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incentives for emission mitigation across the value chain. If ex-ante or dynamic free allocation of emission allowances is used … share of mitigation opportunities cannot be realized. Combining dynamic allocation of allowances with a consumption charge … combination of dynamic allocation with Inclusion of Consumption in the EU ETS. …
Persistent link: https://www.econbiz.de/10011301832
Despite the reform of the European Emissions Trading System (EU ETS), discussions about complementing it with a carbon price floor (CPF) are ongoing. This paper analyzes the effect of a European CPF in the reformed EU ETS using a Hotelling model of the EU ETS, amended by the market stability...
Persistent link: https://www.econbiz.de/10012287864
This paper uses a discrete-time partial equilibrium model of the European Emissions Trading System (EU ETS) to analyze the impact of the recent reform on allowance prices. By including bounded rationality such as myopia or hedging requirements, we find that the Hotelling price path is no longer...
Persistent link: https://www.econbiz.de/10012314866
This paper uses a discrete-time partial equilibrium model of the European Emissions Trading System (EU ETS)to analyze the impact of the recent reform on allowance prices. By including bounded rationality such as myopia or hedging requirements, we find that the Hotelling price path is no longer...
Persistent link: https://www.econbiz.de/10012384103
To tackle structural supply-demand imbalances and to increase price stability in times of economic crises,policy makers reformed the European Union Emission Trading System (EU ETS) substantially in 2015 and 2018. As the COVID-19 pandemic led to an unforeseen contraction of the economy,it serves...
Persistent link: https://www.econbiz.de/10012619033
is no economic reason for free allowance allocation to the electricity sector, and thus validate the updated allocation …
Persistent link: https://www.econbiz.de/10010420725
is no economic reason for free allowance allocation to the electricity sector, and thus validate the updated allocation …
Persistent link: https://www.econbiz.de/10010412091
This paper uses a discrete-time partial equilibrium model of the European Emissions Trading System (EU ETS) to analyze the impact of the recent reform on allowance prices. By including bounded rationality such as myopia or hedging requirements, we find that the Hotelling price path is no longer...
Persistent link: https://www.econbiz.de/10012291879
This paper uses a discrete-time partial equilibrium model of the European Emissions Trading System (EU ETS)to analyze the impact of the recent reform on allowance prices. By including bounded rationality such as myopia or hedging requirements, we find that the Hotelling price path is no longer...
Persistent link: https://www.econbiz.de/10012164271
To tackle structural supply-demand imbalances and to increase price stability in times of economic crises,policy makers reformed the European Union Emission Trading System (EU ETS) substantially in 2015 and 2018. As the COVID-19 pandemic led to an unforeseen contraction of the economy,it serves...
Persistent link: https://www.econbiz.de/10012423443