Volltext-Downloads (blau) und Frontdoor-Views (grau)

Economic models for assessing the economic effects of linking emissions trading schemes

  • 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 modellingBefore 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.show moreshow less

Download full text files

Export metadata

Additional Services

Share in Twitter    Search Google Scholar    frontdoor_oas
Metadaten
Document Type:Report
Author:Julia Bingler, Dorothea Hauptstock, Johannes Thema, Christiane Beuermann
URN (citable link):https://nbn-resolving.org/urn:nbn:de:bsz:wup4-opus-72833
Publisher:Umweltbundesamt
Place of Publication:Dessau-Roßlau
Year of Publication:2019
Pagenumber:57
Series Title (English):Climate change
Volume:2019,8
Language:English
Division:Energie-, Verkehrs- und Klimapolitik
Dewey Decimal Classification:320 Politik