English, Article, Journal or magazine article edition: Green Serves the Dirtiest. On the Interaction between Black and Green Quotas Christoph Böhringer and Knut Einar Rosendahl

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Bookmark: http://trove.nla.gov.au/version/41421
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Green Serves the Dirtiest. On the Interaction between Black and Green Quotas
Author
  • Christoph Böhringer and Knut Einar Rosendahl
Physical Description
  • preprint
Notes
  • 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.
  • Emissions Trading; Tradable Green Certificates; Overlapping Regulation
  • RePEc:ssb:dispap:581
Language
  • English
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