Showing 1 - 10 of 22
Persistent link: https://www.econbiz.de/10011950703
This paper examines the role of financial frictions on the trading of emission allowances. Based on a wide international sample of firms and data from the European Union Emission Trading System (the most liquid and developed in the world) we document that firms with liquidity needs are...
Persistent link: https://www.econbiz.de/10014030004
A broad consensus exists that carbon pricing is key for cost-effective emission reductions and that it must play a major role in driving the transition to a climate-neutral economy. However, despite significant progress in wider climate policy uptake in recent years, the vast majority of...
Persistent link: https://www.econbiz.de/10013187424
This article examines the consequences of alternative CO2 emission reduction strategies on economic development and, in particular, the implications for the poor by empirically implementing an economy-wide model for India over a 35-year time horizon. A multi-sectoral, inter-temporal model in the...
Persistent link: https://www.econbiz.de/10011136553
reducing carbon leakage of a unilateral European climate change policy. This is good news for the EU, but not necessarily for …-affected and more competitive EU in international markets. In fact, REDD regions would prefer to free ride on the EU unilateral …
Persistent link: https://www.econbiz.de/10010272374
In this paper we use the hybrid integrated model WITCH to quantify and analyze the investments and financial flows stimulated by a climate policy to stabilize Greenhouse Gases concentrations at 550ppm CO2-eq at the end of the century. We focus on investments to decarbonize the power sector and...
Persistent link: https://www.econbiz.de/10010272488
Im Februar 2009 trat die EU-Richtlinie zur Einbeziehung des internationalen Luftverkehrs in den EU-Emissionshandel mit … CO2-Zertifikaten (EU-ETS) in Kraft. Ab dem Jahre 2012 werden für praktisch alle in der EU startenden und landenden Flüge … EU-Emissionshandels (EU-ETS) für den Luftverkehr vor. Mit Hilfe dieses Modells werden aktuelle und zukunftsbezogene CO2 …
Persistent link: https://www.econbiz.de/10010377930
(EU ETS), i.e. in the world's first experience with allocating carbon allowances to sub-national entities. We discuss the … allocation process and on what are the global implications of the EU ETS. As has become obvious during the first allocation phase …
Persistent link: https://www.econbiz.de/10010312262
This paper provides an initial analysis of the EU ETS based on the installation-level data for verified emissions and …
Persistent link: https://www.econbiz.de/10010312471
The European Union Emission Trading System (EU ETS) is a landmark environmental policy, representing the world's first … participation and flexible abatement strategies make the EU ETS a powerful instrument of cross sectoral integration of environmental … governance. The EU ETS shows characteristics of the decision making processes and institutions engaged, the tools and instruments …
Persistent link: https://www.econbiz.de/10010312622