| Publication type: | Working paper – expertise – study |
| Title: | Emissions trading in pursuit of electricity decarbonisation - market structures and regulations matter |
| Authors: | Acworth, William Kunemann, Ernst Boute, Anatole Betz, Regina |
| et. al: | No |
| Extent: | 44 |
| Issue Date: | May-2021 |
| Series: | Climate Change |
| Series volume: | 38/2021 |
| Publisher / Ed. Institution: | Umweltbundesamt |
| Publisher / Ed. Institution: | Dessau-Roßlau |
| ISSN: | 1862-4804 |
| Language: | English |
| Subject (DDC): | 363: Environmental and security problems |
| Abstract: | This report assesses the role of emissions trading systems (ETS) in electricity sector decarbonization through analyses of carbon market designs and interactions with electricity market regulations, market structures and additional policies. It provides a synthesis of five case studies in EU, California, South Korea, China and Mexico. The authors investigate four carbon price quality criteria (volatility, reflection of marginal abatement cost, predictability, and environmental effectiveness) and three abatement channels (clean dispatch, low-carbon investment, and demand-side response). They find that ETSs are especially effective in capitalizing on short-term abatement opportunities when embedded within liberalized electricity markets (e.g. change of merit order or fuel switching). But careful design may enhance effectiveness in hybrid electricity markets where carbon cost pass through might initially be absent. Carbon markets may also send long-term signals on fuel choices and investment decisions; however, the strength of these signals will depend on ETS design and companion policies. |
| URI: | https://www.umweltbundesamt.de/publikationen/emissions-trading-in-pursuit-of-electricity https://digitalcollection.zhaw.ch/handle/11475/28423 |
| License (according to publishing contract): | Licence according to publishing contract |
| Departement: | School of Management and Law |
| Organisational Unit: | Center for Energy and Environment (CEE) |
| Appears in collections: | Publikationen School of Management and Law |
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Acworth, W., Kunemann, E., Boute, A., & Betz, R. (2021). Emissions trading in pursuit of electricity decarbonisation - market structures and regulations matter. Umweltbundesamt. https://www.umweltbundesamt.de/publikationen/emissions-trading-in-pursuit-of-electricity
Acworth, W. et al. (2021) Emissions trading in pursuit of electricity decarbonisation - market structures and regulations matter. Dessau-Roßlau: Umweltbundesamt. Available at: https://www.umweltbundesamt.de/publikationen/emissions-trading-in-pursuit-of-electricity.
W. Acworth, E. Kunemann, A. Boute, and R. Betz, “Emissions trading in pursuit of electricity decarbonisation - market structures and regulations matter,” Umweltbundesamt, Dessau-Roßlau, May 2021. [Online]. Available: https://www.umweltbundesamt.de/publikationen/emissions-trading-in-pursuit-of-electricity
ACWORTH, William, Ernst KUNEMANN, Anatole BOUTE und Regina BETZ, 2021. Emissions trading in pursuit of electricity decarbonisation - market structures and regulations matter [online]. Dessau-Roßlau: Umweltbundesamt. Verfügbar unter: https://www.umweltbundesamt.de/publikationen/emissions-trading-in-pursuit-of-electricity
Acworth, William, Ernst Kunemann, Anatole Boute, and Regina Betz. 2021. “Emissions Trading in Pursuit of Electricity Decarbonisation - Market Structures and Regulations Matter.” Dessau-Roßlau: Umweltbundesamt. https://www.umweltbundesamt.de/publikationen/emissions-trading-in-pursuit-of-electricity.
Acworth, William, et al. Emissions Trading in Pursuit of Electricity Decarbonisation - Market Structures and Regulations Matter. Umweltbundesamt, May 2021, https://www.umweltbundesamt.de/publikationen/emissions-trading-in-pursuit-of-electricity.
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