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This literature review analyses the impacts of the EU ETS on competitiveness focussing on existing simulation studies … relevant literature. We find, however, that effects of the scheme on competitiveness are modest, even given the business as … regulation methods ETSs can have positive competitiveness effects. However, the EU ETS is not designed to boost Europe's economy …
Persistent link: https://www.econbiz.de/10014056810
Electricity Decentralization in the European Union: Towards Zero Carbon and Energy Transition, Second Edition, examines progress in decentralization across the European Union (EU), with each chapter focusing on developments and innovations in a specific country. Sections provide an overview of...
Persistent link: https://www.econbiz.de/10014347920
We examine convenience yields and risk premiums in the EU-wide CO<sub>2</sub> emissions trading scheme (EU-ETS) during the first Kyoto commitment period (2008-2012). We find that the market has changed from initial backwardation to contango with significantly negative convenience yields in futures...
Persistent link: https://www.econbiz.de/10012976976
Climate change is the biggest threat humankind is facing nowadays. More greenhouse gases (GHG) have been released into the atmosphere in the last 30 years than in the entire history of our planet, causing average temperatures to rise by about one degree Celsius thus far. If this continues, 50...
Persistent link: https://www.econbiz.de/10014082823
Water is critical not only to economic progress and sustainable development but most importantly, to human survival. Yet, the way water is valued suggests an inexhaustible supply, when the opposite is true. This paper examines if water rights in the Philippines are underpriced and looks at how...
Persistent link: https://www.econbiz.de/10014634583
Is there a case to be made for preferential treatment of the exposed sector in an economy when compliance to an aggregate emissions constraint induced by an international environmental agreement is mandatory? This question is being debated in many countries, including The Netherlands, in the...
Persistent link: https://www.econbiz.de/10011334353
In the past 15 years, incentive-based environmental policy instruments, such as pollution taxes and tradeable pollution permits, have become an important supplement to tradition command-and-control instruments in Europe and the U.S. This paper proposes a positive theory of environmental...
Persistent link: https://www.econbiz.de/10014123796
Policy makers and analysts are often faced with situations where it is unclear whether market-based instruments hold real promise of reducing costs, relative to conventional uniform standards. We develop analytic expressions that can be employed with modest amounts of information to estimate the...
Persistent link: https://www.econbiz.de/10014113284
Persistent link: https://www.econbiz.de/10001772480
There is a tendency among policy-makers and industry lobbyists toward "specific", "relative" or "output-based" quotas, i.e., freely distributed to firms proportionally to their output. With a stochastic analytical model, we demonstrate that relative quotas are dominated either by absolute quotas...
Persistent link: https://www.econbiz.de/10011591303