The paper studies the interaction between emerging markets for tradable green certificates (TGCs) and CO2-emissions in the electricity sector linked by renewable generated electricity (RES-E). We distinguish…
Germany has committed itself to reducing its carbon emissions by 25 percent in 2005 as compared to 1990 emission levels. To achieve this goal, the government has recently launched an environmental tax reform…
Innovation-oriented environmental regulation is extremely attractive for policy planners and decision makers, since it is expected that innovations can cut costs of environmental measures and overcome existing…
In the Kyoto Protocol to the UN Framework Convention on Climate Change, industrialized countries agreed on binding absolute targets for greenhouse gas emissions and on the admission of flexible market-economy…