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 …

We investigate the displacement effects of phase-out-of-coal policies in a stylized model of electricity generation and … electricity, some emissions as well as some coal-based electricity "leak" into other countries and the aggregate welfare of the … group of countries declines, if a country unilaterally phases out coal. With constant emissions cap and no trade in …

railroads that transport coal from mines to power plants, use this information to capture economic rents that would otherwise …

analyse the effect of both, coal and oil on economic growth between 1900 and 2015, exploiting variation at the level of … European NUTS2 and NUTS3 regions. We show that the reversal of fortune of coal regions resulted from the second energy … transition. Specifically, an "oil invasion" in the early 1960s turned regional coal abundance from a blessing into a curse. Human …

late breakthroughs most unilateral emission reductions may be negated abroad. Future coal liquefaction suggests negative …