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Persistent link: https://www.econbiz.de/10010709910
This paper analyses the potential of biomass-based electricity in the EU-27 countries, and interactions with climate … that biomass-based electricity remains profitable with high biomass prices, when the carbon price is high: a Euros 16 …
Persistent link: https://www.econbiz.de/10011122223
The purpose of this study is to use real options theory to answer the following question: Is it necessary, in France, to invest in new nuclear power units or should some of the existing units be decommissioned? The theoretical model developed establishes two price thresholds which determine...
Persistent link: https://www.econbiz.de/10010706628
. Against this background, we develop a model of the main sectors covered by the EU ETS: electricity, steel, cement, and …. Another relatively efficient policy is to combine auctioning in the electricity sector and output-based allocation in exposed … generation of the electricity consumed. Although output-based allocation is generally less effective than border adjustment to …
Persistent link: https://www.econbiz.de/10011074553
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Persistent link: https://www.econbiz.de/10011073121
The Stern Review constitutes today the most complete and didactic synthesis of the economics of climate change. Despite appearances, it is not, however, a simple reference manual. Its most attractive feature is the author’s commitment to action in the face of climactic risk. The report’s...
Persistent link: https://www.econbiz.de/10010706963
We investigate the relative efficiency of an agreement based on a uniform standard without transfers and one based on differentiated standards with transfers when strictly identical countries deal with transboundary pollution. We especially ask what role fixed cost plays. Two approaches are...
Persistent link: https://www.econbiz.de/10010707620
This article critically examines the EU ETS intertemporal market during its Phase I (2005-2007). We test the Hotelling rule as a key element of a competitive equilibrium to validate whether allowance prices rise at the same rate as the interest rate. Including readily observable characteristics...
Persistent link: https://www.econbiz.de/10011124182
Environmental challenges, and the potential solutions to address them, have a direct effect on living standards, the organization of economies, major infrastructures, and modes of urbanization. Since the publication of path-breaking contributions on the governance of environmental resources in...
Persistent link: https://www.econbiz.de/10011072016