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pricing. A common policy measure against leakage is output-based allocation of emissions allowances, whose effectiveness could … analysis to derive optimal combinations of output-based allocation and consumption taxes for different assumptions on the … analytical finding is that output-based allocation and consumption taxes are complements rather than substitutes, i.e., the …
Persistent link: https://www.econbiz.de/10014528226
pricing. A common policy measure against leakage is output-based allocation of emissions allowances, whose effectiveness could … analysis to derive optimal combinations of output-based allocation and consumption taxes for different assumptions on the … analytical finding is that output-based allocation and consumption taxes are complements rather than substitutes, i.e., the …
Persistent link: https://www.econbiz.de/10014555714
three selected support schemes, namely: (1) free allocation under emissions trading systems such as the European Union … combination of a charge on carbon-intensive materials with free allocation; and (3) carbon contracts for differences (CCfDs) for … carbon leakage protection through free allocation is vulnerable to challenges under the ASCM. By contrast, a transition to a …
Persistent link: https://www.econbiz.de/10013225784
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
transnational institutions. Game theory has suggested that one possible answer to this form of dilemma is domestic action employing …
Persistent link: https://www.econbiz.de/10013307945
We analyze the price dynamics of European allowances and international carbon credits in the second phase of the European carbon market. We develop and use a model combining fundamental drivers associated with the demand for quotas by installations and risk-return considerations related to the...
Persistent link: https://www.econbiz.de/10010476203
For any emission trading system (ETS) with quantity-based endogenous supply of allowances, there exists a negative demand shock, e.g. induced by abatement policy, that increases aggregate supply and thus cumulative emissions. We prove this green paradox for a general model and then apply it to...
Persistent link: https://www.econbiz.de/10012105543
With the new rules of the EU ETS, involving cancellation of allowances, cumulative emissions are no longer fixed but depending on the market outcome. Perino (2018) showed that additional abatement effort can reduce cumulative emissions if it occurs within a few years. This article shows that...
Persistent link: https://www.econbiz.de/10012022186
of free allocation for power producing installations enables a difference-in-differences strategy. I find that the change … emitters. The analysis suggests that policy makers may use free allocation in the political bargaining process without …
Persistent link: https://www.econbiz.de/10012160829
under the EU ETS are independent from allowance allocations, leveraging a change in allocation policy for a difference …
Persistent link: https://www.econbiz.de/10012406224