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This article, presenting a wide range of issues related to the role of Turkey in the new Mediterranean, aims to provide a comprehensive framework of understanding of the growing strategic relevance of Turkey for both the European Union and the overall Euro-Mediterranean region. In particular,...
Persistent link: https://www.econbiz.de/10013065349
This paper determines the convenience yield implied in the European natural gas markets and investigates driving factors and according dynamics. For this, we approximate the convenience yield via an option-based approach, in which the convenience yield is determined as the difference between two...
Persistent link: https://www.econbiz.de/10013065453
One of the lessons we have learned during our industrialization process is that the garbage we left behind would trip up someone else. In other words, it is not possible to smooth over cracks any more. The home owner has already surpassed her limits; tired and exhausted, but we are still getting...
Persistent link: https://www.econbiz.de/10013066209
Linking the European Union Emissions Trading Scheme (EU ETS) to the Clean Development Mechanism (CDM) indicates a recognition of credits generated under the CDM projects, Certified Emission Reductions (CERs), as equivalent to European allowances (EUAs). Therefore, CERs are expected to be fully...
Persistent link: https://www.econbiz.de/10013069161
This paper aims at highlighting the Commission's approach towards the relation between sector specific regulation and … relation between sector regulation and competition law. Our intention is to offer a basis for comparison and counterarguments … American- and open to third parties, system for access to facilities. Futhermore, we note that recent regulation - Third Energy …
Persistent link: https://www.econbiz.de/10013069619
barriers in energy market, while we highlight the major points concerning competition regulation, which are related to the … the interaction between European Competition Law and Energy Market Regulation …
Persistent link: https://www.econbiz.de/10013069699
We present a simple approach to transform a deterministic numerical model, where several agents simultaneously make decisions, into a stochastic model. This approach, which builds on scenario aggregation, a numerical method developed to solve decision problems under uncertainty, is used to build...
Persistent link: https://www.econbiz.de/10013072087
Europe is in need of massive infrastructure investments. Only in the energy sector, EUR 1.1 trillion will be needed by 2020 to finance an infrastructure able to match future demand for energy, to ensure security of supply and to comply with the decarbonisation targets. However, the EU...
Persistent link: https://www.econbiz.de/10013074674
by regulation. In this paper we offer an overview of the current electricity policy debate taking place in the UK, which … policies as well as poverty reduction issues. The paper analyses the possible consequences, in terms of reforms and regulation …
Persistent link: https://www.econbiz.de/10013000299
This paper theoretically and empirically revisits carbon pricing from the supply-side perspective for carbon assets to solve a recent low price issue, which may delay the development of emission reduction technologies in the sense of marginal abatement costs. We propose a carbon pricing model...
Persistent link: https://www.econbiz.de/10012964691