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Environmental policies may have important consequences for firms' competitiveness or profitability. However, the empirical literature shows that hardly any statistically significant effects on firms can be detected for the European Union Emissions Trading Scheme (EU ETS). On the basis of...
Persistent link: https://www.econbiz.de/10011539050
emissions evels and employed technology. We present a model that shows that behavior of firms under quantity regulation can … trading scheme and show that "adjoining" markets to quantity regulation, supplying goods (i.e. abatement technology) or … the design of environmental regulation, when considering transaction costs. -- Quantity Regulation ; Transaction Costs …
Persistent link: https://www.econbiz.de/10009159878
This paper deals with designing emissions trading in practice. After a short introduction to the general idea of emissions trading, practical requirements for the introduction of an emissions trading scheme are considered, including the temporal and spatial dimension as well as administrative...
Persistent link: https://www.econbiz.de/10009509684
I investigate the impact of the European Union Emissions Trading Scheme (EU ETS) on fuel efficiency of fossil fuel power plants using administrative micro data on power plants in Germany from 2003 to 2012. I find positive efficiency effects in fuel use, leading to a decrease in fuel input of 0.4...
Persistent link: https://www.econbiz.de/10011790490
We study how European climate and energy policy targets affect different member states and households of different income quintiles within the member states. We find that renewable energy targets in power generation, by reducing EU ETS permit prices, may make net permit exporters worse off and...
Persistent link: https://www.econbiz.de/10011444241
We investigate the effect of the European Union Emissions Trading System (EU ETS) on the economic performance of manufacturing firms in Germany. Our difference-in-differences framework relies on several parametric conditioning strategies and nearest neighbor matching. As a measure of economic...
Persistent link: https://www.econbiz.de/10011574888
Development Mechanism (CDM) will potentially play an important role for cost containment in domestic greenhouse gas regulation … USA, Canada, Japan, Australia and New Zealand install domestic greenhouse gas regulation schemes to achieve the emissions …
Persistent link: https://www.econbiz.de/10009159868
We find an asymmetric pass-through of European Emission Allowance (EUA) prices to wholesale electricity prices in Germany and show that this asymmetry has disappeared in response to a report on investigations by the competition authority. The asymmetric pricing pattern, however, was not detected...
Persistent link: https://www.econbiz.de/10009784017
We analyse a principal-agent relationship in the context of international climate policy. Principals in two countries first decide whether to merge domestic emission permit markets to an international market, then delegate the domestic permit supply to an agent. We find that principals select...
Persistent link: https://www.econbiz.de/10011685155
This paper examines the role of intermediaries in quantity regulation theoretically and presents a data application to …
Persistent link: https://www.econbiz.de/10009658055