Issues for EU R&amp;D Strategy

Capros, Pantélis; Mantzos, Leonidas; Criqui, Patrick; Kouvaritakis, Nikolaos; Ramírez, Antonio Soria; Schrattenholzer, Leo; Vouyoukas, E. Lakis

doi:10.1007/978-3-642-58679-8_12

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Ex-post Evaluation Of the Impact Of A Unilateral Exible Cap1

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2019

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“…The same approach as described for the second trading period could be applied for the third trading period referring to the updated version of the PRIMES model (Capros et al, 2010 Table 4).…”

Section: Ex-post Evaluation Of the Impact Of A Unilateral Exible Capmentioning

confidence: 99%

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

2019

Energy Policy

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This paper analyzes the impact of the EU ETS on CO 2 reduction in the German electricity sector. We nd an ETS-induced emission abatement which is not exceeding 6 % of total emissions with a maximum already in 2010. Thereafter the ETS has not induced additional reductions. This outcome is sub-optimal. It corresponds to the recent debate about sub-optimal performance of the EU ETS caused by excessive allowances. Following up on this we develop a unilateral exible cap to eliminate demand side eects which lead to excessive allowances. The unilateral exible cap is based on emission intensities. Using the works of Newell and Pizer (2008); Sue Wing et al. (2009) we prove in a rst step that an intensity-based emission cap is advantageous in the German electricity sector when compared to an absolute cap. An ex-post analysis shows that the amount of excessive allowances resulting from the economic crisis during the second trading period could have been signicantly lowered with a unilateral exible cap. This approach also decouples the EU ETS from a simultaneous promotion of renewable energy.

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Section: Ex-post Evaluation Of the Impact Of A Unilateral Exible Capmentioning

confidence: 99%

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

2019

Energy Policy

View full text Add to dashboard Cite

show abstract

Issues for EU R&D Strategy

Cited by 1 publication

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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

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

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