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Linking a cap-and-trade with an offset mechanism has many theoretical advantages: it reduces compliance costs, extends … the price signal outside the cap-and-trade, and triggers technology transfer. However, it is feared that such linking will …
Persistent link: https://www.econbiz.de/10011072878
Because of a link between the EU ETS and the Kyoto Flexible Mechanisms, the emission certificates traded on these markets are in principle interchangeable assets; despite of this, a persistent price difference exists. We explain this price spread using a theoretical model that combines three...
Persistent link: https://www.econbiz.de/10011436163
regulation at the company level, this paper assesses the efficiency and competitiveness implications of linking the EU Emissions … contemplating the set up of domestic ETS with the intention of linking up to the European scheme. While a stylized partial … equilibrium approach shows that the aggregate welfare impacts of linking the EU ETS are rather limited. We further find that the …
Persistent link: https://www.econbiz.de/10010297918
Aim: This paper aims to evaluate the legal barriers and policy obstacles to linking the European Union Emissions … the respective legal frameworks, ETS regulations, past linking agreements and relevant case law. Secondary sources include … barriers. Originality / value of the article: To date, no linking has taken place between emissions trading systems from …
Persistent link: https://www.econbiz.de/10012427320
Persistent link: https://www.econbiz.de/10012138281
regulation at the company level, this paper assesses the efficiency and competitiveness implications of linking the EU Emissions … contemplating the set up of domestic ETS with the intention of linking up to the European scheme. While a stylized partial … equilibrium approach shows that the aggregate welfare impacts of linking the EU ETS are rather limited. We further find that the …
Persistent link: https://www.econbiz.de/10005097789
This study analyses how linking emissions trading systems affects the economical aspects of climate policy at both … and emissions targets. In addition we examine how linking affects the structure of emissions trading systems and decision …-making. To analyse specific effects, we formulate a partial-equilibrium model to depict linking. With given assumptions, cost …
Persistent link: https://www.econbiz.de/10009021994
Persistent link: https://www.econbiz.de/10009731478
Persistent link: https://www.econbiz.de/10011741839
Persistent link: https://www.econbiz.de/10011978260