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The Role of Environmental and Technology Policies in the Transition to a Low-Carbon Energy Industry
Heinzel, Christoph; Winkler, Ralph - 2014
a non-distortionary investment subsidy …
Persistent link: https://www.econbiz.de/10014225509
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Power Sector Emissions under Tightening Carbon Dioxide Quotas
Roach, Travis; Gittings, R. Kaj - 2021
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...
Persistent link: https://www.econbiz.de/10013249977
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Evaluating Power Sector Emissions under China's Regional Carbon ETS Pilots : A View from Space
Chen, Ruoyu - 2021
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...
Persistent link: https://www.econbiz.de/10013321536
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CO2 abatement policies in the power sector under an oligopolistic gas market
Hecking, Harald - 2014
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...
Persistent link: https://www.econbiz.de/10010415338
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On the time-dependency of MAC curves and its implications for the EU ETS
Hintermayer, Martin; Schmidt, Lukas; Zinke, Jonas - 2020
enlarging investment opportunities. With convex MAC curves, marginal abatement costs in the EU ETS increase over time, which …
Persistent link: https://www.econbiz.de/10012423177
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Taxation of carbon emissions with social and private discount rates
Mier, Mathias; Adelowo, Jacqueline - 2022
Energy system and power market models refrain from distinguishing between private and social discount rates. We devise a strategy to account for diverging private and social discount rates in intertemporal optimization frameworks, resulting in an optimal carbon tax above the marginal damage when...
Persistent link: https://www.econbiz.de/10013329795
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Complementary taxation of carbon emissions and local air pollution
Mier, Mathias; Adelowo, Jacqueline; Weissbart, Christoph - 2022
Current decarbonization policies neglect damages from local air pollutants. We analyze the trade-off between complementary taxation of carbon emissions and local air pollution. We quantify results for the European power market until 2050. Taxing only air pollution results in social cost of 5,890...
Persistent link: https://www.econbiz.de/10013329808
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Do carbon offsets offset carbon?
Calel, Raphael; Colmer, Jonathan; Dechezleprêtre, Antoine - 2021
We develop and implement a new method for identifying wasted subsidies, and use it to provide systematic evidence on the misallocation of carbon offsets in the Clean Development Mechanism - the world's largest carbon offset program. Using newly constructed data on the locations and...
Persistent link: https://www.econbiz.de/10012650589
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An Investment Optimization Model for the Firms Pursuing Energy Saving and Carbon Emission Reduction Technology
Liu, Yang - 2015
This paper employs real option analysis to evaluate the investment project to adopt energy saving and carbon emission … government support in the investment decision. That is, government support lies in two major directions to encourage the adoption … the green technology, and to increase the risk-free return rate. The candidate measures to lower the investment threshold …
Persistent link: https://www.econbiz.de/10013011427
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Carbon pricing under binding political constraints
Jenkins, Jesse D.; Karplus, Valerie J. - Joint Institute for Strategic Energy Analysis - 2016
The economic prescription for climate change is clear: price carbon dioxide (CO2) and other greenhouse gas emissions to internalize climate damages. In practice, a variety of political economy constraints prevent the introduction of a carbon price equal to the full social cost of emissions. This...
Persistent link: https://www.econbiz.de/10011456178