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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/30469
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| Title: | | Green serves the dirtiest : on the interaction between Black and Green Quotas  |
| Authors: | | Böhringer, Christoph Rosendahl, Knut Einar |
| Issue Date: | | 2009 |
| Series/Report no.: | | CESifo working paper 2837 |
| Abstract: | | Tradable black (CO2) and green (renewables) quotas gain in popularity and stringency within climate policies of many OECD countries. The overlapping regulation through both instruments, however, may have important adverse economic implications. Based on stylized theoretical analysis and substantiated with numerical model simulations for the German electricity market, we show that a green quota imposed on top of a black quota does not only induce substantial excess cost but serves the dirtiest power technologies as compared to a black quota regime only. |
| Subjects: | | emissions trading green quotas overlapping regulation |
| JEL: | | D61 H21 H22 Q58 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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