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The legal and economic case for an auction reserve price in the EU emissions trading system
Fischer, Carolyn; Reins, Leonie; Burtraw, Dallas; … - 2019 - Current Version: September 30, 2019
reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to … and legal arguments for and against an auction reserve price. Our economic analysis concludes that an auction reserve …
Persistent link: https://www.econbiz.de/10012119540
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Auctioning of CO2 Emission Allowances in Phase 3 of the EU Emissions Trading Scheme
Löschel, Andreas; Sturm, Bodo; Benz, Eva - 2014
in 2013, to be increased to 100 % by 2020. In this paper, we emphasize the importance of a properly chosen auction design … as the significantly higher auction share, compared to the past and current trading phase, is expected to yield a thin … secondary market for CO2 allowances. We elaborate main criteria that a viable auction design is supposed to fulfil and propose a …
Persistent link: https://www.econbiz.de/10014213068
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Using Emissions Trading Schemes to Reduce Heterogeneous Distortionary Taxes : the Case of Recycling Carbon Auction Revenues to Support Renewable Energy
Gavard, Claire - 2019
disaggregation of European sectors, we find that using auction revenues from the Emissions Trading Scheme (ETS) to support … energy and ETS price increase, the combination of these exemptions and of the use of carbon auction revenues to support …
Persistent link: https://www.econbiz.de/10012895793
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Using emissions trading schemes to reduce heterogeneous distortionary taxes : the case of recycling carbon auction revenues to support renewable energy
Gavard, Claire; Voigt, Sebastian; Genty, Aurélien - 2018
disaggregation of European sectors, we find that using auction revenues from the Emissions Trading Scheme (ETS) to support … energy and ETS price increase, the combination of these exemptions and of the use of carbon auction revenues to support …
Persistent link: https://www.econbiz.de/10011947203
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Emissions Trading : Impact on Electricity Prices and Energy-Intensive Industries
Frondel, Manuel; Schmidt, Christoph M.; Vance, Colin - 2008
The EU-wide Emission Trading Scheme (ETS), established in 2005, is a key pillar of Europe's strategy to attain compliance with the Kyoto Protocol. Under this scheme, CO2 allowances have thus far been allocated largely free of charge. This paper demonstrates that such cost-free allocation,...
Persistent link: https://www.econbiz.de/10014212000
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Carbon pricing in the EU : evaluation of different EU ETS reform options
Brink, Corjan; Vollebergh, Herman R. J.; Van der Werf, Edwin - 2015 - This version: November 24, 2015
adjusting the cap, an auction reserve price, and fixed and variable carbon taxes in addition to EU ETS. We use a dynamic … at the EU Member State level. We find that both a variable carbon tax and an auction reserve price support effective … with a variable tax, while they are worse off than other Member States under an auction reserve price. …
Persistent link: https://www.econbiz.de/10011392634
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Links between European Emissions Trading and CDM Credits for Renewable Energy and Energy Efficiency Projects
Driesen, David M. - 2014
This paper asks whether the European Union's (EU) Emissions Trading Scheme has encouraged investment in renewable energy and energy efficiency projects in developing countries. So far, it has produced very little investment in either in spite of the EU's decision to allow credits for projects...
Persistent link: https://www.econbiz.de/10014059682
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Do Renewable Energy Policies Reduce Carbon Emissions? On Caps and Inter-Industry Leakage
Jarke-Neuert, Johannes - 2017
In a parsimonious two-sector general equilibrium model, we challenge the widely-held tenet that within a cap-and-trade system renewable energy policies have no effect on carbon emissions. If the cap does not capture all sectors, we demonstrate that variations of a renewable energy subsidy change...
Persistent link: https://www.econbiz.de/10012957146
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Renewable Energy Policies Change Carbon Emissions Even Under Emissions Trading
Jarke-Neuert, Johannes - 2019
In this chapter we review research that rejects the widely held tenet that renewable energy promotion policies have no effect on carbon emissions if the electricity sector is subject to a cap-and-trade scheme. Specifically, it shows that such policies generally do have a net impact on carbon...
Persistent link: https://www.econbiz.de/10012894200
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Combating Global Climate Change : Why a Carbon Tax is a Better Response to Global Warming than Cap and Trade
Avi-Yonah, Reuven S.; Uhlmann, David M. - 2013
Congress is likely to consider domestic climate change legislation during 2009, with a cap-and-trade system continuing to draw support from the Obama Administration and many leaders in Congress. Yet cap-and-trade regulations would take years for EPA to develop and implement, the desired price...
Persistent link: https://www.econbiz.de/10014210965