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Redistribution Effects of Energy and Climate Policy : The Electricity Market
Hirth, Lion; Ueckerdt, Falko - 2015
policies redistribute wealth between consumers and producers, and within these groups. While redistribution is seldom the focus … the redistribution effects of two major electricity policies: support schemes for renewable energy sources, and CO2 … pricing. We find that the redistribution effects of both policies are large, and they work in opposed directions: while …
Persistent link: https://www.econbiz.de/10014162886
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Integrated Assessment of Climate Catastrophes with Endogenous Uncertainty : Does the Risk of Ice Sheet Collapse Justify Precautionary Mitigation?
Diaz, Delavane - 2015
Greenhouse gas policies confront the trade-off between the costs of reducing emissions and the benefits of avoided climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter, and one that has not yet been well incorporated into...
Persistent link: https://www.econbiz.de/10013019654
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Interaction of European Carbon Trading and Energy Prices
Bunn, Derek W. - 2014
This paper addresses the economic impact of the EU Emission Trading Scheme for carbon on wholesale electricity and gas prices. Specifically, we analyse the mutual relationships between electricity, gas and carbon prices in the daily spot markets in the United Kingdom. Using a structural...
Persistent link: https://www.econbiz.de/10012709412
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Can Climate Change Mitigation Policy Benefit the Israeli Economy? A Computable General Equilibrium Analysis
Palatnik, Ruslana Rachel; Shechter, Mordechai - 2008
The growing attention to global warming due to greenhouse gas (GHG) emissions in the process of fossil fuel-based energy production is expressed in the Kyoto Protocol, which prescribes, on average, a 7 percent reduction in GHG emissions for developed countries. Although Israel was not included...
Persistent link: https://www.econbiz.de/10014220811
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Combining Climate and Energy Policies : Synergies or Antagonism? Modeling Interactions with Energy Efficiency Instruments
Lecuyer, Oskar - 2015
In addition to the already present Climate and Energy package, the European Union (EU) plans to include a binding target to reduce energy consumption. We analyze the rationales the EU invokes to justify such an overlapping and develop a minimal common framework to study interactions arising from...
Persistent link: https://www.econbiz.de/10013037288
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The Optimal Energy Mix in Power Generation and the Contribution from Natural Gas in Reducing Carbon Emissions to 2030 and Beyond
Carraro, Carlo - 2014
This paper analyzes a set of new scenarios for energy markets in Europe to evaluate the consistency of economic incentives and climate objectives. It focuses in particular on the role of natural gas across a range of climate policy scenarios (including the Copenhagen Pledges and the EU Roadmap)...
Persistent link: https://www.econbiz.de/10013062513
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Policy Surveillance in the G-20 Fossil Fuel Subsidies Agreement : Lessons for Climate Policy
Aldy, Joseph E. - 2016
Inadequate policy surveillance has undermined the effectiveness of multilateral climate agreements. To illustrate an alternative approach to transparency, I evaluate policy surveillance under the 2009 G-20 fossil fuel subsidies agreement. The Leaders of the Group of 20 nations tasked their...
Persistent link: https://www.econbiz.de/10013001477
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Spot, Bilateral and Futures Trading in Electricity Markets - Implications for Stability
termini, Valeria; Cavallo, Laura - 2012
The design of wholesale electricity markets in the transition towards liberalization presents significant differences from country to country. Some spot markets have imposed the concentration of transactions to ensure market liquidity. Other markets are based on bilateral trading. The debate...
Persistent link: https://www.econbiz.de/10014052535
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The Role of Carbon Capture and Storage Electricity in Attaining 1.5 and 2°C
Vinca, Adriano - 2017
The climate targets defined under the Paris agreement of limiting global temperature increase below 1.5 or 2°C require massive deployment of low-carbon options in the energy mix, which is currently dominated by fossil fuels. Scenarios suggest that Carbon Capture and Storage (CCS) might play a...
Persistent link: https://www.econbiz.de/10012941139
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Towards a European Energy Union. The Need to Focus on Security of Energy Supply
Tagliapietra, Simone - 2014
Energy has been at the core of the EU integration since its inception. However, following the path of a shooting star, the key role of energy gradually declined over time, to the level of being basically left out from the Treaties, at least up to Lisbon. The EU has struggled to circumnavigate...
Persistent link: https://www.econbiz.de/10013044207