The creation of the EU ETS led to changes in the merit order of the different plants competing on the electricity grid, and in the fuel-switching opportunities in the UK. This country has the greatest potential for CO<SUB align="right"><SMALL>2</SMALL></SUB> emissions reduction through fuel-switching within the EU, thanks to its...</small></sub>

The creation of the EU ETS led to changes in the merit order of the different plants competing on the electricity grid, and in the fuel-switching opportunities in the UK. This country has the greatest potential for CO2 emissions reduction through fuel-switching within the EU, thanks to its...

Stemming from politically given market imperfections in a tradeable permits system, we develop a Stackelberg game model to describe how a large agent may exercise market power at the expense of a competitive fringe. In a dynamic framework with banking and borrowing, we explore how to restore the...