@techreport{BinglerHauptstockThemaetal.2019,
  author    = {Bingler, Julia and Hauptstock, Dorothea and Thema, Johannes and Beuermann, Christiane},
  title     = {Economic models for assessing the economic effects of linking emissions trading schemes},
  series = {Climate change},
  volume    = {2019,8},
  institution = {Umweltbundesamt},
  address   = {Dessau-Ro{ß}lau},
  url       = {http://nbn-resolving.de/urn:nbn:de:bsz:wup4-opus-72833},
  pages     = {57},
  year      = {2019},
  abstract  = {Before linking emissions trading systems, there should be a good understanding of the expected economic implications: How could linking affect the development of the common allowance price, the development of emissions or industrial production, capital flows or liquidity? Answering these questions requires a multitude of data and assumptions and therefore usually the use of economic models. This report gives an overview of various economic models that are suitable for assessing the economic effects of linking. It analyses the economic indicators relevant for the assessment of the effects of linking, formulates requirements for economic models to answer this question, discusses the advantages and disadvantages of different modelling approaches and gives an assessment of which models are suitable in principle for the assessment of linking. Five models were selected for a more detailed description: E3ME, GEM-E3, PACE, POLES, and TIMES-MARKAL.},
  language  = {en}
}