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The Energy Modeling Forum 28 (EMF28) study systematically explores the energy system transition required to meet the European goal of reducing greenhouse gas (GHG) emissions by 80% by 2050. The 80% scenario is compared to a reference case that aims to achieve a 40% GHG reduction target. The...
Persistent link: https://www.econbiz.de/10010251638
We analyze the price dynamics of European allowances and international carbon credits in the second phase of the European carbon market. We develop and use a model combining fundamental drivers associated with the demand for quotas by installations and risk-return considerations related to the...
Persistent link: https://www.econbiz.de/10010476203
We analyse variations of carbon emissions in the European cement industry from 1990 to 2011, at the European level (EU … effect. Using counterfactual scenarios, we estimate that the introduction of the EU ETS brought small but positive …
Persistent link: https://www.econbiz.de/10010404130
Standard simple-sum monetary aggregates, like M3, sum up monetary assets that are imperfect substitutes and provide different transaction and investment services. Divisia monetary aggregates, originated from Barnett (1980), are derived from economic aggregation and index number theory and aim to...
Persistent link: https://www.econbiz.de/10010423794
impacts than the extraction of conventional oil. The European Union (EU) estimates that oil sands lead to 22% more emissions … than conventional oil. The EU is very concerned by the potential climate and environmental impacts and has considered … unilateral ban of the EU on unconventional oil has no climate benefits and it is expensive for Europe. …
Persistent link: https://www.econbiz.de/10010459846
The present research has been developed within the EU FP7 VECTORS project (http://www.marine-vectors.eu/). The main … economic effect of future changes in the EU marine ecosystem in the medium term (2030). We focus on those changes potentially … following deterioration of marine ecosystem quality. Impacts on EU coastal countries Gross Domestic Product are negative and …
Persistent link: https://www.econbiz.de/10010493035
Putting a price on carbon is considered a crucial step for China's endeavor of harnessing the market forces to reduce its energy consumption and carbon emissions. Indeed, aligned with China's grand experiment with low-carbon provinces and low-carbon cities in six provinces and thirty-six cities,...
Persistent link: https://www.econbiz.de/10010493045
the EU, preventing the exploitation of the potential benefits of full market integration - (2) "Complementary policies" to …
Persistent link: https://www.econbiz.de/10010493892
The central pillar of European climate policy, the European Emissions Trading System (EU ETS), is currently under … political factors and regulatory uncertainty have played a key role in the price decline. As a consequence, any reform of the EU … Market Stability Reserve proposed by the EU Commission is unlikely to address the current problem of price uncertainty and …
Persistent link: https://www.econbiz.de/10010413627