This report analyses the influence of the Cap and Trade (CaT) system and the electricity market in California along two main questions: How do CaT design features affect the environmental effectiveness of the system and the quality of the carbon price signal? How do electricity market design...

This report analyses the interaction of the European Emissions Trading System (EU ETS)and the German and Polish electricity markets along two main questions: How do EU ETS design features affect the environmental effectiveness of the system and the quality of the carbon price signal? How do...

In Deutschland wurden die Emissionsberechtigungen (EB, EUA) für die erste Handels-periode (HP 1) 2005-2007 vollständig gratis zugeteilt. In HP 2 (2008-2012) werden jährlich 40 Millionen Emissionsberechtigungen veräußert (§ 19 ZuG 2012). Nachdem die EB anfänglich durch die...

Implicit discount rates (IDRs) are employed in energy models to capture household investment decisions, yet the factors behind the IDR and their respective implications for policy-making usually remain blurred and fractional. The proposed comprehensive framework distinguishes three broad...