Show simple item record

dc.contributor.authorWEIGT, Hannes
dc.contributor.authorDELARUE, Erik
dc.contributor.authorELLERMAN, A. Denny
dc.date.accessioned2012-05-15T14:04:20Z
dc.date.available2012-05-15T14:04:20Z
dc.date.issued2012
dc.identifier.issn1028-3625
dc.identifier.urihttp://hdl.handle.net/1814/21958
dc.description.abstractThe overlapping impact of the Emission Trading System (ETS) and renewable energy (RE) deployment targets creates a classic case of interaction effects. Whereas the price interaction is widely recognized and has been thoroughly discussed, the effect of an overlapping instrument on the abatement attributable to an instrument has gained little attention. This paper estimates the actual reduction in demand for European Union Allowances that has occurred due to RE deployment focusing on the German electricity sector, for the five years 2006 through 2010. Based on a unit commitment model we estimate that CO2 emissions from the electricity sector are reduced by 33 to 57 Mtons, or 10% to 16% of what estimated emissions would have been without any RE policy. Furthermore, we find that the abatement attributable to RE injections is greater in the presence of an allowance price than otherwise. The same holds for the ETS effect in presence of RE injection. This interaction effect is consistently positive for the German electricity system, at least for these years, and on the order of 0.5% to 1.5% of emissions.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesEUI RSCASen
dc.relation.ispartofseries2012/18en
dc.relation.ispartofseries[Loyola de Palacio Chair]en
dc.relation.ispartofseriesClimate Policy Research Uniten
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectETSen
dc.subjectRE policyen
dc.subjectinteractionen
dc.subjectemission abatementen
dc.subjectGermanyen
dc.subjectL94en
dc.subjectQ58en
dc.titleCO2 Abatement from RES Injections in the German Electricity Sector: Does a CO2 price help?en
dc.typeWorking Paperen
eui.subscribe.skiptrue


Files in this item

Icon

This item appears in the following Collection(s)

Show simple item record