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Pass-through of CO2 Emission Costs to Hourly Electricity Prices in Germany
Hintermann, Beat - CESifo - 2014
I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot … generation, and intersecting it with residual demand for fossil-based electricity for every hour. Determining the marginal … electricity prices by at least 84 %, with a central range of 98 %–104 % for different load periods. My results suggest that there …
Persistent link: https://www.econbiz.de/10010948833
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Market Power and Windfall Profits in Emission Permit Markets
Hintermann, Beat - CER-ETH Center of Economic Research, Department of … - 2009
Although market power in permit markets has been examined in some detail following the seminal work of Hahn (1984), the effect of free allocation on price manipulation with market power in both output and permit market has not specifically been addressed. I show that in this case, the threshold...
Persistent link: https://www.econbiz.de/10008500739
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Green Growth and Climate Change Policies in New Zealand
Bibbee, Alexandra - Economics Department, Organisation de Coopération et … - 2011
half the country’s greenhouse gas (GHG) emissions, though electricity consumption and private transport are growing sources … proportion of electricity generation is already renewable-based (mainly hydro), and no technology to significantly reduce methane …
Persistent link: https://www.econbiz.de/10009321198
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Synergy between pollution and carbon emissions control: Comparing China and the United States
Nam, Kyung-Min; Waugh, Caleb J.; Paltsev, Sergey; … - In: Energy Economics 46 (2014) C, pp. 186-201
We estimate the potential synergy between pollution and climate control in the U.S. and China, summarizing the results as emissions cross-elasticities of control. In both countries, ancillary carbon reductions resulting from SO2 and NOx control tend to rise with the increased stringency of...
Persistent link: https://www.econbiz.de/10011115885
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Market Power in Emission Permit Markets: Theory and Evidence
Hintermann, Beat - CESifo - 2013
manipulation by large electricity firms during Phase I of the EU ETS. I find that the pattern and extent of firms’ allowance …
Persistent link: https://www.econbiz.de/10010877762
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Keeping the Government Whole: The Impact of a Cap-and-Dividend Policy for Curbing Global Warming on Government Revenue and Expenditure
Boyce, James; Riddle, Matthew - Political Economy Research Institute (PERI), University … - 2008
When the United States puts a cap on carbon emissions as part of the effort to address the problem of global climate change, this will increase the prices of fossil fuels, significantly impacting not only consumers but also local, state, and federal governments. Consumers can be “made...
Persistent link: https://www.econbiz.de/10008500902
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Cap and Dividend: How to Curb Global Warming while Protecting the Incomes of American Families
Riddle, Matthew; Boyce, James - Political Economy Research Institute (PERI), University … - 2007
This essay examines the distributional effects of a “cap-and-dividend" policy for reducing carbon emission in the United States: a policy that auctions carbon permits and distributes the revenue to the public on an equal per capita basis. The aim of the policy is to reduce U.S. emissions of...
Persistent link: https://www.econbiz.de/10005027470
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CLEAR Economics: State-Level Impacts of the Carbon Limits and Energy for America’s Renewal Act on Family Incomes and Jobs
Boyce, James; Riddle, Matthew - Political Economy Research Institute (PERI), University … - 2010
Revised July 2011James K. Boyce and Matthew Riddle have updated earlier anlysis that examines the household-level impacts of a cap-and-dividend plan, and how they differ between states. In this paper, the authors not only consider the specific parameters of the 2010 CLEAR Act, but also add an...
Persistent link: https://www.econbiz.de/10011095207
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Towards Consistent and Effective Carbon Pricing in Germany?
Capozza, Ivana; Curtin, Joseph - Environment Directorate, Organisation de Coopération … - 2012
Germany committed itself to challenging greenhouse gas (GHG) emission reduction targets to 2020 and beyond. It has …-based instruments in Germany: energy taxes, vehicle taxes and the EU Emissions Trading System. It also reviews the use of feed …-in tariffs to promote electricity generation from renewable sources, with a focus on the implied GHG abatement costs and the …
Persistent link: https://www.econbiz.de/10011276637
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An Options Pricing Approach for CO2 Allowances in the EU ETS
Hintermann, Beat - CER-ETH Center of Economic Research, Department of … - 2009
If firms are unable to fully control their emissions, the cap in a permit market may be exceeded. Using stochastic aggregate emissions as the underlying I derive an options pricing formula that expresses the permit price as a function of the penalty for noncompliance and the probability of a...
Persistent link: https://www.econbiz.de/10008500734