European Union (EU) Member States have in January 2023 agreed on ambitious long-term goals for the deployment of renewable energy in five European sea basins. The goals represent an overall ambition of approximately 111 GW of offshore wind energy capacity by 2030, which would rise to around 317...

European Union (EU) Member States have in January 2023 agreed on ambitious long-term goals for the deployment of renewable energy in five European sea basins. The goals represent an overall ambition of approximately 111 GW of offshore wind energy capacity by 2030, which would rise to around 317...

We formulate an analytic equilibrium model for simultaneously functioning electricity market an a market for Green Certificates. The major focus of the paper is the effect of market power in a Green Certificate system. One of the main results is that the certificate system faced with market...

Markets for environmental externalities are typically closely related to the markets causing such externalities, whereupon strategic interactions may result. Along these lines, the market for Green Certificates is strongly interwoven in the electricity market as the producers of green...

Recently, many countries have introduced systems of tradable green certificates (TGCs) in order to increase the proportion of their electricity supply obtained from renewable sources. The main objective of this paper is to investigate the analytics of a TGC system of the Nordic type when...