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Green preferences are often regarded as crucial factors in facilitating the energy transition. However, it is unclear if they can alone propel an economy towards achieving a net-zero emissions outcome. In this study, we expand the multi-agent integrated assessment model MATRIX by incorporating...
Persistent link: https://www.econbiz.de/10014548220
This paper explores the potential impacts of climate change and mitigation policies on the Euro Area, considering the uncertainty and heterogeneity in both climate and economic systems. Using the MATRIX model, a multi-sector and multi-agent macroeconomic model, we simulate various climate...
Persistent link: https://www.econbiz.de/10014305711
This paper contributes to the ongoing discussion on price formation in electricity markets. For this, we conduct an … analysis of the German electricity wholesale spot market which is located at the European Energy Exchange (EEX). Our dataset …
Persistent link: https://www.econbiz.de/10010305694
The mechanism behind price formation in electricity futures markets is still under discussion. Theory suggests that … discussion through an empirical investigation of electricity futures for delivery in Germany traded at the European Energy …
Persistent link: https://www.econbiz.de/10010305696
government launched an unprecedented marketization reform in 2015 to deregulate the electricity price. This paper examines the … impact of the electricity price deregulation in the industry level. We first construct two-stage dynamic game models by … with and without electricity regulation, and examine the changes in electricity price, electricity generation, coal price …
Persistent link: https://www.econbiz.de/10011957009
electricity generators. We analyse the effects of privatization and other changes in incentives on plant efficiency using a newly …
Persistent link: https://www.econbiz.de/10009354096
, petroleum products, natural gas, electricity and renewable power in China, and provides some analysis of these energy price …
Persistent link: https://www.econbiz.de/10011957010
provide evidence of the causal impact of this policy on firms' input choices and on total factor productivity on Italian … the productivity obtained from estimating the production function, does not provide valid inference. We rely instead on an … innovative structural approach. We find that the policy has a small negative effect on productivity that is heterogeneous across …
Persistent link: https://www.econbiz.de/10013470515
With the appearance of “wellbeing stagnation”, the Chinese government has gradually realized the negative impact of increasingly severe environmental problem on people’s wellbeing, and has then has formulated a series of environmental policies. Based on the balanced panel data from2014 to...
Persistent link: https://www.econbiz.de/10012819785
increase also has a modestly negative impact on employment (-2.6 percent) and very small impact on wages and productivity. The …
Persistent link: https://www.econbiz.de/10011816756