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In this paper, we empirically investigate the causal nexus between economic growth (GDP), CO2 emissions (environmental …–Douglas production function. The empirical findings point to a bidirectional Granger causal linkage among GDP and pollution, GDP and … financial sector development, GDP and trade openness, financial sector development and trade openness, and trade openness and …
Persistent link: https://www.econbiz.de/10011881568
The main objective of this paper is to identify the causal relationship that exists between agricultural value added per worker and Gross Domestic Product per capita in Europe. More specifically, the role of agriculture in economic growth is examined with special emphasis to the differences and...
Persistent link: https://www.econbiz.de/10010509777
. The trends of energy efficiency, GDP per capita and GHG emission are shown for the observed countries. The European and … targets. In order to see the relationship between energy efficiency, GDP per capita and GHG emission, the correlation among … correlation between energy efficiency and GDP and GHG emission in both EU27 and Serbia. …
Persistent link: https://www.econbiz.de/10012522855
This paper empirically examines price formation in the European Union Emissions Trading Scheme (EU ETS). Our analysis shows that unexpected allocations of European Union Allowances (EUAs) lead to pronounced price reactions of the expected signs. Moreover, we find evidence that the adjustment of...
Persistent link: https://www.econbiz.de/10010299076
Die Förderung erneuerbarer Energien und der Emissionshandel sind wesentliche Elemente der europäischen und der nationalen Energie- und Klimapolitik. Einige Kritiker lehnen jedoch die gezielte Förderung erneuerbarer Energien ab, insbesondere mit dem Argument, sie sei im Zusammenhang mit dem...
Persistent link: https://www.econbiz.de/10011601969
Im Rahmen der integrierten Energie- und Klimapolitik sind auf europäischer Ebene in den letzten zwei Jahren wesentliche politische Ziele und Mechanismen zu deren Umsetzung beschlossen worden: Bis 2020 sollen in Europa die Treibhausgasemissionen um mindestens 20 Prozent gesenkt, die...
Persistent link: https://www.econbiz.de/10011602086
This paper describes the main features of a model developed for fore-casting economic developments, energy demand and greenhouse gas emissions in the EU area and Finland as well as for simulating the economic impacts of EU climate policy. Climate policy analysis necessitates a model of the whole...
Persistent link: https://www.econbiz.de/10010273082
This paper describes the main features of a model developed for fore-casting economic developments, energy demand and greenhouse gas emissions in the EU area and Finland as well as for simulating the economic impacts of EU climate policy. Climate policy analysis necessitates a model of the whole...
Persistent link: https://www.econbiz.de/10003788958
This paper empirically examines price formation in the European Union Emissions Trading Scheme (EU ETS). Our analysis shows that unexpected allocations of European Union Allowances (EUAs) lead to pronounced price reactions of the expected signs. Moreover, we find evidence that the adjustment of...
Persistent link: https://www.econbiz.de/10003875267
Most economic models struggle to incorporate biophysical relationships between materials, energy and emissions, in order to appropriately deal with biophysical constraints of supply (and possibly also demand). After the incorporation of biophysical constraints, some functions produced surprising...
Persistent link: https://www.econbiz.de/10011337041