Despite political activities to foster a low-carbon energy transition, Germany currently sees a considerable number of new coal power plants being added to its power mix. There are several possible drivers for this "dash for coal", but it is widely accepted that windfall profits gained through free allocation of ETS certificates play an important role. Yet the quantification of allocation-related
Die Energiewirtschaft befindet sich in einem gravierenden Umbau. Erneuerbare Energien expandieren stark. Längerfristig könnten sie zur Hauptquelle der Energieversorgung werden und damit wesentlich zum Klimaschutz, zur Schonung erschöpfbarer Ressourcen und zur Versorgungssicherheit beitragen. Die Bundesländer spielen bei der Weiterentwicklung erneuerbarer Energien eine wichtige Rolle. Sie setzen
We use a quantitative electricity market model to analyze the welfare effects of refunding a share of the emission trading proceeds to support renewable energy technologies that are subject to experience effects. We compare effects of supporting renewable energies under both perfect and oligopolistic competition with competitive fringe firms and emission trading regimes that achieve 70 and 80%
It is increasingly observable that in different industries competitors jointly acquire and share customer data. We propose a modified Hotelling model with two-dimensional consumer heterogeneity to analyze the incentives for such agreements and their welfare implications. In our model the incentives of firms for data acquisition and sharing depend on the willingness of consumers to switch brands.
We use a quantitative electricity market model to analyze the welfare effects of refunding a share of the emission trading proceeds to support renewable energy technologies that are subject to experience effects. We compare effects of supporting renewable energies under both perfect and oligopolistic competition with competitive fringe firms and emission trading regimes that achieve 70 and 80
In this paper, we use a computable general equilibrium model (WIATEC) to study the potential impact of implementing Europe's 20-20-20 climate policy. The results show that the economic costs of implementing the policy are only moderate and within the range of recent empirical evidence. Furthermore, they also indicate that there is a possibility that the existing allocations to the Europena sectors
How does emissions trading influence the competitiveness of the German industry? By increasing the costs of domestic production, emissions trading may induce the relocation of industrial production and the associated emissions – e.g. to non-EU countries with few or no climate protection regulations. On behalf of the German Emissions Trading Authority (DEHSt) at the Federal Environment Agency, the
Our paper deals with modeling the effects of introducing a market-based tool for improving end-users' efficiency in an energy market which is already regulated through a cap-and-trade system for green house gas emissions and a quota system meant to improve competitiveness of energy produced using renewable resources. Our results show that the regulation of energy demand achieves its underlying
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