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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 … recycling option analysed here results in a GDP gain due to its impacts on the non-ETS sectors, the reduction of the electricity …
Persistent link: https://www.econbiz.de/10011947203
This paper proposes a fixed price auction mechanism to overcome asymmetric information problem considering firms with … heterogeneous emission abatement costs. When facing fixed price permit auction and emission trading market, firms will make trade … compare performances of fixed price auction scheme to pure price scheme and pure quantity scheme. Simulation results are …
Persistent link: https://www.econbiz.de/10012911396
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
We develop a model of optimal carbon taxation and redistribution taking into account horizontal equity concerns by considering heterogeneous energy efficiencies. By deriving first- and second-best rules for policy instruments including carbon taxes, transfers and energy subsidies, we then...
Persistent link: https://www.econbiz.de/10012485343
that a discriminatory auction design favoring low-wind-yield locations leads to a tradeoff between production costs and … auction levels intra-technology discrimination through the reference yield model leads to a reduction of consumer costs of …
Persistent link: https://www.econbiz.de/10013285813
Considering that the major part of greenhouse gases is carbon dioxide, there is a global concern aimed at reducing carbon emissions. Additionally, major consumer countries are looking for alternative sources of energy to avoid the impact of higher fossil fuel prices and political instability in...
Persistent link: https://www.econbiz.de/10010356799
desirable as it can relax contentious normative debates on equitable burden sharing. Lump-sum recycling of revenues from …
Persistent link: https://www.econbiz.de/10012515031
contentious normative debates on equitable burden sharing. Lump-sum recycling of revenues from emissions pricing, in equal amounts …
Persistent link: https://www.econbiz.de/10012520857
debates on equitable burden sharing. Lump-sum recycling of revenues from GHG pricing in equal amounts to every household …
Persistent link: https://www.econbiz.de/10013330711
Economic thought on climate policy as an instance of environmental regulation is strongly influenced by the principle of a uniform carbon price. Economists acknowledge that this principle breaks down in a second-best world with other distortions, such as taxes and market power in domestic and...
Persistent link: https://www.econbiz.de/10010343780