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Intertemporal emissions trading and market design: an application to the EU ETS

Intertemporal emissions trading and market design: an application to the EU ETS

a working paper by Simon Quemin, Raphaël Trotignon  9 January, 2019

The authors of this paper develop a model to assess the market stability reserve, a key feature of reforming the European Union’s emissions trading system (EU ETS), concluding that it is successful in raising the allowance price, but is limited in its ability to improve the system’s resilience to allowance demand shocks. read more »


Steering the climate system: an extended comment

a working paper by Linus Mattauch, Richard Millar, Frederick van der Ploeg, Armon Rezai, Anselm Schultes, Frank Venmans, Nico Bauer, Simon Dietz, Ottmar Edenhofer, Niall Farrell, Cameron Hepburn, Gunnar Luderer, Jacquelyn Pless, Fiona Spuler, Nicholas Stern, Alexander Teytelboym  4 January, 2019

The authors of this comment respond to a recent argument put forward by Lemoine and Rudik (2017), that it is efficient to delay reducing carbon emissions because there is substantial inertia in the climate system. Mattauch et al. show that there is no such inertia, which means there is no lag between carbon emissions and warming. read more »


Pigou pushes preferences: decarbonisation and endogenous values

a working paper by Linus Mattauch, Cameron Hepburn, Nicholas Stern  14 December, 2018

This paper explores the relationship between carbon prices and policies that change consumers’ preferences, concluding that taking the effects into account in economic models would enhance understanding of climate change mitigation policy, facilitating the transition to a low-carbon economy. read more »


Strategic implications of counter-geoengineering: clash or cooperation?

Strategic implications of counter-geoengineering: clash or cooperation?

a working paper by Daniel Heyen, Joshua Horton, Juan Moreno-Cruz  14 December, 2018

This research finds that the presence of counter-geoengineering would make the risk of unilateral action to cool the climate using solar geoengineering less likely, but not always with benign effects. read more »


The role of power prices in structural transformation: evidence from the Philippines

a working paper by Majah-Leah Ravago, Arlan Brucal, James Roumasset, Jan Carlo Punongbayan  12 December, 2018

The authors of this paper aim to illuminate how high power prices can exacerbate premature deindustrialisation, using data from 33 countries and regional data from the Philippines. read more »


The impacts of energy prices on industrial foreign investment location: evidence from global firm level data

a working paper by Aurélien Saussay, Misato Sato  11 December, 2018

The results of this paper show that upon deciding to invest, firms are attracted to regions that have lower energy prices. This supports arguments for better targeting leakage prevention measures to complement carbon pricing for energy-intensive industrial activities. read more »


Have international pollution protocols made a difference?

a working paper by Elisabeth Isaksen  6 December, 2018

This analysis investigated three international agreements to mitigate cross-border environmental pollution and found them to have directly led to sizeable reductions in pollutants. The findings suggest that protocols of this kind can be an effective tool to induce countries to reduce their emissions. read more »


Business experience of floods and drought-related water and electricity supply disruption in three cities in sub-Saharan Africa during the 2015/2016 El Niño

Business experience of floods and drought-related water and electricity supply disruption in three cities in sub-Saharan Africa during the 2015/2016 El Niño

a research article by Kate Elizabeth Gannon, Declan Conway, Joanna Pardoe, Mukelabai Ndiyoi, Nnyaladzi Batisani, Eric Odada, Daniel Olago, Alfred Opere, Mubita Nyambe, Sinah Kgosietsile, Jessica Omukuti, Christian Siderius  4 December, 2018

The El Niño event in 2015/2016 was one of the strongest since at least 1950. Through surveys and interviews with key informants, we found businesses in the capital cities of … read more »


Revenue decoupling for electric utilities: impacts on prices and welfare

Revenue decoupling for electric utilities: impacts on prices and welfare

a working paper by Arlan Brucal, Nori Tarui  21 November, 2018

To provide analysis that could give guidance on the effects of revenue decoupling in the electricity sector, the authors of this paper developed a simple model that allows them to assess the welfare implications of revenue decoupling, which they investigated for each American state. read more »


An assessment of climate action by high-carbon global corporations

An assessment of climate action by high-carbon global corporations

a research article by Simon Dietz, Charles Fruitiere, Carlota Garcia-Manas, William Irwin, Bruno Rauis, Rory Sullivan  19 November, 2018

Corporations are an important source of GHG emissions and important actors in mitigating climate change. This paper presents and analyses a database of corporate climate action that provides an up-to-date … read more »