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dc.contributor.authorWEIGT, Hannes
dc.contributor.authorELLERMAN, Denny
dc.contributor.authorDELARUE, Erik
dc.date.accessioned2014-12-19T18:00:15Z
dc.date.available2014-12-19T18:00:15Z
dc.date.issued2013
dc.identifier.citationEnergy economics, 2013, Vol. 40, No. 1 Supp, pp. S149-S158
dc.identifier.issn0140-9883
dc.identifier.issn1873-6181
dc.identifier.urihttp://hdl.handle.net/1814/34033
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 German electricity sector are reduced by 35 to 60 Mtons, or 10% to 18% of what estimated emissions would have been without any RE policy but with the CO2 price remaining in place at the observed level. 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 the considered years, and on the order of 0.5% to 1.5% of emissions.
dc.language.isoEn
dc.publisherElsevier Science Bv
dc.relation.ispartofEnergy economics
dc.relation.isversionofhttp://hdl.handle.net/1814/21958
dc.subjectEmission trading system
dc.subjectRenewables policy
dc.subjectInteraction
dc.subjectEmission abatement
dc.subjectGermany
dc.subjectWind
dc.subjectgeneration
dc.subjectreduction
dc.subjectemissions
dc.subjectpolicies
dc.subjectpermits
dc.subjectpower
dc.titleCO2 abatement from renewables in the German electricity sector : does a CO2 price help?
dc.typeArticle
dc.identifier.doi10.1016/j.eneco.2013.09.013
dc.identifier.volume40
dc.identifier.startpageS149
dc.identifier.endpageS158
eui.subscribe.skiptrue
dc.identifier.issue1 Supp
dc.description.versionPublished version of EUI RSCAS WP 2012/18 [Loyola de Palacio Chair] Climate Policy Research Unit


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