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This paper proposes and analyzes a stationary equilibrium model for a competitive industry which endogenously determines the carbon price necessary to achieve a given emission target. In the model, firms are identified by their level of technology and make production, entry, and abatement...
Persistent link: https://www.econbiz.de/10014494914
We develop and discuss the three pathways to European Greenhouse Gas Emissions Trading: a top-down scheme based on the Kyoto Protocol of the UNFCCC, a bottom-up scheme linking national trading systems of EU Member States, and an EU-wide regional scheme based on the founding principles of the...
Persistent link: https://www.econbiz.de/10011335756
In 2005, an EU-wide emissions trading scheme covering major CO2 producing sites shall come into power. The key objective of the trading scheme is to promote cost-efficiency of carbon reduction within the EU. We identify policy-relevant tradeoffs between overall efficiency, compensation and...
Persistent link: https://www.econbiz.de/10011422110
Persistent link: https://www.econbiz.de/10011435100
After the climate conferences in Copenhagen and Cancun, it is likely that the EU remains more ambitious regarding greenhouse gas reduction targets than other countries. The possible problem of carbon leakage and instruments to tackle it therefore remains an important issue in the European...
Persistent link: https://www.econbiz.de/10011435341
An integrated assessment model is used to simulate the introduction of various emissions trading schemes based on the Kyoto protocol on the reduction of greenhouse emissions. The implications of the various systems in terms of income distribution are illustrated, and it is claimed that the issue...
Persistent link: https://www.econbiz.de/10011608521
Vorgaben allein wohl kaum erreichen lassen - dazu sind die politischen Widerstände in Ländern wie den USA oder China zu groß … Einbußen. China will einem Klimaabkommen allenfalls dann beitreten, wenn sich zuvor die USA zu einem solchen Schritt … Emissionsländer - auch die USA und China - einschließt, lässt sich wohl nur erreichen, wenn neben festen Vorgaben zur Reduktion der …
Persistent link: https://www.econbiz.de/10011601776
Global impact assessment of unilateral climate policies is commonly based on multi-sector, multi-region computable general equilibrium (CGE) models that are calibrated to consistent accounts of production, consumption, and bilateral trade flows. However, global economic databases such as GTAP...
Persistent link: https://www.econbiz.de/10010310857
This paper examines the management practices of German firms with obligations under the EU Emissions Trading Scheme (EU ETS) based on six structured in-depth interviews with managers of firms from different industries and based on survey data. The paper sheds light on management and trading...
Persistent link: https://www.econbiz.de/10010310892
We analyze non-cooperative international climate policy in a setting of political competition by national interest groups. In the first stage, countries decide whether to set up an international emission permits market, which only forms if it is supported by all countries. In the second stage,...
Persistent link: https://www.econbiz.de/10010316075