Emissions trading schemes on entity level are becoming more and more important in the context of controlling greenhouse gases. The directive on a Europe-wide trading scheme is a prime example. Prior to the start of such a scheme, a number of design features have to be agreed upon. Regarding the...

Power production from renewable energies is supported through special support schemes in almost all industrialised countries. This is because they are generally not competitive today although their use offers a number of benefits that are not considered by energy markets. These support schemes...