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Monographien

Evaluierung und Weiterentwicklung des EU-Emissionshandels aus ökonomischer Perspektive für die Zeit nach 2020 (EU-ETS-7): Abschlussbericht

Das 2003 eingeführte europäische Emissionshandelssystem (EU-ETS) ist ein zentrales Instrument der nationalen und europäischen Klimapolitik. Seit der 3. Handelsperiode (2013-2020) wird die Obergrenze der Emissionen (das „Cap“) nun EU-weit festgelegt, ein großer Teil der Emissionsberechtigungen wird versteigert und für die kostenlose Zuteilung gelten in allen EU-Mitgliedstaaten dieselben Regeln. Die ...

Dessau-Roßlau: Umweltbundesamt, 2018, 82 S.
(Climate Change ; 2018, 29)
| Verena Graichen; Hannah Förster, Jakob Graichen, Sean Healy, Julia Repenning, Katja Schumacher, Vicki Duscha, Nele Friedrichsen, Sascha Lehmann, Gizem Erdogmus, Ines Haug, Solbin Kim, Aleksandar Zaklan, Jochen Diekmann
Monographien

Kräftiger Aufschwung dank günstigem Öl und schwachem Euro: Gemeinschaftsdiagnose Frühjahr 2015 ; Dienstleistungsauftrag des Bundesministeriums für Wirtschaft und Energie

Berlin: DIW Berlin, 2015, 90 S. | Timo Wollmershäuser, Roland Döhrn, Ferdinand Fichtner, Oliver Holtemöller, György Barabas, Tim Oliver Berg, Franziska Bremus, Karl Brenke, Christian Breuer, Andreas Cors, Kristina van Deuverden, Jonas Dovern, Katja Drechsel, Andrej Drygalla, Stefan Ederer, Angela Fuest, Heinz Gebhardt, Christian Glocker, Christian Grimme, Daniela Grozea-Helmenstein, Jochen Hartwig, Peter Hennecke, Steffen Henzel, Nikolay Hristov, Simon Junker, Konstantin Kiesel, Sebastian Koch, Philipp König, Axel Lindner, Brigitte Loose, Carsten-Patrick Meier, Martin Micheli, Claus Michelsen, Stefan Neuwirth, Wolfgang Nierhaus, Svetlana Rujin, Stefan Schiman, Torsten Schmidt, Andreas Steiner, Felix Schröter, Dirk Ulbricht, Klaus Weyerstraß, Elisabeth Wieland, Klaus Wohlrabe, Aleksandar Zaklan, Götz Zeddies, Lina Zwick
Monographien

Price Determinants of the European Carbon Market and Interactions with Energy Markets: Environmental Research of the German Federal Ministry of the Environment, Nature Conservation and Nuclear Safety ; Project-No. (FKZ) 3709 41 503, Report-No. (UBA-FB) 001626/E

This report explores the determinants of short run price movements in the carbon market and their interaction with energy markets, in particular with the electricity market. Focusing on Phase 2 of the EU ETS we conduct econometric time series analysis based on continental EU and UK market data. Our findings suggest that market fundamentals have a dominant effect on the EUA price, but that non-fundamental ...

Dessau-Roßlau: Umweltbundesamt, 2012, IV, 34 S.
(Climate Change ; 2012,11)
| Katja Schumacher, Johanna Cludius, Felix Christian Matthes, Jochen Diekmann, Aleksandar Zaklan, Joachim Schleich
Monographien

Econometric Analyses of Carbon Resource Markets: Dissertation

Carbon resources, mainly the fossil fuels coal, crude oil and natural gas, have been key drivers of global economic development since the industrial revolution, constituting important inputs in the production processes of several sectors, such as power generation, transportation and industry. However, the use of carbon resources has also been a cause of man-made global warming, which is projected to ...

Berlin: Technische Universität, 2012, 141 S. | Aleksandar Zaklan
Externe referierte Aufsätze

Does the EU ETS Cause Carbon Leakage in European Manufacturing?

Carbon leakage is of interest in both academic and policy debates about the effectiveness of unilateral climate policy, especially in Europe, where the EU Emissions Trading System (EU ETS) affects many traded sectors. We review how the literature identifies leakage and the pollution haven effect. We then evaluate whether EU ETS emission costs caused carbon leakage in European manufacturing, using trade ...

In: Journal of Environmental Economics and Management 93 (2019), S. 125-147 | Helene Naegele, Aleksandar Zaklan
Externe referierte Aufsätze

The European Union Emissions Trading System: Ten Years and Counting

This article provides an introduction to the European Union (EU) Emissions Trading System (ETS). First we describe the legislative development of the EU ETS, its evolution from free allocation to auctioning and centralized allocation rules, its relationship to the Kyoto Protocol and other trading systems, and its relationship to other EU climate and energy policies. This is followed by an assessment ...

In: Review of Environmental Economics and Policy 10 (2016), 1, S. 89-107 | Denny Ellerman, Claudio Marcantonini, Aleksandar Zaklan
Externe referierte Aufsätze

Stationary Changes in Long-Run Energy Commodity Prices

Situated at the intersection of the literatures on speculative storage and non-renewable commodity scarcity, this paper considers whether changes in persistence have occurred in long-run U.S. prices of the energy commodities crude oil, natural gas and bituminous coal. We allow for a structural break when testing for a break in persistence to avoid a change in the stochastic properties of prices being ...

In: Energy Economics 59 (2016), S. 96-103 | Aleksandar Zaklan, Jan Abrell, Anne Neumann
Externe referierte Aufsätze

The Globalization of Steam Coal Markets and the Role of Logistics: An Empirical Analysis

In this paper, we provide a comprehensive multivariate cointegration analysis of three parts of the steam coal value chain - export, transport and import prices. The analysis is based on a rich dataset of international coal prices; in particular, we combine data on steam coal prices with freight rates, covering the period December 2001 until August 2009 at weekly frequency. We then test whether the ...

In: Energy Economics 34 (2012), 1, S. 105-116 | Aleksandar Zaklan, Astrid Cullmann, Anne Neumann, Christian von Hirschhausen
Externe referierte Aufsätze

The External Financing of Emerging Markets: Evidence from Two Waves of Financial Globalization

What determines the yields at which international investors are willing to lend to emerging market countries, and the amounts of such lending? We analyze the motivation underlying investors' choices in allocating their holdings across countries, through regressions for both prices (bond yields) and quantities (bond market capitalization or stocks of external liabilities) estimated during two waves ...

In: Review of Finance 15 (2011), 1, S. 207-243 | André Faria, Paolo Mauro, Aleksandar Zaklan
Monographien

An Analysis of Allowance Banking in the EU ETS

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 ...

Florenz: EUI, 2015, 23 S.
(EUI Working Papers: RSCAS ; 2015/29)
| Denny Ellerman, Vanessa Valero, Aleksandar Zaklan
53 results, from 41