After Bonn and Marrakech it is likely that emission trading will be realized in the near future. Major influences on the permit market are the institutional details, the participation structure and the treatment of hot air. Different scenarios do not only differ in their implications for the...

The European emissions trading scheme (EU-ETS) for CO2 is the largest existing emissions trading scheme in the world. The main reason for the implementation of this scheme is to reach the European Kyoto targets at minimal cost and to establish a price for emissions. The right to emit CO2...

The policy instruments for emissions reductions will be an integral part of a Post Kyoto Climate Regime. In this paper we compare a harmonized international carbon tax to a cap and trade system with different allocation rules for the emission caps. The caps are based either on the requirement...

Lange Zeit favorisierte das Bundesministerium für Wirtschaft und Energie eine zusätzliche Klimaabgabe für alte Kohlekraftwerke zur Erreichung der deutschen Klimaziele. Mit dem Kompromiss vom 1. Juli scheint dieser Vorschlag jetzt vom Tisch zu sein. Sind die Alternativvorschläge zur...

Bei den deutschen Treibhausgasemissionen außerhalb des Europäischen Emissionshandelssystems (EU ETS) verlaufen Reduktionen schleppend, obwohl eine Vielzahl von Instrumenten und erhebliche finanzielle Mittel zur Anwendung kommen. Die Autoren empfehlen daher dem deutschen Klimakabinett,...

Linking the EU and Chinese Emission Trading Systems (ETS) increases the cost-efficiency of reaching greenhouse gas mitigation targets, but both partners will benefit - if at all - to different degrees. Using the global computable-general equilibrium (CGE) model DART Kiel, we evaluate the effects...

In the next years several power plants throughout Europe have to be replaced and the questions is whether to build coal fired power plants with carbon capture and storage (CCS). In a study for the city of Kiel in northern Germany only a 800 MW coal power plant reaches a required minimum...

To show global leadership and to foster the international negotiations for a long term international climate regime the EU has decided to reduce its GHG emissions by 20% relative to 1990 until the year 2020. These reductions will even rise to 30% if there is an international agreement committing...