Search Results - subject:"endogenous cap"

Project appraisal in the reformed EU ETS : looking for shortcuts

Johansson, Per-Olov - 2020

The European Union’s Emissions Trading System, EU ETS, has been reformed, shifting the system from a fixed-cap system into a system with an endogenous supply of permits. This paper discusses how to handle the scheme in project appraisal. The focus is on a few relatively straightforward...

Persistent link: https://www.econbiz.de/10012489287

The 2018 reform of EU ETS : consequences for Project Appraisal

Johansson, Per-Olov - 2020

. It considers both schemes with a fixed cap and schemes with an endogenous cap. The paper also derives a rule when the … project causes an induced intertemporal change in the supply of permits under an endogenous cap. An induced reduction in … differently from emissions occurring elsewhere even under an endogenous cap. A further novel result is that an endogenous cap …

Persistent link: https://www.econbiz.de/10012289359