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Carbon content of electricity futures in phase II of the EU ETS
Fell, Harrison; Hintermann, Beat; Vollebergh, Herman R. J. - 2013
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/10009786078
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Overlapping efforts in the EU emission trading system
Herweg, Fabian - 2020 - This version: February 13, 2020
According to the Phase IV (2021-2030) rules of the EU ETS, the total amount of emissions permits allocated to firms is not fixed but endogenous. This implies that a national climate policy that overlaps with the emission trading system can have an impact on total aggregate emissions. Roughly...
Persistent link: https://www.econbiz.de/10012171721
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Carbon Leakage and capacity-based allocations : is the EU right?
Meunier, Guy; Ponssard, Jean-Pierre; Quirion, Philippe - 2012
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 …, using cement as a case study. -- cap and trade ; output based allocation ; subsidization of capacity ; climate policy …
Persistent link: https://www.econbiz.de/10009687241
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Endogenous emission caps always induce a green paradox
Gerlagh, Reyer; Heijmans, Roweno; Rosendahl, Knut Einar - 2019
For any emission trading system (ETS) with quantity-based endogenous supply of allowances, there exists a negative demand shock, e.g. induced by abatement policy, that increases aggregate supply and thus cumulative emissions. We prove this green paradox for a general model and then apply it to...
Persistent link: https://www.econbiz.de/10012105543
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Carbon prices are redundant in the 2030 EU climate and energy policy package
Aune, Finn Roar; Golombek, Rolf - 2018
In June 2018, an agreement between key EU institutions - the Commission, the European Parliament, and the European Council - was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a comprehensive assessment of the EU package, with its...
Persistent link: https://www.econbiz.de/10011933893
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EU ETS and the new green paradox
Rosendahl, Knut Einar - 2019
With the new rules of the EU ETS, involving cancellation of allowances, cumulative emissions are no longer fixed but depending on the market outcome. Perino (2018) showed that additional abatement effort can reduce cumulative emissions if it occurs within a few years. This article shows that...
Persistent link: https://www.econbiz.de/10012022186
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Phase-out of "coal to power" in an ETS
Eichner, Thomas; Pethig, Rüdiger - 2019
We investigate the displacement effects of phase-out-of-coal policies in a stylized model of electricity generation and CO2 regulation, in which a group of countries operates an emissions trading scheme (ETS). Electricity markets are either international or national and the emissions cap remains...
Persistent link: https://www.econbiz.de/10011986157
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Sequencing carbon dioxide removal into the EU ETS
Sultani, Darius; Osorio, Sébastian; Günther, Claudia; … - 2024 - This version: June 2024
Novel Carbon Dioxide Removal (CDR) technologies have seen a first wave of deployment, driven by investments through voluntary carbon markets and by specific support policies. To sustain the momentum, a credible long-term policy path is urgently needed to lead removal technologies through the...
Persistent link: https://www.econbiz.de/10014556744
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EU ETS, free allocations and activity level thresholds : the devil lies in the detail
Branger, Frédéric; Ponssard, Jean-Pierre; Sartor, Oliver - 2015
allocation to low-activity installations, for installations operating below the threshold, the financial gain from increasing …) relative to a scenario without ALTs, but this gain is small compared to an output based allocation method, which would further … reduce overallocation by 40 million allowances (29% of total cement sector free allocation). Firms responded …
Persistent link: https://www.econbiz.de/10011280851
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Smart hedging against carbon leakage
Böhringer, Christoph; Rosendahl, Knut Einar; … - 2019
combine an emission trading system (ETS) with output-based allocation (OBA) of allowances to exposed industries. We first show …
Persistent link: https://www.econbiz.de/10012118539