Impact of Emissions Trading System on Renewable Energy Output

Miao, Yu; He, Mingshuai; Liu, Fangtao

doi:10.1016/j.procs.2017.11.364

Cited by 17 publications

(8 citation statements)

References 16 publications

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“…On the other hand, Polzin et al (2015) find that the ETS could have a strong influence on renewable energy investments by institutional investors. Yu et al (2017) use a cross‐national panel of 60 countries (or regions) from 2002 to 2013 and show that the ETS could effectively promote renewable energy output.…”

Section: Previous Empirical Studiesmentioning

confidence: 99%

“…On the other hand, Polzin et al (2015) find that the ETS could have a strong influence on renewable energy investments by institutional investors. Yu et al (2017) use a cross-national panel of 60 countries (or regions) from 2002 to 2013 and show that the ETS could effectively promote renewable energy output. Bölük and Kaplan (2022) show that tax, grants and R&D policies are found to be the most effective tools for renewable energy deployment; and market-based incentives such as greenhouse gas emissions trading and tradable certificates also have an enhancing effect on renewable energy capacity over the 2000-18 period.…”

Section: Previous Empirical Studiesmentioning

confidence: 99%

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The impact of rising EU Allowance prices on core inflation in the Eurozone

Nishigaki

2023

Economic Affairs

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This article examines the impact of EU Allowance (EUA) prices on core inflation in the Eurozone between 2005 and 2022. The empirical results suggest that a positive shock to the EUA price led to higher long-run inflation expectations and core inflation. This implies that the rise in EUA prices can be passed on to consumers and enterprises, leading to an increase in production costs and consumer prices. And, while a positive shock to EUA prices may promote investment in renewable energy in the short term, the impact is not statistically significant and does not last long. The results suggest considerable potential for European policymakers to re-examine policy mechanisms to accelerate renewable energy investment and maintain price stability in the medium term.

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Section: Previous Empirical Studiesmentioning

confidence: 99%

Section: Previous Empirical Studiesmentioning

confidence: 99%

The impact of rising EU Allowance prices on core inflation in the Eurozone

Nishigaki

2023

Economic Affairs

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“…Though there are several studies dealing with GHG emission trading and its impacts, the empirical studies on EU ETS's impacts on the deployment of renewable energy remain limited [4][5][6][7][8][9][10][11].…”

Section: Literature Reviewmentioning

confidence: 99%

“…The study by Yu et al [8] used the cross-national panel of 60 countries during the 2002-2013 year period, to analyze the influence of EU ETS on the penetration of renewable energy sources. The main findings revealed that EU ETS has a positive impact on the increase of the share of renewables in total electricity production.…”

Section: Literature Reviewmentioning

confidence: 99%

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EU Carbon Emissions Market Development and Its Impact on Penetration of Renewables in the Power Sector

Rabe¹,

Štreimikienė²,

Bilan³

2019

Energies

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This paper focuses on the analysis of the EU carbon trading scheme and its impacts on regional power system development and penetration of renewable energy sources (RES). The aim of the article is to analyze the forecasts of carbon dioxide (EUA) prices for the years 2019–2030 and to apply the results of this forecast in regional power system planning. The data employed in this paper come from many sources, including empirical data of the selected analytical companies, such as Thomson Reuters among others. The current low prices for carbon dioxide emission rights do not encourage the reduction of greenhouse gas emissions, in particular carbon dioxide, and do not have a significant impact on the penetration of renewables. This paper presents the results of two scenarios (for 2021 and 2030) developed after the analysis of the EUA price impact on penetration of renewable energy sources in West-Pomeranian region assuming different electricity production and the EUA price forecasts. The results of two regional energy development scenarios run for 2021 and 2030 indicate changes in the structure of renewables in West-Pomeranian region. The results also show that the increase of EUA price has a significant impact on the increase of costs for power production and increase of unit cost of the installed 1GWh. In addition, the forecasted EUA price in 2030 is 3% lower as compared with 2021, which has its impact on the increased share of electricity produced by co-firing biomass with other fossil—from 42% to 68% in the electricity generation structure of West-Pomeranian region.

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Has carbon emissions trading system promoted non-fossil energy development in China?

Liu

Zhang

2021

Applied Energy

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Impact of Emissions Trading System on Renewable Energy Output

Cited by 17 publications

References 16 publications

The impact of rising EU Allowance prices on core inflation in the Eurozone

The impact of rising EU Allowance prices on core inflation in the Eurozone

EU Carbon Emissions Market Development and Its Impact on Penetration of Renewables in the Power Sector

Has carbon emissions trading system promoted non-fossil energy development in China?

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