气候变化领域集成服务门户(CCPortal): Coal phase-outs and carbon prices: Interactions between EU emission trading and national carbon mitigation policies

CCPortal

DOI	10.1016/j.enpol.2020.111647
	Coal phase-outs and carbon prices: Interactions between EU emission trading and national carbon mitigation policies
	Anke C.-P.; Hobbie H.; Schreiber S.; Möst D.
发表日期	2020
ISSN	03014215
卷号	144
英文摘要	The European Union Emission Trading System (EU ETS) constitutes the core instrument of the European Union climate protection policy. It limits greenhouse gas emissions of its member states and aims at facilitating an efficient allocation of emission reduction across national borders. Accompanying this policy at the European level, individual member states have introduced national mitigation policies, including renewable energy (RES) expansion measures or coal phase-outs. This study examines to what extent national policies affect the effectiveness of the EU ETS and to what degree the impact is reflected in prices for European Union Allowances (EUA). To investigate this question, a fundamental optimization model of the European electricity markets is deployed and model endogenous EUA prices are derived with a set of future market scenarios. Overall findings indicate that fundamental market forces strongly affect EUA prices. Furthermore, national policies play a critical role: The expansion of RES does not affect the capacity of the EU ETS to provide sufficient price signals for the desired level of decarbonization but a coal phase-out has a strong price-suppressing effect. A withdrawal of certificates can re-establish the effectiveness of the EU ETS but prices can rise drastically when overestimating the necessary amount. © 2020 Elsevier Ltd
关键词	Carbon emissions Coal phase-out Energy systems analysis EU ETS Renewable energies
英文关键词	Carbon; Coal; Coal industry; Commerce; Emission control; Expansion; Gas emissions; Greenhouse gases; International law; Carbon mitigation policies; Climate protection; Efficient allocations; Emission reduction; Emission trading systems; Mitigation policies; Optimization modeling; Suppressing effects; Costs; alternative energy; carbon emission; coal; emission control; emissions trading; environmental policy; European Union; mitigation; optimization; pollution tax; Europe
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204535
作者单位	Chair of Energy Economics, TU Dresden, Germany
推荐引用方式 GB/T 7714	Anke C.-P.,Hobbie H.,Schreiber S.,et al. Coal phase-outs and carbon prices: Interactions between EU emission trading and national carbon mitigation policies[J],2020,144.
APA	Anke C.-P.,Hobbie H.,Schreiber S.,&Möst D..(2020).Coal phase-outs and carbon prices: Interactions between EU emission trading and national carbon mitigation policies.Energy Policy,144.
MLA	Anke C.-P.,et al."Coal phase-outs and carbon prices: Interactions between EU emission trading and national carbon mitigation policies".Energy Policy 144(2020).