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substitutes within the EU Emissions Trading System (EU ETS) for CO2. Firms therefore had a strong incentive to use the cheaper …-related transaction costs, this study examines the use of international offset credits in the EU ETS. It establishes a model of firm … participation in the EU ETS in general, rather than additional participation in the offset trade. …
Persistent link: https://www.econbiz.de/10011373905
In 2005, the EU introduced an emissions trading system in order to pursue its Kyoto obligations. This instrument gives … on the national allocation plans as submitted to and approved by the EU. We find that, if the NAP is combined with a …
Persistent link: https://www.econbiz.de/10003219669
might be considered to reform the EU Emissions Trading Scheme (EU ETS). In this paper, we have decided to focus on three … for the carbon costs incurred on basic materials embodied in products. Finally, under the third model, the EU ETS would be … complemented with a climate contribution charged for materials sold in the European Union (EU) at the product benchmark level …
Persistent link: https://www.econbiz.de/10012180861
, both in the EU and beyond. Second, the paper presents an analysis of the provisions in WTO law that would apply to product …
Persistent link: https://www.econbiz.de/10012134468
Carbon pricing decisions by governments are prone to time-inconsistency, which causes the private sector to underinvest in emission-reducing technologies. We show that incentives for decarbonization can be improved if complementing carbon pricing with carbon contracts for differences, where the...
Persistent link: https://www.econbiz.de/10012197900
In this paper we show that carbon pricing is subject to time-inconsistency and we investigate solutions to improve on the problem and restore the incentive for the private sector to invest in low-carbon innovation. We show that a superior price-investment equilibrium can be sustained in the...
Persistent link: https://www.econbiz.de/10011771753
climate policy addressing global externalities. The debate is particularly salient in Europe, where the EU Emissions … TradingSystem (EU ETS) covers emissions of many traded sectors. In a first step, we review how carbon leakage and the pollution … introduced by the EU ETS has caused carbon leakage in European manufacturing. We compute trade flows in embodied carbon and value …
Persistent link: https://www.econbiz.de/10011746562
Based on a life-cycle sustainability assessment and the calculation of carbon abatement costs, we quantify the greenhouse-gas emission reductions and costs if green waste in the metropolitan region of Berlin, Germany, is diverted from composting into the production of hydrothermally carbonized...
Persistent link: https://www.econbiz.de/10011746574
We consider a Green Public Procurement setting where the procurer provides a bid discount to environment-friendly technologies to foster their use. We assume that, before the auction, firms may switch to green technology via a publicly observable costly investment. We show that investment acts...
Persistent link: https://www.econbiz.de/10012671868
We investigate in a horizontal product differentiation model with North-South trade the implications of a home bias in consumers' demand for labelled goods. We compare mutual recognition and international harmonisation of ecological labels with respect to firms' profits and welfare. Northern...
Persistent link: https://www.econbiz.de/10003346259