Alternative mechanisms for EU ETS (European Union Emissions Trading Scheme) quota allocations within the Romanian economy were evaluated using a general equilibrium model within a dynamic intertemporal framework. Several distribution rules were simulated based on: the historical emissions, the...

This paper analyses potential supporting schemes for pumped hydro storage (PHS) facilities in Croatia, which would guarantee recovery of the investment cost, with feed-in tariffs – for instance – which would guarantee payment for discharging wind-originated power as a reward for boosting the...

This study analyses battery electric vehicles (BEVs) in the future German power system and makes projections of the BEVs hourly load profile by car size (‘mini’, ‘small’, ‘compact’ and ‘large’). By means of a power plant dispatching optimisation model, the study assesses the...

This study simulates a CO2 permit market in Romania using a dynamic general equilibrium model. The carbon constraint is set at 20.7% below the reference emissions level for sectors eligible according to the European Union Emission Trading Scheme (EU-ETS). Free permit distribution enhances growth...

This study investigates the economics of a wind power farm with a long-term market perspective, considering high shares of wind energy, constraints set on the energy variability, and the removal of support schemes such as feed-in tariffs. The contractual agreement with a compressed air energy...

This paper investigates the value of large scale applications of electricity storage in selected European power systems in the context of wind generation confronted with a grid bottleneck. It analyzes the market value to 2030 of two storage technologies, assuming the market situation projected...

We find that approximately a quarter of the world’s productive capital could be sensitive to climate; therefore, this capital faces the risk of accelerated obsolescence in a world warming by an average of 0.2 °C per decade. We examine the question of optimal adaptation to climate change in a...

The paper investigates a climate-economy model with an iso-elastic welfare function in which one parameter γ measures relative risk-aversion and a distinct parameter ρ measures resistance to intertemporal substitution.We show both theoretically and numerically that climate policy responds...