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  1. Allowance transactions in the EU ETS - evidence from Austrian companies
    Erschienen: January 2022
    Verlag:  Österreichisches Institut für Wirtschaftsforschung, Wien

    Emission trading has been the key instrument in the EU's climate policy since its introduction in 2005. According to economic literature, emissions trading should ensure the achievement of a given reduction target at the lowest possible costs, by... mehr

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 533
    keine Fernleihe

     

    Emission trading has been the key instrument in the EU's climate policy since its introduction in 2005. According to economic literature, emissions trading should ensure the achievement of a given reduction target at the lowest possible costs, by equalising marginal abatement costs of the installations covered. According to previous studies, however, only a limited number of companies have engaged in trading pointing at a limited economic efficiency of the scheme. This paper contributes to the growing body of empirical literature on allowance transactions by providing an analysis for Austria. For this purpose, two approaches are combined – a quantitative analysis of data on allowance transactions from the EUTL and a survey among Austrian firms in the EU ETS on their trading behaviour, motivations, and strategies. Our results show that allowance transactions have increased over time and that Austrian companies in the EU ETS tend to mainly acquire allowances in the market. The majority of Austrian companies reported compliance as the main motive for purchasing allowances. However, they stated that the time horizon of buying allowances for compliance purposes has been rather short so far, but some Austrian ETS participants intend to emphasise earlier purchases and consider a longer period in their purchasing strategy. Moreover, our analysis shows that it is a limited number of large companies (trading companies and large energy suppliers) that is very active in the market. Market actors have gotten accustomed to this new market for emissions over the past 16 years which is illustrated by increasing quantities and volumes traded. Nevertheless, for Austrian companies there is some potential for adapting their trading strategies in order to incorporate the future challenges, primarily for those companies not used to trading on international energy or resource markets.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/249261
    Schriftenreihe: WIFO working papers ; 641 (2022)
    Schlagworte: EU Emission Trading Scheme; Data analysis; Survey; Austria; Trading behaviour
    Umfang: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  2. Integrated power and economic analysis of Austria's renewable electricity transformation
    Erschienen: January 2023
    Verlag:  Österreichisches Institut für Wirtschaftsforschung, Wien

    We analyse the (techno- and macro-)economic and distributive effects of a transformation to a renewable electricity system in Austria by 2030, as stipulated by the Austrian government. For the analysis, the macroeconomic model DYNK and ATLANTIS, a... mehr

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 533
    keine Fernleihe

     

    We analyse the (techno- and macro-)economic and distributive effects of a transformation to a renewable electricity system in Austria by 2030, as stipulated by the Austrian government. For the analysis, the macroeconomic model DYNK and ATLANTIS, a partial model of the electricity market, were expanded and linked. Four transformation scenarios conforming with the 100 percent renewable electricity target in Austria on a national balance are examined, integrated into a consistent scenario for the development of the European electricity system. Additionally, sensitivity analyses with respect to the gas price are performed. Although all scenarios achieve 100 percent RES-E on a national balance, the analysis shows that electricity from gas-fired power plants will still be needed in 2030 to balance variable renewable generation, to avoid grid congestion, and for heat generation from combined heat and power plants in winter months. Another main conclusion from the simulations is that the transition towards a renewable electricity sector is almost neutral from a socio-economic perspective. It does neither reveal harmful impacts nor lead to high multiplier effects from additional investment. With high natural gas prices in the sensitivity scenarios a decrease in GDP and household income, which might motivate redistributive policies, can be observed.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/270722
    Schriftenreihe: WIFO working papers ; 657 (2023)
    START2030 working paper ; #1
    Schlagworte: renewable energies; macroeconomic modelling; electricity economics; DC-OPF; model linkage; Austria
    Umfang: 1 Online-Ressource (circa 22 Seiten), Illustrationen
  3. Transformation to a renewable electricity system in Austria
    insights from an integrated model analysis
    Erschienen: January 2023
    Verlag:  Österreichisches Institut für Wirtschaftsforschung, Wien

    We analyse the (techno- and macro-)economic and distributive effects of a transformation to a renewable electricity system in Austria by 2030, as stipulated by the Austrian government. For the analysis, the macroeconomic model DYNK and ATLANTIS, a... mehr

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 533
    keine Fernleihe

     

    We analyse the (techno- and macro-)economic and distributive effects of a transformation to a renewable electricity system in Austria by 2030, as stipulated by the Austrian government. For the analysis, the macroeconomic model DYNK and ATLANTIS, a partial model of the electricity market, were expanded and linked. Four transformation scenarios conforming with the 100 percent renewable electricity target in Austria on a national balance are examined, integrated into a consistent scenario for the development of the European electricity system. Additionally, sensitivity analyses with respect to the gas price are performed. Although all scenarios achieve 100 percent RES-E on a national balance, the analysis shows that electricity from gas-fired power plants will still be needed in 2030 to balance variable renewable generation, to avoid grid congestion, and for heat generation from combined heat and power plants in winter months. Another main conclusion from the simulations is that the transition towards a renewable electricity sector is almost neutral from a socio-economic perspective. It does neither reveal harmful impacts nor lead to high multiplier effects from additional investment. With high natural gas prices in the sensitivity scenarios a decrease in GDP and household income, which might motivate redistributive policies, can be observed.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/270723
    Schriftenreihe: WIFO working papers ; 658 (2023)
    START2030 working paper ; #2
    Schlagworte: renewable electricity; Austria; model linkage; macroeconomic model; electricity system model
    Umfang: 1 Online-Ressource (circa 25 Seiten), Illustrationen