The Regional Greenhouse Gas Initiative (RGGI) was passed by an original collection of 10 northeastern states and is the first cap-and-trade policy in the United States to specifically target carbon dioxide emissions from the electricity sector. We exploit the introduction of this policy and...

To gain institutional and technical know-how for a national carbon market, since 2013 China has experimented with eight regional carbon emission trading system (ETS) pilot programs. The prominence of these policy experiments and their unusual tradable performance standards (TPS) design have...

The paper at hand examines the power system costs when a coal tax or a fixed bonus for renewables is combined with CO2 emissions trading. It explicitly accounts for the interaction between the power and the gas market and identifies three cost effects: First, a tax and a subsidy both cause...

To decarbonize the power sector policy-makers need to commit to long-term credible rules for climate and energy policy. Otherwise, time-inconsistent policy-making will impair investments into low-carbon technologies. However, the future benefits and costs of decarbonization are subject to...

In creating a level playing field that facilitates the deployment of renewable energy technology (RET), the traditional energy policy regime based on eliminating RET's cost gaps versus fossil energy technology (FET) may be not sufficient. Building on an economic model of energy technology...

This study evaluates the progress of fossil-fuel subsidy reform in Ukraine since its launch in 2016 using the OECD “bottom-up”, inventory, approach. It also identifies major subsidy schemes that need significant reform. The report reflects the energy subsidy policies and reforms in Ukraine...