This paper explores the ability of European refineries to pass-through costs associated with the introduction of the EU … Emissions Trading Scheme (EU ETS). We estimated a sequence of vector error correction models (VECM) within a multi …-national setting which covers 14 EU member states. Using weekly data at the country level, this paper finds a significant influence of …

cost pass-through is by far the prevailing behaviour of German energy-intensive sectors participating in the EU Emissions … induced by the EU ETS are therefore likely to be absorbed through a reduction of profit margin, creating incentives to … Outputpreise an die Inputpreisveränderungen), welche am EU-Emissionshandel (EU EHS) teilnehmen. Die Analyse ist so umfassend wie …