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The legal and economic case for an auction reserve price in the EU emissions trading system
Fischer, Carolyn; Reins, Leonie; Burtraw, Dallas; … - 2019 - Current Version: September 30, 2019
reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to … and legal arguments for and against an auction reserve price. Our economic analysis concludes that an auction reserve …
Persistent link: https://www.econbiz.de/10012119540
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The Legal and Economic Case for an Auction Reserve Price in the EU Emissions Trading System
Fischer, Carolyn - 2020
reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to … and legal arguments for and against an auction reserve price. Our economic analysis concludes that an auction reserve …
Persistent link: https://www.econbiz.de/10012847075
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Auctioning of CO2 Emission Allowances in Phase 3 of the EU Emissions Trading Scheme
Löschel, Andreas; Sturm, Bodo; Benz, Eva - 2014
in 2013, to be increased to 100 % by 2020. In this paper, we emphasize the importance of a properly chosen auction design … as the significantly higher auction share, compared to the past and current trading phase, is expected to yield a thin … secondary market for CO2 allowances. We elaborate main criteria that a viable auction design is supposed to fulfil and propose a …
Persistent link: https://www.econbiz.de/10014213068
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Implementing CDM limits in the EU ETS : a law and economics approach
Vasa, Alexander - 2010
The EU Emissions Trading Scheme (EU ETS) is the main instrument to reduce greenhouse gas emissions in Europe. Subject to a country specific limit, installations in the EU ETS can use EU allowances (EUA) and certified emissions reductions (CERs) generated through the Clean Development Mechanism...
Persistent link: https://www.econbiz.de/10009260266
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Implementing CDM Limits in the EU ETS : A Law and Economics Approach
Vasa, Alexander - 2014
The EU Emissions Trading Scheme (EU ETS) is the main instrument to reduce greenhouse gas emissions in Europe. Subject to a country specific limit, installations in the EU ETS can use EU allowances (EUA) and certified emissions reductions (CERs) generated through the Clean Development Mechanism...
Persistent link: https://www.econbiz.de/10014193356
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Emissions Trading : Impact on Electricity Prices and Energy-Intensive Industries
Frondel, Manuel; Schmidt, Christoph M.; Vance, Colin - 2008
The EU-wide Emission Trading Scheme (ETS), established in 2005, is a key pillar of Europe's strategy to attain compliance with the Kyoto Protocol. Under this scheme, CO2 allowances have thus far been allocated largely free of charge. This paper demonstrates that such cost-free allocation,...
Persistent link: https://www.econbiz.de/10014212000
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Carbon pricing in the EU : evaluation of different EU ETS reform options
Brink, Corjan; Vollebergh, Herman R. J.; Van der Werf, Edwin - 2015 - This version: November 24, 2015
adjusting the cap, an auction reserve price, and fixed and variable carbon taxes in addition to EU ETS. We use a dynamic … at the EU Member State level. We find that both a variable carbon tax and an auction reserve price support effective … with a variable tax, while they are worse off than other Member States under an auction reserve price. …
Persistent link: https://www.econbiz.de/10011392634
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The Sustainability Impact of the EU Emissions Trading System on the European Industry
Bleischwitz, Raimund - 2008
This BEEP explains the mechanism of the EU Emissions Trading System (ETS) for the greenhouse gas carbon dioxide and explore into its likely sustainability impact on European industry. In doing so, it focuses on energy-intensive industries like cement, steel and aluminium production as well as on...
Persistent link: https://www.econbiz.de/10012724341
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Links between European Emissions Trading and CDM Credits for Renewable Energy and Energy Efficiency Projects
Driesen, David M. - 2014
This paper asks whether the European Union's (EU) Emissions Trading Scheme has encouraged investment in renewable energy and energy efficiency projects in developing countries. So far, it has produced very little investment in either in spite of the EU's decision to allow credits for projects...
Persistent link: https://www.econbiz.de/10014059682
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Do Renewable Energy Policies Reduce Carbon Emissions? On Caps and Inter-Industry Leakage
Jarke-Neuert, Johannes - 2017
In a parsimonious two-sector general equilibrium model, we challenge the widely-held tenet that within a cap-and-trade system renewable energy policies have no effect on carbon emissions. If the cap does not capture all sectors, we demonstrate that variations of a renewable energy subsidy change...
Persistent link: https://www.econbiz.de/10012957146