The academic debate on climate policies often portrays Germany as one of the most successful cases. Despite its federal system of joint decision-making, most studies of German climate policy focus primarily upon activities at the national level while disregarding the heterogeneous economic...

We evaluate the contribution of technological change in reducing CO2 emissions in the Italian pulp and paper industry during the first and second phases of application of the European Union Emission Trading System (EU-ETS). We decompose the variation in emission and emission intensity into three...

Information on energy consumption and carbon dioxide (CO2) emissions from the iron and steel industry may become important to the assessment of energy saving and the design of emissions trading schemes. This paper focuses monitoring aspects, used two methods to calculate CO2 emission, the...

Emission trading is considered to be a cost-effective environmental economic instrument for pollution control. However, the policy design of an emission trading program has a decisive impact on its performance. Allowance allocation is one of the most important policy design issues in emission...

Australia managed to pass a national carbon pricing scheme into legislation in November 2011, which has come into effect from July 2012. The scheme includes elements of a CO2-equivalent tax as a short prelude to emission trading. Several fundamental problems remain unaddressed, including: the...

Energy and climate policies are usually seen as measures to internalize externalities. However, as a side effect, the introduction of these policies redistributes wealth between consumers and producers, and within these groups. While redistribution is seldom the focus of the academic literature...

Emission trading systems have been proposed in different regions to reduce polluting emissions and are in use in the European Union for carbon dioxide emissions. One of the objectives of these systems is to encourage firms to adopt advanced abatement technologies. However, permits also create an...

The European emissions trading scheme (EU ETS) is the centerpiece of Europe׳s climate policy. The system has been undermined variously by the weakness of its regulation, an undesirable overlap with other public policies and the far-reaching economic and financial crisis that caused the market...

The combination of bioenergy production and carbon capture and storage technologies (BECCS) provides an opportunity to create negative emissions of CO2 in biofuel production. However, high capture costs reduce profitability. This paper investigates carbon price uncertainty and technological...

This paper presents an analysis of climate policy instruments for the decarbonisation of the global electricity sector in a non-equilibrium economic and technology diffusion perspective. Energy markets are driven by innovation, path-dependent technology choices and diffusion. However,...