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The paper at hand examines the power system costs when a coal tax or a fixed bonus for renewables is combined with CO2 emissions trading. It explicitly accounts for the interaction between the power and the gas market and identifies three cost effects: First, a tax and a subsidy both cause...
Persistent link: https://www.econbiz.de/10010415338
We analyze existing definitions of carbon leakage and propose a new rigorous one. This is then tested using computable general equilibrium analysis for unilateral carbon dioxide abatement programs in the European Union in 2020, adopted under the United Nations Framework Convention on Climate...
Persistent link: https://www.econbiz.de/10011575664
The parameterisation of energy and climate policies often depends on the technology, which is price-setting in electricity markets. We propose two simple approaches to determine marginal technologies in electricity wholesale from available data. Both approaches are complementary, computationally...
Persistent link: https://www.econbiz.de/10012055621
in the EU - there are good arguments that a duopoly (or oligopoly) market structure analysis is more useful to derive the …
Persistent link: https://www.econbiz.de/10014432608
Persistent link: https://www.econbiz.de/10010226784
We propose a novel method to find Nash equilibria in games with binary decision variables by including compensation payments and incentive-compatibility constraints from non-cooperative game theory directly into an optimization framework in lieu of using first order conditions of a...
Persistent link: https://www.econbiz.de/10010519870
We propose a novel method to find Nash equilibria in games with binary decision variables by including compensation payments and incentive-compatibility constraints from non-cooperative game theory directly into an optimization framework in lieu of using first order conditions of a...
Persistent link: https://www.econbiz.de/10012041125
Whether or not the federal government should price carbon continues to be debated. There were several scholarly pieces examining the relative advantages and disadvantages of cap and trade v. a carbon tax at the time of Congressional Debate on the American Clean Energy and Security Act in 2010....
Persistent link: https://www.econbiz.de/10012913514
Sustainable finance is simply the alignment of the financial system with principles of sustainability. Investments in climate change mitigation and reduction in greenhouse gases emisiions constitute the largest number of sustainable finance investments. A good number of countries have set up...
Persistent link: https://www.econbiz.de/10014238637
We assess the degree of connectedness among 16 metals that are critical for the production of clean energy technologies. These commodities are the constituents of the Energy Transition Metals (ETMs) price index maintained by the International Monetary Fund and comprise base, precious, and minor...
Persistent link: https://www.econbiz.de/10014347032