Arbeitspapier
CO2 Abatement from RES Injections in the German Electricity Sector: Does a CO2 Price Help?
The overlapping impact of the Emission Trading System (ETS) and renewable energy (RE) deployment targets creates a classic case of interaction effects. Whereas the price interaction is widely recognized and has been thoroughly discussed, the effect of an overlapping instrument on the abatement attributable to an instrument has gained little attention. This paper estimates the actual reduction in demand for European Union Allowances that has occurred due to RE deployment focusing on the German electricity sector, for the five years 2006 through 2010. Based on a unit commitment model we estimate that CO2 emissions from the electricity sector are reduced by 33 to 57 Mtons, or 10% to 16% of what estimated emissions would have been without any RE policy. Furthermore, we find that the abatement attributable to RE injections is greater in the presence of an allowance price than otherwise. The same holds for the ETS effect in presence of RE injection. This interaction effect is consistently positive for the German electricity system, at least for these years, and on the order of 0.5% to 1.5% of emissions.
- Language
-
Englisch
- Bibliographic citation
-
Series: WWZ Discussion Paper ; No. 2012/14
- Classification
-
Wirtschaft
Electric Utilities
Environmental Economics: Government Policy
- Subject
-
ETS
RE policy
interaction
emission abatement
Germany
Emissionshandel
Förderung erneuerbarer Energien
Wirkungsanalyse
Luftverschmutzung
Treibhausgas-Emissionen
Strompreis
Elektrizitätswirtschaft
Deutschland
- Event
-
Geistige Schöpfung
- (who)
-
Weigt, Hannes
Ellerman, Denny
Delarue, Erik
- Event
-
Veröffentlichung
- (who)
-
University of Basel, Center of Business and Economics (WWZ)
- (where)
-
Basel
- (when)
-
2012
- DOI
-
doi:10.5451/unibas-ep61353
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Weigt, Hannes
- Ellerman, Denny
- Delarue, Erik
- University of Basel, Center of Business and Economics (WWZ)
Time of origin
- 2012
Other Objects (12)
Models on CO2 abatement under uncertainty
Models on CO2 abatement under uncertainty
Voluntary actions for energy related CO2 abatement
CO2 Abatement in the European Industry Sector : Evaluation of Scenario-Based Transformation Pathways and Technical Abatement Measures
CO2 abatement policies in the power sector under an oligopolistic gas market
Minimum marginal abatement cost curves (Mini-MAC) for CO2 emissions reduction planning
Physical Variability in Meter-Scale Laboratory CO2 Injections in Faulted Geometries
Room-Scale CO2 Injections in a Physical Reservoir Model with Faults
Assessing Optimal CO2 Abatement Policies for the Kyoto Protocol: A Genetic Algorithms Approach
Enhanced oil recovery application in low permeability formations by the injections of CO2, N2 and CO2/N2 mixture gases
Electromobility in Germany: CO2 balance depends on charging electricity
Electromobility in Germany : CO2 balance depends on charging electricity
Models on CO2 abatement under uncertainty
Models on CO2 abatement under uncertainty
Voluntary actions for energy related CO2 abatement
CO2 Abatement in the European Industry Sector : Evaluation of Scenario-Based Transformation Pathways and Technical Abatement Measures
CO2 abatement policies in the power sector under an oligopolistic gas market
Minimum marginal abatement cost curves (Mini-MAC) for CO2 emissions reduction planning
Physical Variability in Meter-Scale Laboratory CO2 Injections in Faulted Geometries
Room-Scale CO2 Injections in a Physical Reservoir Model with Faults
Assessing Optimal CO2 Abatement Policies for the Kyoto Protocol: A Genetic Algorithms Approach
Enhanced oil recovery application in low permeability formations by the injections of CO2, N2 and CO2/N2 mixture gases
Electromobility in Germany: CO2 balance depends on charging electricity
Electromobility in Germany : CO2 balance depends on charging electricity
Models on CO2 abatement under uncertainty
Models on CO2 abatement under uncertainty
Voluntary actions for energy related CO2 abatement
CO2 Abatement in the European Industry Sector : Evaluation of Scenario-Based Transformation Pathways and Technical Abatement Measures
CO2 abatement policies in the power sector under an oligopolistic gas market
Minimum marginal abatement cost curves (Mini-MAC) for CO2 emissions reduction planning
Physical Variability in Meter-Scale Laboratory CO2 Injections in Faulted Geometries
Room-Scale CO2 Injections in a Physical Reservoir Model with Faults
Assessing Optimal CO2 Abatement Policies for the Kyoto Protocol: A Genetic Algorithms Approach
Enhanced oil recovery application in low permeability formations by the injections of CO2, N2 and CO2/N2 mixture gases
Electromobility in Germany: CO2 balance depends on charging electricity