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quantification of allocation-related investment distortions has been limited to back-of-the envelope calculations and stylized models … so far. We close this gap with a numerical model integrating both Germany's particular allocation rules and its specific …Despite political activities to foster a low-carbon energy transition, Germany currently sees a considerable number of …
Persistent link: https://www.econbiz.de/10011332205
This paper is the concluding chapter of Rights, Rents and Fairness: Allocation in the European Emissions Trading Scheme … lessons and general principles to be learnt from the allocation of allowances in the European Union Emission Trading Scheme … allocation process and on what are the global implications of the EU ETS. As has become obvious during the first allocation phase …
Persistent link: https://www.econbiz.de/10010312262
theoretical as well as the quantitative analysis, recommendations are derived for a better allocation of the reduction burden …
Persistent link: https://www.econbiz.de/10010273116
of economic efficiency and free allocation of allowances are incompatible with harmonized allocation rules. In general …
Persistent link: https://www.econbiz.de/10010297344
Implementation of an EU-wide emissions trading system by means of National Allocation Plans is at the core of European … interactive simulation model where users can specify the design of National Allocation Plans for each EU Member State and then … design of National Allocation Plans in order to avoid substantial excess costs of regulation and drastic burden shifting …
Persistent link: https://www.econbiz.de/10010297365
The objective of this paper is to find out whether differences between the domestic permit allocation procedures of the …
Persistent link: https://www.econbiz.de/10011608813
The framework of the Kyoto Protocol, an agreement for the world's rich countries to reduce their greenhouse gas emissions, is deeply flawed. This paper explains why. The Protocol lacks essential country coverage, provides an inadequate basis for allocating emission rights, lacks provision for...
Persistent link: https://www.econbiz.de/10011608814
Der Emissionshandel zeigt nur dann die erwünschte Wirkung, wenn das marktgerechte CO2-Preissignal zu Veränderungen beim …- und Energieträgerpreise sowie den Wirtschaftsstandort Deutschland und Europa insgesamt. … energy-carrier prices, and for Germany and Europe in general as industrial locations. …
Persistent link: https://www.econbiz.de/10010377789
allocation of permits which is based on past output or past emissions can lead to inefficient production decisions of firms … firms’ investment incentives, however. It is the purpose of the present article to study the impact of a cap and trade … mechanism on firms’ investment and production decisions and to analyze the optimal design of emission trading systems in such an …
Persistent link: https://www.econbiz.de/10010427613
role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …
Persistent link: https://www.econbiz.de/10010269571