Most economic analysis and modelling studies of emission trading in greenhouse gases have been on a fairly aggregate international level and implicitly assumed governments to be the main actors. The models have mainly varied in terms of country coverage without addressing which sectors could take part in trading. In addition, little attention has been paid to the effects of trading within the E...

The greenhouse gas emissions of ports mainly come from the combustion fossil fuels produced in loading and unloading production. With continuous advancement port equipment electrification, non road mobile machinery has gradually become main source fuel emissions. On basis existing voluntary emission reduction methodology, this paper puts forward methodology hybrid power transformation project, ...

We examine the number of patent applications for climate change mitigation technologies (CCMT) filed at the European Patent Office and seek to relate it to the oversupply of emission allowances under the European Union Emission Trading System (EU ETS). We use a panel count data approach to show that firms covered by the policy take the oversupply into account when determining their level of inn...

Introducing carbon trading is an essential way to decarbonize the power system. Many existing studies mainly consider source-side unilateral (UCT). However, there are still rare considering source-load bilateral (BCT). The effect of BCT on system-wide mitigation worth studying. To fill this research gap, a hierarchical low-carbon economic-dispatch model with based Aumann–Shapley method was prop...

Section 15.2 discusses the importance of designing policies in a way which creates confidence in the future existence of a robust carbon price, so that businesses and individuals can plan their investment decisions accordingly. The current use of emissions trading schemes is discussed in Section 15.3, and 15.4 focuses particularly on the issues around creating a credible carbon price in emissio...

The aim of this report is to review the possible ways to reduce carbon emissions from the transport sector through the application of an emissions trading scheme and make recommendations regarding the most appropriate methods and timeframes for implementation of such schemes. The main elements of emissions trading schemes are introduced, including the establishment of an emissions target, metho...

This paper estimates food miles effects for Korea. The data set is constructed using 4-digit Harmonized System codes for 169 products and each product’s trade flows with a total of 71 trading partners. The food miles level is estimated as 258 billion ton-km in 2010, which is equivalent to 5.4 million tons of carbon dioxide (CO2) emissions, or 1% of the total agricultural import value. Under the...

We evaluate the e cacy of international trade in carbon emission permits when countries are guided strictly by their national self-interest. To do so, we construct a calibrated general equilibrium model that jointly describes the world economy and the strategic incentives that guide the design of national abatement policies. Countries' decisions about their participation in a trading system and...

This paper constitutes – to our best knowledge – the first econometric analysis on stock market effects of the EU Emission Trading Scheme (EU ETS). Our results suggest that EU Emission Allowance (EUA) price developments matter to the stock performance of electricity firms: EUA price changes and stock returns of the most important European electricity corporations are shown to be positively rela...