Decoupling the EU ETS from subsidized renewables and other demand side effects: lessons from the impact of the EU ETS on CO2 emissions in the German electricity sector

Schäfer, Sebastian

doi:10.1016/j.enpol.2019.06.066

Cited by 31 publications

(11 citation statements)

References 26 publications

(29 reference statements)

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“…A recent study focused on the effects of the EU ETS on the German electricity sector, Schaefer (2019) by contrasting reality with a counterfactual emissions scenario without the EU ETS, from 2005 to 2015. The method differentiates the impact of EU ETS from the impact of subsidized renewable energy and fuel prices for hard coal and gas.…”

Section: Results Of the Reviewmentioning

confidence: 99%

The effect of carbon pricing on technological change for full energy decarbonization: A review of empirical ex‐post evidence

Lilliestam

Patt

Bersalli

2020

WIREs Climate Change

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In order to achieve the temperature goals of the Paris Agreement, the world must reach net‐zero carbon emissions around mid‐century, which calls for an entirely new energy system. Carbon pricing, in the shape of taxes or emissions trading schemes, is often seen as the main, or only, necessary climate policy instrument, based on theoretical expectations that this would promote innovation and diffusion of the new technologies necessary for full decarbonization. Here, we review the empirical knowledge available in academic ex‐post analyses of the effectiveness of existing, comparatively high‐price carbon pricing schemes in the European Union, New Zealand, British Columbia, and the Nordic countries. Some articles find short‐term operational effects, especially fuel switching in existing assets, but no article finds mentionable effects on technological change. Critically, all articles examining the effects on zero‐carbon investment found that existing carbon pricing scheme have had no effect at all. We conclude that the effectiveness of carbon pricing in stimulating innovation and zero‐carbon investment remains a theoretical argument. So far, there is no empirical evidence of its effectiveness in promoting the technological change necessary for full decarbonization. This article is categorized under: Climate Economics > Economics of Mitigation

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Section: Results Of the Reviewmentioning

confidence: 99%

The effect of carbon pricing on technological change for full energy decarbonization: A review of empirical ex‐post evidence

Lilliestam

Patt

Bersalli

2020

WIREs Climate Change

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“…This study has policy implications. Integrating environmental policies with market reforms is vital, as is the diversification of policy instruments that carefully manage overlapping [48,49]. We argue that complementary policies can achieve better results.…”

Section: Discussionmentioning

confidence: 95%

Assessment of the European Emissions Trading System’s Impact on Sustainable Development

Di Foggia,

Beccarello,

Arrigo

2023

Sustainability

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This study explores the interaction between the emission trading system and the Sustainable Development Goals. Using an empirical analysis of a sample of European installations covered by the Emission Trading System from 2016 to 2021, we assessed how the system internalized the costs of carbon emissions across economic sectors and analyzed its impact on achieving the Sustainable Development Goals. The results revealed that while the increased efficiency of the emissions trading system had positive effects on environmental taxation and the reduction in economic losses due to climate change, challenges persist in natural resource use and energy dependence. This study offers new insight into the carbon ability pricing policies to properly allocate environmental costs. This study highlights the importance of integrating complementary policy instruments to strengthen effectiveness, given the link between the selected sustainable development and circular economy variables. The results provide stakeholders and policymakers with essential information for optimizing environmental policies and developing integrated approaches. If well implemented, such policies can effectively contribute to the fight against climate change and promote sustainable development by reducing social and environmental costs.

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“…As one of the common carbon emission reduction policies, the carbon cap and trade mechanism imposes carbon quotas on companies that rely on carbon emissions, thereby forcing companies to engage in research and development of emission reduction technologies (Sun et al, 2020). When carbon emissions are too high, the government needs to adjust regulatory incentives to encourage enterprises to increase their investment in low-carbon electricity technologies and give appropriate subsidies and tax exemptions to low-carbon enterprises (Schafer, 2019;Chen et al, 2021). Additionally, the carbon emission trading system and carbon emission quota allocation rules have an impact on how the electricity industry invests, under the carbon emission trading system.…”

Section: Literature Reviewmentioning

confidence: 99%

Spatiotemporal evolution of investment-carbon emission coupling coordination in China’s electricity market

Zhang

2023

Front. Energy Res.

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Promoting the low-carbon development of the electricity market is the key to controlling CO2 emissions and achieving carbon neutrality in China. It requires the coordinated development between investment and carbon emissions in the electricity industry. Based on the panel data on electricity investment and carbon emissions from 2000 to 2019, this study systematically explains the coupling coordination mechanism between electricity investment and carbon emissions. We use the coupling coordination model to calculate the coupling coordination degree of each province. Then, the research uses the GM (1, 1) model to predict the coupling coordination development from 2020 to 2030. The study finds that the development of China’s electricity industry is in good shape. Although the coupling coordination degree has entered barely or primary coordination in most provinces, there are certain fluctuations in recent years; there are spatial differences in coupling and coordinated development among regions: the central region has a high coupling coordination degree, while the eastern and northeastern regions are relatively lagging behind. In the next 10 years, the coupling coordination degree will continue to grow, and all regions will reach the primary coordination. Among them, the central region will reach the intermediate coordination.

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Decoupling the EU ETS from subsidized renewables and other demand side effects: lessons from the impact of the EU ETS on CO2 emissions in the German electricity sector

Cited by 31 publications

References 26 publications

The effect of carbon pricing on technological change for full energy decarbonization: A review of empirical ex‐post evidence

The effect of carbon pricing on technological change for full energy decarbonization: A review of empirical ex‐post evidence

Assessment of the European Emissions Trading System’s Impact on Sustainable Development

Spatiotemporal evolution of investment-carbon emission coupling coordination in China’s electricity market

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