Free EUAs and fuel switching

Falbo, Paolo; Felletti, Daniele; Stefani, Silvana

doi:10.1016/j.eneco.2011.12.007

Cited by 11 publications

(12 citation statements)

References 15 publications

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Section: Literature Overviewmentioning

confidence: 99%

“…Since the EU emission allowances were previously grandfathered 1 (Wettestad et al, 2012), from year 2013 the signifi cant yield of the emission allowances is auctioned. Grandfathering was widely criticized, mostly because it introduced signifi cant distortions to the EU ETS (Falbo et al, 2013). Auctioning is the most transparent method of allocating 1 Grandfathering = for free allowances and puts into practice the polluter pays principle (European Commission, 2013).…”

Section: Introduction Emission Allowances Trading Backgroundmentioning

confidence: 99%

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Pilot Analysis of the Behaviour of Companies Within the 3<sup>rd</sup> Trading Period of the EU ETS in the Czech Republic

Zimmermannová¹

2016

Acta Univ. Agric. Silvic. Mendelianae Brun.

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This paper is focused on the fi rst ex-post analysis of the EU ETS in its 3 rd trading period in the Czech Republic, based on the analysis of the behaviour of the key EU ETS sector -combustion processes -and the decision making of Czech electricity and heat producers within the EU ETS. Firstly, the general overview of the EU ETS is presented, including the important scientifi c studies in this area. The characteristics of the EU ETS in the Czech Republic are described. The second chapter, methodology and data, describes the method, the questionnaire survey. The key chapter, results, focuses on the most important outputs obtained from the questionnaire survey. The discussion part deals with particular characteristics of the EU ETS in the 3 rd trading period in the Czech Republic. Focusing on the behaviour of Czech companies in the analyzed period, it is obvious, that the companies within the combustion processes group understood the EU ETS much more as an additional environmental tax or fee, instead of commodity, which can be traded on the exchange. Moreover, the EU ETS had no impact on their environmental investments planning in years 2013 and 2014.

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Section: Literature Overviewmentioning

confidence: 99%

Section: Introduction Emission Allowances Trading Backgroundmentioning

confidence: 99%

Pilot Analysis of the Behaviour of Companies Within the 3<sup>rd</sup> Trading Period of the EU ETS in the Czech Republic

Zimmermannová¹

2016

Acta Univ. Agric. Silvic. Mendelianae Brun.

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“…Iron and steel production Cement and lime production Glas and glas fibres production Ceramic production energy intensive companies and power sector (Lund, 2007;Chernyavska and Gulli, 2008), the influence of emission allowance trading on electricity producers (Lund, 2007;Chernyavska and Gulli, 2008;Falbo et al, 2013) or its innovation impact (Rogge et al, 2011;Rentizelas et al, 2012). The authors of scientific papers have used various methods for their research connected with the EU ETS.…”

Section: Combustion Processesmentioning

confidence: 99%

“…For example, Li et al (2011) used fuzzy modelling (an interval-fuzzy two stage stochastic programming model) for planning CO 2 emission trading in industry systems under uncertainty, Conrad et al (2012) used GARCH models for modelling the adjustment process of EUA´s prices to scheduled macroeconomic and regulatory announcements. Aatola et al (2013) created an equilibrium model of the emission trading market for the purposes of the EU ETS price determination, Falbo et al (2013) created model based on the profit function for tracking of impacts of EUAs on the optimal policy of a competitive electricity producer. Garcia -Martos et al (2013) used both ARIMA and VARIMA models for building a multivariate model for the afore mentioned prices and comparing its results with those of univariate ones, Lecuyer and Quirion (2013) created analytical and numerical model of the EU energy and carbon market for implications of the possibility of a nil carbon price on optimal policy instrument choice.…”

Section: Combustion Processesmentioning

confidence: 99%

“…Since the EU emission allowances were previously grandfathered -for free (Wettestad et al, 2012), from year 2013 the significant yield of the emission allowances is auctioned. Grandfathering was widely criticized, mostly because it introduced significant distortions to the EU ETS (Falbo et al, 2013). Auctioning is the most transparent method of allocating allowances and puts into practice the polluter pays principle (Vicha, 2011;European Commission, 2013).…”

Section: Introductionmentioning

confidence: 99%

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Ex-post Analysis of the EU Emission Trading in Year 2013 in the Czech Republic

Zimmermannová

Čermák

Новак

2015

E&S

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ABSTRACT. The main goal of the paper is to provide the first ex-post analysis of the EU ETS in year 2013 in the Czech Republic, based on the analysis of the key EU ETS sector -combustion processes. Regarding the methodology, the empirical research was used as a one part, as a second part the Mamdani fuzzy rule-based system. Since the EUA market price was low in year 2013, the Czech companies within the combustion processes group had weak motivation to trade with the EUAs. However, the revenues obtained from the EUA auctions in year 2013 were higher than revenues obtained from the environmental taxes. Moreover, auctioned EUAs had the similar characteristics as the environmental taxes. We can say that the EUA behaved as an additional carbon tax -in case that the company exceeded the level of emission limit represented by free emission allowances.

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Selected Economic and Environmental Indicators in EU28 Countries Connected with Climate Protection

Zimmermannová

Pásztó

2019

Spationomy

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The main goal of this chapter is to present the development of selected economic and environmental indicators in EU28 countries connected with climate protection in the period from 2005 to 2015. European Union Emission Trading Scheme (EU ETS) was introduced in 2005. Currently, the EU ETS is in operation for more than a decade; moreover, in 2018, the European Commission adopts rules for the next 4th trading period. Is there visible any improvement in CO 2 emissions development? Can it be connected to the changes in the macroeconomic indicators? The methodological part presents the data sources and methodological background of the research. Possible geographical patterns in the development of selected indicators within the EU28 are indicated. Detailed analysis of economic and environmental data of EU28 countries is provided, with the use of (geo)visual analysis of the data. The results of the (geo) visual analysis show that CO 2 emissions within selected EU countries were decreasing in the chosen period 2005-2015, with some exceptions (e.g. Iceland and Latvia). As the development of CO 2 emissions in all selected EU countries is not similar, the other economic and environmental indicators were included (e.g. GDP, Investments) into the analysis to reveal a typical (geographical) pattern and explain the current situation.

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Free EUAs and fuel switching

Cited by 11 publications

References 15 publications

Pilot Analysis of the Behaviour of Companies Within the 3<sup>rd</sup> Trading Period of the EU ETS in the Czech Republic

Pilot Analysis of the Behaviour of Companies Within the 3<sup>rd</sup> Trading Period of the EU ETS in the Czech Republic

Ex-post Analysis of the EU Emission Trading in Year 2013 in the Czech Republic

Selected Economic and Environmental Indicators in EU28 Countries Connected with Climate Protection

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