Showing 1 - 10 of 137
The recent implementation of the EU Emissions Trading Scheme (EU ETS) in January 2005 created new financial risks for emitting firms. To deal with these risks, options are traded since October 2006. Because the EU ETS is a new market, the relevant underlying model for option pricing is still a...
Persistent link: https://www.econbiz.de/10014207974
Increasing the realism with respect to the representation of actors, decision-making, and institutions is critical to better understand the transition towards a low-carbon sustainable society since actors, decision-making, and institutions are the defining elements of transition pathways. In...
Persistent link: https://www.econbiz.de/10012947616
activities. Planning electricity access infrastructure and allocating resources efficiently requires a careful assessment of the …Globally about 800 million people live without electricity at home, over two thirds of which are in sub-Saharan Africa …-scale electrification planning studies have been based on top-down electricity demand targets. Yet, poorly representing the heterogeneity in …
Persistent link: https://www.econbiz.de/10013249088
The main drivers of transformation processes of electricity markets stem from climate policies and changing economic … electricity market by applying a techno-economic electricity market model for the period from 2005 to 2014. Similar changes may …
Persistent link: https://www.econbiz.de/10012865961
We compare a range of energy efficiency policies in a durable good market subject to both energy-use externalities and price-quality discrimination by a monopolist. We find that the social optimum can be achieved with differentiated subsidies. With ad valorem subsidies, the subsidization of the...
Persistent link: https://www.econbiz.de/10013023954
This paper evaluates the consequences of renewable energy policies on welfare, resource rents and energy costs in a world where carbon pricing is imperfect and the regulator seeks to limit emissions to a (cumulative) target. We use a global general equilibrium model with an intertemporal fossil...
Persistent link: https://www.econbiz.de/10014180771
This research provides a grasp of China’s energy needs and their implications for SSA countries in order to give a balanced and better understanding of its role on the continent. More specifically, the aim is to understand why and how China is involved in the SSA energy sector and what are the...
Persistent link: https://www.econbiz.de/10014111751
Accurate information about electricity generation and consumption is crucial to power system modelling. Several … example, annual electricity generation from wind and solar power in Germany differs by as much as 10%–20%, depending on who … provided, nor is it constant. The deviation is particularly worrying in Germany, where peak electricity demand might be …
Persistent link: https://www.econbiz.de/10013001395
the redistribution effects of two major electricity policies: support schemes for renewable energy sources, and CO2 … renewables support transfers wealth from producers to consumers, carbon pricing does the opposite. More specifically, we show … analytical model of electricity markets, and a calibrated numerical model of the Northwestern European integrated power system …
Persistent link: https://www.econbiz.de/10014162886
This paper empirically investigates the effects of environmental policy, institutions, political orientation, and lobbying on energy innovation and finds that they significantly affect the incentives to innovate and create cleaner energy efficient technologies. We conclude that political economy...
Persistent link: https://www.econbiz.de/10012991582