Simon Quemin is a Research Officer at the Grantham Research Institute on Climate Change and the Environment. He joined the institute in November 2018. His research lies at the interface between environmental and resource economics (climate policy in general and emissions trading in particular), decision-making under uncertainty and game theory.
Simon completed his PhD in economics at the Climate Economics Chair, at Paris-Dauphine University (PSL Research University) in 2017, titled “Essays on spatial and temporal interconnections between and within Emissions Trading Systems”. He then served as an associate lecturer and researcher (ATER) for one year at Paris-Dauphine. He also holds a MRes in environmental and energy economics from ENPC ParisTech and a MEng in energy and fluid mechanics from ENSTA ParisTech.
- Environmental and resource economics;
- Climate policy and carbon pricing;
- Decision theory and game theory.
Research - 2020
The authors of this paper develop a theoretical model of emissions trading in the presence of transaction costs, calibrating the model to annual transactions and compliance data in the European Union emissions trading scheme over its second phase. Read more
Following reform of the EU emissions trading system (ETS) in 2018 further regulatory amendments are on the horizon as part of the 2021 review. This paper evaluates and compares the impacts of realistic regulatory changes within the ETS to inform the 2021 review and raise ambition, examining two main policy levers: the linear reduction factor and the market stability reserve. Read more
Research - 2019
We formally study the determinants, magnitude and distribution of efficiency gains generated in multilateral linkages between permit markets. We provide... Read more
The authors of this paper develop a model to evaluate first, the market developments in the European Union emissions trading scheme (EU ETS) over 2008–2017 ex-post and second, the performances of main features of the EU ETS reforms that took place in 2018, ex-ante. Read more
This paper develops a novel theoretical tool with which a jurisdiction can evaluate the economic gains it can expect to obtain by linking its emissions trading system (ETS) to one, two or many ETSs at the same time, and proposes a reason why the global market remains a distant dream. Read more
Linkages between Emissions Trading Systems are deemed an important element of the future climate policy landscape. They are, however, difficult... Read more
News - 2020
The Market Stability Reserve aims to provide carbon price stability for the EU emissions trading system (EU ETS) but serious questions are being asked about how much stability – if any – it provides, say Michael Pahle and Simon Quemin. Read more