The paper first argues that the Directive for EU-wide greenhouse gas emission trading still carries a number of weaknesses, such as: <list> <list-item> • still no clear link with other climate policies in the Member States; </list-item> <list-item> • the subsidiarity with regard to the allocation of allowances may distort intra-EU...</list-item></list>

This article surveys recent studies on costs, potential barriers to implementation and marketability of Carbon Dioxide Capture and Storage (CCS). Moreover, it discusses potential incentive schemes to push CCS into the market and, finally, provides an overview over cost types and forecasting...

In this paper we analyze interactions of two energy policy instruments, namely a White Certificates (WhC) scheme as an innovative policy instrument for energy efficiency improvement and energy taxation. These policy instruments differ in terms of objectives and final impacts on the price of...

Using German district data we estimate the structural parameters of a new economic geography model as developed by Helpman (1998) and Hanson (1998, 2001a). The advantage of the Helpman-Hanson model is that it incorporates the fact that agglomeration of economic activity increases the prices of...

In the European Union, energy markets are increasingly being liberalized. A case in point is the European natural gas industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher welfare. This paper indicates that this might not happen...