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Title:What Does Europe Pay for Clean Energy? Review of Macroeconomic Simulation Studies PDF Logo
Authors:Dannenberg, Astrid
Mennel, Tim
Moslener, Ulf
Issue Date:2007
Series/Report no.:ZEW Discussion Papers 07-019
Abstract:This paper analyses the macroeconomic costs of environmental regulation in European energy markets on the basis of existing macroeconomic simulation studies. The analysis comprises the European emssion trading scheme, energy taxes, measures in the transport sector, and the promotion of renewable energy sources. We find that these instruments affect the European economy, in particular the energy intensive industries and the industries that produce internationally tradeable goods. From a macroeconomic point of view, however, the costs of environmental regulation appear to be modest. The underlying environmental targets and the efficient design of regulation are key determinants for the cost burden.
Subjects:Environmental regulation
energy market
macroeconomic costs
JEL:Q43
Q28
Q48
Q21
Q41
Document Type:Working Paper
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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