Asatryan, Zareh; Gomtsyan, David - 2020
Who benefits from the evasion of value added taxes (VAT)? Using a reform that enforced VAT on previously non-compliant large retailers in Armenia, we estimate a one-third passthrough of the tax burden on prices. This suggests that pre-enforcement evasion rents were broadly shared with consumers...
Persistent link: https://www.econbiz.de/10012308508
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Europe beyond coal - an economic and climate impact assessment
Böhringer, Christoph; Rosendahl, Knut Einar - 2020
Several European countries have decided to phase out coal power generation. Emissions from electricity generation are already regulated by the EU Emissions Trading System (ETS), and in some countries like Germany the phaseout of coal will be accompanied with cancellation of emissions allowances....
Persistent link: https://www.econbiz.de/10012241075
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Kill Bill or tax : an analysis of alternative CO2 price floor options for EU member states
Böhringer, Christoph; Fischer, Carolyn - 2020
price and the targeted minimum price. Second, a national auction reserve price would "KILL" allowances by invalidating them …
Persistent link: https://www.econbiz.de/10012300226