Market policies play a crucial role in facilitating the transition to a low-carbon society by restructuring the … of their intensity, combination, and timing. However, existing research lacks effective simulation tools that can … Carbon Transition (LCT) in the electricity sector. Using the Japanese electricity sector as a case study, we design various …

This paper examines the effects of combining an international cap-and-trade scheme with national carbon taxes. We … consider a two-country stochastic partial equilibrium model with log-normally distributed uncertainty. The situation is … analogous to the situation where European countries impose national carbon taxes in addition to the EU emissions trading. The …

expected reversion level and to estimate the parameters of the mean reversion process. -- risk ; carbon dioxide ; emissions …