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This thesis studies the stochastic behavior of emission permit prices and its implications for related derivatives from a theoretical and an empirical perspective. It presents an equilibrium model for cap-and-trade systems, evaluates the empirical performance of reduced-form models for emission...
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Ausstoßes von Treibhausgasemissionen nachzukommen. Aus ökonomischer Sicht können der Emissionshandel und Steuern effiziente … Instrumente sein, um dieses Ziel mit möglichst geringen Kosten zu erreichen. Dabei ist der Emissionshandel grundsätzlich …
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across Europe …
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across Europe …
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The European Union's plan for climate neutrality by 2050 reopens the question of the role carbon pricing can and should play. Carbon pricing should not - and ultimately cannot - only be an enforcement tool or backstop that ensures targets are met, while the heavy-lifting of decarbonisation comes...
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Middle East and North Africa (MENA) gas exporters are facing long-term market and regulatory challenges in Europe. The … near three-year continuous decline in Europe’s gas demand since the beginning of the Ukraine crisis is a key challenge for … result in a significant shrinking of Europe’s gas market. MENA’s natural gas exporters to Europe, along with other gas …
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