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This paper empirically investigates the effect of the European Emission Trading Scheme (EU ETS) on cross … in areas outside the EU ETS. To study this problem, we employ a model of the firm's investment decision in conjunction … sensitivity to carbon pricing from observed pollution data. This allows to identify the effect of the EU ETS on international …
Persistent link: https://www.econbiz.de/10013438492
The European Union Emissions Trading System has raised concerns about possible detrimental effects on firms production through an increase in polluting costs, unless firms change inputs or increase the efficiency in the way they produce. We provide evidence of the causal impact of this policy on...
Persistent link: https://www.econbiz.de/10013361269
Persistent link: https://www.econbiz.de/10003590948
to analyse the implications for the European Union (EU) of including non-CO2 GHG emissions in its cap and trade system …
Persistent link: https://www.econbiz.de/10010226004
The central pillar of European climate policy, the European Emissions Trading System (EU ETS), is currently under … political factors and regulatory uncertainty have played a key role in the price decline. As a consequence, any reform of the EU … Market Stability Reserve proposed by the EU Commission is unlikely to address the current problem of price uncertainty and …
Persistent link: https://www.econbiz.de/10010413627
Persistent link: https://www.econbiz.de/10014449965
, where losses are projected to remain above 6 percent of GDP until 2030. The EU's 10 percent most-polluted regions suffer 25 … delayed, in these regions. Promoting clean air boosts economic growth by €50 billion to €60 billion every year. The EU … and Resilience Facility (RRF). EU financial support must continue beyond 2026 when the RRF terminates. The EU Ambient Air …
Persistent link: https://www.econbiz.de/10014578071
Allocation Plan (NAP) of UK for the Second Phase (2005-07) as a case study. -- Carbon allowances ; Permits allocation ; EU ETS …
Persistent link: https://www.econbiz.de/10003814728
Putting a price on carbon is considered a crucial step for China's endeavor of harnessing the market forces to reduce its energy consumption and carbon emissions. Indeed, aligned with China's grand experiment with low-carbon provinces and low-carbon cities in six provinces and thirty-six cities,...
Persistent link: https://www.econbiz.de/10010493045
Countries have pledged to stabilize global warming at a 1.5 to 2°C increase. Either target requires reaching net zero emissions before the end of the century, which implies a major transformation of the economic system. This paper reviews the literature on how policymakers can design climate...
Persistent link: https://www.econbiz.de/10011660858