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Using emissions trading schemes to reduce heterogeneous distortionary taxes : the case of recycling carbon auction revenues to support renewable energy

Gavard, Claire; Voigt, Sebastian; Genty, Aurélien - 2018

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 …

Persistent link: https://www.econbiz.de/10011947203

Emissions Trading and the Polluter-Pays Principle : Do Polluters Pay under Grandfathering?

Woerdman, Edwin - 2013

Emissions trading is becoming increasingly popular in environmental law. Allowances to trade emissions can either be auctioned off or handed out free of charge by means of grandfathering. Although grandfathering is frequently used in emissions trading schemes, it is a popular view in the...

Persistent link: https://www.econbiz.de/10012710977

'Offsetting' Crisis? - Climate Change Cap and Trade Need Not Contribute to Another Financial Meltdown

Flatt, Victor Byers - 2012

In 2009, the promise of a comprehensive federal cap and trade bill to address climate change fell apart. At least in part, this was due to the fears that exotic 'carbon' financial instruments might cause more financial crises. As California launches it economy wide carbon trading system, and...

Persistent link: https://www.econbiz.de/10013107537

Developing a European carbon trading market: Will permit allocation distort competition and lead to state aid?

Woerdman, Edwin - 2001

The objective of this paper is to find out whether differences between the domestic permit allocation procedures of the Member States of the European Union (EU) will distort competition and lead to state aid in a European carbon trading market. This paper shows that it depends whether one takes...

Persistent link: https://www.econbiz.de/10011608813

Emissions Trading : Impact on Electricity Prices and Energy-Intensive Industries

Frondel, Manuel; Schmidt, Christoph M.; Vance, Colin - 2008

The EU-wide Emission Trading Scheme (ETS), established in 2005, is a key pillar of Europe's strategy to attain compliance with the Kyoto Protocol. Under this scheme, CO2 allowances have thus far been allocated largely free of charge. This paper demonstrates that such cost-free allocation,...

Persistent link: https://www.econbiz.de/10014212000

Carbon pricing in the EU : evaluation of different EU ETS reform options

Brink, Corjan; Vollebergh, Herman R. J.; Van der Werf, Edwin - 2015 - This version: November 24, 2015

adjusting the cap, an auction reserve price, and fixed and variable carbon taxes in addition to EU ETS. We use a dynamic … at the EU Member State level. We find that both a variable carbon tax and an auction reserve price support effective … with a variable tax, while they are worse off than other Member States under an auction reserve price. …

Persistent link: https://www.econbiz.de/10011392634

The Sustainability Impact of the EU Emissions Trading System on the European Industry

Bleischwitz, Raimund - 2008

This BEEP explains the mechanism of the EU Emissions Trading System (ETS) for the greenhouse gas carbon dioxide and explore into its likely sustainability impact on European industry. In doing so, it focuses on energy-intensive industries like cement, steel and aluminium production as well as on...

Persistent link: https://www.econbiz.de/10012724341

Links between European Emissions Trading and CDM Credits for Renewable Energy and Energy Efficiency Projects

Driesen, David M. - 2014

This paper asks whether the European Union's (EU) Emissions Trading Scheme has encouraged investment in renewable energy and energy efficiency projects in developing countries. So far, it has produced very little investment in either in spite of the EU's decision to allow credits for projects...

Persistent link: https://www.econbiz.de/10014059682

Do Renewable Energy Policies Reduce Carbon Emissions? On Caps and Inter-Industry Leakage

Jarke-Neuert, Johannes - 2017

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

Renewable Energy Policies Change Carbon Emissions Even Under Emissions Trading

Jarke-Neuert, Johannes - 2019

In this chapter we review research that rejects the widely held tenet that renewable energy promotion policies have no effect on carbon emissions if the electricity sector is subject to a cap-and-trade scheme. Specifically, it shows that such policies generally do have a net impact on carbon...

Persistent link: https://www.econbiz.de/10012894200