Because of economic growth and a strong increase in global energy demand the demand for fossil fuels and therefore also greenhouse gas emissions are increasing, although climate policy should lead to the opposite effect. The coal market is of special relevance as coal is available in many countries and often the first choice to meet energy demand. In this paper we assess possible interactions between ...
48 (2012), S. 274-283
| Clemens Haftendorn, Claudia Kemfert, Franziska Holz
This paper summarizes the approaches to and the implications of bottom-up infrastructure modeling in the framework of the EMF28 model comparison "Europe 2050: The Effects of Technology Choices on EU Climate Policy". It includes models covering all the sectors currently under scrutiny by the European Infrastructure Priorities: Electricity, natural gas, and CO2. Results suggest that some infrastructure ...
Climate Change Economics
4 (2013), 1, 26 S.
| Franziska Holz, Christian von Hirschhausen
Mark C. Thurber, Richard K. Morse (Eds.) ,
The Global Coal Market : Supplying the Major Fuel for Emerging Economies
Cambridge: Cambridge Univ. Press
| Franziska Holz, Clemens Haftendorn, Roman Mendelevitch, Christian von Hirschhausen
We present an energy market equilibrium model that captures climate aspects, infrastructure constraints, fuel substitution, and market power ala Cournot in a single framework. The model represents the supply and transportation infrastructure, fuel transformation, power generation, and several demand sectors of fossil fuels, renewables and nuclear energy. We calibrate the model to market data from the ...
9th International Conference on the European Energy Market
| Ruud Egging, Daniel Huppmann
The existence of some 2 billion unused EU Allowances (EUAs) at the end of Phase II of the EU's Emissions Trading System (EU ETS) has sparked considerable debate about structural shortcomings of the EU ETS. At the same time, there has been a surprising lack of interest in one possible explanation of this accumulation of EUAs: the theory of intertemporal permit trading, i.e. allowance banking. In this ...
(EUI Working Papers: RSCAS ; 2015/29)
| Denny Ellerman, Vanessa Valero, Aleksandar Zaklan
The creation of the EU's Emission Trading Scheme (EU ETS) has turned the right to emit CO2 into a positively priced intermediate good for the affected firms. Firms thus face the decision whether to source compliance with the EU ETS within their boundaries or to acquire it through the permit trade. However, a combination of internal abatement, free permit allocation and flexibility to shift the use ...
(EUI Working Papers: RSCAS ; 2013/19)
| Aleksandar Zaklan
The GAMS codes and all data for the binary-equilibrium model presented in Chapter 4 and the Appendix of DIW Discussion Paper 1475 are published under a Creative Commons Attribution 4.0 International License and are available for download at github. The repository also includes an application of this method to a natural gas market investment and production game to illustrate how the binary equilibrium ...