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12 Dec 2023: EPRG Working Paper 2211. Cambridge Working Paper in Economics CWPE2234. Robert A. ... Ritz. The competitiveness of emissions-intensive trade-exposed (EITE) sectors and mitigating the risk of carbon leakage has been a major concern for sub-global carbon

7 Dec 2023: EPRG Working Paper 1224 Cambridge Working Paper in Economics 1252. Pär Holmberg and Bert Willems The trade in commodity derivatives is widespread and trading volumes often surpass that of the underlying ... commodities. Commodity derivatives markets

11 Dec 2023: www.eprg.group.cam.ac.uk. Elecxit: The Cost of Bilaterally Uncoupling British-EU Electricity Trade EPRG Working Paper 1906 Cambridge Working Paper in Economics 1947. ... Those observed trades are also affected by traders’ mistakes, and would be reduced

6 Dec 2023: The introduction of price floors to cap-and-trade schemes increase mean returns and also reduce the distribution in comparison to standard caps. ... Higher mean returns under a cap-and-trade scheme are offset by a much wider variance.

11 Dec 2023: tax and cap-and-trade policies emphasised by textbook economics. ... For a cap-and-trade system with a fixed emissions cap, like the pre-2018 EU ETS, the answer is clear: if an overlapping policy reduces EU-wide emissions demand (say,

31 Jan 2024: Cambridge Judge Business School, Room W4.05) – E&E. 14 May Karsten Neuhoff (DIW Berlin) The role of consumption and trade policy for carbon neutrality (Faculty of Economics, Keynes Room) – ... Alison Richard Building (Sidgwick Site), Seminar Room 1)

8 Dec 2023: operations in 2013, including the California Cap-and-Trade Program and five (sub-national). ... emissions while, in 2013, California introduced a Cap-and-Trade (CaT) mechanism covering.

6 Dec 2023: EPRG Working Paper 0922. Cambridge Working Paper in Economics 0933. Jevgenijs Steinbuks, Andreia Meshreky, and Karsten Neuhoff. ... Energy Economics 29(4),. 693709. Andrikopoulos, A., J. Brox, and C. Paraskevopoulos (1989).

11 Dec 2023: Keywords overlapping policy, internal carbon leakage, waterbed ffect, cap-and-trade, carbon pricing, hybrid regulation. ... allowance price for a cap-and-trade system. An alternative definition of “total” internal.

11 Dec 2023: Measuring inefficiency in international electricity trading. 2. 1 Introduction Interconnectors link national electricity systems and enable countries to trade electricity between markets (e.g. ... Finally, the metrics deal with market prices and revenues,

23 Jan 2024: Tradable quantities with initial allocations of pollution rights are consistent with the current basis of property rights and trade in a way that a coordinated tax rate is not. ... Taxes clearly not superior to cap and trade: no policy certainty and the

8 Dec 2023: Cambridge Working Paper in Economics 1859. Felix Grey and Robert A. ... We hope that the GLM will also prove useful in other contexts in industrial organization, public economics, international trade, and networks.

2 Feb 2024: Pass-through, profits &. the political economy of regulation. Felix GreyFaculty of Economics & EPRG. ... Trade-off. Weaker assumptions & greater simplicity vsNarrower set of questions & no counterfactual analysis.

5 Dec 2023: trade and cooperate. ... so that they will be willing to trade and invest.

5 Dec 2023: Integration was the. Chief Analyst, Electrabel Quantitative Analysis, Louvain-la-Neuve, Belgium.†Tractebel Professor of Energy Economics, Department of Mathematical Engineering and. ... One of these proposals, namely the draft regulationon cross border

5 Dec 2023: Jonathan Köhler. Faculty of Economics, University of Cambridge. Matthew Leach, Efterpi Lampaditou Imperial College Centre for Energy Policy and Technology,. ... Key sources included: • Department of Trade and Industry (DTI) modelling and projections

5 Dec 2023: M. CMI Working Paper. UNIVERSITY OFCAMBRIDGEDepartment ofApplied Economics. 1. Regulated and merchant interconnectors in Australia:. ... The Minority member said that he had expertise in engineering, economics and sociology.

11 Dec 2023: www.eprg.group.cam.ac.uk. The cost of carbon leakage: Britain’s Carbon Price Support and cross-border electricity trade EPRG Working Paper 2005 Cambridge Working Paper in Economics 2014. ... Bowei Guo and David Newbery1 Asymmetric carbon pricing by one

12 Feb 2024: 69 4.2 Criteria to decide on regional coverage of cap and trade schemes. ... A cap and trade scheme can meet the needs of such different investors.

8 May 2024: 4 Exposed to new market opportunities 97. 4.1 Global trade and investment 98. ... The role of UK Trade and Investment (UKTI) will also continue to be important and should be strengthened in markets offering the best potential for export growth.

11 Dec 2023: fields in economics including industrial organization, public economics, and international. trade (Weyl & Fabinger 2013). ... Industrial Economics 40, 441—449. [10] Mrázová, Monika and Peter Neary (2017).

11 Dec 2023: Review of Environmental Economics and Policy 13(1), 3–22. De Cendra, Javier (2006). ... World Trade Organization and United Nations Environment Programme (2009). Trade and Climate Change.

8 Dec 2023: Table 1 indicates that for all but 2 combinations of trade and delivery time, the variance of the price was lower for observations after the implementation of the auction compared to ... Intraday-trade: Economics refresher (Presentation). Tilburg

11 Dec 2023: concluding observations. Keywords Brexit, Trade and Cooperation Agreement, market coupling. JEL Classification L94. ... Geske, J., Green, R. and Staffell, I. (2020), ‘Elecxit: the cost of bilaterally uncoupling British-EU electricity trade’, Energy

7 Dec 2023: Neary and Leahy, 2000). Although literature is growing in each of the above areas – economics and. ... taxation of non-replenishable natural resources, privatisation, and trade/industrial. policy in an open economy, not many attempts have been made to

11 Dec 2023: long run growth. The trade-o¤ between environmental quality and long-run growth can. ... a critical trade-off between environmental policy and long-run growth unless there.

6 Dec 2023: 4, Department of Trade and Industry, London. 18. Dutton, J. and Thomas, A. ... and Innovation, Foresight and Horizon Scanning Centre, Department of Trade and Industry, September.

11 Dec 2023: trade and free allocation as drivers of carbon cost pass-through. As we further discuss. ... of full carbon price internalization, given the absence of international trade and few other.

12 Dec 2023: 2015. ‘Leakage from Sub-National Climate Policy: The Case of California’s Cap-and-Trade Program’. ... Fox. 2007. ‘Output-Based Allocation of Emissions Permits for Mitigating Tax and Trade Interactions’.

11 Dec 2023: constitute the foundation of LTCs supporting gas trade and investment in Europe are: (i) industry. ... global LNG trade and (ii) low gas demand following the economic crisis of 2008 and increased inter-.

11 Dec 2023: Carbon taxes (or equivalent cap-and-trade) are often thought to be regressive and, as such, more. ... 2017). California's Cap-and-Trade System: Diffusion and. Lessons. Global Environmental Politics, 17(3), 12-30.

12 Dec 2023: 1993). Incomplete International Cooperation to Reduce CO2 Emissions: Alternative Policies. Journal of Environmental Economics and Management, 24(3), 258–271. ... G. (2008). Environmental and Technology Policies for Climate Mitigation. Journal of

8 Dec 2023: plementation of and more stringent carbon pricing policies. Keywords international spillovers, trade, carbon pricing. ... and has noted three main market channels: (i) international trade in intermediate goods.

7 Dec 2023: JAPC: Japan Atomic Power Company. METI: Ministry of Economy, Trade and Industry. ... Ministry for Economy, Trade and Industry. Electricity Market Reform in Japan [Internet].

7 Dec 2023: Mr. Hahn is director of economics and a professor at the Smith School of Enterprise and the Environment, University of Oxford; a senior fellow at the Georgetown Center for Business and ... In the case of climate change, a growing number of economists

12 Dec 2023: cap-and-trade system will affect the effectiveness of the province-level additional climate action. ... A. cap-and-trade mechanism can ensure the achievement of the overall quantity target while other.

8 Dec 2023: 1 The basic economic argument for a market-based policy, such as a cap-and-trade scheme or a carbon tax, is that it delivers current emissions reduction at least cost ... In 2011, as California and Quebec moved ahead with their cap-and-trade systems, the

6 Dec 2023: carbon price emerges and increases in a predictable way within an increasingly stringent cap and trade system. ... It seems very unlikely that cap and trade will facilitate early commercial deployment of CCS.

11 Dec 2023: They are related to the literaturecovering the labor market dimension of non-climate policies such as trade and innovationpolicies. ... 2002). Technology, geography, and trade. Econo-metrica, 70(5):1741–1779. Garg, A., Kazunari, K., and Pulles, T.

8 Dec 2023: son (2002) look at the relationship between trade and environmental regulation when firms. ... 24Goldberg and Maggi (1999), among many others, estimate Grossman and Helpman’s trade protectionmodel.

11 Dec 2023: www.eprg.group.cam.ac.uk. Elecxit: The Cost of Bilaterally Uncoupling British-EU Electricity Trade EPRG Working Paper 1916 Cambridge Working Paper in Economics 1947. ... 11. Figure 4: The structure of the trade equilibrium induced by trade demand and

8 Dec 2023: activities. Trade openness for each subsector is measured as the ratio of the sum of imports and exports to. ... openness and energy intensity stems from the hypothesis that trade induces specialization in more.

11 Dec 2023: The above adjustment is in terms of “explicit” carbon prices that are determined within a cap-and-trade system like the EU ETS or by a carbon tax. ... At the heart of the WTO regime lies the General Agreement on Tariffs and Trade (GATT), which dates

11 Dec 2023: 8The EU’s Integrated Electricity Market opens national wholesale and retail electricity markets to trade and com-petition across the EU. ... H1 > p. F1 ;. (e) trade and its direction are unaffected by the CPS, as it is constrained by interconnector

7 Dec 2023: Nova School of Business and Economics, Universidade Nova de Lisboa Portugal. ††. ... EPRG 1328. 2. Introduction. Research in economics and psychology suggests that most choices involve intertemporal.

8 Dec 2023: EPRG Working Paper 1507. Cambridge Working Paper in Economics 1512. Andrew Jobling and Tooraj Jamasb. ... Section 6 provides a summative conclusion. 2. Previous Studies of Oil Price and Consumption The literature surrounding the economics of the oil

6 Dec 2023: The firm operates under a climate policy, either a tax or a cap and trade scheme. ... The total return under a cap-and-trade scheme in one time period is:. )()().().(

6 Dec 2023: markets, and the complications that would arise when transition to a federal cap-and-trade system occurs. ... plants. The fifth and last alternative would be to focus GHG reduction efforts on mechanisms other than cap-and-trade, such as stringent

8 Dec 2023: 2 T Keyworth and G Yarrow, Economics of Regulation, Charging and Other Policy. ... Where there is upstream competition, the single area SO will co-ordinate the operation of the wholesale generation market and the TO (transmission operator) - including

7 Dec 2023: in Voss, Workshop on Pricing in Deregulated Electricity Markets, andStockholm, International Association of Energy Economics (IAEE) and European Associationof Research in Industrial Economics (EARIE). ... On the other hand, the producer has less output