Work

Green serves the dirtiest : on the interaction between black and green quatas

Year: 2009

Type: report

Abstract: Tradable black (CO2) and green (renewables) quotas gain in popularity and stringency within climate policies of many OECD countries. The overlapping regulation through both instruments, however, may have important adverse economic implications. Based on stylized theoretical analysis and substantiated with numerical model simulations for the German electricity market, we show that a green quota imposed on top of a black quota does not only induce substantial excess cost but serves the dirtiest power technologies as compared to a black quota regime only.

Source: BIBSYS Brage (BIBSYS (Norway))

Authors: Böhringer, Christoph, Rosendahl, Knut Einar

Institution: Statistics Norway

Language: English

Topic: Climate Change Policy and Economics

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Climate action, Affordable and clean energy, Responsible consumption and production

Open Access status: green

Funder: Norges Forskningsråd

OpenAlex ID: W7028890702

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