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Emissions Trading and Innovation: A Theoretical and Empirical Analysis with a Specific Focus on the German Electricity Industry - Couverture souple

Cames, Martin

 
9783838115795: Emissions Trading and Innovation: A Theoretical and Empirical Analysis with a Specific Focus on the German Electricity Industry

Synopsis

One major objective of the introduction of emissions trading in the European Union was to promote innovation towards mitigating climate change. Focusing on the German electricity industry, this book analyses from a theoretical and an empirical perspective the extent to which this objective has been achieved and how the design of the trading scheme could be improved to this end. The theoretical analysis was largely based on an algebraic model which allowed for comparison of the relevant companies? profits under various configurations of the design options. The empirical analysis was grounded on two surveys of the electricity industry ? one prior to the start of emissions trading, the other after two and a half years of experience had been gained ? which enabled identification of the concrete changes in the companies? perceptions and attitudes towards innovation as a result of the introduction of emissions trading. The analysis reveals some indications that the instrument has basically functioned as originally intended although it has certainly not yet developed its full potential in terms of promoting innovation towards a more climate friendly electricity system.

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Présentation de l'éditeur

One major objective of the introduction of emissions trading in the European Union was to promote innovation towards mitigating climate change. Focusing on the German electricity industry, this book analyses from a theoretical and an empirical perspective the extent to which this objective has been achieved and how the design of the trading scheme could be improved to this end. The theoretical analysis was largely based on an algebraic model which allowed for comparison of the relevant companies? profits under various configurations of the design options. The empirical analysis was grounded on two surveys of the electricity industry ? one prior to the start of emissions trading, the other after two and a half years of experience had been gained ? which enabled identification of the concrete changes in the companies? perceptions and attitudes towards innovation as a result of the introduction of emissions trading. The analysis reveals some indications that the instrument has basically functioned as originally intended although it has certainly not yet developed its full potential in terms of promoting innovation towards a more climate friendly electricity system.

Biographie de l'auteur

Martin Cames studied Economics and Political Science at Freie Universität Berlin (Diploma in Economics 1993). Since 1994 he has been employed at Öko-Institut in Berlin, becoming its Head of Energy and Climate Division in 2008. He was a visiting researcher at MIT in 2006 and completed his PhD in Economics at Technische Universität Berlin in 2009.

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