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Sample records for european trading scheme

  1. Revision of the European trading scheme. Business views

    International Nuclear Information System (INIS)

    2007-06-01

    Created in 1992, Entreprises pour l'Environnement (EpE) is an association of large companies which have gathered to progress together in integrating environment in the strategy and daily management. Its members are companies from various sectors from industry and services, including energy intensive industries, energy producers, financial service providers, among others. EpE serves as a think tank for its members, whose experience is brought as the main feed for thoughts. Climate change has been one of the major topics for many years, and EpE has been the first circle where market-based solutions have been discussed in France. In 2002, EpE initiated the creation of AERES (www.aeres-asso.org), a group of industrial companies who made voluntary reduction commitments on the six greenhouse gases of the Kyoto protocol and have been since measuring, verifying and publishing how they stick to this commitment. In addition, many of the EpE members are directly active on the ETS carbon market, whether as financial actors or compliance users, power producer or energy-intensive industrial international groups, and the association has dedicated significant work to the analysis of the first years of operation of this market as well as discussion on future commitments and/or processes / approaches This document results from this work. It encompasses notes on: - predictability for regulators and clear visibility to industry's investments; - auctioning process; - the need for a market authority on the European carbon market; - allocation mechanisms. The document provides a summary of this material. In many instances it presents a choice that can only be made by political decision. Its purpose is to express views on such political choices stakes and consequences. These notes are based on the experience from the first period, as well as discussions among EpE members for future approaches. This contribution should be viewed as a contribution to the European dialogue on this

  2. Implementation of a european directive establishing a negotiable CO2 emissions trading scheme

    International Nuclear Information System (INIS)

    Coussy, P.

    2003-01-01

    Approved on July 22, 2003, European Directive 87/2003/EC establishes a scheme for the trading of greenhouse gas emissions allowances. Before the market comes into effect on January 1, 2005, industrialists will have to account for a new financial asset in planning development strategy: the CO 2 allowance. Each Member State is currently developing a climate plan that includes the allocation of CO 2 emissions allowances to industrial installations. It will not be possible to exceed these allowances without incurring a financial penalty. (author)

  3. EUROPEAN EMISSION TRADING SCHEME AT A TURNING POINT – FROM THE PILOT PHASE TO POST-2012

    Directory of Open Access Journals (Sweden)

    Aura Carmen Slate

    2011-09-01

    Full Text Available Climate change action has become a top priority for the European governments and for the European Union. Since the polluters are part of the energy-intensive industries, the mechanisms designed to reduce greenhouse gas emissions should focus on the economic sector as a primary source of concern. Therefore, environmental issues interrelate with the economic ones and one viable expression of this relation is the EU ETS, a cap-and-trade mechanism. The ETS started with a pilot phase in year 2005 and will continue with a third phase after 2012, period which coincides with the end of Kyoto’s commitment. Although statistical data prove that the EU ETS is becoming more efficient with each phase, in the absence of global involvement the efforts invested in the scheme will be made in vain.

  4. Policy-making under uncertainty: commentary upon the European Union Emissions Trading Scheme

    International Nuclear Information System (INIS)

    Haar, L.N.

    2006-01-01

    The authors undertake a critical assessment of the intellectual foundations supporting the new European Union (EU) Emissions Trading Scheme (ETS, or the Scheme), the cornerstone of polices designed to achieve the targets of the Kyoto Agreement of reducing emissions of greenhouse gases (GHG). Despite its considerable scope, the authors found that officially sponsored research and academic efforts in support of ETS were surprisingly limited. Importantly, in advance of implementation, a definitive consensus on both the potential economic impact and the usefulness of the Scheme in reducing the GHG emissions had not been reached. Reviewing the literature, the authors encountered varying and, at times, conflicting viewpoints, officially and in academic research, on the potential economic impact of the Scheme. These included attempts to quantify its benefits and costs, raising concern that this huge and encompassing multi-national policy initiative may have been launched with inadequate intellectual ground-work. According to the authors consistency between the ETS and other EU policies, such as those relating to energy, should have been a key concern, but such aspects have received only minimal attention in both official and academic research. The European Commission has promoted open and competitive markets for gas and power across member states, but the record in achieving such conditions is relatively poor and the authors argue that, as a result, the environmental objectives of the EU Scheme may not be thwarted. In addition, continuing disagreement over the Kyoto Agreement itself-especially with regard to its potential costs and benefits-further frustrates efforts to rigorously justify a policy in support of reducing GHG emissions. The authors argue that, given the scope of the EU Scheme, the paucity of research evidencing that it is likely to succeed in reducing GHG emissions in the form of CO 2 is surprising and should be of concern to those affected by it along with

  5. Policy-making under uncertainty: Commentary upon the European Union Emissions Trading Scheme

    International Nuclear Information System (INIS)

    Haar, Laura N.; Haar, Lawrence

    2006-01-01

    The authors undertake a critical assessment of the intellectual foundations supporting the new European Union (EU) Emissions Trading Scheme (ETS, or the Scheme), the cornerstone of polices designed to achieve the targets of the Kyoto Agreement of reducing emissions of greenhouse gases (GHG). Despite its considerable scope, the authors found that officially sponsored research and academic efforts in support of ETS were surprisingly limited. Importantly, in advance of implementation, a definitive consensus on both the potential economic impact and the usefulness of the Scheme in reducing the GHG emissions had not been reached. Reviewing the literature, the authors encountered varying and, at times, conflicting viewpoints, officially and in academic research, on the potential economic impact of the Scheme. These included attempts to quantify its benefits and costs, raising concern that this huge and encompassing multi-national policy initiative may have been launched with inadequate intellectual ground-work. According to the authors consistency between the ETS and other EU policies, such as those relating to energy, should have been a key concern, but such aspects have received only minimal attention in both official and academic research. The European Commission has promoted open and competitive markets for gas and power across member states, but the record in achieving such conditions is relatively poor and the authors argue that, as a result, the environmental objectives of the EU Scheme may not be thwarted. In addition, continuing disagreement over the Kyoto Agreement itself-especially with regard to its potential costs and benefits-further frustrates efforts to rigorously justify a policy in support of reducing GHG emissions. The authors argue that, given the scope of the EU Scheme, the paucity of research evidencing that it is likely to succeed in reducing GHG emissions in the form of CO 2 is surprising and should be of concern to those affected by it along with

  6. European Union-Emission Trading Scheme: outlook for the chemical industry

    International Nuclear Information System (INIS)

    Coussy, P.; Alberola, E.

    2013-01-01

    From 2013, under the European Union Emissions Trading Scheme (EU-ETS), Europe will cap its emissions of nitrous oxide (N 2 O) and per-fluorocarbons (PFC) from the chemical industry. Besides, 336 chemical industry facilities will be forced to limit their emissions at 45.8 million tons of CO 2 per year from 2013 to 2020. At date August 1, 2012, almost 70% of the carbon credits issued by the clean development mechanism (CDM) were carried out mainly through the destruction of hydro-fluorocarbons (HFC-23) (42%) and N 2 O (22%). The contribution of emission reductions through chemical processes in the Joint Implementation (JI) projects is smaller but still amounted to 32% of all projects. From 1 May 2013 the European Union will refuse CDM and JI credits from emission reductions of HFC-23 and N 2 O. The issues of the introduction of the chemical industry in the EU-ETS in the context of low CO 2 prices and limited validity of CDM and JI chemical projects are high. Therefore, domestic CO 2 emissions reductions from energy consumption of the chemistry sector will take a larger share. (authors)

  7. European Union Emissions Trading Scheme (EU-ETS) Futures Liquidity Effects: Evidence from the European Energy Exchange (EEX)

    OpenAIRE

    Ibikunle, Gbenga; Gregoriou, Andros

    2011-01-01

    We examine liquidity effects after the onset of trading in phase II of the EU-ETS for European Union Allowance (EUA) futures contracts. We obtain evidence of long-term improvement in liquidity of the EEX EUA December 2008 futures contract after the commencement of trading in phase II. Our results suggest the application of a new regime of trading rules in Phase II led to the improvements in liquidity.

  8. Leaving an emissions trading scheme : Implications for the United Kingdom and the European Union

    NARCIS (Netherlands)

    Tol, Richard S.J.

    2018-01-01

    The United Kingdom (UK) may opt to leave the European Union (EU) emissions trading system (ETS) for greenhouse gases. This policy brief examines the implications. The UK is a large importer of emission permits. Thus, meeting its climate policy targets would be much more difficult without the EU ETS,

  9. The european union emission trading scheme and energy markets: economic and financial analysis

    International Nuclear Information System (INIS)

    Bertrand, Vincent

    2012-01-01

    This thesis investigates relationships between the European Union Emission Trading Scheme (EU ETS) and energy markets. A special focus is given to fuel switching, the main short term abatement measure within the EU ETS. This consists in substituting Combined Cycle Gas Turbines (CCGTs) for hard-coal plants in off-peak power generation. Thereby coal plants run for shorter periods, which allows power producers to reduce their CO 2 emissions. In Chapter 1, we outline different approaches explaining relationships between carbon and energy markets. We also review the literature relating to these issues. Next, we further describe the fuel switching process and, in particular, we analyze the influence of energy and environmental efficiency of thermal power plants (coal and gas) on fuel switching. In Chapter 2, we provide a theoretical analysis that shows how differences in the efficiency of CCGTs can rule interactions between gas and carbon prices. The main result shows that the allowance price becomes more sensitive to the gas price when the level of CO 2 emissions increases. In Chapter 3, we examine interactions between carbon, coal, gas and electricity prices in an empirical study. Among the main results, we find that there is a significant link between carbon and gas prices in the long-run equilibrium. In Chapter 4, we analyze the cross-market price discovery process between gas and CO 2 markets. We identified in previous chapters that there is a robust significant link between gas and CO 2 markets. They are linked commodities, and their prices are affected by the same information. In an empirical analysis, we find that the carbon market is the leader in cross-market price discovery process. (author)

  10. Accounting for early action in the European Union Emission Trading Scheme

    International Nuclear Information System (INIS)

    Arto, Inaki; Gallastegui, Carmen; Ansuategi, Alberto

    2009-01-01

    In the context of emission markets, failure to include early action (EA) as a criterion when sharing out the reduction effort may be unfair. This paper presents (1) a method based on index decomposition that seeks to quantify EA and (2) a method for determining effort sharing considering EA. It is shown that, in the case of European industry (EU-15) and for the period 1995-2005, EA accounted for a reduction of 21% in energy-related CO 2 emissions. Considering two alternative schemes for sharing out the reduction effort in European industry, equal shares (all industries in all countries reduce their emissions by the same percentage) and taking EA into account, we find that Spain, Austria, Italy, the United Kingdom and Sweden would be better off under an equal shares scheme as opposed to one that takes EA into account. The efforts of the remaining countries would be greater than if EA was taken into account. An equal shares scheme would also greatly benefit the textile, non-metallic mineral, paper and 'other' industries, and would be particularly detrimental to the chemical, non-ferrous and other metal, and engineering industries.

  11. Accounting for early action in the European Union Emission Trading Scheme

    Energy Technology Data Exchange (ETDEWEB)

    Arto, Inaki [IEP, Instituto de Economia Publica, University of the Basque Country, Avd. Lehendakari Agirre, 48015 Bilbao (Spain); Departamento de Fundamentos del Analisis Economico I, University of the Basque Country, Avd. Lehendakari Agirre, 48015 Bilbao (Spain); Gallastegui, Carmen [IEP, Instituto de Economia Publica, University of the Basque Country, Avd. Lehendakari Agirre, 48015 Bilbao (Spain); Ansuategi, Alberto [Departamento de Fundamentos del Analisis Economico I, University of the Basque Country, Avd. Lehendakari Agirre, 48015 Bilbao (Spain)

    2009-10-15

    In the context of emission markets, failure to include early action (EA) as a criterion when sharing out the reduction effort may be unfair. This paper presents (1) a method based on index decomposition that seeks to quantify EA and (2) a method for determining effort sharing considering EA. It is shown that, in the case of European industry (EU-15) and for the period 1995-2005, EA accounted for a reduction of 21% in energy-related CO{sub 2} emissions. Considering two alternative schemes for sharing out the reduction effort in European industry, equal shares (all industries in all countries reduce their emissions by the same percentage) and taking EA into account, we find that Spain, Austria, Italy, the United Kingdom and Sweden would be better off under an equal shares scheme as opposed to one that takes EA into account. The efforts of the remaining countries would be greater than if EA was taken into account. An equal shares scheme would also greatly benefit the textile, non-metallic mineral, paper and 'other' industries, and would be particularly detrimental to the chemical, non-ferrous and other metal, and engineering industries. (author)

  12. Assessment of the impact of the European CO2 emissions trading scheme on the Portuguese chemical industry

    International Nuclear Information System (INIS)

    Tomas, R.A.F.; Ramoa Ribeiro, F.; Santos, V.M.S.; Gomes, J.F.P.; Bordado, J.C.M.

    2010-01-01

    This paper describes an assessment of the impact of the enforcement of the European carbon dioxide (CO 2 ) emissions trading scheme on the Portuguese chemical industry, based on cost structure, CO 2 emissions, electricity consumption and allocated allowances data from a survey to four Portuguese representative units of the chemical industry sector, and considering scenarios that allow the estimation of increases on both direct and indirect production costs. These estimated cost increases were also compared with similar data from other European Industries, found in the references and with conclusions from simulation studies. Thus, it was possible to ascertain the impact of buying extra CO 2 emission permits, which could be considered as limited. It was also found that this impact is somewhat lower than the impacts for other industrial sectors.

  13. Assessment of the impact of the European CO{sub 2} emissions trading scheme on the Portuguese chemical industry

    Energy Technology Data Exchange (ETDEWEB)

    Tomas, R.A.F. [Artenius Sines, Zona Industrial, 7520 Sines (Portugal); Ramoa Ribeiro, F.; Bordado, J.C.M. [Centro de Engenharia Quimica e Biologica, IBB-Instituto de Biotecnologia e Bioengenharia, Instituto Superior Tecnico, Av. Rovisco Pais, 1049-001 Lisboa (Portugal); Santos, V.M.S. [Instituto Superior de Economia e Gestao, R. do Quelhas, 6, 1200-781 Lisboa (Portugal); Gomes, J.F.P. [Centro de Engenharia Quimica e Biologica, IBB-Instituto de Biotecnologia e Bioengenharia, Instituto Superior Tecnico, Av. Rovisco Pais, 1049-001 Lisboa (Portugal); Departamento de Engenharia Quimica, Instituto Superior de Engenharia de Lisboa, R. Conselheiro Emidio Navarro 1949-014 Lisboa (Portugal)

    2010-01-15

    This paper describes an assessment of the impact of the enforcement of the European carbon dioxide (CO{sub 2}) emissions trading scheme on the Portuguese chemical industry, based on cost structure, CO{sub 2} emissions, electricity consumption and allocated allowances data from a survey to four Portuguese representative units of the chemical industry sector, and considering scenarios that allow the estimation of increases on both direct and indirect production costs. These estimated cost increases were also compared with similar data from other European Industries, found in the references and with conclusions from simulation studies. Thus, it was possible to ascertain the impact of buying extra CO{sub 2} emission permits, which could be considered as limited. It was also found that this impact is somewhat lower than the impacts for other industrial sectors. (author)

  14. On the determinants of industrial competitiveness: The European Union emission trading scheme and the Italian paper industry

    International Nuclear Information System (INIS)

    Meleo, Linda

    2014-01-01

    The European Union Emission Trading Scheme (EU-ETS) represents the masterpiece that the EU adopted to achieve the Kyoto Protocol and “Europe 2020” strategy goals of reducing greenhouse gas (GHG). Although the EU-ETS is designed “in order to promote reductions of greenhouse gas emissions in a cost-effective and economically efficient manner” and “without prejudice for the Treaty”, the system has become a concern issue for firms and industries over competitiveness in European and international markets in addition to carbon leakage. This paper analyses whether and to what extent the EU-ETS may harm competitiveness, by following a qualitative approach, and presenting the case of the Italian paper industry, included in the system as an energy-intensive sector. More specifically, first the paper identifies those key factors that provide a qualitative measure of the “competitiveness risk” related to the EU-ETS; then, those factors are used to examine the Italian paper industry and to assess the actual and potential risks affecting the sector. This analysis is of interest given the lack of similar studies on the Italian paper industry and represents a starting point to serve further studies and future policymaking in Italy and Europe. - Highlights: • The European Emission Trading Scheme (EU-ETS) and the effects on the Italian paper industry competitiveness. • Key factors that provide a measure of the “competitiveness risk” for the Italian paper industry. • Those risks are limited at the moment, but some factors need to be carefully managed, such as electricity uses and prices. • Industrial policies and new firms strategies are required to manage the “competitiveness risk” in the coming years

  15. Putting a price on carbon. Econometric essays on the European Union emissions trading scheme and its impacts

    Energy Technology Data Exchange (ETDEWEB)

    Aatola, P.

    2013-06-01

    This dissertation examines the main instrument of the European Union climate policy, the emissions trading scheme (EU ETS) during its first years. Emission trading provides a cost-efficient way to reduce emissions. It creates a price on carbon dioxide and thereby incentives for cleaner production. The four empirical studies in this dissertation provide new information on the price determination in the emissions trading market, market efficiency and market interactions with the electricity markets. This information is useful for many purposes. It benefits the market participants who make choice between trading of emission allowances in the market and abatement of emissions. For the authorities and policy planners the price signal and the efficiency of the markets reveal unique real-time information on marginal abatement costs, impacts of policy decisions and impacts of institutional design of this policy instrument. To be a well-functioning policy instrument the EU ETS should create a credible price signal and efficient markets for trading allowances. The objective of this dissertation is to analyze the EU ETS markets and the price of the European Union emissions allowance, EUA, with econometric time series models. A large data set on market fundamentals is used to analyze the price series. The results of this dissertation reveal that EU ETS is functions well. Carbon has a price that reflects to a large extent the market fundamentals in the study period. The markets are maturing even if not fully informational efficient yet. Interactions with electricity markets are close. The impact of price of carbon on the price of electricity is positive but spatially uneven. In the long run, also climate change affects the electricity bill. The first study of this dissertation investigates the price determination in the market. The empirical results based on years 2005-2011 show that the price of the EUA is largely determined by the market fundamentals. Especially the price of

  16. The EU Greenhouse Gas Emissions Trading Scheme

    NARCIS (Netherlands)

    Woerdman, Edwin; Woerdman, Edwin; Roggenkamp, Martha; Holwerda, Marijn

    2015-01-01

    This chapter explains how greenhouse gas emissions trading works, provides the essentials of the Directive on the European Union Emissions Trading Scheme (EU ETS) and summarizes the main implementation problems of the EU ETS. In addition, a law and economics approach is used to discuss the dilemmas

  17. Impact of the european emission trading scheme for the air transportation industry on the valuation of aircraft purchase rights

    International Nuclear Information System (INIS)

    Tarradellas-Espuny, J.; Salamero-Salas, A.; Martinez-Costa, C.

    2009-01-01

    The European Commission issued a legislative proposal in December 2006, suggesting a cap on CO 2 emissions for all planes arriving or departing from EU airports, while allowing airlines to buy and sell pollution credits on the EU carbon market (Emission Trading Scheme, or ETS). In 2008 the new scheme got the final approval. Real options appear to be ab appropriate methodology to capture the extra value brought by the new legislation on new airplane purchase rights: The airline will surely have the purchase right to the new plane if the operation of the plane generates unused pollution credits that the airline can sell at a minimum price in the carbon market. This paper tries to determine if the impact of ETS in the valuation of aircraft purchase rights is significant enough in monetary terms to include the new legislation in a complex real-option model already proposed by the authors recently. The research concludes that even the impact of ETS justifies its inclusion in the model, the quality of the available sets of historical data still raises some questions. Particularly, the assumption of market efficiency for the Carbon Pool over the recent years needs to be treated with caution. (Author) 9 refs

  18. Bonus schemes and trading activity

    NARCIS (Netherlands)

    Pikulina, E.S.; Renneboog, L.D.R.; ter Horst, J.R.; Tobler, P.N.

    2014-01-01

    Little is known about how different bonus schemes affect traders' propensity to trade and which bonus schemes improve traders' performance. We study the effects of linear versus threshold bonus schemes on traders' behavior. Traders buy and sell shares in an experimental stock market on the basis of

  19. 6. Analisis Implementasi Cyber Security Di Uni Eropa: Studi Kasus Carbon Credits Hacking Dalam European Union Emission Trading Scheme (EU ETS) Tahun 2010-2013

    OpenAIRE

    Aisya, Naila Sukma; Putranti, Ika Riswanti; Wahyudi, Fendy Eko

    2017-01-01

    Since the last two decades in the 20th century, the European Union (EU) has presented itself as a leader in climate change issues. The leadership manifested in the formation of the European Union Emission Trading Scheme (EU ETS) as an effort to fulfill the commitments of the Kyoto Protocol to reduce emissions in the region. But the existence of the EU ETS has been challenged by the emergence of carbon credits hacking case in some national registration systems in the EU ETS. This study discuss...

  20. A Study of the Determinants of Emissions Unit Allowance Price in the European Union Emissions Trading Scheme

    Directory of Open Access Journals (Sweden)

    Alina Maydybura

    2011-12-01

    Full Text Available In 2005 the European Union (EU began the first phase of the largest and most ambitious emissions trading system (EU ETS ever attempted, which then applied to all members of the EU. In its second phase whichbegan in 2008 the EU ETS now applies to all 27 members of the EU together with Norway, Iceland and Lichtenstein, the members of the European Economic Area (EEA which are not members of the Union. Inthe first phase of the EU ETS permits to emit carbon into the atmosphere known as European Union Allowances (EUA were traded in a market where the price rose to €30 and eventually fell to well below 10 Euro cents as the imperfections of the market became obvious. In the second phase which began in 2008 the price has fluctuated between €30 and €8. EUA are traded in a manner which is similar to the trading of financial instruments and a range of derivatives has developed with the total value of the market now above €120b, a growing market dominated by a few large players.This paper reports some results of an empirical investigation into the factors which appear to drive the carbon price and the key determinants of the price of an EUA. Over the last decade a number of environmental products have been developed alongside the EUA, including Certified Emissions Reductions (CERs, Renewable Energy Certificates and White Certificates (energy efficiency credits and markets have developed for a range of these environmental products. A better understanding of the determinants of these markets willhelp regulators manage these new markets and this paper aims to enhance our knowledge of the market.

  1. Has airline efficiency affected by the inclusion of aviation into European Union Emission Trading Scheme? Evidences from 22 airlines during 2008–2012

    International Nuclear Information System (INIS)

    Li, Ye; Wang, Yan-zhang; Cui, Qiang

    2016-01-01

    We investigate the impacts of including aviation into European Union Emission Trading Scheme on airline efficiency since 2008. Airline efficiency is divided into three stages: Operations Stage, Services Stage and Sales Stage, and Greenhouse Gases Emission is treated as an undesirable output of Services Stage. Two models, Network Slacks-Based Measure with weak disposability and Network Slacks-Based Measure with strong disposability, are established to evaluate the efficiencies of 22 international airlines from 2008 to 2012. The results show that: (1) Most airlines' efficiencies have increased in the period. (2) The average efficiency of European airlines is much higher than that of non-European airlines. (3) The model with weak disposability is more reasonable in distinguishing the airline efficiency while strong disposability is a more reasonable way in treating undesirable outputs. - Highlights: • A new theoretical model of airlines efficiency is built. • Network Slacks-Based Measure models with weak disposability and strong disposability are proposed. • The efficiencies of 22 airlines from 2008 to 2012 are evaluated. • The impacts of including airlines into European Union Emission Trading Scheme are analyzed.

  2. Global climate regulation and border adjustment mechanisms: the case of carbon importers inclusion in the european trading scheme

    International Nuclear Information System (INIS)

    2008-06-01

    The creation of an inclusion mechanism applied to imports whose production process increases significantly the global climate risk is looked upon as a solution to a collective-action problem. Such a mechanism would provide those States that will sign the next United Nations Convention on Climate Change with a potential remedy if and when gaps between quantified objects, to which all are committed, entail significant competition distortions. Whether this mechanism assumes the form of an external carbon tax or consists in including importers in the European system of CO 2 quota exchanges, it would surely respond to the re-distributive need generated by global warming, provided that the proceeds are used to help bring industrial production in developing countries up to standard. These restrictive measures aimed at preserving the planet are probably compatible with the extraordinary regimes applied by the WTO, which already uses exogenous non-trade norms to arbitrate conflicts. This would validate further the legitimacy of authority transfers onto the WTO, whose scope of legal authority increases constantly, along with that of conflicts that stem from collective preferences. (author)

  3. Carbon trading: Current schemes and future developments

    International Nuclear Information System (INIS)

    Perdan, Slobodan; Azapagic, Adisa

    2011-01-01

    This paper looks at the greenhouse gas (GHG) emissions trading schemes and examines the prospects of carbon trading. The first part of the paper gives an overview of several mandatory GHG trading schemes around the world. The second part focuses on the future trends in carbon trading. It argues that the emergence of new schemes, a gradual enlargement of the current ones, and willingness to link existing and planned schemes seem to point towards geographical, temporal and sectoral expansion of emissions trading. However, such expansion would need to overcome some considerable technical and non-technical obstacles. Linking of the current and emerging trading schemes requires not only considerable technical fixes and harmonisation of different trading systems, but also necessitates clear regulatory and policy signals, continuing political support and a more stable economic environment. Currently, the latter factors are missing. The global economic turmoil and its repercussions for the carbon market, a lack of the international deal on climate change defining the Post-Kyoto commitments, and unfavourable policy shifts in some countries, cast serious doubts on the expansion of emissions trading and indicate that carbon trading enters an uncertain period. - Highlights: → The paper provides an extensive overview of mandatory emissions trading schemes around the world. → Geographical, temporal and sectoral expansion of emissions trading are identified as future trends. → The expansion requires considerable technical fixes and harmonisation of different trading systems. → Clear policy signals, political support and a stable economic environment are needed for the expansion. → A lack of the post-Kyoto commitments and unfavourable policy shifts indicate an uncertain future for carbon trading.

  4. European wood-fuel trade

    International Nuclear Information System (INIS)

    Hillring, B.; Vinterbaeck, J.

    2001-01-01

    This paper discusses research carried out during the l990s on European wood fuel trade at the Department of Forest Management and Products, SLU, in Sweden. Utilisation of wood-fuels and other biofuels increased very rapidly in some regions during that period. Biofuels are replacing fossil fuels which is an effective way to reduce the future influence of green house gases on the climate. The results indicate a rapid increase in wood-fuel trade in Europe from low levels and with a limited number of countries involved. The chief products traded are wood pellets, wood chips and recycled wood. The main trading countries are, for export, Germany and the Baltic states and, for import, Sweden, Denmark and to some extent the Netherlands. In the future, the increased use of biofuel in European countries is expected to intensify activity in this trade. (orig.)

  5. ETUDE - European Trade Union Distance Education.

    Science.gov (United States)

    Creanor, Linda; Walker, Steve

    2000-01-01

    Describes transnational distance learning activities among European trade union educators carried out as part of the European Trade Union Distance Education (ETUDE) project, supported by the European Commission. Highlights include the context of international trade union distance education; tutor training course; tutors' experiences; and…

  6. The Political Economy of International Emissions Trading Scheme Choice

    DEFF Research Database (Denmark)

    Boom, Jan-Tjeerd; Svendsen, Jan Tinggard

    2000-01-01

    The Kyoto Protocol allows emission trade between the Annex B countries. We consider three schemes of emissions trading: government trading, permit trading and credit trading. The schemes are compared in a public choice setting focusing on group size and rent-seeking from interest groups. We find ...

  7. Carbon Emission Trading. A survey of regional and national emission trading schemes outside the European Union; Handel med utslaeppsraetter. Kartlaeggning av EU-externa regionala och nationella system foer handel med koldioxidutslaepp

    Energy Technology Data Exchange (ETDEWEB)

    Widegren, Karin

    2007-03-15

    For those countries that ratified the Kyoto Protocol this is naturally one of the most important incentives for the introduction of mandatory measures such as emissions trading schemes. At the same time, there are major similarities between the political discussions in countries that ratified the Kyoto Protocol and countries that did not. In all countries there is a great interest in market-based regulation such as emissions trading, at the same time as the political difficulties in achieving unity on the limits and shaping of the systems are very substantial. In countries with a federal government, operators at the regional level frequently have a prominent role. The driving force for the regional players is frequently a desire to influence the federal policy from below at the same time as goodwill is created and a learning process is developed that may become a competitive advantage the day a federal system is introduced. Regional initiatives and the introduction of different voluntary programs for emissions trading have also contributed to an increased interest on the part of industry and industrial operators. They have in several cases actively participated in the design of such programs. When it comes to the operational status of the different schemes none of the studied countries is expected to have a nationally compulsory trading system in operation prior to 2010. Most initiatives are at the initial stage and have been delayed many times on account of significant administrative and political difficulties. It may be established that as regards market volume, liquidity and practical experiences EU ETS is in a class of its own. The most common trading system that is planned or debated is of the type 'cap and trade'. Systems focus almost without exception on the energy sector and on emissions of carbon dioxide. Frequently, proposals include a wide variety of approved emission credits (offset). The design of these emission credits often reflects other

  8. Carbon Emission Trading. A survey of regional and national emission trading schemes outside the European Union; Handel med utslaeppsraetter. Kartlaeggning av EU-externa regionala och nationella system foer handel med koldioxidutslaepp

    Energy Technology Data Exchange (ETDEWEB)

    Widegren, Karin

    2007-03-15

    For those countries that ratified the Kyoto Protocol this is naturally one of the most important incentives for the introduction of mandatory measures such as emissions trading schemes. At the same time, there are major similarities between the political discussions in countries that ratified the Kyoto Protocol and countries that did not. In all countries there is a great interest in market-based regulation such as emissions trading, at the same time as the political difficulties in achieving unity on the limits and shaping of the systems are very substantial. In countries with a federal government, operators at the regional level frequently have a prominent role. The driving force for the regional players is frequently a desire to influence the federal policy from below at the same time as goodwill is created and a learning process is developed that may become a competitive advantage the day a federal system is introduced. Regional initiatives and the introduction of different voluntary programs for emissions trading have also contributed to an increased interest on the part of industry and industrial operators. They have in several cases actively participated in the design of such programs. When it comes to the operational status of the different schemes none of the studied countries is expected to have a nationally compulsory trading system in operation prior to 2010. Most initiatives are at the initial stage and have been delayed many times on account of significant administrative and political difficulties. It may be established that as regards market volume, liquidity and practical experiences EU ETS is in a class of its own. The most common trading system that is planned or debated is of the type 'cap and trade'. Systems focus almost without exception on the energy sector and on emissions of carbon dioxide. Frequently, proposals include a wide variety of approved emission credits (offset). The design of these emission credits often reflects other political

  9. Define a course for the France in the european system of emissions quotas exchange in agreement with the European Emission Trading Scheme directive; Definir un cap pour la France dans le systeme europeen d'echange de quotas d'emissions en accord avec la directive 'ETS'

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-04-15

    The project aims to define an independent evaluation of a course in France for the application of the European Emissions Trading Scheme, in the part I and II, taking into account the objective of the emission trading directive, using public data available in march 2006. In a first part the author presents the five key criteria which should be used to define the National Allocation Plan. The next part is the definition of the course and the last part the implications of the course. (A.L.B.)

  10. Integration, Trade Policy and European Footwear Trade

    OpenAIRE

    Winters, L. Alan

    1992-01-01

    This paper constructs a simulation model of the EC footwear market with which to consider the effects of EC trade policies. It examines the Southern enlargement of the EC, the quotas imposed on Korean and Taiwanese sales - initially in France and Italy and subsequently, in line with the `1992' programme, EC-wide - and the liberalization of imports from Eastern Europe. Import restrictions are shown to be costly - especially those against Eastern Europe.

  11. Globalized Trade, Logistics and Intermodality: European Perspectives

    NARCIS (Netherlands)

    Henstra, D.; Ruijgrok, C.J.; Tavasszy, L.A.; Capineri, C.; Leinbach, T.; Black, W.

    2007-01-01

    This chapter describes megatrends that are shaping international trade, logistics organization and (multi)modal transport in Europe. It focuses on impacts on the European context, both from the peculiarities arising from the European uni?cation process and the European transport policies but also

  12. An emerging equilibrium in the EU emissions trading scheme

    International Nuclear Information System (INIS)

    Bredin, Don; Muckley, Cal

    2011-01-01

    The European Union's Emissions Trading Scheme (ETS) is the key policy instrument of the European Commission's Climate Change Program aimed at reducing greenhouse gas emissions to eight percent below 1990 levels by 2012. A critically important element of the EU ETS is the establishment of a market determined price for EU allowances. This article examines the extent to which several theoretically founded factors including, economic growth, energy prices and weather conditions determine the expected prices of the European Union CO 2 allowances during the 2005 through to the 2009 period. The novel aspect of our study is that we examine heavily traded futures instruments that have an expiry date in Phase 2 of the EU ETS. Our study adopts both static and recursive versions of the Johansen multivariate cointegration likelihood ratio test as well as a variation on this test with a view to controlling for time varying volatility effects. Our results are indicative of a new pricing regime emerging in Phase 2 and point to a maturing market driven by the fundamentals. These results are valuable both for traders of EU allowances and for those policy makers seeking to improve the design of the European Union ETS.

  13. The evolution of emissions trading in the EU. Tensions between national trading schemes and the proposed EU directive

    International Nuclear Information System (INIS)

    Boemare, Catherine; Quirion, Philippe; Sorrell, Steve

    2003-12-01

    The EU is pioneering the development of greenhouse gas emissions trading, but there is a tension between the 'top-down' and 'bottom-up' evolution of trading schemes. While the Commission is introducing a European emissions trading scheme (EU ETS) in 2005, several member states have already introduced negotiated agreements that include trading arrangements. Typically, these national schemes have a wider scope than the proposed EU directive and allow firms to use relative rather than absolute targets. The coexistence of 'top-down' and 'bottom-up' trading schemes may create some complex problems of policy interaction. This paper explores the potential interactions between the EU ETS and the negotiated agreements in France and UK and uses these to illustrate some important generic issues. The paper first describes the proposed EU directive, outlines the UK and French policies and compares their main features to the EU ETS. It then discusses how the national and European policies may interact in practice. Four issues are highlighted, namely, double regulation, double counting of emission reductions, equivalence of effort and linking trading schemes. The paper concludes with some recommendations for the future development of UK and French climate policy

  14. Further development of the EU Emissions Trading Scheme in Germany and the European Union under consideration of experiences in other EU Member States; Weiterentwicklung des Emissionshandels - national und auf EU-Ebene

    Energy Technology Data Exchange (ETDEWEB)

    Wartmann, S; Klaus, S; Scharte, M; Harnisch, J [Ecofys GmbH, Nuernberg (Germany); Heilmann, S; Bertenrath, R [FiFo Koeln (Germany)

    2008-02-15

    The study analyses options for further development of the EU Emissions Trading Scheme (EU-ETS) after 2012. The first analysis focuses on the effects of the EU-ETS on companies, power prices, competitiveness and employment. It is followed by an analysis of overlaps or lacking coverage regarding the climate policies EU-ETS, Eco-Tax (Oekosteuer) resp. Energy Tax, the Renewable Energy Sources Act and the Combined Heat and Powert Act. These instruments are analysed with regards to their coherence. As a next step, the national allocation plans of France, The Netherlands, the United Kingdom and Poland are evaluated and recommendations are developed. Best practice recommendations for further developing the EU-ETS after 2012 both at the European and the national level are developed from the comparison of these European national allocation plans. Finally, design features of certificate systems relevant for international linking of such systems are addressed. In the analysis such design features are identified and approaches for problems potentially arising when certificate systems are linked, are developed. (orig.)

  15. The EU Emissions Trading Scheme and Biomass. Final Report

    International Nuclear Information System (INIS)

    Schwaiger, H.; Tuerk, A.; Arasto, A.; Vehlow, J.; Kautto, N.; Sijm, J.; Hunder, M.; Brammer, J.

    2009-02-01

    Within its Energy and Climate Package, adopted by the European Parliament in December 2008, the European commission set a 10% minimum for the market share of renewables in the transport sector in 2020. To find the appropriate instruments to reach this target and the instrument mix with which biomass use in general could be best stimulated are the main questions of this project. An important instrument of the European Climate Policy is the European Emissions Trading Scheme (EU-ETS), which started operation in 2005. Previous work done within Bioenergy NoE showed that only a high share of auctioning of allowances and a high CO2 price provide necessary incentives for a higher biomass use. According to the Energy and Climate Package, all allowances will be auctioned in the energy sector from 2013 on, with exceptions for a few CEE countries. Based on work done within the project, a model has been developed to analyse at which CO2 price biomass becomes competitive in case of 100 per cent auctioning or at a lower level. The European Commission furthermore decided not to include the road transport sector into the EU-ETS until 2020. Whether the inclusion of the road transport sector in the EU-ETS, could help introducing biofuels, a separate trading scheme for biofuels should be set up, or biofuels should be addressed with other policy instruments, was another main question of this project. The first result shows that an integrated scheme would hardly have any effects on the use of liquid biofuels in the transportation sector, but might cause higher CO2 prices for the energy and industry sector. A separate trading scheme has been implemented in the UK in 2008, California is planning such as scheme in addition to include the road transport sector into the future ETS. Within this project the design of such as system has been elaborated based on the comparison of several policy instruments to increase the use of liquid biofuels in the transportation sector. Policy interaction

  16. EU Action against Climate Change. EU emissions trading. An open scheme promoting global innovation

    International Nuclear Information System (INIS)

    2005-01-01

    The European Union is committed to global efforts to reduce the greenhouse gas emissions from human activities that threaten to cause serious disruption to the world's climate. Building on the innovative mechanisms set up under the Kyoto Protocol to the 1992 United Nations Framework Convention on Climate Change (UNFCCC) - joint implementation, the clean development mechanism and international emissions trading - the EU has developed the largest company-level scheme for trading in emissions of carbon dioxide (CO2), making it the world leader in this emerging market. The emissions trading scheme started in the 25 EU Member States on 1 January 2005

  17. The EU Emissions Trading Scheme. Allowance Prices, Trade Flows, Competitiveness Effects

    International Nuclear Information System (INIS)

    Klepper, G.; Peterson, S.

    2004-03-01

    The upcoming European Emissions Trading Scheme (ETS) is one of the more controversial climate policy instruments. Predictions about its likely impact and its performance can at present only be made to a certain degree. As long as the National Allocations Plans are not finally settled the overall supply of allowances is not determined. In this paper we will identify key features and key impacts of the EU ETS by scanning the range of likely allocation plans using the simulation model DART. The analysis of the simulation results highlights a number of interesting details in terms of allowance trade flows between member countries, of allowance prices, and in terms of the role of the accession countries in the ETS

  18. Ethical food standard schemes and global trade

    DEFF Research Database (Denmark)

    Daugbjerg, Carsten; Botterill, Linda Courtenay

    2012-01-01

    Global food trade embodies a range of different interpretations of the nature of food and its role in society. On the one hand, the WTO food regulation regime, in particular the SPS agreement, is based upon a somewhat instrumental value of food consumption in which food is seen as a commodity...... base of each institution while giving expression to both materialist and postmaterialist understandings of the nature of food....... to be traded in accordance with international trade rules. At the same time, a number of private standards, such as GlobalG.A.P and various organic standards, are emerging which embody broadly postmaterialist values that suggest that food purchasing and consumption are also social, ethical and perhaps even...

  19. ANALYSIS OF EUROPEAN UNION LEGISLATION ON TRADE

    Directory of Open Access Journals (Sweden)

    GRIBINCEA Lilia;

    2016-12-01

    Full Text Available On June 27, 2014 there was signed an Association Agreement between the Republic of Moldova, on one hand and the European Union and the European Atomic Energy Community and its Member States, on the other hand (hereinafter - the Association Agreement. The Association Agreement entered into force on 1 July 2016. The signing of the Association Agreement was as a result of the close ties between the parties established by the Partnership and Cooperation Agreement between the European Communities and their Member States, on the one hand, and the Republic of Moldova on the other hand, which develops within the European Neighborhood policy and the Eastern Partnership, as well as recognition of the shared desire of the parties to further develop, strengthen and expand their relationships. The Association Agreement contributes to the development of trade and economic relations between the parties. The Republic of Moldova is obliged to take necessary measures to ensure compliance with the objectives of Union's regulations and to follow the principles and practices set out in the relevant acquis of the Union. The Republic of Moldova will also gradually include relevant acquis of the Union in its legislation, in accordance with the provisions of the Association Agreement. The legislative background regulatory EU trade is subject studies only a small circle of researchers, approaches and sequential episodic in character, without being integrated into a systemic study, complex, integrated. The objectives of the research are to analyze the most important EU regulations on trade.

  20. Influence of the Emissions Trading Scheme on generation scheduling

    International Nuclear Information System (INIS)

    Kockar, Ivana; McDonald, James R.; Conejo, Antonio J.

    2009-01-01

    The paper investigates the effects of emissions constraints and Emissions Trading Scheme (ETS) on the generation scheduling outcome. ETS is a cap-and-trade market mechanism that has been introduced in European Union in order to facilitate CO 2 emissions management. This scheme gives generators certain amount of CO 2 allowances which they can use to cover emissions produced during energy generation. In a current setting, most of the allowances are given for free. However, under ETS generators also have an opportunity to buy and sell CO 2 allowances on the market. Since generation power outputs are bounded by the amount of CO 2 emissions that they are allowed to produce over time, it is becoming increasingly important for generating units to manage their allocations in the most profitable way and decide when and how much of permissions to spent to produce electricity. The method proposed here allows for modeling of this new limitation by including costs of buying and selling of CO 2 allowance in the generation scheduling procedure. It also introduces additional emissions constraints in the problem formulation. Although CO 2 permissions and energy are traded in separate markets, the proposed formulation permits analysis on how emission caps and emission market prices can influence market outcome. The method is illustrated on a 5-unit system. Given examples compare (i) a base-case when all generators have made a decision to use portions of their total free allocations that do not cause any shortfall during the investigated time period; (ii) two cases when the least expensive generators' decisions on the amount of free allowances they are willing to use during the considered period are insufficient. In all cases generators also submit prices at which they expect to be able to ''top-up'' or sell allowances on the market, however, only in the second and third case the ''buying'' option becomes active and affects generation scheduling and total costs. In addition, the

  1. Linking CO{sub 2} emissions from international shipping to the EU emissions trading scheme

    Energy Technology Data Exchange (ETDEWEB)

    Kaageson, Per [Nature Associates, Stockholm (Sweden)

    2009-09-15

    The objective of the report is to analyse the feasibility of a cap-and-trade system for CO{sub 2} emissions from international shipping linked to the European Emission Trading Scheme (ETS). The idea presented in the paper is to tie the permission for a ship to call at a port of a participating country to the vessels participation in a scheme for emissions trading under a common cap. The ship would be liable for emissions from fuel bunkered during, say, six months prior to a call at a participating port. With this design, emissions from the return voyages of ships involved in intercontinental traffic would automatically be covered, and shipowners and operators would gain nothing by calling at ports just outside the European Union. The geographical scope would thus be global, albeit limited to ships that call at ports of the European Union (and other participating states). The fuel consumption, that the surrendered CO{sub 2} allowances would have to match, could be declared by using the existing mandatory bunker delivery notes that all ships above 400 GT need to keep according to Regulation 18 of MARPOL Annex VI. The report discusses various ways for initial allocation of allowances and concludes that the least distorting method would be to sell them on auction and recycle all or most of the revenues to the shipping sector in a way that does not interfere with the objective of the trading scheme. In the case where Maritime Emissions Trading Scheme (METS) is initially limited to the ports of the European Union, at least 6 200 million ton less CO{sub 2} would be emitted over the 23 years between 2012 and 2035 compared to a business-as-usual scenario. However, a great part of this would be reductions in land-based sources paid indirectly by the shipping sector. (orig.)

  2. European emissions trading - the business perspective

    International Nuclear Information System (INIS)

    Pocklington, D.

    2002-01-01

    Annex I parties to the Kyoto Protocol will commit to reducing the emissions of the basket of greenhouse gases by the equivalent of 135 MtC by the first commitment period of 2008-2012. Within the overall target, the EU has agreed to an average reduction of 8%, although this is subject to burden sharing within an EU ''bubble'', in which there are substantial differences in Member States' allocations. The instruments for reduction are emissions trading, industrial country joint implementation and clean development mechanism. By their nature, market instruments, such as emissions trading, are reliant upon the efficient operation of the market, which in turn depends upon the full involvement of the maximum number of participants to ensure liquidity. Although emissions trading has been generally welcomed by industry, when the proposals were published, many representative organisations expressed reservations concerning its format and details. The position papers of those organisations reviewed in this article demonstrate that within industry there is a high degree of unanimity on the majority of the critical issues within the current proposal, and agreement on the components that should be included in the final version. If the Commission's ambitious timetable is to be achieved, significant changes will need to be made to the proposal, for it is unlikely to achieve early adoption in its present form, and the longer the process takes, the more the national schemes will have the opportunity to develop and ultimately shape the EU scheme that is eventually agreed. In this respect, there certainly will be ''early mover advantage'' to those Member States that have or are currently establishing their own schemes, and have the requisite political weight to impose their views. (author)

  3. Incentives for energy efficiency in the EU emission trading scheme

    Energy Technology Data Exchange (ETDEWEB)

    Schleich, Joachim [Fraunhofer-Institut fuer Systemtechnik und Innovationsforschung (ISI), Karlsruhe (Germany); Virginia Polytechnic Inst. and State Univ., Blacksburg, VA (United States); Rogge, Karoline [Fraunhofer-Institut fuer Systemtechnik und Innovationsforschung (ISI), Karlsruhe (Germany); ETH Zurich (Switzerland). Group for Sustainability and Technology; Betz, Regina [New South Wales Univ. (Australia). Centre for Energy and Environmental Markets

    2008-07-01

    This paper explores the incentives for energy efficiency induced by the European Union Emissions Trading Scheme (EU ETS) for installations in the energy and industry sectors. Our analysis of the National Allocation Plans for 27 EU Member States for phase 2 of the EU ETS (2008-2012) suggests that the price and cost effects for improvements in carbon and energy efficiency in the energy and industry sectors will be stronger than in phase 1 (2005-2007), but only because the European Commission has substantially reduced the number of allowances to be allocated by the Member States. To the extent that companies from these sectors (notably power producers) pass through the extra costs for carbon, higher prices for allowances translate into stronger incentives for demand- side energy efficiency. With the cuts in allocation to energy and industry sectors these will be forced to greater reductions, thus the non-ET sectors like household, tertiary and transport will have to reduce less, which is more in line with the cost-efficient share of emission reductions. The findings also imply that domestic efficiency improvements in the energy and industry sectors may remain limited since companies can make substantial use of credits from the Kyoto mechanisms. The analysis of the rules for existing installations, new projects and closures suggests that incentives for energy efficiency are higher in phase 2 than in phase 1 because of the increased application of benchmarking to new and existing installations and because a lower share of allowances will be allocated for free. Nevertheless, there is still ample scope to further improve the EU ETS so that the full potential for energy efficiency can be realized. (orig.)

  4. Impacts of the EU emissions trading scheme on the industrial competitiveness in Germany

    Energy Technology Data Exchange (ETDEWEB)

    Graichen, Verena; Schumacher, Katja; Matthes, Felix C.; Mohr, Lennart [Oeko Institut e.V., Berlin (Germany); Duscha, Vicky; Schleich, Joachim [Fraunhofer-Institut fuer Systemtechnik und Innovationsforschung (ISI), Karlsruhe (Germany); Diekmann, Jochen [DIW, Berlin (Germany)

    2008-09-15

    The authors of the contribution under consideration present a discussion of methods, and provide empirical results for the analysis of effects of the EU Emissions Trading Scheme on product costs and subsequent impacts on international competitiveness. The discussion shows that the combination of intensity of trade indicators and value at stake indicators reveals meaningful results that allow assessing the potential for distortion in competitiveness by the EU Emissions Trading Schemes. The analysis of trade intensities and value at stake showed that a small number of sectors may in fact be exposed to distortions in competitiveness due to both high trade intensity and high value at stake. For Germany, these include 'basic iron and steel', 'fertilizers and nitrogen compounds', 'paper and paperboard', 'aluminium and aluminium products' and 'other basic inorganic chemicals'. A number of other sectors reveal a high intensity of trade but low value at stake which implies that the increase in product costs due to the EU Emissions Trading Scheme is relatively small and negative effects on competitiveness may not be likely. For the sectors that reveal high values at stake and high trade intensities, market positions are likely to change under the EU Emissions Trading system due to increased production costs and high exposure to international competition. When deciding on which sectors are highly exposed to possible distortions in competitiveness and which measures should be implemented to address competitiveness and leakage it should be kept in mind that CO{sub 2} costs are only one of multiple factors affecting companies' production and investment decisions. Other factors that may deserve detailed investigation include product differentiation and market segmentation within a sector (including specialty products), close cooperation with domestic/European partners and intrafirm trade, differences across countries in the

  5. European schemes for promoting renewables in liberalised markets

    International Nuclear Information System (INIS)

    Meyer, Niels I.

    2003-01-01

    The paper describes possibilities and problems for penetration of supply systems based on renewable energy sources in liberalised markets. The analysis is based on recent development in EU with different models for support of installations based on renewable energy. These include feed-in models with guaranteed minimum tariffs, tender models for different bands of technologies, and green certificates trading models with obligatory consumer quota. The paper describes the market situation in selected European countries, including Germany, the UK, Holland and Denmark. An EU directive from September 2001 has postponed the decision on a possible harmonisation of promotional models until at least 2005 in order to obtain more practical experience with the different support schemes. A critical evaluation is given in this paper of the different models with proposals for a balanced development between environmental and trading concerns. It is argued that too much emphasis is presently given to the side of free trade at the expense of long range planning for a sustainable energy development

  6. Emission trading scheme: market analysis and forecasting scenarios

    International Nuclear Information System (INIS)

    Clo, Stefano

    2006-01-01

    This article offers an economic analysis of the Emission Trading Scheme (ETS) and its institutional framework; we introduce an economic model able to simulate some possible market price's scenarios. The aim of this article is to offer a better market fundamentals' comprehension and to help economic agents building their expectations about market's development [it

  7. Examination of forest products trade between Turkey and European ...

    African Journals Online (AJOL)

    The success of getting in the foreign trade forms one of the basic stones of economic development for countries. The current and potential trading volume among countries and determining the main factors affecting trade are quite important. The trade currents of the European Union (EU) countries and Turkey in the forest ...

  8. Linking project-based mechanisms with domestic greenhouse gas emissions trading schemes

    International Nuclear Information System (INIS)

    Bygrave, S.; Bosi, M.

    2004-01-01

    Although there are a number of possible links between emission trading and project-based mechanisms, the focus of this paper is on linking domestic GHG emission trading schemes with: (1) domestic; and, (2) international (JI and CDM) GHG reduction project activities. The objective is to examine some of the challenges in linking DETs and project-based mechanisms, as well as some possible solutions to address these challenges. The link between JI / CDM and intergovernmental international emissions trading (i.e. Article 17 of the Kyoto Protocol) is defined by the Kyoto Protocol, and therefore is not covered in this paper. The paper is written in the context of: (a) countries adhering to the Kyoto Protocol and elaborating their strategies to meet their GHG emission commitments, including through the use of the emissions trading and project-based mechanisms. For example, the European Union (EU) will be commencing a GHG Emissions Trading Scheme in January 2005, and recently, the Council of ministers and the European Parliament agreed on a text for an EU Linking Directive allowing the use of JI and CDM emission units in the EU Emission Trading Scheme (EU-ETS); and (b) all countries (and/or regions within countries) with GHG emission obligations that may choose to use domestic emissions trading and project-based mechanisms to meet their GHG commitments. The paper includes the following elements: (1) an overview of the different flexibility mechanisms (i.e. GHG emissions trading and PBMs), including a brief description and comparisons between the mechanisms (Section 3); (2) an exploration of the issues that emerge when project-based mechanisms link with domestic emissions trading schemes, as well as possible solutions to address some of the challenges raised (Section 4); (3) a case study examining the EU-ETS and the EU Linking Directive on project-based mechanisms, in particular on how the EU is addressing in a practical context relevant linking issues (Section 5); (4) a

  9. Presentation of the information report on the greenhouse gas emission trading scheme

    International Nuclear Information System (INIS)

    2010-01-01

    This document reports the hearing during which the results of an investigation on European Union Emission Trading Scheme (ETS) have been commented. The author of this investigation briefly describes the scheme, how it has been implemented. He outlines some of its weaknesses and discusses how it could be improved, notably by extending it to different sectors, for example the air transport sector. He also outlines how this European Union scheme could be an example for the rest of the world. The author and the Commission members then discuss several aspects: the origins of CO 2 emissions and how to take them into account, the international negotiations and the positions of China or India, the taxing possibilities, and the fact that the nuclear energy does not award credits

  10. Cap and trade schemes on waste management: A case study of the Landfill Allowance Trading Scheme (LATS) in England

    International Nuclear Information System (INIS)

    Calaf-Forn, Maria; Roca, Jordi; Puig-Ventosa, Ignasi

    2014-01-01

    Highlights: • LATS has been effective to achieve a reduction of the amount of landfilled waste. • LATS has been one of the few environmental instruments for waste management with a cap and trade methodology. • LATS has achieved to increase recycling of the biodegradable and other waste fractions. - Abstract: The Landfill Allowance Trading Scheme (LATS) is one of the main instruments used in England to enforce the landfill diversion targets established in the Directive 1999/31/EC of the European Parliament and of the Council of 26 April 1999 on the landfill of waste (Landfill Directive). Through the LATS, biodegradable municipal waste (BMW) allowances for landfilling are allocated to each local authority, otherwise known as waste disposal authorities (WDAs). The quantity of landfill allowances received is expected to decrease continuously from 2005/06 to 2019/20 so as to meet the objectives of the Landfill Directive. To achieve their commitments, WDAs can exchange, buy, sell or transfer allowances among each other, or may re-profile their own allocation through banking and/or borrowing. Despite the goals for the first seven years – which included two target years (2005/06 and 2009/10) – being widely achieved (the average allocation of allowances per WDA was 22.9% higher than those finally used), market activity among WDAs was high and prices were not very stable. Results in terms of waste reduction and recycling levels have been satisfactory. The reduction of BMW landfilled (in percentage) was higher during the first seven years of the LATS period (2005/06–2011/12) (around 7% annually) than during the previous period (2001/02–2004/05) (4.2% annually). Since 2008, the significance of the LATS diminished because of an increase in the rate of the UK Landfill Tax. The LATS was suppressed after the 2012/13 target year, before what it was initially scheduled. The purpose of this paper is to describe the particularities of the LATS, analyse its performance as

  11. Cap and trade schemes on waste management: A case study of the Landfill Allowance Trading Scheme (LATS) in England

    Energy Technology Data Exchange (ETDEWEB)

    Calaf-Forn, Maria, E-mail: mcalaf@ent.cat [Institut de Ciència i Tecnologia Ambientals (ICTA), Universitat Autònoma de Barcelona (UAB), E-08193 Bellaterra, Barcelona (Spain); ENT Environment and Management, Carrer Sant Joan 39, First Floor, E-08800 Vilanova i la Geltrú, Barcelona (Spain); Roca, Jordi [Departament de Teoria Econòmica, Universitat de Barcelona (UB), Diagonal, 696, E-08034 Barcelona (Spain); Puig-Ventosa, Ignasi [ENT Environment and Management, Carrer Sant Joan 39, First Floor, E-08800 Vilanova i la Geltrú, Barcelona (Spain)

    2014-05-01

    Highlights: • LATS has been effective to achieve a reduction of the amount of landfilled waste. • LATS has been one of the few environmental instruments for waste management with a cap and trade methodology. • LATS has achieved to increase recycling of the biodegradable and other waste fractions. - Abstract: The Landfill Allowance Trading Scheme (LATS) is one of the main instruments used in England to enforce the landfill diversion targets established in the Directive 1999/31/EC of the European Parliament and of the Council of 26 April 1999 on the landfill of waste (Landfill Directive). Through the LATS, biodegradable municipal waste (BMW) allowances for landfilling are allocated to each local authority, otherwise known as waste disposal authorities (WDAs). The quantity of landfill allowances received is expected to decrease continuously from 2005/06 to 2019/20 so as to meet the objectives of the Landfill Directive. To achieve their commitments, WDAs can exchange, buy, sell or transfer allowances among each other, or may re-profile their own allocation through banking and/or borrowing. Despite the goals for the first seven years – which included two target years (2005/06 and 2009/10) – being widely achieved (the average allocation of allowances per WDA was 22.9% higher than those finally used), market activity among WDAs was high and prices were not very stable. Results in terms of waste reduction and recycling levels have been satisfactory. The reduction of BMW landfilled (in percentage) was higher during the first seven years of the LATS period (2005/06–2011/12) (around 7% annually) than during the previous period (2001/02–2004/05) (4.2% annually). Since 2008, the significance of the LATS diminished because of an increase in the rate of the UK Landfill Tax. The LATS was suppressed after the 2012/13 target year, before what it was initially scheduled. The purpose of this paper is to describe the particularities of the LATS, analyse its performance as

  12. Legal frameworks for emissions trading in the European Union

    Energy Technology Data Exchange (ETDEWEB)

    Maeaettae, K.; Anttonen, K. (Univ. of Joensuu (Finland)). Email: kalle.maatta@joensuu.fi; Upston-Hooper, K. (GreenStream Networks, Helsinki (Finland)); Mehling, M. (Univ. of Greifswald (Germany)); Perrels, A. (Government Institute for Economic Research VATT, Helsinki (Finland)), email: adriaan.perrels@vatt.fi

    2009-07-01

    The project is based on a comparative and pragmatic review of the legal frameworks for implementing the EU Emission Trading Scheme (ETS) in four EU jurisdictions (Finland, Sweden, United Kingdom and Germany). The project does not seek to examine the rationale of utilizing tradable mechanisms nor assess the costs and benefits of doing so. Its primary focus is to undertake a detailed study of the legal realities involved in implementing the EU ETS, particularly those issues of commercial importance such as taxation and accounting rules. The methodology adopted has been to formulate a comprehensive questionnaire (of approximately 70 questions) to be used as the basis of national reports together with a stand alone analysis by VATT, and in turn use the national reports and VATT study as the building blocks of a comparative overview report. The questionnaire seeks to highlight those significant legal and regulatory issues that impact on the establishment of emission allowance trading arrangements within the respective jurisdictions. The comparative analysis of these issues will focus on 'golden threads' of similarity and difference that impact on the establishment of an internal market within the European Union for the trading of emissions allowances. (orig.)

  13. Legal frameworks for emissions trading in the European Union

    International Nuclear Information System (INIS)

    Upston-Hooper, K.; Perrells, A.; Anttonen, K.; Mehling, M.

    2007-01-01

    The Project is based on a comparative and pragmatic review of the legal frameworks for implementing the EU Emission Trading Scheme (ETS) in four EU jurisdictions (Finland, Sweden, United Kingdom and Germany). The Project does not seek to examine the rationale of utilizing tradable mechanisms nor assess the costs and benefits of doing so. Its primary focus is to undertake a detailed study of the legal realities involved in implementing the EU ETS, particularly those issues of commercial importance such as taxation and accounting rules. The methodology adopted has been to formulate a comprehensive questionnaire (of approximately 70 questions) to be used as the basis of national reports together with a stand alone analysis by VATT, and in turn use the national reports and VATT study as the building blocks of a comparative overview report. The questionnaire seeks to highlight those significant legal and regulatory issues that impact on the establishment of emission allowance trading arrangements within the respective jurisdictions. The comparative analysis of these issues will focus on 'golden threads' of similarity and difference that impact on the establishment of an internal market within the European Union for the trading of emissions allowances. (orig.)

  14. Emission trading schemes: potential revenue effects, compliance costs and overall tax policy issues

    International Nuclear Information System (INIS)

    Pope, Jeff; Owen, Anthony D.

    2009-01-01

    The case for the imposition of carbon (emission) taxes or tradable carbon permits in important tax jurisdictions is arguably strong, based upon the polluter pays principle first proposed by Pigou almost a century ago. This paper briefly reviews the arguments for and against these market-based instruments, and discusses their relative advantages and disadvantages in a practical context. In the case of Australia, the revenue effect of the proposed tradable carbon permits scheme is estimated to be A$11.5 billion in 2010-11. For comparison, this is roughly equivalent to a quarter of the revenue from the Goods and Services Tax. The paper focuses on three neglected aspects of climate change taxation discussion to date: how much tax revenue is likely to be raised, and the administrative and compliance costs of an emissions trading scheme, with particular reference to Australia. In discussing these issues, the paper draws upon selected and relevant international experience, particularly the European Union emissions trading scheme. The challenges of an emissions trading scheme, including integration with the existing tax system, particularly in an Australian context, are also discussed. The paper concludes by emphasising the key challenges and issues facing this 'ultimate externality' debate, particularly from a taxation policy perspective.

  15. Energy supplier obligations and white certificate schemes: Comparative analysis of experiences in the European Union

    International Nuclear Information System (INIS)

    Bertoldi, Paolo; Rezessy, Silvia; Lees, Eoin; Baudry, Paul; Jeandel, Alexandre; Labanca, Nicola

    2010-01-01

    A number of Member States of the European Union (EU) have introduced market-based policy portfolios based on quantified energy savings obligations on energy distributors or suppliers, possibly coupled with certification of project-based energy savings (via white certificates), and the option to trade the certificates or obligations. The paper provides an up-to-date review and analysis of results to date of white certificate schemes in the EU. In the EU supplier obligations and white certificate schemes have delivered larger savings than originally expected with obliged companies exceeding targets and, in some cases, at cost below what policy makers have anticipated. Supplier obligations foster the uptake of standardised energy efficiency actions often targeting smaller energy users (residential sector), lowering the transaction costs and contributing to market transformation. The role of certificate trading is more ambiguous. Trading can bring benefits where the target is set sufficiently high with respect to the energy-saving potential in the sectors covered. Theoretically trading may be better suited for broader systems with comprehensive coverage, but even in smaller schemes trading may reduce the transaction costs of compliance for obliged actors without sufficient expertise on end-use energy efficiency. Yet, trading increases the administrative cost ratio of energy-saving obligations.

  16. Energy supplier obligations and white certificate schemes: Comparative analysis of experiences in the European Union

    Energy Technology Data Exchange (ETDEWEB)

    Bertoldi, Paolo, E-mail: paolo.bertoldi@ec.europa.e [European Commission, Joint Research Centre, Institute for Energy, Via E. Fermi 1, TP 450, 21027 Ispra (Vatican City State, Holy See) (Italy); Rezessy, Silvia, E-mail: silvia.rezessy@ec.europa.e [European Commission, Joint Research Centre, Institute for Energy, Via E. Fermi 1, TP 450, 21027 Ispra (Vatican City State, Holy See) (Italy); Lees, Eoin, E-mail: eoin@eoinleesenergy.co [Eoin Lees Energy, 4 Silver Lane, West Challow, Wantage, Oxon OX12 9TX (United Kingdom); Baudry, Paul, E-mail: paul.baudry@edf.f [EDF R and D, Centre des Renardieres, 77818 Moret sur Loing (France); Jeandel, Alexandre, E-mail: alexandre.jeandel@gdfsuez.co [GDF SUEZ, 16, rue Ville L' Eveque, 75008 Paris (France); Labanca, Nicola, E-mail: nicola.labanca@polimi.i [eERG, Politecnico di Milano, Via Lambruschini n. 4, 20156 Milano (Italy)

    2010-03-15

    A number of Member States of the European Union (EU) have introduced market-based policy portfolios based on quantified energy savings obligations on energy distributors or suppliers, possibly coupled with certification of project-based energy savings (via white certificates), and the option to trade the certificates or obligations. The paper provides an up-to-date review and analysis of results to date of white certificate schemes in the EU. In the EU supplier obligations and white certificate schemes have delivered larger savings than originally expected with obliged companies exceeding targets and, in some cases, at cost below what policy makers have anticipated. Supplier obligations foster the uptake of standardised energy efficiency actions often targeting smaller energy users (residential sector), lowering the transaction costs and contributing to market transformation. The role of certificate trading is more ambiguous. Trading can bring benefits where the target is set sufficiently high with respect to the energy-saving potential in the sectors covered. Theoretically trading may be better suited for broader systems with comprehensive coverage, but even in smaller schemes trading may reduce the transaction costs of compliance for obliged actors without sufficient expertise on end-use energy efficiency. Yet, trading increases the administrative cost ratio of energy-saving obligations.

  17. Trade integration and trade imbalances in the European Union: a network perspective.

    Science.gov (United States)

    Krings, Gautier M; Carpantier, Jean-François; Delvenne, Jean-Charles

    2014-01-01

    We study the ever more integrated and ever more unbalanced trade relationships between European countries. To better capture the complexity of economic networks, we propose two global measures that assess the trade integration and the trade imbalances of the European countries. These measures are the network (or indirect) counterparts to traditional (or direct) measures such as the trade-to-GDP (Gross Domestic Product) and trade deficit-to-GDP ratios. Our indirect tools account for the European inter-country trade structure and follow (i) a decomposition of the global trade flow into elementary flows that highlight the long-range dependencies between exporting and importing economies and (ii) the commute-time distance for trade integration, which measures the impact of a perturbation in the economy of a country on another country, possibly through intermediate partners by domino effect. Our application addresses the impact of the launch of the Euro. We find that the indirect imbalance measures better identify the countries ultimately bearing deficits and surpluses, by neutralizing the impact of trade transit countries, such as the Netherlands. Among others, we find that ultimate surpluses of Germany are quite concentrated in only three partners. We also show that for some countries, the direct and indirect measures of trade integration diverge, thereby revealing that these countries (e.g. Greece and Portugal) trade to a smaller extent with countries considered as central in the European Union network.

  18. Trade Integration and Trade Imbalances in the European Union: A Network Perspective

    Science.gov (United States)

    Krings, Gautier M.; Carpantier, Jean-François; Delvenne, Jean-Charles

    2014-01-01

    We study the ever more integrated and ever more unbalanced trade relationships between European countries. To better capture the complexity of economic networks, we propose two global measures that assess the trade integration and the trade imbalances of the European countries. These measures are the network (or indirect) counterparts to traditional (or direct) measures such as the trade-to-GDP (Gross Domestic Product) and trade deficit-to-GDP ratios. Our indirect tools account for the European inter-country trade structure and follow (i) a decomposition of the global trade flow into elementary flows that highlight the long-range dependencies between exporting and importing economies and (ii) the commute-time distance for trade integration, which measures the impact of a perturbation in the economy of a country on another country, possibly through intermediate partners by domino effect. Our application addresses the impact of the launch of the Euro. We find that the indirect imbalance measures better identify the countries ultimately bearing deficits and surpluses, by neutralizing the impact of trade transit countries, such as the Netherlands. Among others, we find that ultimate surpluses of Germany are quite concentrated in only three partners. We also show that for some countries, the direct and indirect measures of trade integration diverge, thereby revealing that these countries (e.g. Greece and Portugal) trade to a smaller extent with countries considered as central in the European Union network. PMID:24465381

  19. The Doha Negotiations on Trade in Goods: An European Perspective

    OpenAIRE

    Messerlin , Patrick

    2006-01-01

    The note reviews the basic market access issues in the Doha negotiations on trade in goods from an European perspective. First, it shows that some European negotiators are demanding more concessions in manufacturing (NAMA) that the European business community is asking for - adding strong tensions in a context already marked by severe problems in farm talks. Second, the note reveals the European interests really at stake in the agricultural negotiations, before addressing the negotiating issu...

  20. Trade Union Channels for Influencing European Union Policies

    Directory of Open Access Journals (Sweden)

    Bengt Larsson

    2015-10-01

    Full Text Available This paper analyzes what channels trade unions in Europe use when trying to influence European Union (EU policies. It compares and contrasts trade unions in different industrial relations regimes with regard to the degree to which they cooperate with different actors to influence EU policies, while also touching on the importance of sector differences and organizational resources. The study is based on survey data collected in 2010–2011 from unions affiliated with the European Trade Union Confederation and from below peak unions in 14 European countries. Results of the survey show that the ‘national route’ is generally the most important for trade unions in influencing EU policies in the sense that this channel is, on average, used to the highest degree. In addition, the survey delineates some important differences between trade unions in different industrial relations regimes with regard to the balance between the national route and different access points in the ‘Brussels route’.

  1. Foreign Trade Dvelopment between Libya and the European Union

    OpenAIRE

    Mansoor Maitah; Nassir Salim; Abulgasem Bazina

    2011-01-01

    This article deals with the analysis of foreign trade development betweenLibyaand the European Union in the recent years. Libya is one of the developing countries with large area, low density of population and large endowment of natural resources, oil and gas. The Libyan economy like a number of other Arab economies, depends heavily on oil revenue, it relies heavily on a single exportable commodity, as the main source of foreign exchange earnings. Trade relations betweenLibyaand the European ...

  2. DEVELOPMENT STAGE OF RETAIL TRADE IN THE EUROPEAN UNION

    Directory of Open Access Journals (Sweden)

    Catana Adina

    2012-07-01

    Full Text Available According to Karel De Gucht, Trade Commissioner from the European Commission, trade is working for Europe's economic recovery by ensuring growth and jobs. The European renewed trade strategy will open markets and connect Europe to the main sources and regis of global growth. The aim is to ensure that European business gets a fair deal and that countries’ rights are respected so that all can enjoy the benefits of trade. Thanks to the ease of modern transport and communications, it is now easier to produce, buy and sell goods around the world which gives European companies of every size the potential to trade outside Europe. This paper’s objective is to analyse the development stage of the European Union’s retail, and its member countries. The study is based on the research taken in the project of PhD research with the theme: The impacts of Economic Integration on Romanian Retail. For my research I used data from Eurostat, National Statistical Institute, European Union official website In the past 10 years, the volume of retail trade in EU member states has increased, but the extent of the changes varies substantially from one country to another.

  3. EU Emissions Trading Scheme and Investments in the power sector

    Energy Technology Data Exchange (ETDEWEB)

    Sapienza, M.D.; Stefanoni, S.

    2007-07-01

    How environmental regulation affects electricity players' investment decisions? Should policy makers look beyond for alternative mechanisms - such as energy efficiency, capture and storage of carbon dioxide, and incentives for renewables - to fulfill the environmental objectives set by Kyoto Protocol? This paper suggests - through a Real Option approach - how the efficacy of the EU Emission Trading Scheme on technological innovation, emissions reduction and energy price dynamics, is strongly affected by the 'hysteresis' emerging from the capital budgeting process of main utilities. As a matter of fact, long-term substitutions between coal-fired units and Combined Cycle Gas Turbine plants production only take place under quite restrictive conditions. (auth)

  4. The Political Economy of International Emission Trading Scheme Choice: Empirical Evidence

    DEFF Research Database (Denmark)

    Boom, J.T.; Svendsen, Gert Tinggaard

    2000-01-01

    The Kyoto Protocol allows emissions trading. It does however not specify how this is to take place and the discussion on the design of an emissions trading scheme is ongoing. In this paper, we give some empirical evidence on the preference of industry and environmental organizations for internati...... for international emissions trading scheme. Since they may have an influence on decision makers, their opinion is important. Our conclusion is that both industry and environmental organizations prefer credit trading, although for widely different reasons....

  5. The Belgian deposit guarantee scheme in a European perspective

    OpenAIRE

    Ch. Van Nieuwenhuyze; M. D. Zachary

    2010-01-01

    During the recent financial crisis, the deposit guarantee scheme in Belgium – as in other European countries – played a role in preventing bank runs and restoring confidence : to that end, the intervention ceilings were raised substantially and the scope of the scheme was extended to include certain life insurance policies. Finally, the expansion of the system’s coverage had to be financed by a sharp increase in the contributions from financial institutions. First of all, that measure had a p...

  6. Revenue, welfare and trade effects of European Union Free Trade Agreement on South Africa

    Directory of Open Access Journals (Sweden)

    Kore M.A. Guei

    2017-10-01

    Full Text Available Background: Using the partial equilibrium WITS-SMART Simulation model to assess the impact of liberalisation under the Trade Development and Cooperation Agreement (TDCA of a free trade area between the European Union and South Africa. The identification of the impact of such agreement allows for trade policy negotiation adjustment that can be beneficial for South Africa. Aim: The aim of the study is to estimate and discuss the impact of a Free Trade Agreement (FTA with the European Union and South Africa. More specifically, the study intends to estimate the impact of revenue, welfare, imports, exports, trade creation and to come up with policies options for South Africa that can be used in negotiations and policy formulations. Setting: The study used international trade data (2012 available in the WITS-SMART model to assess bilateral trade agreement between the European Union and South Africa. Methods: To identify the impact on revenue, welfare, imports, exports and trade creation, the study simulated an FTA (0% tariff rate for all goods exchanged between the European Union and South Africa. Also, the elasticity of substitution used for the simulation model was 99%. Results: The findings of the study reveal that total trade effects in South Africa are likely to surge by US$ 1.036 billion with a total welfare valued at US$ 134 million. Dismantling tariffs on all European Union (EU goods would be beneficial to consumers through net trade creation. Total trade creation would be US$ 782 million. However, South African producers are likely to contribute a trade diversion of US$ 254 million which has a negative impact on consumer welfare. The country might also experience a revenue loss amounting to US$ 562 million because of the removal of tariffs. In trade, the country’s exports and imports to the EU are expected to increase by US$ 12.419 million and US$ 1.266 million, respectively. Conclusion: The European Union–South Africa FTA would

  7. Trading scheme 'key' to low-carbon economy

    International Nuclear Information System (INIS)

    2006-01-01

    Federal Opposition Leader Kim Beazley has emphasised the importance of getting the economics of environmental policy right by introducing market-based mechanisms for pricing emissions. 'Market-based mechanisms such as emissions trading are central to moving to a low-carbon economy,' he said in his latest blueprint. 'A functioning carbon market will deliver a price signal, so there is a long-term incentive to cut emissions further, and a mechanism for trading, so that energy can be allocated efficiently in the economy. It will also encourage greater private investment in clean energy technology.' Mr Beazley said the new market would also reward the many companies who were already adapting to a carbon-constrained world. 'This includes those global companies in Australia that already operate in emissions trading markets overseas. An effective price signal for carbon in Australia will allow these companies to benefit directly from their good corporate citizenship and long-term vision.' Mr Beazley has committed a federal Labor government to work with state governments and business to establish the national trading scheme. He also criticised the Federal Government for refusing to ratify the Kyoto Protocol, which he argued excluded Australian businesses from participating in the emerging global carbon trade. This made it harder for businesses to break into the market for cleaner production technologies overseas. While again admitting Kyoto was not perfect, Mr Beazley said ratification would see Australia part of what would potentially be 'the biggest market in the world by 2020'. He said the recent Asia Pacific Climate Change Pact was a positive step but was not an alternative to Kyoto. 'Above all, it has no economic mechanisms to drive further change. 'Without ratifying Kyoto some of our businesses are missing out on effective participation in international schemes that offer substantial financial rewards for greenhouse gas reductions. 'By ratifying Kyoto and adopting

  8. Judicial aspects of emission trade. Emission trade in the European Union

    International Nuclear Information System (INIS)

    Van Beuge, M.J.J.

    2004-01-01

    Emission trade will start in Europe in 2005. In a series of articles an overview will be given of several juridical aspects with respect to the international and national trade of emission. In part 1 attention was paid to the international judicial basis for the present climate policy. In this article an overview is given of developments with regard to emission trade in the European Union [nl

  9. The trading game : emissions trading schemes offer pollution as a market commodity

    Energy Technology Data Exchange (ETDEWEB)

    Bradbury, D.

    2005-07-01

    This paper discussed the market mechanisms for emissions trading. The concept emerged in signatory countries to the Kyoto Protocol in response to their commitment to reduce greenhouse gas (GHG) emissions. Emissions trading systems allow large polluters to buy and sell pollution credits in order to meet emission reduction targets. While member states in the European Union (EU) started trading in February 2005, Canada is still developing its own proposal that will be introduced in 2008 to correspond with the first phase of the Kyoto Protocol. In contrast to the European model that places absolute limits on GHG emissions, the Canadian system is intensity-based. Heavy polluters, known as large final emitters, will have to cut emissions of the 6 GHGs covered under the Kyoto Protocol as a percentage of their total industrial output. Companies that reduce their emissions more than their defined targets can trade the surplus as credits on the open domestic market. It was argued that this allows businesses to meet their own emissions targets while failing to contribute effectively to Canada's overall Kyoto target. In addition, in order to lessen the burden to industry, Canada has imposed a $15 cap on the price of credits, which is in contrast to the European system. It was argued that businesses in Europe will be more motivated to meet their targets because of the higher value on European pollution credits. With less onus on business in Canada to reduce absolute targets, the burden of reducing GHG emissions has shifted to federal taxpayers. The paper addressed some of the factors that led to Canada's decision to use an intensity-based system. One main factor was the refusal of the United States to ratify the Kyoto Protocol and the cost disadvantage this would create for Canadian firms. However, some argue that by paying more attention to energy use, companies can reduce emissions and increase shareholder value by achieving cost savings that are greater than the

  10. Rents in the European power sector due to carbon trading

    International Nuclear Information System (INIS)

    Keppler, Jan Horst; Cruciani, Michel

    2010-01-01

    The European Union Emissions Trading Scheme (EU ETS) has imposed a price on the allowances for CO 2 emissions of electricity companies. Integrating this allowance price into the price of electricity earns a rent for companies who have received these allowances for free. During Phase I, 2005-2007, rents corresponding to the aggregate value of allocated allowances amounted to roughly EUR 13 billion per year. However, due to the specific price-setting mechanism in electricity markets true rents were considerably higher. This is due to the fact that companies also that have not received any allowances gain additional infra-marginal rents to the extent that their variable costs are below the new market price after inclusion of the allowance price. Producers with low carbon emissions and low marginal costs thus also benefit substantially from carbon pricing. This paper develops a methodology to determine the specific interaction of the imposition of such a CO 2 constraint and the price-setting mechanism in the electricity sector under the assumption of marginal cost pricing in a liberalized European electricity market. The article thus provides an empirical estimate of the true total rents of power producers during Phase I of the EU-ETS (2005-2007). The EU ETS generated in Phase I additional rents in excess of EUR 19 billion per year for electricity producers. These transfers are distributed very unevenly between different electricity producers. In a second step, the paper assesses the impact of switching from free allocation to an auctioning of allowances in 2013. We show that such a switch to auctioning will continue to create additional infra-marginal rents for certain producers and will leave the electricity sector as a whole better off than before the introduction of the EU ETS. (author)

  11. Skill Content of Intra-European Trade Flows

    Directory of Open Access Journals (Sweden)

    Zeddies, Goetz

    2013-04-01

    Full Text Available In recent decades, the international division of labor has expanded rapidly in the wake of European integration. In this context, especially Western European high-wage countries should have specialized on (human-capital intensively manufactured goods and should have increasingly sourced labor-intensively manufactured goods, especially parts and components, from Eastern European low wage countries. Since this should be beneficial for the high-skilled and harmful to the lower-qualified workforce in high-wage countries, the opening up of Eastern Europe is often considered as a vital reason for increasing unemployment of the lower-qualified in Western Europe. This paper addresses this issue by analyzing the skill content of Western European countries’ bilateral trade using input-output techniques in order to evaluate possible effects of international trade on labor demand. Thereby, differences in factor inputs and production technologies have been considered, allowing for vertical product differentiation. In this case, skill content of bilateral exports and imports partially differs substantially, especially in bilateral trade between Western and Eastern European countries. According to the results, East-West trade should be harmful particularly to the medium-skilled in Western European countries.

  12. Emissions trading for climate policy - US and European perspectives

    Energy Technology Data Exchange (ETDEWEB)

    Bernd Hansjuergens (ed.) [Martin Luther-Universitaet Halle-Wittenburg (Germany)

    2005-07-01

    The 1997 Kyoto Conference introduced emissions trading as a new policy instrument for climate protection. Bringing together scholars in the fields of economics, political science and law, this book provides a description, analysis and evaluation of different aspects of emissions trading as an instrument to control greenhouse gases. The authors analyse theoretical aspects of regulatory instruments for climate policy, provide an overview of US experience with market-based instruments, draw lessons from existing trading schemes for the control of greenhouse gases, and discuss options for emissions trading in climate policy. They also highlight the background of climate policy and instrument choice in the US and Europe and of the emerging new systems in Europe, particularly the new EU's directive for a CO{sub 2} emissions trading system. 8 figs., 15 tabs.

  13. Emissions trading and competitiveness: pros and cons of relative and absolute schemes

    International Nuclear Information System (INIS)

    Kuik, Onno; Mulder, Machiel

    2004-01-01

    Emissions trading is a hot issue. At national as well as supranational levels, proposals for introduction of emissions trading schemes have been made. This paper assesses alternative emissions trading schemes at domestic level: (1) schemes where the total level of emissions is fixed (absolute cap-and-trade), (2) schemes where the allowable level of emissions per firm is related to some firm-specific indicator (relative cap-and-trade), and (3) mixed schemes which combine elements of the above alternatives. We present a quantitative assessment of these alternatives for climate change policy in the Netherlands. It is concluded that while relative cap-and-trade would avoid negative effects on competitiveness, it would not reduce emissions at the lowest costs. Besides, the addition of a trade system to existing relative standards does not result in additional emission reduction; it should be combined with other policy measures, such as energy taxes, in order to realise further reduction. Absolute cap-and-trade leads to efficient emissions reduction, but, implemented at the national level, its overall macroeconomic costs may be significant. The mixed scheme has as drawback that it treats firms unequal, which leads to high administrative costs. We conclude that none of the trading schemes is an advisable instrument for domestic climate policy

  14. Impact of the european emission trading scheme for the air transportation industry on the valuation of aircraft purchase rights; Impacto de la ley de comercio europeo de emisiones de CO{sub 2} para el sector del transporte aereo en la valoracion de los derechos de compra de aviones

    Energy Technology Data Exchange (ETDEWEB)

    Tarradellas-Espuny, J.; Salamero-Salas, A.; Martinez-Costa, C.

    2009-07-01

    The European Commission issued a legislative proposal in December 2006, suggesting a cap on CO{sub 2} emissions for all planes arriving or departing from EU airports, while allowing airlines to buy and sell pollution credits on the EU carbon market (Emission Trading Scheme, or ETS). In 2008 the new scheme got the final approval. Real options appear to be ab appropriate methodology to capture the extra value brought by the new legislation on new airplane purchase rights: The airline will surely have the purchase right to the new plane if the operation of the plane generates unused pollution credits that the airline can sell at a minimum price in the carbon market. This paper tries to determine if the impact of ETS in the valuation of aircraft purchase rights is significant enough in monetary terms to include the new legislation in a complex real-option model already proposed by the authors recently. The research concludes that even the impact of ETS justifies its inclusion in the model, the quality of the available sets of historical data still raises some questions. Particularly, the assumption of market efficiency for the Carbon Pool over the recent years needs to be treated with caution. (Author) 9 refs.

  15. Eu emission trading scheme and its implications on energy sector of Lithuania

    International Nuclear Information System (INIS)

    Streimikiene, D.; Mikalauskiene, A.

    2004-01-01

    The main objectives of the article are to analyse the theoretical principles of emission trading and to emphasize the main features and requirements of EU emission trading scheme. The goal of the article to assess the impact of GHG emission trading on economy and GHG emission reduction in EU and Lithuania

  16. Emissions trading to combat climate change: The impact of scheme design on transaction costs

    OpenAIRE

    Betz, Regina

    2006-01-01

    This paper explores the likely impact of emissions trading design on transaction costs. Transaction costs include both the costs for the private sector to comply with the scheme rules and the costs of scheme administration. In economic theory transaction costs are often assumed to be zero. But transaction costs are real costs and there is no reason for treating them differently to other costs. Thus, in setting up an emissions trading scheme, transaction costs have to be taken into account in ...

  17. Greenhouse gas emission trading schemes: a new tool for the environmental regulator's kit

    International Nuclear Information System (INIS)

    Soleille, Sebastien

    2006-01-01

    As the European Union greenhouse gas emission trading scheme (ETS) is emerging, it seems interesting to look back on previous experiments and to bring together a few elements of reflection about the pertinence of ETS as a new policy tool to regulate industrial pollution. So far, several regulatory tools have been used to decrease pollution. This article focuses on two of them, command-and-control (CAC) and ETS. There is no simple answer to which one is more efficient. It depends strongly on the context. Given a few elements outlined in this paper, the choice of an ETS to abate industrial emissions of greenhouse gases in the European Union (EU) can be considered pertinent. But, ultimately, what makes a scheme environmentally efficient is not the tool in itself (ETS or CAC) but the ambition of the target. Hence the design of the National Allocation Plans setting the emission caps are of paramount importance. They will make the EU ETS either a useless mess or an effective climate change mitigation policy tool

  18. European Trading Companies and Economic Development in the ...

    African Journals Online (AJOL)

    The paper focuses on the gradual planting of European colonial presence in the interior of the Basin through the agency of their trading companies and the activities of the African middlemen. With time, the result was the establishment of pioneer oil mills and a gradual but peaceful interaction with the rural dwellers of the ...

  19. Extension of EU Emissions Trading Scheme to Other Sectors and Gases: Consequences for Uncertainty of Total Tradable Amount

    International Nuclear Information System (INIS)

    Monni, S.; Syri, S.; Pipatti, R.; Savolainen, I.

    2007-01-01

    Emissions trading in the European Union (EU), covering the least uncertain emission sources of greenhouse gas emission inventories (CO 2 from combustion and selected industrial processes in large installations), began in 2005. During the first commitment period of the Kyoto Protocol (2008-2012), the emissions trading between Parties to the Protocol will cover all greenhouse gases (CO 2 , CH 4 , N 2 O, HFCs, PFCs, and SF 6 ) and sectors (energy, industry, agriculture, waste, and selected land-use activities) included in the Protocol. In this paper, we estimate the uncertainties in different emissions trading schemes based on uncertainties in corresponding inventories. According to the results, uncertainty in emissions from the EU15 and the EU25 included in the first phase of the EU emissions trading scheme (2005-2007) is ±3% (at 95% confidence interval relative to the mean value). If the trading were extended to CH 4 and N 2 O, in addition to CO 2 , but no new emissions sectors were included, the tradable amount of emissions would increase by only 2% and the uncertainty in the emissions would range from -4 to +8%. Finally, uncertainty in emissions included in emissions trading under the Kyoto Protocol was estimated to vary from -6 to +21%. Inclusion of removals from forest-related activities under the Kyoto Protocol did not notably affect uncertainty, as the volume of these removals is estimated to be small

  20. North American free trade and the European situation compared.

    Science.gov (United States)

    Weintraub, S

    1992-01-01

    The author analyzes and compares the trade situation in the European Community (EC) with the North American Free Trade Agreement (NAFTA). He finds that "while both the EC and NAFTA are designed to provide trade preferences to the member countries, the two groupings differ markedly in other respects. The Treaty of Rome, establishing what is now the EC, consciously used economic means to foster political cohesion in Western Europe; whereas, the NAFTA negotiations seek free trade rather than more comprehensive economic integration precisely to minimize political content. The EC contains many social provisions absent from the NAFTA discussions, the most important of which is the right of migration from one EC country to another." The effects of NAFTA on the economy of Mexico and on Mexican migration to the United States are also assessed. excerpt

  1. Emissions Trading: The Ugly Duckling in European Climate Policy?

    Energy Technology Data Exchange (ETDEWEB)

    Wraake, Markus

    2009-07-15

    The initial years of the European Union's Emissions Trading System (EU ETS) have provided a large-scale testing ground for trading of a new environmental commodity, carbon dioxide. This paper provides an overview of the origins and characteristics of the EU ETS. It then goes on to analyse the most contentious issues that have been discussed in the economics literature and in the public debate surrounding the trading system. The lessons learned are diverse and not all experiences are positive. Nevertheless, invaluable information has been gained from the EU ETS and policy makers in Europe and elsewhere would be wise to make use of it, be they supporters of emissions trading or sceptics to such policies. The paper concludes with a look toward the future, highlighting some upcoming revisions of the EU ETS and at what issues remain unresolved

  2. Opportunities for Pellet Trade - Towards a Single European Pellet Market

    International Nuclear Information System (INIS)

    Pigaht, Maurice; Janssen, Rainer; Rutz, Dominik; Boehm, Thorsten; Vasen, Norbert; Vegas, Laura; Karapanagiotis, Nicolas

    2006-01-01

    The potential for Pellets trade in Europe was researched and assessed. Such trade is of key importance for the development of a European pellet market of sufficient supply, demand, price and quality standards. Three target markets were taken as case studies for the trade assessment: Greece, Spain and Italy. All three markets stand to profit greatly from international trade. For these markets, pellet imports could supply the basis for the development of a domestic boiler market. At the same time, pellet exports would allow the planning of larger pellet production plants. Whilst these additional costs amount to some 10-20% of the Pellets price, they are financially acceptable, especially for new markets and 'peaks' in the demand/supply of established markets

  3. The impact of Romanian adhesion to European Union on exterior trade

    OpenAIRE

    Craciunas, Diana

    2009-01-01

    Analysis of the Romanian external trade policies in European integration context underlining the external trade policy of Romania which according with European Union policies after the joining to the European Union, the improvement and adaptation of external trade policy to the European standards through internal and external measures and the commercial effect of the extensions of the European Union over non member countries of Europe and on the European Union position in the international co...

  4. A plausible congestion management scheme for the internal electricity market of the European Union

    International Nuclear Information System (INIS)

    Perez-Arriaga, I.J.; Olmos, L.

    2005-01-01

    This paper proposes a scheme for the management of network congestion in the Internal Electricity Market (IEM) of the European Union. This scheme tries to combine the rigor in the treatment of the energy and transmission capacity transactions with the flexibility and pragmatism that are necessary to make the scheme compatible with the current diversity of regulatory approaches and market structures in the Member States participating in the IEM. First, a reference scheme is presented with a complete formulation that jointly deals with the energy and capacity markets. Because of the implementation difficulties of this conceptually ideal approach, a more pragmatic scheme is proposed instead. The core of this scheme is an explicit auction mechanism that must be run prior to any short-term (daily, typically) energy markets. In this auction, where only transmission capacity is traded, both bilateral contracts and energy bids to Power Exchanges can participate in order to acquire the capacity that is necessary to carry out their transactions. Some technical issues related to the practical implementation of the proposed approach are also examined; these include market liquidity, the financial or physical nature of the long-term contracts, the potential problems of 'slicing' transmission capacity and the allocation of congestion rents. Market power issues are ignored. (author)

  5. A plausible congestion management scheme for the internal electricity market of the European Union

    Energy Technology Data Exchange (ETDEWEB)

    Perez-Arriaga, I.J.; Olmos, L. [Universidad Pontificia Comillas, Madrid (Spain). Instituto de Investigacion Tecnologica

    2005-06-01

    This paper proposes a scheme for the management of network congestion in the Internal Electricity Market (IEM) of the European Union. This scheme tries to combine the rigor in the treatment of the energy and transmission capacity transactions with the flexibility and pragmatism that are necessary to make the scheme compatible with the current diversity of regulatory approaches and market structures in the Member States participating in the IEM. First, a reference scheme is presented with a complete formulation that jointly deals with the energy and capacity markets. Because of the implementation difficulties of this conceptually ideal approach, a more pragmatic scheme is proposed instead. The core of this scheme is an explicit auction mechanism that must be run prior to any short-term (daily, typically) energy markets. In this auction, where only transmission capacity is traded, both bilateral contracts and energy bids to Power Exchanges can participate in order to acquire the capacity that is necessary to carry out their transactions. Some technical issues related to the practical implementation of the proposed approach are also examined; these include market liquidity, the financial or physical nature of the long-term contracts, the potential problems of 'slicing' transmission capacity and the allocation of congestion rents. Market power issues are ignored. (author)

  6. Strategic partitioning of emission allowances under the EU Emission Trading Scheme

    Energy Technology Data Exchange (ETDEWEB)

    Boehringer, Christoph [Univ. of Oldenburg, Department of Economics, and Centre for European Economic Research (ZEW) (Germany); Rosendahl, Knut Einar [Statistics Norway, Research Department, Pob. 8131 Dep., N-0033 Oslo (Norway)

    2009-08-15

    The EU Emission Trading Scheme (ETS) is breaking new ground in the experience with emission trading regimes across multiple jurisdictions. Since the EU ETS covers only some industries, it implies a hybrid emission control scheme where EU member states must apply complementary domestic emissions regulation for the non-trading sectors of their economies in order to comply with their national emission reduction targets. The EU ETS thus opens up for strategic partitioning of national emissions budgets by the member states between trading and non-trading sectors. In this paper we examine the potential effects of such strategic behavior on compliance cost and emissions prices. We show that concerns on efficiency losses from strategic partitioning are misplaced. In turn, our analysis implicitly indicates significant political economy forces behind EU climate policy, as both cost-effective and strategically motivated partitioning of national emission budgets are far off from the actual break-down between trading and non-trading sectors. (author)

  7. Position of the European Union in the Global Trade System

    Directory of Open Access Journals (Sweden)

    Jovićević Mladen

    2017-12-01

    Full Text Available Only a few decades ago, the main drivers of globalization were the exchange of goods and capital flows, while the global trading system of today, fuelled by rapid technological changes increasingly bases itself on knowledge. The Key events - such as the use of the Internet and the increasingly important role of the rising countries economies - have contributed to a faster global exchange, but to a new nature as well. In order to illustrate the scope of the increase, perhaps it would be the best to mention the fact that in the 1970’s the share of trade in the world GDP amounted to 20%, whereas today it makes about one half. On the other hand, modern products represent compounds of raw materials, components, technologies and services originating from different areas and different continents, which has globalized the products themselves. In such conditions of the market competition, imposed by globalization and liberalization, for the European Union to remain as a leader, it had to prepare a sound and well-founded foreign policy strategy. The aim of this paper is to analyse the current position of the European Union in the global trading system, instruments of foreign trade policy, goals, foreign trade and the main challenges placed before the Union.

  8. The efficiency costs of separating carbon markets under the EU emissions trading scheme: A quantitative assessment for Germany

    International Nuclear Information System (INIS)

    Boehringer, Christoph; Hoffmann, Tim; Manrique-de-Lara-Penate, Casiano

    2006-01-01

    From 1 January 2005 onwards the European Union has launched the first large-scale international carbon emissions trading program. As the EU Emissions Trading Scheme (EU-ETS) covers only part of domestic carbon emissions, it implies a segmented environmental regulation scheme: Each EU Member State must specify additional domestic abatement policies for the sectors outside the EU-ETS in order to meet its emissions budget under the EU Burden Sharing Agreement. We highlight the generic problems of segmented carbon regulation in terms of information requirements for international carbon prices and domestic abatement costs of sectors outside the EU-ETS. Based on numerical simulations for Germany, we quantify the excess costs of segmented carbon regulation and conclude that inefficiencies can be much better explained by lobbying of influential EU-ETS sectors than by information problems. (Author)

  9. Trade With the European Union: Recent Trends and Electronic Commerce Issues

    National Research Council Canada - National Science Library

    1999-01-01

    .... trade with the European Union (EU). As major trading partners, the United States and the EU are currently addressing several trade-related issues, including their approach to electronic commerce, or e-commerce...

  10. European Schemes for Promoting Renewables in Liberalised Markets

    DEFF Research Database (Denmark)

    Meyer, Niels I.

    2003-01-01

    The paper describes possibilities and problems for penetration of supply systems based on renewable energy sources in liberalised markets. The analysis is based on recent development in EU with different models for support of installations based on renewable energy. These include feed-in models...... with guaranteed minimum tariffs, tender models for different bands of technologies, and green certificates trading models with obligatory consumer quota. The paper describes the market situation in selected European countries, including Germany, the UK, Holland and Denmark.An EU directive from September 2001 has...

  11. EUROPEAN DEVELOPMENT OF ECO‐MANAGEMENT AND AUDIT SCHEME (EMAS IN THE EUROPEAN UNION

    Directory of Open Access Journals (Sweden)

    Justyna SŁONIMIEC

    2013-10-01

    Full Text Available The paper presents the implementation of the Environmental Management and Audit Scheme System (EMAS in Poland and the European Union. It analyzes the existing rules on the implementation and the process of its implementation. It also defines the benefits and costs arising from the registration of organizations in the system. The paper presents the current status of implementation of EMAS in the European Union.

  12. Emissions Trading Schemes under IFRS - Towards a “true and fair view”

    OpenAIRE

    Haupt, Madlen; Ismer, Roland

    2011-01-01

    This research paper seeks to contribute to the latest discussions on the financial reporting for emissions trading schemes. It starts out by giving an overview of the International Financial Reporting Standards (IFRS) accounting policies, which are currently applied by the majority of participants in the EU Emissions Trading Scheme. It then argues that in order to fulfil the aims of financial reporting under IFRS, namely to provide a true and fair view, accounting must depict CO2 as a cost of...

  13. The European Window: Challenges in the Negotiation of Mexico's Free Trade Agreement with the European Union

    OpenAIRE

    Sergio Gómez Lora; Jaime Zabludovsky

    2005-01-01

    On 1 July 2000 regulations to liberalize trade flows between Mexico and the European Union came into force, after more than six years of diplomatic work and complex negotiations. These regulations are part of the ¿Tratado de Libre Comercio (TLCUEM), which is also one of the components of the Agreement on Economic Association, Political Concertation and Cooperation (¿Global Agreement¿). The Global Agreement through its three components ¿ political dialogue, trade liberalization and cooperation...

  14. Prior authorisation schemes: trade barriers in need of scientific justification

    NARCIS (Netherlands)

    Meulen, van der B.M.J.

    2010-01-01

    Case C-333/08 Commission v. French Republic ‘processing aids’ [2010] ECR-0000 French prior authorisation scheme for processing aids in food production infringes upon Article 34 TFEU** 1. A prior authorisation scheme not complying with the principle of proportionality, infringes upon Article 34 TFEU.

  15. The timeline of trading frictions in the European carbon market

    International Nuclear Information System (INIS)

    Medina, Vicente; Pardo, Ángel; Pascual, Roberto

    2014-01-01

    During its trial phase (Phase I), the EU Greenhouse Gas Emission Trading Scheme (EU-ETS) collapsed because of an over-allocation of emission allowances. We evaluate the progress of this market from the trial phase to the next commitment period (Phase II) from a microstructure angle. We show that trading frictions, as measured by the relative spread, information-asymmetry risk, and market-making profits decreased from Phase I to Phase II. Although volatility decreased, its noise-related component gained in importance at the expense of its information-related component, resulting in lower quality of the price changes. - Highlights: • We compare Phases I and II of the EU-ETS from a microstructure angle. • Phase II shows lower spreads, information-asymmetry risk and market making profits. • The contribution of noise to the volatility of prices increased during Phase II

  16. The competitiveness of Slovak foreign trade in the European market

    Directory of Open Access Journals (Sweden)

    Pavličková Viera

    2013-01-01

    Full Text Available The paper deals with the competitiveness of the Slovak Republic in its ability to succeed in foreign markets. It provides a complex view of Slovak foreign trade within the European Union using a sectoral classification of products. Several appropriate methods (Constant Market Share Analysis, Revealed Comparative Advantage, Michaely Index, and unit export and import values are applied to quantify the competitiveness of Slovak foreign trade and to identify the level and trend of its specialisation. The analysis uses the data provided by the Eurostat Comext database for the period 1999-2011. The results confirmed Slovakia as a former transition country to be a fast developing open economy. Its production is competitive in the European market, although mainly with prices. Labour- and capital-intensive commodities, along with the automotive industry, dominate Slovak foreign trade. Technology- and R&D-driven goods have a comparative disadvantage as a consequence of several factors, such as lack of innovation and creativity in the business sphere. A shift towards export of more sophisticated products would be beneficial in supporting long-term sustainable development; however, no significant change in Slovak commodity structure has occurred over the past years.

  17. Legal Frameworks for Emissions Trading in the European Union

    International Nuclear Information System (INIS)

    Karl Upston-Hooper, K.; Anttonen, K.; Mehling, M.

    2006-01-01

    The Project is based on a comparative and pragmatic review of the legal frameworks for implementing the EU Emission Trading Scheme (ETS) in four EU jurisdictions (Finland, Sweden, United Kingdom and Germany). The project does not seek to examine the rationale of utilizing tradable mechanisms nor assess the costs and benefits of doing so. Its primary focus is to undertake a detailed study of the legal realities involved in implementing the EU ETS, particularly those issues of commercial importance such as taxation and accounting rules. (orig.)

  18. Central European Free Trade Agreement (CEFTA 2006 - Opportunities, Trade Relation and Evolution of Macedonian Economic Diplomacy

    Directory of Open Access Journals (Sweden)

    Krum Efremov

    2015-07-01

    Full Text Available Main activity in the foreign trade policy of the Republic of Macedonia during the past 10 years was the integration of the country on the Central European Free Trade Agreement – (CEFTA. The reason for this is the expectation that the membership of the Republic of Macedonia in CEFTA will significantly contribute to the continual efforts for strengthening the regional trade cooperation, further liberalisation of foreign trade exchange, and continuation of activities for harmonisation of trade rules with international standards. Additionally, CEFTA 2006 provides a much more comprehensive framework for development of mutual relations and economic cooperation among the countries of South Easte Europe. We will explain the concept of development of economic diplomacy in the Republic of Macedonia as a tool for supporting Macedonian economy. The purpose of these activities is to present the Republic of Macedonia as an attractive destination for foreign investments through the promotion of business advantages, and giving incentive to Macedonian export, as well as through strengthening of the country’s position as a attractive touristic destination.

  19. Natural gas opportunities, utilization and trades (in a European context)

    International Nuclear Information System (INIS)

    Corke, M.J.

    1996-01-01

    The historical development of natural gas consumption in Europe has relied heavily on requirements for space heating energy in the residential/commercial sector and for process energy and feedstock in the industrial sector. This paper reviews historical gas utilization trends and considers how these are likely to develop in the future. In addition to the above somewhat negative factors, the bright outlook for gas utilization in both large scale and small scale power and cogeneration facilities is reviewed and the implications of power industry restructuring for natural gas utilization are discussed. Finally, the outlook for overall European natural gas demand and trade is briefly considered. (author)

  20. Supply-chain trade and labor market outcomes : The case of the 2004 European Union enlargement

    NARCIS (Netherlands)

    Kaplan, Lennart C.; Kohl, Tristan; Martínez-Zarzoso, Inmaculada

    2018-01-01

    The structure of international trade is increasingly characterized by fragmentation of production processes and trade policy. Yet, how trade policy affects supply-chain trade is largely unexplored territory. This paper shows how the accession of 10 Central and Eastern European Countries (CEECs) to

  1. European biorefineries: Implications for land, trade and employment

    International Nuclear Information System (INIS)

    Thornley, Patricia; Chong, Katie; Bridgwater, Tony

    2014-01-01

    Highlights: • Five diverse European member states could support around 30 biorefineries. • The facilities would create around 2 million man-years of employment. • Biorefineries create more jobs per unit of feedstock than bioelectricity plants. • Contribution to national GDP is very small; but agriculturally significant. • Increased straw demand could indirectly increase greenhouse gas emissions. - Abstract: Biorefineries are expected to play a major role in a future low carbon economy and substantial investments are being made to support this vision. However, it is important to consider the wider socio-economic impacts of such a transition. This paper quantifies the potential trade, employment and land impacts of economically viable European biorefinery options based on indigenous straw and wood feedstocks. It illustrates how there could be potential for 70–80 European biorefineries, but not hundreds. A single facility could generate tens of thousands of man-years of employment and employment creation per unit of feedstock is higher than for biomass power plants. However, contribution to national GDP is unlikely to exceed 1% in European member states, although contributions to national agricultural productivity may be more significant, particularly with straw feedstocks. There is also a risk that biorefinery development could result in reduced rates of straw incorporation into soil, raising concerns that economically rational decisions to sell rather than reincorporate straw could result in increased agricultural land-use or greenhouse gas emissions

  2. Designing an emissions trading scheme for China. An up-to-date climate policy assessment

    Energy Technology Data Exchange (ETDEWEB)

    Huebler, Michael [Zentrum fuer Europaeische Wirtschaftsforschung GmbH (ZEW), Mannheim (Germany); Hannover Univ. (Germany). Inst. for Environmental Economics and World Trade; Loeschel, Andreas; Voigt, Sebastian [Zentrum fuer Europaeische Wirtschaftsforschung GmbH (ZEW), Mannheim (Germany)

    2014-07-01

    We assess recent Chinese climate policy proposals in a multi-region, multi-sector computable general equilibrium model with a Chinese carbon emissions trading scheme (ETS). When the emissions intensity per GDP in 2020 is required to be 45% lower than in 2005, the model simulations indicate that the climate policy-induced welfare loss in 2020, measured as the level of GDP and welfare in 2020 under climate policy relative to their level under business-as-usual (BAU) in the same year, is about 1%. The Chinese welfare loss in 2020 slightly increases in the Chinese rate of economic growth in 2020. When keeping the emissions target fixed at the 2020 level after 2020 in absolute terms, the welfare loss will reach about 2% in 2030. If China's annual economic growth rate is 0.5 percentage points higher (lower), the climate policy-induced welfare loss in 2030 will rise (decline) by about 0.5 percentage points. Full auctioning of carbon allowances results in very similar macroeconomic effects as free allocation, but full auctioning leads to higher reductions in output than free allocation for ETS sectors. Linking the Chinese to the European ETS and restricting the transfer volume to one third of the EU's reduction effort creates at best a small benefit for China, yet with smaller sectoral output reductions than auctioning. These results highlight the importance of designing the Chinese ETS wisely.

  3. An evaluation of possible EU air transport emissions trading scheme allocation methods

    International Nuclear Information System (INIS)

    Morrell, Peter

    2007-01-01

    The European Commission has been requested by member states to study the incorporation of air transport into their existing emissions trading scheme (ETS). Only CO 2 is to be included, at least initially. This paper focuses on the method of allocation of emissions permits in the EU context. It has been assumed here that the EU ETS will be applied only to intra-EU flights and that airlines will be the entities selected for implementation. Three UK airlines were selected to evaluate three main types of allocation: grandfathering, auctioning and benchmarking. The airlines were representative of the three major airline business models: network, low-cost carrier and charter/leisure. Based on 2003/2004 aircraft/engine type and operating data, the per passenger impact of each allocation option was analysed for each airline. A new benchmarking approach is proposed that takes into account both the landing and take-off (LTO) cycle and per kilometre emissions: this avoids penalising shorter sector operators and focuses on the damage caused by aircraft and their engines and not on passengers. (author)

  4. Designing an emissions trading scheme for China. An up-to-date climate policy assessment

    International Nuclear Information System (INIS)

    Huebler, Michael

    2014-01-01

    We assess recent Chinese climate policy proposals in a multi-region, multi-sector computable general equilibrium model with a Chinese carbon emissions trading scheme (ETS). When the emissions intensity per GDP in 2020 is required to be 45% lower than in 2005, the model simulations indicate that the climate policy-induced welfare loss in 2020, measured as the level of GDP and welfare in 2020 under climate policy relative to their level under business-as-usual (BAU) in the same year, is about 1%. The Chinese welfare loss in 2020 slightly increases in the Chinese rate of economic growth in 2020. When keeping the emissions target fixed at the 2020 level after 2020 in absolute terms, the welfare loss will reach about 2% in 2030. If China's annual economic growth rate is 0.5 percentage points higher (lower), the climate policy-induced welfare loss in 2030 will rise (decline) by about 0.5 percentage points. Full auctioning of carbon allowances results in very similar macroeconomic effects as free allocation, but full auctioning leads to higher reductions in output than free allocation for ETS sectors. Linking the Chinese to the European ETS and restricting the transfer volume to one third of the EU's reduction effort creates at best a small benefit for China, yet with smaller sectoral output reductions than auctioning. These results highlight the importance of designing the Chinese ETS wisely.

  5. Hitting emissions targets with (statistical) confidence in multi-instrument Emissions Trading Schemes

    International Nuclear Information System (INIS)

    Shipworth, David

    2003-12-01

    A means of assessing, monitoring and controlling aggregate emissions from multi-instrument Emissions Trading Schemes is proposed. The approach allows contributions from different instruments with different forms of emissions targets to be integrated. Where Emissions Trading Schemes are helping to meet specific national targets, the approach allows the entry requirements of new participants to be calculated and set at a level that will achieve these targets. The approach is multi-levelled, and may be extended downwards to support pooling of participants within instruments, or upwards to embed Emissions Trading Schemes within a wider suite of policies and measures with hard and soft targets. Aggregate emissions from each instrument are treated stochastically. Emissions from the scheme as a whole are then the joint probability distribution formed by integrating the emissions from its instruments. Because a Bayesian approach is adopted, qualitative and semi-qualitative data from expert opinion can be used where quantitative data is not currently available, or is incomplete. This approach helps government retain sufficient control over emissions trading scheme targets to allow them to meet their emissions reduction obligations, while minimising the need for retrospectively adjusting existing participants' conditions of entry. This maintains participant confidence, while providing the necessary policy levers for good governance

  6. Designing an emissions trading scheme for China—An up-to-date climate policy assessment

    International Nuclear Information System (INIS)

    Hübler, Michael; Voigt, Sebastian; Löschel, Andreas

    2014-01-01

    We assess recent Chinese climate policy proposals in a multi-region, multi-sector computable general equilibrium model with a Chinese carbon emissions trading scheme (ETS). When the emissions intensity per GDP in 2020 is required to be 45% lower than in 2005, the model simulations indicate that the climate policy induced welfare loss in 2020, measured as the level of GDP and welfare in 2020 under climate policy relative to their level under business-as-usual (BAU) in the same year, is about 1%. The Chinese welfare loss in 2020 slightly increases in the Chinese rate of economic growth in 2020. When keeping the emissions target fixed at the 2020 level after 2020 in absolute terms, the welfare loss will reach about 2% in 2030. If China's annual economic growth rate is 0.5 percentage points higher (lower), the climate policy-induced welfare loss in 2030 will rise (decline) by about 0.5 percentage points. Full auctioning of carbon allowances results in very similar macroeconomic effects as free allocation, but full auctioning leads to higher reductions in output than free allocation for ETS sectors. Linking the Chinese to the European ETS and restricting the transfer volume to one third of the EU's reduction effort creates at best a small benefit for China, yet with smaller sectoral output reductions than auctioning. These results highlight the importance of designing the Chinese ETS wisely. - Highlights: • 45% Chinese carbon intensity target for 2020 implemented via emissions trading. • 1% GDP/welfare loss in 2020 and 2% in 2030 for a fixed emissions target after 2020. • 0.5 percentage points higher (lower) growth, increases (decreases) climate policy-induced welfare loss in 2030 by about 0.5 percentage points. • Similar macroeconomic effects for free allocation and full auctioning, but higher reductions in output under full auctioning in ETS sectors. • Restricted linking to EU emissions trading creates at best a small benefit for China

  7. Local Economic Trading Schemes and their implications for marketing assumptions, concepts, and practices

    NARCIS (Netherlands)

    Crowther, D.; Greene, A-M.; Hosking, D.M.

    2002-01-01

    This paper focuses on the relationship between a particular social practice - local exchange trading systems or schemes (LETS) - and what we here call the "mainstream" marketing paradigm. It begins by discussing some of the key principles that are thought to set LETS apart from other, "more

  8. Learning architectures and negotiation of meaning in European trade unions

    Directory of Open Access Journals (Sweden)

    Linda Creanor

    2005-12-01

    Full Text Available As networked learning becomes familiar at all levels and in all sectors of education, cross-fertilisation of innovative methods can usefully inform the lifelong learning agenda. Development of the pedagogical architectures and social processes, which afford learning, is a major challenge for educators as they strive to address the varied needs of a wide range of learners. One area in which this challenge is taken very seriously is that of trade unions, where recent large-scale projects have aimed to address many of these issues at a European level. This paper describes one such project, which targeted not only online courses, but also the wider political potential of virtual communities of practice. By analysing findings in relation to Wenger's learning architecture, the paper investigates further the relationships between communities of practice and communities of learners in the trade union context. The findings suggest that a focus on these relationships rather than on the technologies that support them should inform future developments.

  9. Emissions trading and competitive positions. The European Proposal for a Directive establishing a Framework for Greenhouse Gas Emissions Trading and Methods for the initial Allocation of Pollution Rights

    International Nuclear Information System (INIS)

    Grimeaud, D.; Peeters, M.

    2002-10-01

    The study on the intention to introduce emissions trading on a European Union level was conducted on the basis of the following three questions: Which methods can be used (by the Member States) to distribute the tradable emissions rights en which legal preconditions should be observed considering the EU-Treaty and the relevant directive proposal? Whenever necessary and possible international agreements on climate change and international trade law will be mentioned. Which safeguards are available for fair competition and which system of emissions trading is advisable in this perspective? How should the PSR (performance standard rate) system, which is preferred by industry, be valued? The structure of this study is as follows: in chapter 2 insight is given into the various methods that can be used to start an emissions trading system, i.e. the way tradable pollution rights are distributed (initial allocation). Chapter 3 will further examine the system of the initial allocation of pollution rights as it has been chosen in the proposal for the European directive. The aim is to give an exact qualification of the method of emissions trading, especially the method of initial allocation, that is used in the directive proposal. Chapter 4 examines whether safeguards are available to prevent competition distortions between firms that fall under the scope of the emissions trading scheme. Special attention will be given to conditions that result from the EU-Treaty in this context, such as the prohibition of state aid. In this chapter the international trade law will be dealt with as well. Chapter 5 will present an executive summary and the specific question whether the PSR-system is legally acceptable or maybe even recommendable, will be answered

  10. Trade agreements with side-effects? : European Union and United States to negotiate Transatlantic Trade and Investment Partnership

    OpenAIRE

    Mildner, Stormy-Annika; Schmucker, Claudia

    2013-01-01

    "At the G8 summit in Northern Ireland on June 17, the European Union and the United States kicked off the negotiations for a comprehensive Transatlantic Trade and Investment Partnership (TTIP) to reduce tariffs and non-tariff trade barriers. While the expected economic benefits for both sides would be more than welcome in an era of gloomy growth forecasts, a TTIP is not entirely without risks for global trade and the multilateral trading system. The talks could tie up a considerable portion o...

  11. The construction of Shenzhen's carbon emission trading scheme

    International Nuclear Information System (INIS)

    Jiang, Jing Jing; Ye, Bin; Ma, Xiao Ming

    2014-01-01

    The Shenzhen ETS is the first urban-level “cap-and-trade” carbon emissions trading scheme to operate in China. This paper gives an overview of the economic and emissions situation in Shenzhen and focuses on the development of the Shenzhen ETS regulatory framework. It is devised as an ETS with an intensity-based cap, output-based allocation and a market for trading of allowances. The design of the Shenzhen ETS attaches great importance to coordinate the dynamic relationships between economic growth, industrial transition and emissions control. The cap and its allocation are determined by carbon intensity reduction targets and economic output, with an aim to slow down emissions growth while mitigating shocks from economic fluctuation and industrial adjustment to market stability. The Shenzhen ETS features extensive coverage consisting of three types of regulated entities and four categories of covered emissions, in order to control carbon emissions by both improving energy efficiency and restraining growing energy demand. A competitive game theory method is created for allocation of free allowances to manufacturing enterprises. Mechanisms for carbon offsets and market stabilization are developed to promote active and orderly trading in the carbon market. Moreover, several challenges and their policy choices are detailed for the development of the Shenzhen ETS. - Highlights: • The Shenzhen ETS is the first urban-level “cap-and-trade” carbon emission trading scheme operated in China. • This paper focuses on the construction of Shenzhen carbon emission trading scheme. It is devised as the intensity-based cap, output-based allocation and allowance trade carbon market. • It has some signatures in the general principles, coverage and scope, cap and allocation and other mechanisms. • Several challenges and their policy choices are detailed for the development of Shenzhen ETS

  12. Public Interest vs. Interest Groups: Allowance Allocation in the EU Emission Trading Scheme

    Energy Technology Data Exchange (ETDEWEB)

    Anger, Niels; Oberndorfer, Ulrich (Centre for European Economic Research, Mannheim (Germany)); Boehringer, Christoph (Carl von Ossietzky Univ., Oldenburg (Germany))

    2008-07-01

    We assess the political-economy determinants of allowance allocation in the EU Emissions Trading Scheme (EU ETS). A common-agency model suggests that the government considers the preferences of sectoral interest groups when allocating emissions permits, so that industries with a more powerful lobby face a lower regulatory burden. An empirical analysis of the first trading phase of the EU ETS corroborates our theoretical prediction, but also reveals that the political-economy determinants of permit allocation are more complex. Employing instrumental-variable estimation technique, we find that large carbon emitters that were represented by powerful interest groups received higher levels of emissions allowances

  13. Internalizing carbon costs in electricity markets: Using certificates in a load-based emissions trading scheme

    International Nuclear Information System (INIS)

    Gillenwater, Michael; Breidenich, Clare

    2009-01-01

    Several western states have considered developing a regulatory approach to reduce greenhouse gas (GHG) emissions from the electric power industry, referred to as a load-based (LB) cap-and-trade scheme. A LB approach differs from the traditional source-based (SB) cap-and-trade approach in that the emission reduction obligation is placed upon Load Serving Entities (LSEs), rather than electric generators. The LB approach can potentially reduce the problem of emissions leakage, relative to a SB system. For any of these proposed LB schemes to be effective, they must be compatible with modern, and increasingly competitive, wholesale electricity markets. LSE's are unlikely to know the emissions associated with their power purchases. Therefore, a key challenge for a LB scheme is how to assign emissions to each LSE. This paper discusses the problems with one model for assigning emissions under a LB scheme and proposes an alternative, using unbundled Generation Emission Attribute Certificates. By providing a mechanism to internalize an emissions price signal at the generator dispatch level, the tradable certificate model addresses both these problems and provides incentives identical to a SB scheme

  14. Diversity-Multiplexing Trade-off for Coordinated Direct and Relay Schemes

    DEFF Research Database (Denmark)

    Thai, Chan; Popovski, Petar; De Carvalho, Elisabeth

    2013-01-01

    The recent years have brought a significant body of research on wireless Two-Way Relaying (TWR), where the use of network coding brings an evident advantage in terms of data rates. Yet, TWR scenarios represent only a special case and it is of interest to devise similar techniques in more general...... Direct/Relay (CDR) schemes, which involve two flows, of a direct and a relayed user. In this paper we characterize a CDR scheme by deriving/bounding the Diversity-Multiplexing Trade-off (DMT) function. Two cases are considered. In the first case a transmitter knows the Channel State Information (CSI...

  15. A Case Study of the Accounting Models for the Participants in an Emissions Trading Scheme

    Directory of Open Access Journals (Sweden)

    Marius Deac

    2013-10-01

    Full Text Available As emissions trading schemes are becoming more popular across the world, accounting has to keep up with these new economic developments. The absence of guidance regarding the accounting for greenhouse gases (GHGs emissions generated by the withdrawal of IFRIC 3- Emission Rights - is the main reason why there is a diversity of accounting practices. This diversity of accounting methods makes the financial statements of companies that are taking part in emissions trading schemes like EU ETS, difficult to compare. The present paper uses a case study that assumes the existence of three entities that have chosen three different accounting methods: the IFRIC 3 cost model, the IFRIC 3 revaluation model and the “off balance sheet” approach. This illustrates how the choice of an accounting method regarding GHGs emissions influences their interim and annual reports through the chances in the companies’ balance sheet and financial results.

  16. The impact of CO{sub 2} emissions trading on the European transport sector

    Energy Technology Data Exchange (ETDEWEB)

    Kaageson, Per

    2001-07-01

    The objective of this report is to analyse how a common European scheme for CO{sub 2} emissions trading covering all sectors of society would affect the transport sector. Transport externalities other than CO{sub 2} are assumed to be internalised by kilometer charging. This means road fuels will no longer be subject to taxation. The European Union's commitment under the 1997 Kyoto Protocol can be reached at a marginal abatement cost around 65 Euro per tonne of CO{sub 2} in a case where emissions trading replaces all current taxes on fossil fuels. In a case where emissions trading is supplementary to today's energy and carbon taxes, the current average taxation (45-50 Euro per tonne CO{sub 2}) and the shadow price of the emission permits (33 Euro per tonne) would together give a total marginal abatement cost around 80 Euro per tonne Of CO{sub 2}. Having to buy emission permits would significantly raise the cost of fuel and electricity used in rail, aviation and short sea shipping, as these modes are currently not taxed at all. The resulting long-term (2025) improvement in specific energy efficiency is estimated at around 25 per cent compared to trend for rail and 20 and 40 per cent respectively for aviation and sea transport. A combination of CO{sub 2} emissions trading and km charging would moderately raise the variable cost of driving a gasoline car. The cost of using diesel vehicles would rise considerably in most Member States. Annual mileage per car would therefore decline somewhat. The fuel, however, would become cheaper than today (especially gasoline) and this would reduce the incentive to buy fuel-efficient vehicles. The reform would thus hamper the introduction of new, more efficient, technologies that might be needed for meeting more long-term commitments. Emissions trading would not encourage the introduction of biofuels in road transport. The incremental cost of producing ethanol or RME is much too high and cannot be expected to fall to the

  17. Influencing Factors of Companies’ Behavior for Mitigation: A Discussion within the Context of Emission Trading Scheme

    Directory of Open Access Journals (Sweden)

    Yidan Chen

    2018-02-01

    Full Text Available China built pilot carbon emission trading schemes in seven regions and established a national carbon trading market in electricity sector in December 2017. This study conducted a questionnaire survey of 570 companies in 29 regions nationwide and found that companies still need to improve mitigation measures regarding fossil fuel combustion, production technology, output adjustment and environmental management. By establishing regression models, influencing factors of carbon emission reduction are identified. Pilot emission trading policy has a significant impact on company emission reduction behaviors. Companies inside or outside the pilot region respond differently to the influencing factors. Companies inside emphasize more on energy price and mitigation potential, while enterprises outside pay more attention to investment and familiarity with technology and policy.

  18. Building Trust in Emissions Reporting. Global Trends in Emissions Trading Schemes

    Energy Technology Data Exchange (ETDEWEB)

    Kruijd, J.; Walrecht, A.; Laseur, J.; Schoolderman, H.; Gledhill, R.

    2007-02-15

    This report highlights the key characteristics of the world's main emission trading schemes, presents a new vision for compliance in emissions trading and calls for global action to develop this. Climate change is now at the top of the political and business agenda. Al Gore's 'An Inconvenient Truth', the Stern Review and the now almost daily press coverage of climate change science and impacts have engaged many of the global leaders in government and in business. Emissions trading is increasingly seen as a central plank in the response to climate change. But market mechanisms like this depend on trust and confidence. Any widespread or systemic failure, as a result of deficient monitoring and reporting, flawed compliance processes or fraud, could undermine confidence in markets and regulation and jeopardise the crucial policy goals that they are designed to address. Key to this trust are the three central criteria of transparency, accountability and integrity. The PricewaterhouseCoopers report looks at how the patchwork of trading schemes that are emerging around the globe stacks up against these criteria. Despite good intentions across the board, the general picture is one of new and immature markets, inconsistent and complex compliance frameworks and risk. PricewaterhouseCoopers make the case for urgent and coordinated action to develop a framework of generally accepted principles and practice that will underpin trust and efficiency in these new markets - in effect, a new Global Emissions Compliance Language.

  19. Building Trust in Emissions Reporting. Global Trends in Emissions Trading Schemes

    International Nuclear Information System (INIS)

    Kruijd, J.; Walrecht, A.; Laseur, J.; Schoolderman, H.; Gledhill, R.

    2007-02-01

    This report highlights the key characteristics of the world's main emission trading schemes, presents a new vision for compliance in emissions trading and calls for global action to develop this. Climate change is now at the top of the political and business agenda. Al Gore's 'An Inconvenient Truth', the Stern Review and the now almost daily press coverage of climate change science and impacts have engaged many of the global leaders in government and in business. Emissions trading is increasingly seen as a central plank in the response to climate change. But market mechanisms like this depend on trust and confidence. Any widespread or systemic failure, as a result of deficient monitoring and reporting, flawed compliance processes or fraud, could undermine confidence in markets and regulation and jeopardise the crucial policy goals that they are designed to address. Key to this trust are the three central criteria of transparency, accountability and integrity. The PricewaterhouseCoopers report looks at how the patchwork of trading schemes that are emerging around the globe stacks up against these criteria. Despite good intentions across the board, the general picture is one of new and immature markets, inconsistent and complex compliance frameworks and risk. PricewaterhouseCoopers make the case for urgent and coordinated action to develop a framework of generally accepted principles and practice that will underpin trust and efficiency in these new markets - in effect, a new Global Emissions Compliance Language

  20. EU Energy Law. Volume 4. The EU Greenhouse Gas Emissions Trading Scheme

    International Nuclear Information System (INIS)

    Delbeke, J.; Hartridge, O.; Lefevere, J.; Meadows, D.; Runge-Metzger, A.; Slingenberg, Y.; Vainio, M.; Vis, P.; Zapfel, P.

    2006-06-01

    Gives valuable insights in the why's, how's, trade-offs, and critical design choices of the Emission Trading System of the European Union (EU ETS). The chapters deal with (1) The EU ETS: the result of a decade of policy action on the economic dimension of EU environmental policy; (2) The international climate policy developments of the 1990s: UNFCCC, the Kyoto Protocol, the Marrakech Agreements and the EU's Kyoto ratification decision; (3) Emissions trading: What is it? Design options and misconceptions; (4) The EU ETS Directive 2003/87/EEC explained; (5) The EU ETS Linking Directive explained; (6) The economic efficiency benefits of the EU ETS; (7) The NAP I experience; (8) The key importance of the Registry Regulation and of solid monitoring and verification; and (9) The potential role of the EU ETS for the elaboration of the post-2012 international climate regime. Conclusions are in chapter 10

  1. The adverse effect of real effective exchange rate change on trade balance in European transition countries

    Directory of Open Access Journals (Sweden)

    Selena Begović

    2017-12-01

    Full Text Available Most European transition countries have fixed or highly managed flexible exchange rate regimes. This exchange rate rigidity is sometimes argued to worsen the trade balance by keeping the currency overvalued. However, there is no unambiguous evidence that currency depreciation/devaluation positively affects trade balance and leads towards the adjustment, even in the short-run. Therefore, we examine the effect of real effective exchange rate (hereafter REER on trade balance in European transition economies over the period 2000-2015. By using fixed effect model for static and generalised method of moments for dynamic estimation, we find that there is an adverse effect of the REER on trade balance in European transition countries over the period 2000-2015. Namely, depreciation of REER deteriorates trade balance in European transition countries, which could be explained by high import dependence and low export capacity. This implies that policymakers in European transition countries should not use exchange rate policy to improve trade balance. This is important in the light of their accession towards European economic and monetary integration, implying that these countries should focus more on using fiscal, rather than monetary (and exchange rate, policy to adjust trade balance, which is one of the required real convergence towards the EU standards.

  2. Distance, Transaction Costs, and Preferences in European Trade

    DEFF Research Database (Denmark)

    Kokko, Ari; Tingvall, Patrik Gustavsson

    2014-01-01

    Beckerman (1956) and Linder (1961) have suggested that international trade is not determined by supply-side factors alone—perceptions about foreign countries and country preferences matter. We explore the relation between exports, cultural distance, and country preferences in Europe. The results ...... channels, both indirectly through transaction costs and more directly, as countries seem to prefer some trade partners before others....

  3. The Impacts of the New Zealand Emissions Trading Scheme on Economic and Environmental Factors

    OpenAIRE

    Saunders, Caroline M.; Saunders, John

    2011-01-01

    New Zealand implemented an emissions trading scheme, the NZ ETS, to regulate the production of Greenhouse Gases. This ETS is the first of its kind to include the agricultural sector, as is expected to significantly raise costs to both producers and consumers. The aim of the paper is to assess the potential impact of the New Zealand ETS on the economy and the environment. The paper reports first on the development and nature of the legislation itself, and then continues by mapping the cost of ...

  4. Designing an emissions trading scheme for China: An up-to-date climate policy assessment

    OpenAIRE

    Hübler, Michael; Löschel, Andreas; Voigt, Sebastian

    2014-01-01

    We assess recent Chinese climate policy proposals in a multi‐region, multi‐sector computable general equilibrium model with a Chinese carbon emissions trading scheme (ETS). When the emissions intensity per GDP in 2020 is required to be 45% lower than in 2005, the model simulations indicate that the climate policy‐ induced welfare loss in 2020, measured as the level of GDP and welfare in 2020 under climate policy relative to their level under business‐as‐usual (BAU) in the same yea...

  5. Firm performance and employment in the EU emissions trading scheme: An empirical assessment for Germany

    International Nuclear Information System (INIS)

    Anger, Niels; Oberndorfer, Ulrich

    2008-01-01

    This paper empirically investigates the role of the EU Emissions Trading Scheme (EU ETS) for firm performance and employment in Germany. We provide an overview of relative allowance allocation within the EU ETS as well as an econometric analysis for a large sample of German firms covered by the scheme in order to assess the impacts of EU emissions regulation on both firm revenues and employment. The dataset indicates that the EU ETS was in an overall long position in 2005, although allowance allocation was very heterogeneous across member states. Our econometric analysis suggests that, within the first phase of the EU ETS, relative allowance allocation did not have a significant impact on firm performance and employment of regulated German firms

  6. National CO2 emissions trading in European perspective; Nationale CO2-emissiehandel in Europees perspectief

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2003-06-01

    This report is the reaction of the Social and economic council (SER) in the Netherlands to the request of the Dutch Ministry of Housing, Spatial Planning en Environment (VROM) to formulate an advice on the final report of the Committee CO2 Trade (a.k.a the Vogtlander Committee). This Committee has drafted a proposal for a CO2 emission trade system in the Netherlands. The SER has also taken into account the proposal of the European Committee on a guideline for CO2 emission trade in the European Union (EU)

  7. Options of biofuel trade from Central and Eastern to Western European countries

    NARCIS (Netherlands)

    van Dam, J.; Faaij, A.P.C.; Lewandowski, I.M.; Van Zeebroeck, B.

    2009-01-01

    Central and Eastern European countries (CEEC) have a substantial biomass production and export potential. The objective of this study is to assess whether the market for biofuels and trade can be profitable enough to realize a supply of biofuels from the CEEC to the European market and to estimate

  8. Analysis of Ukraine’s foreign trade turnover in context of free trade zone with European Union

    Directory of Open Access Journals (Sweden)

    К.Shymanska

    2016-06-01

    Full Text Available The implementation of the free trade zone between Ukraine and the European Union has many advantages and disadvantages for our country. The changes in Ukraine’s economic integration vector cause much dispute about its prospects and profitability. Nevertheless, the strengthening of economic and political crisis leads to the reduction in foreign trade of Ukraine with the EU. Although in recent years, many institutional limitations for the Ukrainian producers’ entrance to European markets have been removed. The analysis of Ukraine's foreign trade turnover with EU countries showed the indicators of exports and imports structure in the partner countries and allowed to reveal decreasing of intensity of these operations. This can be a negative indicator of activities for the implementation of the Association Agreement with the EU. The study has formulated the perspective directions of foreign trade policy of Ukraine, in particular with respect to the modernization of informational and technical support of the customs clearance of the goods movement, increasing control over the quality of Ukrainian goods and opportunities for the small and mediumsized entities entrance to the European markets.

  9. THE FREE TRADE AGREEMENTS BETWEEN THE EUROPEAN UNION AND LATIN AMERICA. THE PERUVIAN AND MEXICAN CASE

    Directory of Open Access Journals (Sweden)

    Antonio Manrique de LUNA BARRIOS

    2015-07-01

    Full Text Available The European Union has signed a number of free trade agreements with different countries in Latin America because it is aware of the great importance that this region has gained as a destination for its exports and investments. Furthermore, the European Union wishes to reaffirm its ties with countries in the region because it hopes to consolidate its political and economic position as an international player with its presence in those markets. In this paper we will discuss the free trade agreements that the EU has signed with Mexico and later with Peru, because they are two examples where Latin American countries have achieved significant economic growth and where the trade has generated significant benefits. Additionally they are two major trading partners of the European Union and they have allowed the EU to continue to expand its zone of influence in Latin America.

  10. Output-based allocations and revenue recycling. Implications for the New Zealand Emissions Trading Scheme

    International Nuclear Information System (INIS)

    Lennox, James A.; Nieuwkoop, Renger van

    2010-01-01

    The New Zealand Emissions Trading Scheme (NZ ETS) is more comprehensive in its coverage of emissions than schemes introduced or proposed to date in any other country in that it includes agricultural greenhouse gases, which account for half of New Zealand's total emissions. But, motivated by concerns for the international competitiveness of emissions-intensive, trade-exposed industrial and agricultural activities, current legislation provides for substantial ongoing free allocations to such activities, linked to their output. Here we use a computable general equilibrium model to analyse the impacts of output-based allocation, given the possibility of recycling net revenues to reduce prior distorting taxes. Unlike previous modelling studies of alternative NZ ETS designs, we allow for a more realistic modelling both of capital and labour supply. We find that, as suggested by theoretical results, interactions between the ETS and existing taxes are important. Given any level of output-based allocation, the negative macroeconomic impacts can be reduced by recycling net revenues as efficiently as possible. Less obviously, we find that there may be an optimal non-zero level of output-based allocation. This optimal level increases as the carbon price and/or factor supply elasticities increase, but decreases if revenues are recycled with greater efficiency. (author)

  11. Output-based allocations and revenue recycling. Implications for the New Zealand Emissions Trading Scheme

    Energy Technology Data Exchange (ETDEWEB)

    Lennox, James A. [Landcare Research NZ, Lincoln (New Zealand); Nieuwkoop, Renger van [Center for Energy Policy and Economy, Zuerich (Switzerland)

    2010-12-15

    The New Zealand Emissions Trading Scheme (NZ ETS) is more comprehensive in its coverage of emissions than schemes introduced or proposed to date in any other country in that it includes agricultural greenhouse gases, which account for half of New Zealand's total emissions. But, motivated by concerns for the international competitiveness of emissions-intensive, trade-exposed industrial and agricultural activities, current legislation provides for substantial ongoing free allocations to such activities, linked to their output. Here we use a computable general equilibrium model to analyse the impacts of output-based allocation, given the possibility of recycling net revenues to reduce prior distorting taxes. Unlike previous modelling studies of alternative NZ ETS designs, we allow for a more realistic modelling both of capital and labour supply. We find that, as suggested by theoretical results, interactions between the ETS and existing taxes are important. Given any level of output-based allocation, the negative macroeconomic impacts can be reduced by recycling net revenues as efficiently as possible. Less obviously, we find that there may be an optimal non-zero level of output-based allocation. This optimal level increases as the carbon price and/or factor supply elasticities increase, but decreases if revenues are recycled with greater efficiency. (author)

  12. Advancing the experiment to reality: Perspectives on Shanghai pilot carbon emissions trading scheme

    International Nuclear Information System (INIS)

    Wu, Libo; Qian, Haoqi; Li, Jin

    2014-01-01

    Shanghai, as the most advanced mega city in China, has launched a pilot carbon emission trading scheme (SH-ETS) that is designed to achieve a compromise between the domestic context in Shanghai, and a need for national policy appeal. This paper gives an overview of the latest progress of the SH-ETS and sheds some light on the features of key design components, such as the threshold for inclusion, sector coverage, cap setting, allowance allocation and the Monitoring, Reporting and Verification (MRV) system. Based on a concern that manipulative principles and economic dynamics may lead to uncertainties and ultimately influence the emission reduction effect of the scheme, this paper conducts an evaluation of potential uncertainties, such as those caused by changes in patterns of economic growth, strategic trading activities related to the bankable allowances, carbon leakage risks and insufficient MRV capabilities. To advance the experiment to reality, this paper suggests some changes are made to the pilot, which include adjusting the allowance allocation principles to facilitate change in the domestic energy structure, improving the disclosure of emission data to guarantee information symmetry, gauging the carbon leakage risks to strengthen compliance, and introducing risk management for non-regulated players and derivatives products

  13. The impact of Chinese carbon emission trading scheme (ETS) on low carbon energy (LCE) investment

    International Nuclear Information System (INIS)

    Mo, Jian-Lei; Agnolucci, Paolo; Jiang, Mao-Rong; Fan, Ying

    2016-01-01

    China is planning to introduce emission trading scheme (ETS) to decrease CO_2 emission. As low carbon energy (LCE) will play a pivotal role in reducing CO_2 emissions, our paper is to assess the extent and the conditions under which a carbon ETS can deliver LCE investment in China. We chose wind technology as a case study and a real-option based model was built to explore the impact of a number of variables and design features on investment decisions, e.g. carbon and electricity price, carbon market risk, carbon price floor and ceiling and on-grid ratio. We compute critical values of these variables and features and explore trade-offs among them. According to our work, a carbon ETS has a significant effect on wind power plant investment although it cannot support investment in wind power on its own. Carbon price stabilization mechanisms such as carbon price floor can significantly improve the effect of carbon ETS but the critical floor to support investment is still much higher than the carbon price in China pilot ETSs. Our results show that other policy measures will be needed to promote low-carbon energy development in China. - Highlights: • The impact of Chinese emission trading scheme on low carbon energy investment is assessed. • A real-option based investment decision model under uncertainty is built and employed. • Key variables and features of ETS influencing wind power investment are explored. • Chinese carbon ETS cannot support low carbon energy investment on its own. • Other policy measures complementing ETS are still needed and should be coordinated.

  14. THE INTERNATIONAL TRADE IN GOODS OF THE EUROPEAN UNION MEMBER STATES AFTER TWO YEARS OF CRISIS

    Directory of Open Access Journals (Sweden)

    Babucea Ana-Gabriela

    2011-12-01

    Full Text Available In the context of globalization, more countries, rich and poor alike, enter global markets and are forced to face fierce competition. The European Union is the largest trading power in the world, accounting for 20% of total imports and exports worldwide. In recent years EU trade in goods has evolved very positively both in absolute terms and relative. As was expected, the global economic crisis dramatically affected trade flows globally and regionally and inevitably affected the trade of the EU through a tumultuous period. Time analysis will show that reducing the volume of EU trade is in line with the decreases in global trade and regional registered and that exports were affected differently.

  15. Examination of forest products trade between Turkey and European ...

    African Journals Online (AJOL)

    USER

    2010-04-19

    Apr 19, 2010 ... effectively use their resources in the economic aspect. Recently, a lot of ... big power in the economic and trade area, evaluated the current ..... Spain. 1.20 7.54 9.05. Sweden. 1.45 5.84 8.50. United Kingdom 1.13 8.83 9.96.

  16. Investment appraisal of heat and power plants within an emissions trading scheme. Final Report of the INVIS Project

    International Nuclear Information System (INIS)

    Laurikka, H.; Pirilae, P.

    2005-04-01

    The opportunity cost for carbon dioxide (CO 2 ) emissions has become a new factor influencing investments in heat and power production capacity globally, and in particular in countries with a greenhouse gas emissions trading system, such as the European Union Emissions Trading Scheme (EU ETS). There is a considerable power capacity investment need in the coming decades in Finland, in Europe and globally. As the economic lifetime of an investment in heat and power capacity typically ranges from 20-40 years, 'carbon finance' and the EU ETS therefore introduce a considerable and fundamental price risk to the investment problem. In Europe, the price risk is present in all investments and divestments of power production licences or capacity, be it a green-field plant, a retrofit of an existing plant or an acquisition. The objective of the INVIS research project was to extend the knowledge on strategic implications of emissions trading in investments into heat and power generation. This report gives an overview on the main findings of the project. The focus of INVIS project was on (1) quantitative investment appraisal and (2) methods rather than tools or parameter values. Particular attention in the INVIS project was paid to the incorporation of emissions trading in new methods of investment appraisal, which aim at taking into account the value of real options, rights to postpone or revise decisions. The EU ETS modifies the quantitative investment appraisal of heat and power plants directly through the emission allowance price and the number of free allowances and indirectly through impacts on output prices, input prices, taxation, and subsidies. From the risk perspective, the most problematic impact seems to be the regulatory uncertainty in the number of free allowances, which can turn out to be a barrier for investment in fossil-fuel-fired thermal power plants - even combined-cycle gas turbines. The emission allowance price is a stochastic variable, which implies it is

  17. Improved Seasonal Prediction of European Summer Temperatures With New Five-Layer Soil-Hydrology Scheme

    Science.gov (United States)

    Bunzel, Felix; Müller, Wolfgang A.; Dobrynin, Mikhail; Fröhlich, Kristina; Hagemann, Stefan; Pohlmann, Holger; Stacke, Tobias; Baehr, Johanna

    2018-01-01

    We evaluate the impact of a new five-layer soil-hydrology scheme on seasonal hindcast skill of 2 m temperatures over Europe obtained with the Max Planck Institute Earth System Model (MPI-ESM). Assimilation experiments from 1981 to 2010 and 10-member seasonal hindcasts initialized on 1 May each year are performed with MPI-ESM in two soil configurations, one using a bucket scheme and one a new five-layer soil-hydrology scheme. We find the seasonal hindcast skill for European summer temperatures to improve with the five-layer scheme compared to the bucket scheme and investigate possible causes for these improvements. First, improved indirect soil moisture assimilation allows for enhanced soil moisture-temperature feedbacks in the hindcasts. Additionally, this leads to improved prediction of anomalies in the 500 hPa geopotential height surface, reflecting more realistic atmospheric circulation patterns over Europe.

  18. Economic Analysis of the European Climate Policy: the European emissions trading scheme

    NARCIS (Netherlands)

    S. Clò (Stefano)

    2010-01-01

    textabstractThe last two decades have experienced an increasing awareness about global warming, its causes, and potential effects on the ecosystem, in general, and on humankind, in particular. Global warming is nowadays recognized as one of the most impressive global negative externalities and

  19. Opportunities and Prospects of Trade Development between Romania and the Russian Federation in the European Context

    Directory of Open Access Journals (Sweden)

    Virginia Câmpeanu

    2010-10-01

    Full Text Available The present paper has as main objective the analysis of the opportunities and development perspectives of the trade relationship between Romania and the Russian Federation, linked to the latest evolutions of the European and global economic context. Keeping in mind this objective, our paper is structured around three main sections, as follows. The first part, “Economic Context of Romania-Russian Federation Trade Development” is centered upon the global crisis and its effects on the EU, Romania and Russia as well as the EU-Russia increasing bilateral merchandise trade flows. We examine how the global economic crisis interrupted increasing merchandise trade between EU-27 and the Russian Federation and present the main exporter countries from the EU-27 to Russia and the major EU importers from Russia and analyze in a comparative manner the very concentrated trade pattern between EU-27 and Russia. In the next section, “Romania-Russia Trade Development”, we underline that the Russian Federation is the second extra-EU trading partner of our country. We explore Romania’s trade relationship with Russia during pre and post accession to the European Union and also the actual trends of the bilateral trade, which pattern is extremely concentrated. In the last section, “Opportunities and Prospects for the Trade Development between Romania and Russian Federation”, we conclude, on the basis of the comparative and prospective analysis, that: Romania could be well positioned on Russian markets; there are many similarities in competitiveness characteristics of our countries; Romania and Russia have some problematic factors in doing business; strong points of the Romanian manufacturing industry could lead to the diversification of trade pattern and, finally, Romania has the possibility to develop a strong economic partnership with the Russian Federation under the framework of the EU-Russia relationship.

  20. Emerging product carbon footprint standards and schemes and their possible trade impacts

    Energy Technology Data Exchange (ETDEWEB)

    Bolwig, S.; Gibbon, P.

    2009-12-15

    Concern over climate change has stimulated interest in estimating the total amount of greenhouse gasses produced during the life-cycle of goods and services - i.e. during their production, transportation, sale, use and disposal. The outcome of these calculations is referred to as 'product carbon footprints' (PCFs). The paper reviews the rationale, context, coverage and characteristics of emerging standards and certification schemes that estimate and designate PCFs, and discusses the possible impacts on trade, particularly exports from distant and developing countries. It draws on a survey of PCF certification schemes carried out during 2009, on a review of evolving international and national standards, and on a review of consumer surveys. Since 2007 one public standard, and two public and 14 private certification schemes referring to standards for calculating and communicating PCFs have become operational. Two new international standards and several new schemes, including three public ones, are due to become operational by 2011 or earlier. The private schemes are owned by a mixture of voluntary bodies and private companies, including some large retailers. Many provide assistance for reducing carbon footprints or procedures for certification or labelling. Nonetheless, to date only a few thousand products have been footprinted. As PCFs are already becoming market access requirements for bio-fuels imported to the EU, and may also become EU market access requirements for all mass-produced goods within 10-15 years, there is a danger that developing country exporters will lose out as a result. This is because: they are less likely to have the resources necessary for calculating and verifying PCFs; publicly available datasets are less likely to include processes carried out mainly in developing countries; and some existing standards do not currently include production of capital goods in their definition of product life cycles, which imparts a bias against

  1. Poland's Services Trade with the European Union During the Preaccession Period

    OpenAIRE

    Dariusz Mongiało

    2004-01-01

    The fact that, since 1 May 2004, Poland has the status of European Union member involves certain consequences for Poland's competitiveness in the international services trade market. What competitive position will Poland finally occupy among the EU countries in the postaccession period will to a large extent depend on Poland's present position in the services trade with the EU countries. So, the paper tries to present, on the basis of the most recent available statistical data published by th...

  2. Emerging product carbon footprint standards and schemes and their possible trade impacts

    DEFF Research Database (Denmark)

    Bolwig, Simon; Gibbon, Peter

    footprints or procedures for certification or labelling. Nonetheless, to date only a few thousand products have been footprinted. As PCFs are already becoming market access requirements for bio-fuels imported to the EU, and may also become EU market access requirements for all mass-produced goods within 10......Concern over climate change has stimulated interest in estimating the total amount of greenhouse gasses produced during the life-cycle of goods and services - i.e. during their production, transportation, sale, use and disposal. The outcome of these calculations is referred to as "product carbon...... footprints" (PCFs). The paper reviews the rationale, context, coverage and characteristics of emerging standards and certification schemes that estimate and designate PCFs, and discusses the possible impacts on trade, particularly exports from distant and developing countries. It draws on a survey of PCF...

  3. Indirect effects of grassland extensification schemes on pollinators in two contrasting European countries.

    NARCIS (Netherlands)

    Kohler, F.; Verhulst, J.; Knop, E.; Herzog, F.; Kleijn, D.

    2007-01-01

    Flower-visiting insects play a crucial role in ecosystem processes by providing essential services such as pollination. During the last decades, agricultural intensification has caused a widespread decline of insect diversity. Agri-environment schemes (AES) have been implemented in many European

  4. Russian and European gas interdependence: Could contractual trade channel geopolitics?

    International Nuclear Information System (INIS)

    Finon, Dominique; Locatelli, Catherine

    2008-01-01

    In a framework of international political economics, this article analyses the increasing distance between Russia and the European Union (EU) in their interdependent relationship with regard to gas. The representations of economic risks associated with the dominant position of the Russian seller in the European gas market are analysed in terms of industrial economics. Then the relevance of possible responses by the EU is analysed in relation to the reality of alleged risks of gas dependence: the tentative EU-Russia regulatory unification, the creation of a single gas negotiator, and the support to a denser pan-European network, with additional entry points and sources of supply and increased market integration in order to increase the contestability of the markets

  5. Challenges of a common climate policy. An analysis of the development of the EU Emissions Trading Scheme

    International Nuclear Information System (INIS)

    Aufenanger, Vanessa

    2012-01-01

    The emissions trading scheme (EU ETS) adopted by the European Union in 2003 was a new instrument for the EU and its Member States. It is one of the most important strategies of achieving the EU's greenhouse gas reduction target under the Kyoto Protocol. This book analyses the policy cycle of the EU ETS Directive, focusing on the crucial implementation phase. The revised EU ETS Directive of 2009 includes significant changes for greater ecological effectiveness, changes that were unlikely to have been adopted in 2003. It is evident that the experiences of the first phase influenced not only the second implementation phase but also the revision. The intensive learning process that took place on all levels was necessary to overcome institutional constraints so that the EU ETS could be successfully established and further developed. The EU ETS policy-making is a good example to demonstrate that output legitimacy challenges input legitimacy. With the centralisation of the EU ETS in 2013 it is likely to become a more effective system; however, the legislators from the Member States may lose influence. This problem will have to be addressed.

  6. The Trans-Atlantic Trade and Investment Partnership – A Challenge for the European Union?

    Directory of Open Access Journals (Sweden)

    Oana–Antonia Colibășanu

    2015-06-01

    Full Text Available Since the early 2000s, the United States and European Union have discussed the development of bilateral and regional trade agreements. The TTIP – Trans-Atlantic Trade and Investment Partnership was announced in February 2013 and is currently under negotiation. The initiative aims at establishing a trade agreement between the two blocs, removing all trade barriers, including the non-tariff ones, in a wide range of economic sectors. The paper looks at several key elements that the bilateral negotiations are set to challenge from the European Union perspective. We focus on the main causes for resistance within the EU towards establishing the agreement, seeking to understand the future framework for international trade for the European states. While the EU continues integration to establish a functioning internal market, still continuing the process of diminishing and eliminating non-tariff barriers among the member states, we examine whether liberalisation of trade and investment between the US and the EU will benefit the EU as a whole, considering the current socio-economic trends at the Union’s level.

  7. Romania’s foreign trade with the European Union in 2008

    Directory of Open Access Journals (Sweden)

    Ancuta Stangaciu

    2010-12-01

    Full Text Available In this study, I proposed to analyze the spatial concentration of international trade flows between Romania and the European Union both overall and by the sections of the Combined Nomenclature. Using statistical analysis methods such as square and Gini’s index or Onicescu informational energy, I concluded that Romania’s main trade partners are Italy, Germany and France and trade relations with these 3 countries are characterized by exchanges of good to cover, generally a wide range of products.

  8. Risk-Return Trade-Off for European Stock Markets

    DEFF Research Database (Denmark)

    Aslanidis, Nektarios; Christiansen, Charlotte; Savva, Christos S.

    This paper adopts dynamic factor models with macro-finance predictors to revisit the intertemporal risk-return relation in five large European stock markets. We identify country specific, Euro area, and global factors to determine the conditional moments of returns considering the role of higher...

  9. The competences of European Union institutions in the trade policy (Lisbon Treaty

    Directory of Open Access Journals (Sweden)

    Margareta Timbur

    2010-12-01

    Full Text Available The European Union is the best known at the world’s leading trade power and the common trade policy is the core of EU external relations. The events of the last years and the extension of the EU to 27 member proved that the functioning system could no longer continue and was requiring a new institutional framework. The Lisbon Treaty was the right solution. It purposes are to bring changes for the citizens, institutions, external relations foe the consolidation of democracy in EU. This paper attempts to provide an overview of the major revisions introduced by the Treaty of Lisbon regarding the trade policy. Also, it analyses the extension and clarification of EU competence, the greater role of the European Parliament and the inclusion of investment policy in trade policy, the voting rules in trade area and the international negotiation of trade agreements. The study describes, as well, the impact of Lisbon Treaty implementation on the MS which are independent nations, but without power of decision in the common trade policy.

  10. Risk-Return Trade-Off for European Stock Markets

    OpenAIRE

    Aslanidis, Nektarios; Christiansen, Charlotte; Savva, Christos S.

    2015-01-01

    This paper adopts dynamic factor models with macro-finance predictors to revisit the intertemporal risk-return relation in five large European stock markets. We identify country specific, Euro area, and global factors to determine the conditional moments of returns considering the role of higher-order moments as additional measures of risk. The preferred combination of factors varies across countries. In the linear model, there is a strong but negative relation between conditional returns and...

  11. Study Trade-Offs on Future European Expendable Launchers

    OpenAIRE

    Sippel, Martin; van Foreest, Arnold; Philip, Peter; Jäger, Markus

    2009-01-01

    The paper describes latest results of recent activities in Germany in the technical assessment of future European launcher architecture. In a joint effort of DLR-SART with German launcher indus-try a next generation upper-medium class expendable TSTO and options for new liquid fuel upper stages for the small VEGA-launcher are addressed. The WOTAN study has investigated fully cryogenic launchers as well as those with a combination of solid and cryogenic stages, fulfilling a requirement of a...

  12. Mapping the Teaching of Laboratory Animal Science and Medicine in the European Union and European Free Trade Area.

    Science.gov (United States)

    Iatridou, Despoina; Nagy, Zsuzsanna; De Briyne, Nancy; Saunders, Jimmy; Bravo, Ana

    2018-06-13

    Developing a common market and allowing free movement of goods, services, and people is one of the main objectives of the European Union (EU) and the European Free Trade Area. In the field of scientific research, Directive 2010/63/EU on the protection of animals used for scientific purposes aims to improve the welfare of laboratory animals by following the principle of the 3Rs (replacement, reduction, and refinement). Each breeder, supplier, and user must appoint a designated veterinarian to advise on the well-being and treatment of the animals. In our report we investigate how the undergraduate veterinary curriculum prepares future veterinarians for the role of designated veterinarian, by analyzing data from 77 European veterinary education establishments. Over 80% of them provide training in laboratory animal science and medicine in their curriculum. All countries in the EU and the European Free Trade Area, having national veterinary schools, include such training in the curriculum of at least one of their establishments. Laboratory animal science and medicine courses can be obligatory or elective and are often part of more than one subject in the veterinary curricula. Post-graduate courses or programs are available at more than 50% of those veterinary schools. Most authorities in the European region consider graduate veterinarians ready to seek the role as designated veterinarian immediately after graduation.

  13. Trade and production fragmentation : Central European economies in European Union networks of production and marketing

    OpenAIRE

    Kaminski, Bartlomiej; Ng, Francis

    2001-01-01

    Developments driven by trade liberalization and tehcnological progress mean that old development strategies, based on state intervention and trade protection, no longer work. Global competition has brought a growing emphasis on product standards, rapid innovation, adaptability, and speedy response. Technology has made possible the fragmentation of production. Firms that become part of glob...

  14. European Trade – Where is Going? Retail Entertainment

    Directory of Open Access Journals (Sweden)

    Viorica JELEV

    2017-12-01

    Full Text Available As competition grows, brand manager imagination needs to work, and sales growth solutions need to focus on customer focus attention. It is a difficult task if all brands offer discounts in the malls they are in, and the announcement of differentiation is put to the attention of specialists who offer solutions for fun of any kind for the clients. The article aims to present the evolution of world trade in recent years and the various ways of diversion invented by retailers to keep customers in store chains longer for them to buy more. I will also present the off-line consumer profile, as found in the specialty studies and the adaptation of the entertainment methods according to these shoper typologies. The conclusion of this article will focus on what the link between entertaiment and retail is, the new concept of RETAILTAIMENT that leads to increased sales and profits of economic agents.

  15. European External Trade Policy: The Role of Ideas in German Preference Formation - www-publication

    NARCIS (Netherlands)

    Alons, G.C.

    2013-01-01

    In the literature examining European Union external trade policy, the relative influence of the Commission, the member states and interest groups are an issue of ongoing debate. This article will argue that member states can still play an important role and that a focus on member state preferences

  16. Development of a tool to model European biomass trade : Report for IEA Bioenergy Task 40

    NARCIS (Netherlands)

    Hoefnagels, E.T.A.; Junginger, H.M.; Resch, G.; Matzenberger, J.; Panzer, C.; Pelkmans, L.

    2011-01-01

    This report investigated the potential of future intra- and inter-European trade of solid biomass for bioenergy purposes taking country to country specific intermodal transport routes into account and matching supply and demand for energy crops, forestry products and residues and agricultural

  17. The World Trade Organization and the European Union

    DEFF Research Database (Denmark)

    Mortensen, Jens Ladefoged

    2008-01-01

    developments within foreign policy, this volume adopts a novel perspective on the EU as an international player. Seeking to move the focus of study beyond the European Union as itself an international organization, contributors set out to demonstrate EU aspirations to act within international organizations.......Analysing the way in which the EU engages in some of the most important international organizations, this book outlines a framework for analysis within this thriving subject of study. By demonstrating how the EU supports ‘effective multilateralism' and global governance, as well as furthering...

  18. Exchange Rate and Trade: J-curve in European Union

    Directory of Open Access Journals (Sweden)

    Dan Lupu

    2014-06-01

    Full Text Available The EU economy is experiencing a severe recession amid the global crisis, and although in other regions began to appear mild signs of recovery, in EU countries are recorded a continuously worsening. In many European states, the economic contraction is a consequence of the decrease in net exports component of GDP. The aim of the article is to analyze the situation in which the EU chooses to devalue its currency to increase exports. We found that, the depreciation of the Euro, has no influence on exports and that in EU, it is not expressed a J-curve effects.

  19. The enlargement of the European Union. Effects on trade and emissions of greenhouse gases

    International Nuclear Information System (INIS)

    Zhu, Xueqin; Van Ierland, Ekko

    2006-01-01

    With the gradual accession of various Central and Eastern European Countries (CEECs) to the European Union (EU), international trade between the EU and the CEECs will change as a result of trade liberalisation and the mobility of production factors within the EU. The EU and most of the CEECs have already committed themselves to reduce by 2008-2012 their emissions of greenhouse gases (GHGs) by 8% compared to the 1990 level. This paper reports on an investigation of the potential consequences of the enlargement of the EU and of the emission reduction target set by the Kyoto Protocol on the sectoral production patterns and international trade. A comparative-static general equilibrium model was developed to examine the impacts under different scenarios. For illustrative purposes, two regions (the EU and the CEECs) and three categories of goods and services (agricultural goods, industrial goods, and services) were included. The model was calibrated by the 1998 data. The model was subsequently applied to study the effects of free trade, the mobility of factors and the environmental constraints on production and international trade in light of the enlargement of the EU. We show that in this specific context, free trade is beneficial to economic welfare and does not necessarily increase emissions of greenhouse gases. The mobility of factors also increases economic welfare, but in the case of fixed production technology it may harm the environment through more emissions of GHGs. (author)

  20. Carbon allowance auction design of China's emissions trading scheme: A multi-agent-based approach

    International Nuclear Information System (INIS)

    Tang, Ling; Wu, Jiaqian; Yu, Lean; Bao, Qin

    2017-01-01

    In this paper, a multi-agent-based ETS simulation model is proposed for carbon allowance auction design in China. In the proposed model, two main agents, i.e., the government (the ETS implementer) and the firms in different sectors (the ETS targets), are considered. Under the ETS policy, all agents make various decisions individually according to their own goals, and interact with each other through three main markets: the commodity market, the primary carbon auction market and the secondary carbon trading market. Different popular auction designs are introduced into the ETS formulation to offer helpful insights into China's ETS design. (1) Generally, the ETS would lead to positive effects on China's carbon mitigation and energy structure improvement, but a negative impact on economy. (2) As for auction forms, the uniform-price design is relatively moderate, while the discriminative-price design is quite aggressive in both economic damage and emissions reduction. (3) As for carbon price, the uniform-price auction might generate a slightly higher market clearing price than the discriminative-price auction, and the prices under two auction rules fluctuate about RMB 40 per metric ton. (4) As for carbon cap, the total allowances in the carbon auction market should be carefully set to well balance economic growth and mitigation effect. - Highlights: • A multi-agent-based model is proposed for China's emissions trading scheme (ETS). • Two main economic agents are included: government and firms in different sectors. • Auction-based allocation for initial carbon allowances is especially investigated. • Economic and environmental impacts of different auction designs are analyzed. • Results confirm the validity of the model and give helpful insights into ETS design.

  1. European emission trading, renewable energy law and the law of governmental environmental allowances; Europaeischer Emissionshandel, Erneuerbare-Energien-Gesetz und das Recht der Umweltbeihilfen. Plaedoyer fuer einen ''more environmental approach'' im EU-Wettbewerbsrecht

    Energy Technology Data Exchange (ETDEWEB)

    Jacobs, Max

    2016-07-01

    The book on European emission trading, renewable energy law and the law of governmental environmental allowances covers the following issues: The European emission trading system and the European law on competition, the European emission trading system and competitive concerns; The European renewable energy law and the European law on competition, The European renewable energy law and competitive concerns; environmental protection the European competition policy.

  2. Emissions trading in international aviation. Possible design options for an emissions trading scheme and their impact on climate change and the aviation industry

    International Nuclear Information System (INIS)

    Deuber, Odette; Cames, Martin

    2003-01-01

    According to the Intergovernmental Panel on Climate Change (IPCC), the contribution of aviation to global warm-ing was 3.5 % in 1992. Considering the average growth rate of 4 % per year, the share might be more than doubled by the end of the first commitment period of the Kyoto Protocol (2012). However, due to difficulties in allocating emissions from international aviation to individual countries, these emissions are exempt from commitments under the Kyoto Protocol, although in Article 2.2 the Parties to the Protocol are obliged to stabilize and reduce greenhouse gas emissions from international aviation. To comply with this obligation, the introduction of emissions trading in international aviation is being discussed within the International Civil Aviation Organisation (ICAO). This paper analyses the design options of such an emissions trading scheme and its impact on climate change and the aviation industry. Among other matters, it discusses issues such as open and closed emissions trading schemes, coverage of gases, initial allocation of allowances and possible caps for the aviation industry. It is based on a re-search project that has been carried out on behalf of the German Federal Environmental Agency. The paper reveals that despite complex tropospheric and stratospheric interactions, as well as allocation problems, there are adequate structural options for the design of an emissions trading scheme. Given an adequate structure, emissions trading offers a great incentive to optimise flight routes not only according to economic but also to climatic factors. Consequently, the system would effectively reduce the contribution of aviation to climate change

  3. A public choice view on the climate and energy policy mix in the EU — How do the emissions trading scheme and support for renewable energies interact?

    International Nuclear Information System (INIS)

    Gawel, Erik; Strunz, Sebastian; Lehmann, Paul

    2014-01-01

    In this paper, we analyze the rationale for an energy policy mix when the European Emissions Trading Scheme (ETS) is considered from a public choice perspective. That is, we argue that the economic textbook model of the ETS implausibly assumes (1) efficient policy design and (2) climate protection as the single objective of policy intervention. Contrary to these assumptions, we propose that the ETS originates from a political bargaining game within a context of multiple policy objectives. In particular, the emissions cap is negotiated between regulators and emitters with the emitters' abatement costs as crucial bargaining variable. This public choice view yields striking implications for an optimal policy mix comprising RES supporting policies. Whereas the textbook model implies that the ETS alone provides sufficient climate protection, our analysis suggests that support for renewable energies (1) contributes to a more effective ETS-design and (2) may even increase the overall efficiency of climate and energy policy if other externalities and policy objectives besides climate protection are considered. Thus, our analysis also shows that a public choice view not necessarily entails negative evaluations concerning efficiency and effectiveness of a policy mix. - Highlights: • We analyze the interaction of the EU Emissions Trading Scheme and support policies for RES. • Stylized framework with emission cap as variable to be negotiated between regulators and emitters. • RES-support contributes to a more stringent emission cap and may even increase overall efficiency

  4. Self-seeding scheme for the soft X-ray line at the European XFEL

    Energy Technology Data Exchange (ETDEWEB)

    Geloni, Gianluca [European XFEL GmbH, Hamburg (Germany); Kocharyan, Vitali; Saldin, Evgeni [Deutsches Elektronen-Synchrotron (DESY), Hamburg (Germany)

    2012-02-15

    This paper discusses the potential for enhancing the capabilities of the European FEL in the soft X-ray regime. A high longitudinal coherence will be the key to such performance upgrade. In order to reach this goal we study a very compact soft X-ray self-seeding scheme originally designed at SLAC. The scheme is based on a grating monochromator, and can be straightforwardly installed in the SASE3 undulator beamline at the European XFEL. For the European XFEL fully-coherent soft X-ray pulses are particularly valuable since they naturally support the extraction of more FEL power than at saturation by exploiting tapering in the tunable-gap SASE3 undulator. Tapering consists of a stepwise change of the undulator gap from segment to segment. Based on start-to-end simulations we show that soft X-ray FEL power reaches about 800 GW, that is about an order of magnitude higher than the SASE level at saturation (100 GW). The self-seeding setup studied in this work is extremely compact (about 5 m long), and cost-effective. This last characteristic may justify to consider it as a possible addition to the European XFEL capabilities from the very beginning of the operation phase. (orig.)

  5. Self-seeding scheme for the soft X-ray line at the European XFEL

    International Nuclear Information System (INIS)

    Geloni, Gianluca; Kocharyan, Vitali; Saldin, Evgeni

    2012-02-01

    This paper discusses the potential for enhancing the capabilities of the European FEL in the soft X-ray regime. A high longitudinal coherence will be the key to such performance upgrade. In order to reach this goal we study a very compact soft X-ray self-seeding scheme originally designed at SLAC. The scheme is based on a grating monochromator, and can be straightforwardly installed in the SASE3 undulator beamline at the European XFEL. For the European XFEL fully-coherent soft X-ray pulses are particularly valuable since they naturally support the extraction of more FEL power than at saturation by exploiting tapering in the tunable-gap SASE3 undulator. Tapering consists of a stepwise change of the undulator gap from segment to segment. Based on start-to-end simulations we show that soft X-ray FEL power reaches about 800 GW, that is about an order of magnitude higher than the SASE level at saturation (100 GW). The self-seeding setup studied in this work is extremely compact (about 5 m long), and cost-effective. This last characteristic may justify to consider it as a possible addition to the European XFEL capabilities from the very beginning of the operation phase. (orig.)

  6. A Dragon and a Dove? A Comparative Overview of Chinese and European Trade Relations with Sub-Saharan Africa

    Directory of Open Access Journals (Sweden)

    Bert Jacobs

    2011-01-01

    Full Text Available As China’s footprint in African trade grows larger by the day, the need to contextualize this rise through comparative analysis becomes ever more necessary. This paper contrasts the sub-Saharan trade relations of both China and Europe with their respective designated stereotypes: those of a dragon and a dove. The article compares the trade dynamics on four levels: the policies and institutional mechanisms that shape the relationship; the composition of the trade flows; the geographic distribution of trade dominance; and the influence of norms and values on the trade pattern. It concludes that although there are empirical grounds behind these stereotypes, Chinese and European trade relations with sub-Saharan Africa are becoming more similar, partly due to a more hawkish European stance.

  7. Muslim and European Perceptions of Oceanic "Trade" in the Fifteenth and Sixteenth Centuries and their Implications for International Politics

    Directory of Open Access Journals (Sweden)

    Abdullah al-Ahsan

    1999-12-01

    Full Text Available In the fifteenth and sixteenth centuries Muslim and European powers perceived the importance of oceanic trade routes differently. During this earliest phase of European colonial expansion, Muslim powers, particularly the Osmanlis who claimed to be the champion of Islam, did not consider the loss of oceanic trade routes to Europeans a serious threat to Muslim interests. However, this gradually led not only to the loss of trade which was once dominated by Mus1im merchants, but might have contributed to the total disappearance of Muslim powers from their supremacy of world politics later in history.

  8. The European Union's potential for strategic emissions trading through permit sales contracts

    International Nuclear Information System (INIS)

    Eyckmans, Johan; Hagem, Cathrine

    2011-01-01

    Strategic market behavior by permit sellers will harm the European Union (EU) as it is expected to become a large net buyer of permits in a follow-up agreement to the Kyoto Protocol. In this paper, we explore how the EU could benefit from making permit trade agreements with non-EU countries. These trade agreements involve permit sales requirement, complemented by a financial transfer from the EU to the other contract party. Such agreements would enable the EU to act strategically in the permit market on behalf of its member states, although each member state is assumed to behave as a price taker in the permit market. Using a stylized numerical simulation model, we show that an appropriately designed permit trade agreement between the EU and China could significantly cut the EU's total compliance cost. This result is robust for a wide range of parameterizations of the simulation model. (author)

  9. Prediction of Pig Trade Movements in Different European Production Systems Using Exponential Random Graph Models.

    Science.gov (United States)

    Relun, Anne; Grosbois, Vladimir; Alexandrov, Tsviatko; Sánchez-Vizcaíno, Jose M; Waret-Szkuta, Agnes; Molia, Sophie; Etter, Eric Marcel Charles; Martínez-López, Beatriz

    2017-01-01

    In most European countries, data regarding movements of live animals are routinely collected and can greatly aid predictive epidemic modeling. However, the use of complete movements' dataset to conduct policy-relevant predictions has been so far limited by the massive amount of data that have to be processed (e.g., in intensive commercial systems) or the restricted availability of timely and updated records on animal movements (e.g., in areas where small-scale or extensive production is predominant). The aim of this study was to use exponential random graph models (ERGMs) to reproduce, understand, and predict pig trade networks in different European production systems. Three trade networks were built by aggregating movements of pig batches among premises (farms and trade operators) over 2011 in Bulgaria, Extremadura (Spain), and Côtes-d'Armor (France), where small-scale, extensive, and intensive pig production are predominant, respectively. Three ERGMs were fitted to each network with various demographic and geographic attributes of the nodes as well as six internal network configurations. Several statistical and graphical diagnostic methods were applied to assess the goodness of fit of the models. For all systems, both exogenous (attribute-based) and endogenous (network-based) processes appeared to govern the structure of pig trade network, and neither alone were capable of capturing all aspects of the network structure. Geographic mixing patterns strongly structured pig trade organization in the small-scale production system, whereas belonging to the same company or keeping pigs in the same housing system appeared to be key drivers of pig trade, in intensive and extensive production systems, respectively. Heterogeneous mixing between types of production also explained a part of network structure, whichever production system considered. Limited information is thus needed to capture most of the global structure of pig trade networks. Such findings will be useful

  10. Next allocation phase of the EU emissions trading scheme: How tough will the future be?

    International Nuclear Information System (INIS)

    Georgopoulou, E.; Sarafidis, Y.; Mirasgedis, S.; Lalas, D.P.

    2006-01-01

    The development of National Allocation Plans (NAPs) for the first phase 2005-2007 of the EU emissions trading scheme (EU-ETS) was accompanied by the stated concern of the industrial enterprises with installations that fall under the scope of the relevant Directive 2003/87, since the impacts of the allocation in their financial and technical modes of operation were judged to be severe. Thus, the intensity of the negotiations for the next allocation phase (i.e. 2008-2012), is expected to be heated. With a view to assisting enterprises, especially in the energy sector or for which energy use and its management is a crucial part of their activity, to incorporate in their business plans the impacts of the Directive in an informed manner, an attempt is made here to explore the constraints and the available options that will guide the coming EU-ETS potential allocations. In the analysis, the credits derived from the use of CDM are specifically taken into account. The results show that the next allocations would tend to be significantly more stringent than the current ones because of the combined effect of no inter-period transfer of allowances, the amount of CDM credits expected to be available compared to the amount of effort that would be required and the yield of emission reductions from existing or planned policies and measures. It becomes then crucial, if not imperative, for the enterprises involved as well as national governments to examine carefully means to address their obligations under the Directive

  11. Agricultural Trade Restrictiveness in the European Union and the United States

    OpenAIRE

    Jean-Christophe Bureau; Luca Salvatici

    2001-01-01

    The paper provides a summary measure of the Uruguay Round tariff reduction commitments in the European Union and the United States, using the Mercantilistic Trade Restrictiveness Index (MTRI) as the tariff aggregator. We compute the index for agricultural commodity aggregates assuming a specific (Constant Elasticity of Substitution) functional form for import demand. The levels of the MTRI under the actual commitments of the Uruguay Round are computed and compared with two hypothetical cases,...

  12. Bank regulatory Capital Buffer and Liquidity: Evidence from US and European Publicly Traded Banks

    OpenAIRE

    Distinguin , Isabelle; Roulet , Caroline; Tarazi , Amine

    2012-01-01

    The theory of financial intermediation highlights various channels through which capital and liquidity are interrelated. Using a simultaneous equations framework, we investigate the relationship between bank regulatory capital buffer and liquidity for European and U.S. publicly traded commercial banks. Previous research studying the determinants of bank capital buffer has neglected the role of liquidity. On the whole, we find that banks do not strengthen their regulatory capital buffer when t...

  13. Wood energy and European trade patterns: why Sweden is the No. 1 biofuel importer in Europe

    International Nuclear Information System (INIS)

    Hillring, B.; Vinterbaeck, J.

    1999-01-01

    A high tax on fossil fuels in Sweden and more extensive waste legislation in some densely populated European countries, e.g., Germany and the Netherlands, explain why the Swedish imports of wood-fuels and recycled wood-fuels have increased dramatically in the past few years. The industrial use of wood-fuels is strongly dependent on prices of competitive fuels, i.e., fossil fuels, but it is also affected by policy instruments. Energy policies have up to now mainly been national. The expected common energy policy of the European Union, stated in the EU white paper, will have important influences on biofuel trade. Sweden experienced a massive development of district heating systems during the last 20 years. Mainly due to the tax system's carbon dioxide tax, wood-fuels compete successfully on this market with fossil fuels and other untaxed biofuels. Imports help replace fossil fuels. This study, which is a follow-up of a 1993 trade study, examines the forces that drive the increasing biofuel trade in Europe and analyzes the Swedish trade in biofuels. In 1997 imports amounted to 15-24 PJ which is about one fourth of the total biofuel consumed by Swedish district heating and about three times that projected in earlier studies. Out of this, about half was classified as wood-fuels. (author)

  14. Emissions trading in the Netherlands

    International Nuclear Information System (INIS)

    Zapfel, P.

    2002-01-01

    In the article 'Emissions trading in the Netherlands. The optimal route towards an international scheme?' (issue 1, 2002) Mulder asks the question to what extent a Dutch national CO2 trading scheme is a worthwhile effort toward an international trading scheme (i.e. is it a first step toward a European-wide emissions trading scheme) when presenting the proposal of the Dutch Commission on CO2 trade and related economic analysis. His conclusion, underlined by modeling results, is that a national scheme along the lines proposed by the Dutch Commission is an expensive policy instrument due to the high transaction costs. The first-best option according to Mulder is to impose CO2-emissions trading with an absolute ceiling on an international level. In the meantime, he states, improving the design of the energy tax system may be an efficient alternative. In this comment I would like to address two issues. First, does the approach proposed by the Dutch Commission make sense from a European perspective towards an EU-wide cap and trade allowance scheme as proposed by the European Commission in October 2001? and Second, what might this Dutch model and philosophy, scaled up to the EU level, look like?

  15. Emissions Trading - An Internet site on the EU Emissions Trading Scheme (ETS); Utslappshandel - En Internetsida om handel med utslaeppsraetter inom EU

    Energy Technology Data Exchange (ETDEWEB)

    2009-07-01

    Utslappshandel.se is a one-stop shop for overall information about the EU Emissions Trading Scheme (ETS) as applied in Sweden (the site is available in Swedish and English). It also offers a gateway to the Swedish Emissions Trading Registry (SUS), where companies report their transactions on an ongoing basis and surrender emission allowances once a year. The Swedish Energy Agency is in charge of the Swedish registry. The Swedish Environmental Protection Agency decides on the allocation of emission allowances and is responsible for following up companies' annual reporting on their CO{sub 2} emissions. The EU ETS is expected to cover installations equivalent to approximately 50 per cent of total CO{sub 2} emissions in the EU. In Sweden, it is expected to cover only 40 per cent of emissions, mainly owing to the very low level of fossil electricity production

  16. Customer satisfaction survey to improve the European cystic fibrosis external quality assessment scheme.

    Science.gov (United States)

    Berwouts, Sarah; Dequeker, Elisabeth

    2011-08-01

    The Cystic Fibrosis European Network, coordinated from within the Katholieke Universiteit Leuven, is the provider of the European cystic fibrosis external quality assessment (EQA) scheme. The network aimed to seek feedback from laboratories that participated in the cystic fibrosis scheme in order to improve services offered. In this study we analysed responses to an on-line customer satisfaction survey conducted between September and November 2009. The survey was sent to 213 laboratories that participated in the cystic fibrosis EQA scheme of 2008; 69 laboratories (32%) responded. Scores for importance and satisfaction were obtained from a five-point Likert scale for 24 attributes. A score of one corresponded to very dissatisfied/very unimportant and five corresponded to very satisfied/very important. Means were calculated and placed in a two-dimensional grid (importance-satisfaction analysis). Means were subtracted from each other to obtain gap values (gap-analysis). No attribute had a mean score below 3.63. The overall mean of satisfaction was 4.35. Opportunities for improvement enclosed clarity, usefulness and completeness of the general report and individual comments, and user-friendliness of the electronic datasheet. This type of customer satisfaction survey was a valuable instrument to identify opportunities to improve the cystic fibrosis EQA scheme. It should be conducted on a regular basis to reveal new opportunities in the future and to assess effectiveness of actions taken. Moreover, it could be a model for other EQA providers seeking feedback from participants. Overall, the customer satisfaction survey provided a powerful quality of care improvement tool.

  17. Understanding the effect of an emissions trading scheme on electricity generator investment and retirement behaviour: the proposed carbon pollution reduction scheme

    Energy Technology Data Exchange (ETDEWEB)

    Lambie, N.R. [Australian National University, Canberra, ACT (Australia). Crawford School of Economics & Government

    2010-04-15

    The objective of a greenhouse gas (GHG) emissions trading scheme (ETS) is to reduce emissions by transitioning the economy away from the production and consumption of goods and services that are GHG intensive. A GHG ETS has been a public policy issue in Australia for over a decade. The latest policy initiative on an ETS is the proposed Carbon Pollution Reduction Scheme (CPRS). A substantial share of Australia's total GHG reduction under the CPRS is expected to come from the electricity generation sector. This paper surveys the literature on investment behaviour under an ETS. It specifically focuses on the relationship between the design of an ETS and a generator's decisions to invest in low emissions plant and retire high emissions plant. The proposed CPRS provides the context for presenting key findings along with the implications for the electricity generation sector's transition to lower emissions plant. The literature shows that design features such as the method of allocating permits, the stringency of the emissions cap along with permit price uncertainty, provisions for banking, borrowing and internationally trading permits, and the credibility of emissions caps and policy uncertainty may all significantly impact on the investment and retirement behaviour of generators.

  18. Carbon Countdown. Emissions trading to combat climate change

    International Nuclear Information System (INIS)

    2006-06-01

    The European Emission Trading Scheme (EU ETS) is a crucial cornerstone of climate change policy in Europe and the first international trading system for carbon dioxide (CO2) emissions in the world. The ETS is a major part of the solution to one of the biggest challenges humanity is facing: global warming. A WWF review of Phase 1 of the European Emission Trading Scheme and recommendations to improve its environmental effectiveness and economic efficiency for Phase 2

  19. Green certificate trading in the Netherlands in the prospect of the European electricity market

    International Nuclear Information System (INIS)

    Dinica, Valentina; Arentsen, Maarten J.

    2003-01-01

    The support system for green electricity in the Netherlands has been one of the most complex and complicated systems across Europe. A voluntary trade of green certificates--or green labels--was one of the schemes used in the policy models of the 1990s. The liberalization of the electricity market has attracted substantial changes in the degree and nature of commitment by energy companies and political authorities for renewable electricity. In 2001, a new mechanism for the voluntary trade of green certificates has become operational, replacing the green label trade system one terminated in the end of 2000. This paper presents the two systems of green certificates' trade developed in the Netherlands and discusses their market stimulation potential in the very different economic and industrial circumstances that has surrounded each of them. The paper argues for a need to enable a support system that reduces investment risks as much as possible, and removes the residual, but still strong, institutional, administrative and social barriers for renewables' deployment. But before this, a clear governmental vision on the role of renewables in current energy supply systems is first needed, backed by a coherent policy and sufficient support along the economic dimension of renewables' market diffusion

  20. Korea's emission trading scheme and policy design issues to achieve market-efficiency and abatement targets

    International Nuclear Information System (INIS)

    Park, Hojeong; Hong, Won Kyung

    2014-01-01

    In 2008, the government of Republic of Korea (Korea) announced the national abatement target aiming at 30% reductions from the Business-as-Usual projections by 2020. Accordingly, the Emission Trading Scheme (ETS) will be implemented from 2015 onwards. As ETS performance substantially depends on the structural design, it is critically important to examine the details of Korean ETS for the achievement of cost effectiveness and concurrent development of an active emission trading market. This paper addresses several policy design issues for this purpose. After providing an overview on the current framework of Korean ETS, we propose ways to achieve flexibility, consistency and market efficiency of the program in consideration of the preexisting policies. Issues in policy design are discussed by focusing on allowance allocation, market stabilization measures and price mechanism in the emission and energy markets in Korea. This paper will serve as a practical guideline for establishing sustainable and market-efficient Korean ETS that can be compatible with the international standards as in the EU ETS. - Highlights: • Emission Trading Scheme (ETS) will be implemented from 2015 in Korea to reduce CO 2 . • ETS performance substantially depends on structural design. • We provide policy overview on the current framework of Korean ETS. • Several policy design issues are discussed for developing policy consistency. • We focus on allowance allocation, allowance reserve and market stabilization measures

  1. Baltic Pathways from Liberal Trade Model to Neo-Mercantilism in the European Union

    Directory of Open Access Journals (Sweden)

    Viljar Veebel

    2015-09-01

    Full Text Available The economic progress of the Baltic States after the restoration of independence has been closely related to the liberal ideology and values of their economies: openness to investments, simple tax system and low tax burden, liberal trade policy, and flexible labour market. Unlike the Baltic States, some of their main partners in the European Union (EU have focused on promoting their economic growth by the neo-mercantilist way of expanding exports, supported by the economic structure of these countries exporting high technology and capital goods. As a result, when the Baltic States are expecting that in a broader context the other eu member states share the same vision of the liberal market economy, their motives have not been fully understood among their regional trade and cooperation partners. Current study will debate whether the practical implementation and needs of the European neo-mercantilism meet the economic and social needs of the Baltic States. Additionally, the study focuses on the question whether in practice the Baltic countries should be ready for the European neo-mercantilist project in upcoming years.

  2. Open issues concerning cross border trade mechanism in southeastern European countries

    International Nuclear Information System (INIS)

    Gugu, Florin; Mihailescu, Florentina; Cirlan, Florica

    2004-01-01

    The first South East Europe Electricity Regulatory Forum (SEEER) has agreed that all participants in the 'Athens Process' (AP) should collaborate efficiently in achieving a clear common objective consisting in the creation of a competitive Regional Electricity Market (REM) in South-Eastern Europe (SEE), based on the rules currently in force and being developed in the European Union. The 'Memorandum of Understanding on the REM in SEE and its integration in EU Internal Electricity Market (IEM)' has charged CEER to undertake actions for pursuing a series of specific technical activities. One of the most important actions was the implementation of a trading mechanism such as cross border tariffs. Based on this mechanism the Transmission System Operators, TSO, shall receive compensation for costs incurred as a result of hosting transit flows of electricity on their network. An important problem is the Horizontal Network (HN) cost calculation. Horizontal Network is defined as a part of the transmission network that is most significantly influenced by the cross border exchanges. The calculation of the cost of the SEE HN is in some way problematic because the reorganization of the SEE power sector in different countries is often at the beginning. The paper presents the impact on the TSO's cost claim of the following technical issues which, at present, are not solved in conformity to ETSO CBT mechanism for 2003: - 110 kV network inclusion in the HN definition and its impact on HN cost; - Consideration of the standard cost in the calculation of the HN annual cost; - Consideration of the annual consumption for the calculation of the HN annual cost due to transits (transit key). The Cross Border Trade, CBT, mechanism represents an harmonized payment scheme for the compensation of the national transmission systems for their usage by the cross border flows. The paper addresses the following issues: 1. Assessment of the current state of play in the SEE region; 2. Main principles

  3. Unemployment Benefits as Redistribution Scheme of Trade Gains - a Positive Analysis

    OpenAIRE

    de Pinto, Marco

    2012-01-01

    Trade liberalization is no Pareto-improvement . there are winners (high-skilled) and losers (low-skilled). To compensate the losers the government is assumed to introduce unemployment benefits (UB). These benefits are financed by either a wage tax, a payroll tax, or a profit tax. Using a Melitz -type model of international trade with unionized labour markets and heterogeneous workers we show that: (i) UB .financed by a wage tax reduce aggregate employment but increase welfare measured by per ...

  4. Validation of Martilli's urban boundary layer scheme with measurements from two mid-latitude European cities

    Science.gov (United States)

    Hamdi, R.; Schayes, G.

    2007-08-01

    Martilli's urban parameterization scheme is improved and implemented in a mesoscale model in order to take into account the typical effects of a real city on the air temperature near the ground and on the surface exchange fluxes. The mesoscale model is run on a single column using atmospheric data and radiation recorded above roof level as forcing. Here, the authors validate Martilli's urban boundary layer scheme using measurements from two mid-latitude European cities: Basel, Switzerland and Marseilles, France. For Basel, the model performance is evaluated with observations of canyon temperature, surface radiation, and energy balance fluxes obtained during the Basel urban boundary layer experiment (BUBBLE). The results show that the urban parameterization scheme represents correctly most of the behavior of the fluxes typical of the city center of Basel, including the large heat uptake by the urban fabric and the positive sensible heat flux at night. For Marseilles, the model performance is evaluated with observations of surface temperature, canyon temperature, surface radiation, and energy balance fluxes collected during the field experiments to constrain models of atmospheric pollution and transport of emissions (ESCOMPTE) and its urban boundary layer (UBL) campaign. At both urban sites, vegetation cover is less than 20%, therefore, particular attention was directed to the ability of Martilli's urban boundary layer scheme to reproduce the observations for the Marseilles city center, where the urban parameters and the synoptic forcing are totally different from Basel. Evaluation of the model with wall, road, and roof surface temperatures gave good results. The model correctly simulates the net radiation, canyon temperature, and the partitioning between the turbulent and storage heat fluxes.

  5. Benchmarking and the allocation of emission rights. European Parliament agreement on CO2 emission trade

    International Nuclear Information System (INIS)

    Harmsen, H.

    2003-01-01

    July 2, 2003, the Parliament of the European Union approved the directive for CO2 emission trade, which means that the energy-intensive industry and businesses in Europe have to deal with cost for CO2 emission from 2005 onwards. It is estimated that the Dutch government will have to distribute circa 90 million ton of CO2 emission rights (1.8 billion euro at a price of 20 euro per ton CO2). In order to realize a fair and transparent distribution of the rights use can be made of the Covenant Benchmarking for Energy Efficiency [nl

  6. Options of biofuel trade from Central and Eastern to Western European countries

    International Nuclear Information System (INIS)

    van Dam, J.; Faaij, A.P.C.; Lewandowski, I.; Van Zeebroeck, B.

    2009-01-01

    Central and Eastern European countries (CEEC) have a substantial biomass production and export potential. The objective of this study is to assess whether the market for biofuels and trade can be profitable enough to realize a supply of biofuels from the CEEC to the European market and to estimate the cost performance of the energy carriers delivered. Five NUTS-2 (Nomenclature d'Unites Territoriales Statistiques) regions with high biomass production potentials in Poland, Romania, Hungary and the Czech Republic were analysed for biofuel export options. From these regions pellets from willow can be provided to destination areas in Western European countries (WEC) at costs of 105.2-219.8 EUR t -1 . Ethanol can be provided at 11.95-20.89 EUR per GJ if the biomass conversion is performed at the destination areas in the WEC or at 14.84-17.83 EUR GJ -1 J if the biomass to ethanol conversion takes place (at small scale) at the CEEC region where the biomass is produced. Short sea shipping shows most cost advantages for longer distance international transport compared to inland waterway shipping and railway. Another reason for lower biofuel supply costs are shorter distances between the regions of biomass production and the destination areas. Therefore the Szczecin region in Poland, closely located to the Baltic Sea, shows a better economic performance for long distance trade of biomass production than the selected region in Hungary ('land-locked'). It is concluded that in future key CEEC regions can supply (pre-treated) biomass and biofuels to the European market at cost levels, which are sound and attractive to current and expected diesel and gasoline prices. (author)

  7. An emissions trading scheme design for power industries facing price regulation

    International Nuclear Information System (INIS)

    Kim, Yong-Gun; Lim, Jong-Soo

    2014-01-01

    The electricity market, monopolistic in nature, with government price regulation, poses a serious challenge for policy makers with respect to the cost-effectiveness of emissions trading, particularly in Asian countries. This paper argues that a cap-and-trade regulatory system for indirect emissions combined with a rate-based allocation system for direct emissions can achieve market efficiency even in the presence of price and quantity controls in the electricity market. This particular policy mix could provide appropriate incentives for industries to reduce their electricity consumption while inducing power producers to reduce their direct carbon emissions cost-effectively in conditions where there is strict government control of electricity prices. Another advantage of the suggested policy mix is that it allows carbon leakage in cross-border power trades to be effectively eliminated. - Highlights: • A rate-based allocation induces power producers to minimize direct emissions. • A cap-and-trade on indirect emission induces firms to reduce electricity consumption. • These two can jointly achieve market efficiency even in the regulated power market

  8. The design and implementation of an international trading scheme for greenhouse gas emissions

    NARCIS (Netherlands)

    Zhang, ZX

    The inclusion of emissions trading in the Kyoto Protocol reflects an important decision to address climate-change issues through flexible market mechanisms. The author addresses a number of policy issues that must be considered in designing and implementing an international greenhouse gas (GHG)

  9. Impacts on CO2 Emission Allowance Prices in China: A Quantile Regression Analysis of the Shanghai Emission Trading Scheme

    Directory of Open Access Journals (Sweden)

    Jie Zhang

    2016-11-01

    Full Text Available A pilot regional carbon emission trading scheme (ETS has been implemented in China for more than two years. An investigation into the impacts of different factors on carbon dioxide (CO2 emission allowance prices provides guidance for price-making in 2017 when the nation-wide ETS of China will be established. This paper adopts a quantile regression approach to estimate the impacts of different factors in Shanghai emission trading scheme (SH-ETS, namely, economic growth, energy prices and temperature. The empirical analysis shows that: (i the economic growth in Shanghai leads to a drop in the carbon allowance prices; (ii the oil price has a slightly positive effect on the allowance prices regardless of the ordinary least squares (OLS or quantile regression method; (iii a long-run negative relationship exists between the coal price and the Shanghai emission allowances (SHEA prices, but a positive interaction under different quantiles, especially the 25%–50% quantiles; (iv temperature has a significantly positive effect at the 20%–30% quantiles and a conspicuous negative impact at the right tail of the allowances prices.

  10. Have Sanctions Modified Iran’s Trade Policy? An Evidence of Asianization and De-Europeanization through the Gravity Model

    Directory of Open Access Journals (Sweden)

    Liudmila Popova

    2016-10-01

    Full Text Available This study is an empirical attempt to find out whether under sanctions Iran’s trade direction has shifted away from Europe (trade policy of de-Europeanization towards Asia (trade policy of Asianization. The analysis is conducted using a panel-gravity trade model to analyze bilateral trade pattern between Iran and 50 countries from the EU and Asia during the period 2006–2013. To this end, the authors use an extended gravity model by adding new variables, including the index of Chinn–Ito (KAOPEN as an indicator of financial openness, and the composite trade intensity (CTI as an indicator of trade openness. Our findings reveal that the gravity equation fits the data reasonably well. The empirical evidence indicates a significant negative effect of sanctions on Iran–EU bilateral trade (by an average of 46.9%, while it has a positive impact on trade between Iran and the Asian countries (by an average of 85.2%. Overall, these findings confirm that the imposition of various sanctions related to Iran’s nuclear program has pushed the country’s foreign trade to reorient away from Europe towards Asia.

  11. Integration of marine transport into the European Emissions Trading System. Environmental, economic and legal analysis of different options

    Energy Technology Data Exchange (ETDEWEB)

    Baeuerle, Tim [Rechtsanwaelte Zimmermann - Gretz - Trautmann - Baeuerle, Heidelberg (Germany); Graichen, Jakob; Meyer, Kristin; Seum, Stefan [Oeko-Institut e.V., Berlin (Germany); Kulessa, Margareta [Mainz Univ. of Applied Sciences (Germany); Oschinski, Matthias

    2010-05-15

    Marine vessels globally contribute to carbon dioxide emissions with approximately 3.3% (IMO 2009). Interna-tional ocean shipping has been growing significantly over recent years. To date international marine emissions are not part of the Kyoto obligations and the member states at IMO have not implemented instruments that would have limited or reduced the amount of greenhouse gas emissions from ships. The European Union has announced that if no international agreement including reduction targets for seaborne emissions has been approved by the UNFCCC by December 31, 2011, the EC is tasked to submit a proposal for including international marine transport in Euro-pean reduction targets and policy measures. An inclusion of international marine transport in the European Emis-sions Trading Scheme (EU ETS) is a likely scenario. The study investigates three options for integrating international ocean shipping into the EU ETS based on: a last period; the last distance travelled and the distance the cargo has travelled. Basing the system on a last period is superior to basing it on last trip or cargo in terms of environmental effectiveness. However, the system would cover vessel activities in international waters, even potentially between two non-European ports, and thus the legal feasi-bility of this challenge is discussed. Another element of the study is the analysis of the economic effects of the inte-gration of international seaborne greenhouse gas emissions into the EU ETS. Overall it can be concluded that the integration of international ocean shipping into the EU ETS is a legally and technically feasible option with no significantly negative or even beneficial economic effects. The extension to vessel activity in international waters secures adequate coverage and environmental effectiveness. This extension to vessel activity in international waters is not only a prerequisite for adequate emissions coverage, but is also associated with the least legal obstacles, is

  12. The European Union’s Trade Strategy and Its Reflections on Turkey: an Evaluation from the Perspective of Free Trade Agreements

    Directory of Open Access Journals (Sweden)

    Sait AKMAN

    2010-04-01

    Full Text Available This study attempts to assess implications, of European Union’s (EU new trade strategy and its Free Trade Agreements (FTAs with third countries, on Turkey-EU relations. It analyses critics raised in the context of FTAs and puts forward that the sustainability of the relations is contingent to the satisfaction of a set of criteria.The EU shifted its trade policy from sole reliance on multilateral trade negotiations towards initiatives for bilateral and preferential agreements (PTAs under its ‘Global Europe’ strategy which was adopted in 2006, to propose its trade policy agenda and priorities in accordance with its Lisbon Strategy. WTO Doha Round is currently in deadlock and it is improbable that it will be concluded in the near future. Partly for this reason, the EU tends to implement its policy objectives constantly through a set of FTAs. Turkey has to align its trade policy to the EU’s preferential regimes, pursuant to its obligations arising from the Customs Union (CU. Hence, it has concluded so far sixteen FTAs with relevant countries. On the other hand, the intensification of critics about the FTAs process and the CU brings impediments for Turkey to commit itself to its CU obligations in the next period. Two main motives can be cited as a reason: First, the EU trade strategy obviously considers the global context within which the EU rests; and the Member States’ interests, which are subsequently reflected into its FTAs. Nevertheless, a harmonious action by Turkey becomes onerous as long as EU trade priorities diverge from Turkey’s long term trade strategy. Second reason, aside from technical aspects of the CU, can be attributed to the ‘political uncertainty’ converged around the ‘open-endedness’ of the membership process, which in turn affects the CU, Turkey’s most vital linkage to the EU, and the commitments there from.

  13. How polygeneration schemes may develop under an advanced clean fossil fuel strategy under a joint sino-European initiative

    International Nuclear Information System (INIS)

    Hetland, Jens; Zheng, Li; Shisen, Xu

    2009-01-01

    In this article the prospect of emerging co-production and polygeneration schemes based on pre-combustion decarbonisation and options for geological storage of the CO 2 are discussed in a European and Chinese setting. Reference is made to European and Chinese undertakings - especially the COACH project that is being conducted under the auspices of the European Commission. COACH is based on principles lined up by the EU-based DYNAMIS project with reference to options for decarbonising fossil fuels within a more sustainable framework. (author)

  14. Condition-Dependent Trade-Off Between Weapon Size and Immunity in Males of the European Earwig.

    Science.gov (United States)

    Körner, Maximilian; Vogelweith, Fanny; Foitzik, Susanne; Meunier, Joël

    2017-08-11

    Investigating the expression of trade-offs between key life-history functions is central to our understanding of how these functions evolved and are maintained. However, detecting trade-offs can be challenging due to variation in resource availability, which masks trade-offs at the population level. Here, we investigated in the European earwig Forficula auricularia whether (1) weapon size trades off with three key immune parameters - hemocyte concentration, phenoloxidase and prophenoloxidase activity - and whether (2) expression and strength of these trade-offs depend on male body condition (body size) and/or change after an immune challenge. Our results partially confirmed condition dependent trade-offs between weapon size and immunity in male earwigs. Specifically, we found that after an immune challenge, weapon size trades off with hemocyte concentrations in low-condition, but not in good-condition males. Contrastingly, weapon size was independent of pre-challenge hemocyte concentration. We also found no trade-off between weapon size and phenoloxidase activity, independent of body condition and immune challenge. Overall, our study reveals that trade-offs with sexual traits may weaken or disappear in good-condition individuals. Given the importance of weapon size for male reproductive success, our results highlight how low-condition individuals may employ alternative life-history investment strategies to cope with resource limitation.

  15. European insurance scheme to cover geological risk related to geothermal operations

    Energy Technology Data Exchange (ETDEWEB)

    Tiberi, U [European Community, General Directorate XVII, ALTERNER Program, Bruxelles (Belgium); Demange, J [BRGM, Orleans (France)

    1997-12-01

    The development of geothermal energy can contribute significantly to the growth of NRE (new and renewable energies that are non-nuclear and non-combustible) within the European Community and within Europe as a whole. However, the `mining risk` related to this type of operation still constitutes a major obstacle to its development. Operators find it difficult to raise the necessary financing without a guarantee against the risk of failure during the drilling stage. Standard insurance companies will not cover this type of risk, due to its very nature. We must thus therefore find a specific solution. As a result of the oil crises during the 1970s, the French Government decided promote the use of renewable energies in France. The support provided to these energies, or at least to geothermal energy, was to set up a scheme whereby the resource is guaranteed. Thus the operator, by subscribing to the scheme, benefits from a guarantee of the resource. The insurance works at two level: - in the first place, it covers the mining risk during the drilling stage, i.e. should the resource prove to be insufficient, whether in discharge or temperature, for an economically viable operation, then the totality of the costs are reimbursed, apart form the premium and any government subsidy that might have been received. - A second level of guarantee covers the risk of change in the resource`s parameters over a period of 15 years (a study is in progress to consider the possibility of extending this period to 25 years). (orig.)

  16. The impact of the EU emissions trading scheme on the price of electricity in the Netherlands

    International Nuclear Information System (INIS)

    Sijm, J.P.M.

    2004-02-01

    In this paper a specific aspect of the proposed EU Emissions Trading System (EU ETS) is discussed, namely the potential impact of the EU ETS on the price of electricity in the Netherlands and, hence, the potential implications for Dutch power producers and consumers. It shows that the EU ETS may lead to a significant increase in the price of electricity in the Netherlands (and other EU Member States), depending on the marginal costs of emissions trading (i.e. the price of an emission allowance), the emission factor of the marginal production technology to generate electricity, and the extent to which the costs of emissions trading will be passed on to the end-users of electricity. If, for one reason or another, these costs will not be passed on to power consumers, it will have an adverse impact on overall efficiency from both an energy and economic point of view. On the other hand, if - as expected - these costs are indeed passed on to end-users of electricity, it will benefit power producers (mainly owing to the economic rent of allocating emission allowances for free), while it will harm those energy-intensive industries that, in turn, are not able to pass the higher electricity costs to their customers (resulting in a loss of economic production and income). To some degree, these effects can be best avoided by auctioning emission allowances mandatory throughout the EU ETS and using the auction revenues to reduce the overall level of taxation and social premiums in order to improve the overall competitiveness of domestic industries and to (partly) compensate power consumers for the ET-induced increase in the price of electricity

  17. Comparative Analysis of Minimum Income Guaranteed Schemes within the Member States of the European Union

    Directory of Open Access Journals (Sweden)

    Simona Maria Stănescu

    2015-09-01

    Full Text Available The commitment of the European Union (EU Member States towards accomplishing the commonly agreed goals (1997 European Employment Strategy, Lisbon 2000, and Europe 2020 is supported by a continuous assessment of domestic social policy tendencies. From this perspective, the main goal of the paper is to comparatively analyse the last safety net for the most vulnerable people. The screening of guaranteed minimum resources provides an overview of the applicable statutory basis, schemes in place, types of social benefits concerned, financing and organisation mechanisms, eligibility conditions, duration and time limits. As methodology, the article uses the MISSOC database, and due to the current lack of comparable information, recommendations for further harmonisation are included. 20 of the EU member states follow the minimum income guaranteed (MIG regulations adopted already during the pre-accession period and updated after the accession phase. Seven types of domestic regulations are in force, among which the most frequent ones are acts and laws (ten countries. Common concepts used are social, and assistance. Provided allowances are mainly focused on elderly people, unemployment benefits, pensions, allowances supporting various house related costs, and benefits for disabled people. In line with 2007, 2010, and 2014 data, the financing of guaranteed minimum resources continues to remain mainly central with a shift in 2014 towards mixed financing (both central and local. The management in 2014 continues to be mainly centrally organised but the local stakeholders are also empowered. The residency is the most frequent eligibility condition. No nationality is required in 24 EU member states, for all allowances (21 countries or for particular ones (three countries. 17 member states require no age conditions. Unlimited guaranteed minimum resources were provided in 2014 as long as the eligibility criteria were met in 23 EU member states.

  18. Statistical regularities of Carbon emission trading market: Evidence from European Union allowances

    Science.gov (United States)

    Zheng, Zeyu; Xiao, Rui; Shi, Haibo; Li, Guihong; Zhou, Xiaofeng

    2015-05-01

    As an emerging financial market, the trading value of carbon emission trading market has definitely increased. In recent years, the carbon emission allowances have already become a way of investment. They are bought and sold not only by carbon emitters but also by investors. In this paper, we analyzed the price fluctuations of the European Union allowances (EUA) futures in European Climate Exchange (ECX) market from 2007 to 2011. The symmetric and power-law probability density function of return time series was displayed. We found that there are only short-range correlations in price changes (return), while long-range correlations in the absolute of price changes (volatility). Further, detrended fluctuation analysis (DFA) approach was applied with focus on long-range autocorrelations and Hurst exponent. We observed long-range power-law autocorrelations in the volatility that quantify risk, and found that they decay much more slowly than the autocorrelation of return time series. Our analysis also showed that the significant cross correlations exist between return time series of EUA and many other returns. These cross correlations exist in a wide range of fields, including stock markets, energy concerned commodities futures, and financial futures. The significant cross-correlations between energy concerned futures and EUA indicate the physical relationship between carbon emission and energy production process. Additionally, the cross-correlations between financial futures and EUA indicate that the speculation behavior may become an important factor that can affect the price of EUA. Finally we modeled the long-range volatility time series of EUA with a particular version of the GARCH process, and the result also suggests long-range volatility autocorrelations.

  19. The impact of TTIP agreement on the European Union-United States coal trade potential

    Directory of Open Access Journals (Sweden)

    Olkuski Tadeusz

    2016-01-01

    Full Text Available The main aim of the paper is to assess the impact of currently negotiated TTIP agreement (Transatlantic Trade and Investment Partnership on the use of hard coal in the EU and the US. Hard coal is the most important fuel in global electricity generation. This also applies to the United States, a leading manufacturer and exporter of this energy source. The US coal is exported to the EU market. The article presents the estimated exports of hard coal from the US to the EU. Due to the fact that price has a major impact on the size of exports, the paper presents the estimated prices, including freight costs, of power coal for the analyzed scenarios. According to one scenario, the US and European prices will be equalized (including freight costs by 2020, while from 2025 on the comparative advantage and competitiveness of the US hard coal will decrease. Taking into account the fact that the export of coal from the United States is free from customs duties, the acceptance of TIPP should not affect the currently existing trade between the two continents and the amount of exported coal. Nevertheless, the question of hard coal economy cannot be separated from other sectors of the energy market, which can be significantly affected by the future agreement.

  20. Jack-of-all-trades effects drive biodiversity–ecosystem multifunctionality relationships in European forests

    Science.gov (United States)

    van der Plas, Fons; Manning, Peter; Allan, Eric; Scherer-Lorenzen, Michael; Verheyen, Kris; Wirth, Christian; Zavala, Miguel A.; Hector, Andy; Ampoorter, Evy; Baeten, Lander; Barbaro, Luc; Bauhus, Jürgen; Benavides, Raquel; Benneter, Adam; Berthold, Felix; Bonal, Damien; Bouriaud, Olivier; Bruelheide, Helge; Bussotti, Filippo; Carnol, Monique; Castagneyrol, Bastien; Charbonnier, Yohan; Coomes, David; Coppi, Andrea; Bastias, Cristina C.; Muhie Dawud, Seid; De Wandeler, Hans; Domisch, Timo; Finér, Leena; Gessler, Arthur; Granier, André; Grossiord, Charlotte; Guyot, Virginie; Hättenschwiler, Stephan; Jactel, Hervé; Jaroszewicz, Bogdan; Joly, François-Xavier; Jucker, Tommaso; Koricheva, Julia; Milligan, Harriet; Müller, Sandra; Muys, Bart; Nguyen, Diem; Pollastrini, Martina; Raulund-Rasmussen, Karsten; Selvi, Federico; Stenlid, Jan; Valladares, Fernando; Vesterdal, Lars; Zielínski, Dawid; Fischer, Markus

    2016-01-01

    There is considerable evidence that biodiversity promotes multiple ecosystem functions (multifunctionality), thus ensuring the delivery of ecosystem services important for human well-being. However, the mechanisms underlying this relationship are poorly understood, especially in natural ecosystems. We develop a novel approach to partition biodiversity effects on multifunctionality into three mechanisms and apply this to European forest data. We show that throughout Europe, tree diversity is positively related with multifunctionality when moderate levels of functioning are required, but negatively when very high function levels are desired. For two well-known mechanisms, ‘complementarity' and ‘selection', we detect only minor effects on multifunctionality. Instead a third, so far overlooked mechanism, the ‘jack-of-all-trades' effect, caused by the averaging of individual species effects on function, drives observed patterns. Simulations demonstrate that jack-of-all-trades effects occur whenever species effects on different functions are not perfectly correlated, meaning they may contribute to diversity–multifunctionality relationships in many of the world's ecosystems. PMID:27010076

  1. EU emission trading scheme and the effect on the price of electricity

    International Nuclear Information System (INIS)

    2004-01-01

    The Electricity Market Working Group and the Climate Change Policy Working Group of the Nordic Council of Ministers, has commissioned ECON Analysis to prepare this report. The report analyses the demand and supply of GHG emission allowances and the price of emission allowances for the period 2005-2007 and 2008-2012 and the effect on the electricity price in the Nordic electricity market. The demand for emissions allowances has then been estimated for different scenarios, with different assumption on burden sharing between sectors and international participation and the supply of emission allowances is determined by the marginal abatement costs. Based on available information on abatement costs the supply of allowances is then estimated. The market balance between the demand and supply for allowances then determines the price of emission allowances. The effect on the electricity price is simulated with ECON's model for the Nordic power market to quantitatively estimate the effect from emissions trading on the electricity price, production, consumption, trade, etc. (BA)

  2. User response and equity considerations regarding emission cap-and-trade schemes for travel

    International Nuclear Information System (INIS)

    Perrels, A.

    2010-01-01

    In most countries with greenhouse gas emission reduction commitments, transportation has been relatively spared, thus, far in the targeting of reduction obligations, owing to the supposedly high marginal cost. With the prospect of tightening reduction targets, pressure is, however, mounting to address transportation more seriously in the near term and not to rely solely on medium to long-term breakthroughs of alternative fuel technologies. This means stricter policies at the demand side of the mobility market. In addition to fiscal and spatial policies, cap-and-trade systems have been put forward as a new option that deserves serious consideration. This paper reviews the possibilities and pitfalls of such a system applied to passenger transport. Key concerns are the transaction costs of the system and trade-offs between transaction cost and equity effects. A simple system with low(er) transaction cost is more likely to invoke politically sensitive equity effects. On the basis of the recent upsurge in monitoring and feedback studies, one may also conclude that the organisation and tailoring of the information interfaces for the household/traveller requires still elaborate study and testing.

  3. The EU Seal Products Ban – Why Ineffective Animal Welfare Protection Cannot Justify Trade Restrictions under European and International Trade Law

    Directory of Open Access Journals (Sweden)

    Martin Hennig

    2015-03-01

    Full Text Available In this article, the author questions the legitimacy of the general ban on trade in seal products adopted by the European Union. It is submitted that the EU Seal Regime, which permits the marketing of Greenlandic seal products derived from Inuit hunts, but excludes Canadian and Norwegian seal products from the European market, does not ensure a satisfactory degree of animal welfare protection in order to justify the comprehensive trade restriction in place. It is argued that the current ineffective EU ban on seal products, which according to the WTO Appellate Body cannot be reconciled with the objective of protecting animal welfare, has no legal basis in EU Treaties and should be annulled.

  4. EUROPEAN UNION PARTICIPATION IN NEGOTIATIONS ON TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP

    Directory of Open Access Journals (Sweden)

    D. E. Rudenkova

    2016-01-01

    Full Text Available This article contributes to the discussion surrounding involvement of interest groups in the political process on the European and global level. My purpose here is to examine how groups of interest can affect EU’s role as a global actor and find out which mode of lobbying regulation could strengthen Europe’s position in global governance. In this article, I am trying to bind concepts which at first glance might seem quite remote: groups of interests and global governance. By analyzing Europe’s position on the Transatlantic Trade and Investment Partnership (TTIP and the Trans-Pacifi c Partnership (TPP, I argue that European ambitions on international arena are undermined by innertensions. These tensions are mainly caused by discrepancy in positions of different groups of interest who try to infl uence the outcome of the political process and, thus, make it less stable and predictable. At the same time, adequate lobbying regulation could increase accountability and transparency and, therefore, help to overcome inconsistencies in EU’s position in global governance system. The results suggest that without proper backing from inside actors like business groups and civil society associations the EU will constantly wobble and will not be able to fully achieve its global goals.

  5. Agricultural protectionism of the European union in the conditions of international trade liberalization

    Directory of Open Access Journals (Sweden)

    Marković Ivan

    2014-01-01

    Full Text Available The key objective of agricultural protectionism is reflected in the protection and developing of agriculture sector. Integrated parts of this policy in the European Union are the initial model of agricultural protectionism and a new strategy of agricultural policy, which emerged as a response to the shortcomings of previously existing model. The paper presents the key reforms of agricultural policy, conditioned to internal problems and pressures in the negotiations of trade liberalization of agricultural and food products. Reform solutions for the period of 2014 to the 2020 will have similar goals. The priority will be to develop sustainable food production and sustainable management of natural resources. There is a widespread awareness of sustainable development that includes not only the economic component (which is reflected in the increase in productivity and production efficiency, but also an environmental component (the need to preserve the environment, as well as the social component of sustainable development (integrated rural development. Conducting negotiations in the framework of liberalization of agricultural and food products, there was a gradual reduction of restrictive measures in the field of domestic agriculture protection. However, the European food market is still highly protected from foreign competition because of the many features of the agricultural production sector and the importance of agriculture for the entire society. It is certain that the CAP will lose its narrow agricultural character.

  6. Trading in the rain. Rainfall and European power sector emissions. Research note no. 9

    International Nuclear Information System (INIS)

    2006-01-01

    Analysts often say that temperature and rainfall have an impact on the price of CO 2 , as they influence the conditions of electric power supply and demand. Rainfall mainly affects the capacity of hydropower production, the third largest source of electricity in Europe and by far the leading source of renewable energy. The variability of hydroelectric volumes is indeed usually offset by other, higher-emitting sources of electricity, which has repercussions on the European allowances trading market. In 2005, rainfall was unusually low in several European countries: in the Iberian peninsula and in France, drought is believed to have brought about a rise of approximately 15 Mt CO 2 in power sector emissions. In contrast, hydrological conditions were particularly good in the Nordic countries, allowing them to reduce CO 2 emissions in the region as a whole through hydropower-based exports. The additional allowances demand would therefore have been 'only' about 9 Mt CO 2 . To make the interaction with the CO 2 market easier to understand, an indicator of rainfall in Europe must include this compensating phenomenon resulting from the heterogeneity of the climatic conditions and volumes produced in Europe

  7. Demand, supply, and trade analysis for the fifth ECE/FAO European timber trends study

    International Nuclear Information System (INIS)

    Baudin, A.

    1996-01-01

    For this study, supply is explained using prices and costs; separate supply models are estimated for export supply, and supply to domestic markets. Using this approach, elasticities can vary by market (for supply equations) and by source of supply (for demand equations). In addition, substitution behaviour in both consumption and production can be examined. For the 9 countries that are smaller markets for forest products in Europe, a model of total demand (apparent consumption) was estimated using gross domestic product and price as explanatory factors. For these countries, a time-series, cross-section approach was used to estimate elasticities; countries were grouped by per capita income. For all countries, estimated elasticities are generally consistent with those reported in previous TTS, and those reported in the scientific literature. Because trade is modeled, additional information is available regarding the outlook for European forest products consumption, and demand on European forests. Where complete data sets were available, results generally indicate that there is substitution in consumption between imports and domestic production, for most products, in most countries. In addition, import elasticities often are higher than elasticities estimated for consumption from domestic sources. Substitution between exports and domestic markets is also evident in export supply equations. 10 refs, 21 tabs

  8. Chinese companies’ awareness and perceptions of the Emissions Trading Scheme (ETS): Evidence from a national survey in China

    International Nuclear Information System (INIS)

    Yang, Lin; Li, Fengyu; Zhang, Xian

    2016-01-01

    China announced the launch of a national Emissions Trading Scheme (ETS) in 2017; however, companies appear show little enthusiasm for participation in the ETS in China. This paper identifies the factors affecting companies’ awareness and perceptions of ETS by conducting a national survey based on an online questionnaire from May to November 2015 in seven carbon trading pilots. The results indicate that companies’ attitudes towards the ETS are positively influenced by government regulations and policy, public relations management and estimated economic benefit. Of these, public relations management is the decisive factor and estimated economic benefit is confirmed to be a relatively weak predictor. A company's environmental and energy strategy exerts insignificant effects on its preference for the ETS, although the sampled companies are very willing to save energy and reduce emissions. There exists an inverted U-shape relationship between a company's level of mitigation technologies and its attitudes towards the ETS. The carbon price fails to stimulate companies to upgrade mitigation technologies. The majority of companies treat participation in the ETS only as a means of improving ties with governments, as well as of earning a good social reputation, rather than as a cost-effective mechanism to mitigate greenhouse gas emissions. - Highlights: • This paper provides a timely study of companies’ awareness of ETS in China. • ETS is not approved by companies as a cost-effective mitigation tool. • External pressure is the most important indicator. • Carbon price fails to promote companies to upgrade mitigation technologies.

  9. Carbon emissions trading scheme exploration in China: A multi-agent-based model

    International Nuclear Information System (INIS)

    Tang, Ling; Wu, Jiaqian; Yu, Lean; Bao, Qin

    2015-01-01

    To develop a low-carbon economy, China launched seven pilot programs for carbon emissions trading (CET) in 2011 and plans to establish a nationwide CET mechanism in 2015. This paper formulated a multi-agent-based model to investigate the impacts of different CET designs in order to find the most appropriate one for China. The proposed bottom-up model includes all main economic agents in a general equilibrium framework. The simulation results indicate that (1) CET would effectively reduce carbon emissions, with a certain negative impact on the economy, (2) as for allowance allocation, the grandfathering rule is relatively moderate, while the benchmarking rule is more aggressive, (3) as for the carbon price, when the price level in the secondary CET market is regulated to be around RMB 40 per metric ton, a satisfactory emission mitigation effect can be obtained, (4) the penalty rate is suggested to be carefully designed to balance the economy development and mitigation effect, and (5) subsidy policy for energy technology improvement can effectively reduce carbon emissions without an additional negative impact on the economy. The results also indicate that the proposed novel model is a promising tool for CET policy making and analyses. -- Highlights: •A multi-agent-based model is proposed for carbon emissions trading (CET) in China. •Three agents are included: government, firms in different sectors and households. •The impacts of CET on the economy and environment in China are analyzed. •Different CET designs are simulated to find an appropriate policy for China. •Results confirm the effectiveness of the model and give helpful insights into CET design

  10. Quantifying the trade in marine ornamental fishes into Switzerland and an estimation of imports from the European Union

    Directory of Open Access Journals (Sweden)

    Monica V. Biondo

    2017-07-01

    Full Text Available Millions of marine ornamental fishes are traded every year. Today, over half of the known nearly 4000 coral reef fish species are in trade with poor or no monitoring and demand is increasing. This study investigates their trade into and through Switzerland by analyzing import documents for live animals. In 2009, 151 import declarations with attached species lists for marine ornamental fishes from non-EU countries totaled 28 356 specimens. The 62% of the fishes remaining in Switzerland, comprised 440 marine species from 45 families, the rest transited to EU and non-EU countries. Despite the recognized large trade volume for the European region, due to bilateral agreements, no data is collected for imports from the EU. However, inferred data shows that more than 200 000 marine ornamental fishes could be imported into Switzerland every year and an unknown quantity re-exported. As biggest import region, it is therefore safe to assume, that the European region is importing at least as many marine ornamental fishes as the US. There is no adequate data-collecting system known to be in place in any country for monitoring this trade. The EU Trade Control and Expert System (TRACES to monitor animal diseases could be adjusted to gather compulsory information for the EU and Switzerland. More than half of the species imported into Switzerland are not assessed by the IUCN and therefore marked as ‘not evaluated’ on the Red List. Overall, 70% of all known coral reef fish species have not been evaluated. If coral reef fishes are threatened or endangered due to large, possibly unsustainable numbers traded, it may be rational to monitor the trade in these species through the Convention on International Trade of Endangered Species (CITES.

  11. Income, Economic Structure and Trade: Impacts on Recent Water Use Trends in the European Union

    Directory of Open Access Journals (Sweden)

    Rosa Duarte

    2018-01-01

    Full Text Available From the mid-1990s to the recent international economic crisis, the European Union (EU27 experienced a significant economic growth and a flat population increase. During these years, the water resources directly used by the EU countries displayed a growing but smooth trend. However, European activities intensively demanded water resources throughout the whole global supply chain. The growth rate of embodied water use was three times higher than the growth in water directly used by these economies. This was mainly due to the large upsurge of virtual water imports in the EU (e.g., about 25% of the change in water imports in the world was directly linked to the increasing imports in the EU27 countries. In this context, we analyze water use changes in the EU27 from 1995 to 2009, combining the production and consumption perspectives. To that aim, we use the environmentally extended input-output approach to obtain the volume of water embodied in domestic production and in trade flows at the sector and country levels. In the empirical analysis, we utilize multi-regional input-output data from the World Input Output Database. In addition, by means of a structural decomposition analysis we identify and quantify the factors explaining changes in these trends. We focus both on the role of domestic production and trade and estimate the associated intensity, technology and scale effects. This analysis is done for different clusters, identifying singular patterns depending on income criteria. Our results confirm the boost of demand growth in that period, the positive but negligible effect of structural change, and the decline in water intensity which, however, was not enough to compensate the effects on water associated to the economic expansion in the period. These findings also point at a gradual substitution of domestic water use for virtual water imports. More concretely, in most countries the food industry tended to reduce its backward linkages with the

  12. Cost distribution for the EU ETS. Who pays for the costs of the third phase of the European Emissions Trading System?

    International Nuclear Information System (INIS)

    De Bruyn, S.M; De Jong, F.L.; Korteland, M.H.; Nelissen, D.; Markowska, A.Z.

    2010-06-01

    After 2012, the third phase of the EU Emissions Trading Scheme (EU ETS) that lasts until 2020 will come into effect. New in this phase is the European harmonized rights issue in which for each sector the basic emission rights and the issue of those rights is fixed. Also, a significantly larger proportion of those rights will be auctioned. For the Netherlands the third phase of the EU ETS means that the emissions of companies in 2020 should be reduced by 21% compared to 2005. This involves costs for these companies, including the purchase of rights or taking technical and organizational measures to cut CO2 emissions. This study provides insight into the magnitude of these costs, who will bear the cost and the total direct income effects on businesses, consumers and government. [nl

  13. The Outlook of Carbon Prices. Price Range Forecast for European Union Allowances in European Union Emission Trading Scheme Phase III

    NARCIS (Netherlands)

    Yunyi Chen, Connie

    2012-01-01

    SUMMARY Climate change mitigation policy has evolved rapidly both internationally and domestically, especially since the introduction of Kyoto Protocol flexible mechanisms - Clean Development Mechanism (CDM), Joint Implementation (JI) and Emission Tradin

  14. GASTALE. An oligopolistic model of production and trade in the European gas market

    International Nuclear Information System (INIS)

    Boots, M.G.; Rijkers, F.A.M.; Hobbs, B.F.

    2003-08-01

    The empirical model GASTALE is described and used to analyse the European natural gas market. These analyses focus primarily on the role of the downstream trading companies and their interaction with gas producers. By default, producers of natural gas are assumed to form an oligopoly in the paper. Meanwhile, downstream within-country traders of gas are represented in different versions of the model as local oligopolists or perfect competitors. The model therefore has a two-level structure, in which producers engage in competition a la Cournot, and each producer is a Stackelberg leader with respect to traders, who may be Cournot oligopolists or perfect competitors. The case of Cournot traders results in a new form of energy model, that of successive oligopoly. The model is formulated as a complementarity problem, and is solved by nonlinear programming. Considering this oligopolistic market structure, several tentative conclusions emerge. First, our model results show that successive oligopoly (so-called 'double marginalisation') yields significantly higher prices and lower consumer welfare than if oligopoly exists only on one level. Second, oligopoly in the trading market (because of the high concentration of traders) results in more distortion than oligopoly in production. Third, the level of traders' profits depends on the possibilities of discrimination on the border prices. If price discrimination by producers is allowed, these producers collect a greater share of the margins on end-use prices. Fourth, when the number of traders increases and assuming an oligopolistic downstream structure, end-use prices converge to prices corresponding with perfect competition. Thus, it is important to prevent (or abolish) monopolistic structures in the downstream gas market. In the case where oligopolistic competition among downstream gas companies cannot be prevented, vertical integration should be supported (or at least not be discouraged), especially if it would result in a

  15. The European Emission Trading System and competition. Anticompetitive measures beyond reach? An assessment of the grandfathering allocation method and the Performance Standard Rate system

    International Nuclear Information System (INIS)

    Weishaar, S.

    2006-10-01

    The center piece of the European Climate Change Program is the ambitious Greenhouse Gas Emissions Trading Scheme (EU ETS, Directive 2003/87/EC) which helps Member States to fulfill their Kyoto commitments. It particularly facilitates the old EU 15 Member States to make progress towards meeting their particular greenhouse gas emissions reduction goals committed under the Burden Sharing Agreement. EU Member States have developed national greenhouse gas allowances allocation plans and distributed these allowances to around 5000 operators with approximately 12.000 installations. Differences between allocations can give rise to severe anticompetitive effects. Undue interventions by Member States are largely contained through the application of the four freedoms, while EC Competition law (Articles 81 and 82) is geared to the containment of competitive distortions arising in particular from undue behavior of firms. State involvement in infringements is addressed through Articles 87 (State aid) and 86 (public undertakings) and the 'joint application doctrine' (Articles 10(2), 3(g), 81 and 82) which was developed by the ECJ upon recognition that State measures can undermine the effectiveness of the EC Treaty. The paper examines how anticompetitive distortions originating from Member State action under National Allocation Plans in general and by application of (historical) grandfathering and the (hypothetical) Performance Standard Rate (PSR) allocation format in particular are dealt with under European competition law rules. The PSR System is a relative benchmark system with an intended cap for all participants but without a cap for individual operators. This alternative approach has been developed and is actually in use for the Dutch NOx Emission Trading System. An interdisciplinary industrial economic and competition law framework is chosen to formulate an economic critique. After the introductory part the anticompetitive effects originating in State measures are examined

  16. Free allocation in the European Emissions Trading System (EU ETS): identifying efficient mechanisms through to 2030

    International Nuclear Information System (INIS)

    Jalard, Matthieu; Alberola, Emilie

    2015-11-01

    . Besides, it enables to avoid over-allocations and perverse threshold effects observed in Phase III, but it further mutes the carbon price signal to consumers, and should be complemented by additional mechanisms to exploit demand -side abatement potentials. This mechanism would lead to a less impacting CSCF of 71% in 2030 with a 1.4% annual growth assumption that would however depend on the aggregate output level. Based on our estimates, this factor would be comprised between 62% and 82% in 2030, entailing an uncertainty about the net carbon cost borne by installations amounting to 10% of added value for the cement sector and 6% for the steel sector, with a 30 euro/tCO 2 price assumption. - In Scenario 3, a more targeted and focused allocation is presented, which better reflects the exposure to carbon leakage risks. It is proposed to use differentiated allocation rates either based on carbon cost and trade intensity thresholds like implemented in California for example, or based on targeted maximum carbon costs for each sectors depending on trade intensity. This would enable to reduce the allocation volume and overcome the ex post correction and the uncertainty coming with it, and to mitigate carbon costs more efficiently for exposed sectors. - The Scenario 4 assesses the European Commission's proposal, which could be leading to a 20% ex post reduction of allocation volume to all installations by 2030, on top of the 20% uniform reduction of benchmarks. Focusing allocation to exposed sectors, and enhancing flexibility in the supply of free allowances through a dynamic New Entrant Reserve could be levers to help combat carbon leakages more efficiently and maintain incentives to reduce emissions. In the end, it appears that a combination of instruments is needed to forge a credible road-map for decarbonization of industry sectors: a predictable carbon price signal, flexible and targeted free allocation, as well as additional instruments to steer demand for low

  17. Rapid turns in European renewable energy policy: advocacy and framing of the proposed trading of guarantees of origin

    Energy Technology Data Exchange (ETDEWEB)

    Nilsson, Maans; Nilsson, Lars J.; Ericsson, Karin

    2008-10-15

    The EU has assumed ambitious targets and strategies for the promotion of renewable sources of energy (RES) binding to all its member states. This report sets out to examine the proposed EU-wide policy instrument designed to help achieve the targets on renewable electricity and heat - the trading of Guarantees of Origin (GO). It analyses the fate of the GO trading proposal in the European policy-making machinery during 2007 and 2008. It first discusses its origins, key components and points of contention, and then examines key factors behind the policy development leading first to its development and subsequently to its abandonment in 2008. Addressing these factors, the report explores first the near-term policy-making process before and after the proposal on GO trading was tabled in January 2008, focusing on processes in the European bureaucracy and how they were influenced by different interest groups and member state governments. It then takes a step back and looks at how competing policy frames over time have shaped the GO instrument debate. Results show how a strong internal market frame acted as a primary driving force in the Commission throughout the 2000s to promote the GO trading instrument. The subsequent collapse of the GO trading proposal can be largely attributed to a) the lack of a strong lobby in favour of GO, b) the accumulated experience with and institutionalisation of national RES support policy, and c) growing general political concerns for supply security, innovation and competitiveness. In the end, the fall of the GO trading instrument is indicative of how the underlying political battle line between advocates of the European internal market and guardians of national interests has moved in favour of the latter in recent years. (author). refs

  18. 25 years of European Union (EU) quality schemes for agricultural products and foodstuffs across EU Member States.

    Science.gov (United States)

    Albuquerque, Tânia G; Oliveira, M Beatriz Pp; Costa, Helena S

    2018-05-01

    Consumers are increasingly turning their attention to the quality and origin of products that they consume. European Union (EU) quality schemes are associated with a label, which was introduced to allow consumers to perform an informed choice and to protect producers from unfair practices. This present study provides an overview of the last 25 years of EU quality schemes [Protected Designations of Origin (PDO), Protected Geographical Indications (PGI) and Traditional Specialities Guaranteed (TSG)] on agricultural products and foodstuffs across the 28 EU Member States. According to the results, it was possible to conclude that Southern European countries have the highest number of registered products. The most used EU quality scheme is PGI, followed by PDO. Concerning the analysis of the evolution in the last 25 years, the number of registered products among EU Member States has increased significantly. The fruit, vegetables and cereals (fresh or processed) category is the one that accounts for the highest percentage (26.8%) of registered products, followed by cheeses and meat products (cooked, salted, smoked) categories, with 17.2% and 13.5%, respectively. Further investigations should address consumer preferences, knowledge and attitudes, especially Northern European countries with a lower number of registered products. Moreover, the investigation and registration of products should be encouraged among all EU Member States to allow the maintenance of important elements of the history, culture and heritage of the local areas, regions and countries. © 2017 Society of Chemical Industry. © 2017 Society of Chemical Industry.

  19. Institutional analysis of incentive schemes for ecosystem service provision - a comparative study across four European countries

    DEFF Research Database (Denmark)

    Prokofieva, Irina; Górriz, Elena; Boon, Tove Enggrob

    2014-01-01

    Incentive schemes and payments for ecosystem services attract increasing attention as a means for aligning the interests of landowners and society by remunerating forest owners for the goods and services their forests produce. As incentive schemes expand around the world, questions related...... and Italy. The analysed schemes are predominantly aimed at enhancing biodiversity and improving recreation. One of the schemes is also related to preserving a variety of forest ecosystem services from forest fires. The incentive schemes are studied following a framework for the institutional analysis of PES...... developed by Prokofieva and Gorriz (Prokofieva, I. and Gorriz, E. 2013: Institutional analysis of incentives for the provision of forest goods and services: an assessment of incentive schemes in Catalonia (North-East Spain), Forest Policy and Economics, 37, 104-114.). We focus on actor and institutional...

  20. TradeWind Deliverable 5.1: Effects of increasing wind power penetration on the power flows in European grids

    DEFF Research Database (Denmark)

    Lemström, Bettina; Uski-Joutsenvuo, Sanna; Holttinen, Hannele

    2008-01-01

    This report presents the main activities and results of Work Package 5 – Effects of increasing wind power penetration on the power flows in European grids in the TradeWind project. VTT is the leader of Work Package 5 and carries the overall responsibility of this report. The work is based on power...... flow simulations with a grid and market model developed in TradeWind Work Package 3, led by Sintef Energy Research. VTT, Sintef Energy Research and Risø have carried out the simulations of the different scenarios, analysed the results and written Chapter 4 about the impact of wind power on cross...

  1. Establishment risk from pet-trade freshwater turtles in the European Union

    Directory of Open Access Journals (Sweden)

    Kopecký O.

    2013-08-01

    Full Text Available The pet-turtle market has grown in recent years and become an important pathway for the introduction of alien species in Europe. The import of Trachemys scripta elegans has been banned by European Commission Regulation due to its species’ expanding territory and negative impact on native species. Since the demand from hobby breeders persists, however, blocking imports of this popular subspecies opens up the possibility for the introduction of other potentially invasive turtles. We determined those turtle species most common in the pet trade within the Czech Republic, which is the most important producer, importer and exporter of ornamental aquatic animals in the EU. The determination of establishment risk for the EU as a whole was then individually evaluated for turtle species based on known establishment models. Chelydra serpentina, Apalone spinifera, Apalone mutica, and Sternotherus odoratus were considered most problematic, because these species have serious establishment risk and are imported to the EU in substantial numbers. Also localities in the EU were identified where probability is highest for establishment of non-native turtles.

  2. How to dismember a potent instrument - the intractability of the emission trade proposal of the European Commission

    Energy Technology Data Exchange (ETDEWEB)

    Honkatukia, Juha; Kemppi, Heikki; Perrels, Adriaan [Goverment Inst. of Economic Research, VATT, Helsinki (Finland)

    2003-07-01

    The initiative of the European Commission to start up an emission trade system is fraught with difficulties. In order to be viable it should provide value added to justify the extra efforts it requires. A review of the draft-directive unveils many critical issues, that undermine the value added. Many proposed measures and conditions increase the cost of participation, and reduce the emission trade market volume, thereby affecting both level and volatility of the permit price. Furthermore, the proposed organisation of the system is unbalanced as it simultaneously leans on a devolution of policy planning tasks, a centralisation of decision rights and, an asymmetry in information levels and deployable specialist knowledge. As a consequence the directive proposals would complicate but not prevent gaming during the establishment and approval phase of the trade system. The paper discusses the burden sharing between trading and non-trading segments in the member countries, with special reference to Finland the possible responses of companies to increased transaction cost and uncertainty, and the consequences of the permit trade requirements for the earlier devised domestic climate policy and as a consequence for energy efficiency policies. The paper is based on a study conducted for the Ministry for the Environment, involving both an in-depth review of the directive and AGE-E3 model based calculations. The paper focuses on the analytical-qualitative clarification of effects. Some model results are added to underline the practical relevance of the identified risks and obstacles.

  3. How to dismember a potent instrument - the intractability of the emission trade proposal of the European Commission

    International Nuclear Information System (INIS)

    Honkatukia, Juha; Kemppi, Heikki; Perrels, Adriaan

    2003-01-01

    The initiative of the European Commission to start up an emission trade system is fraught with difficulties. In order to be viable it should provide value added to justify the extra efforts it requires. A review of the draft-directive unveils many critical issues, that undermine the value added. Many proposed measures and conditions increase the cost of participation, and reduce the emission trade market volume, thereby affecting both level and volatility of the permit price. Furthermore, the proposed organisation of the system is unbalanced as it simultaneously leans on a devolution of policy planning tasks, a centralisation of decision rights and, an asymmetry in information levels and deployable specialist knowledge. As a consequence the directive proposals would complicate but not prevent gaming during the establishment and approval phase of the trade system. The paper discusses the burden sharing between trading and non-trading segments in the member countries, with special reference to Finland the possible responses of companies to increased transaction cost and uncertainty, and the consequences of the permit trade requirements for the earlier devised domestic climate policy and as a consequence for energy efficiency policies. The paper is based on a study conducted for the Ministry for the Environment, involving both an in-depth review of the directive and AGE-E3 model based calculations. The paper focuses on the analytical-qualitative clarification of effects. Some model results are added to underline the practical relevance of the identified risks and obstacles

  4. An efficient algorithm for bi-objective combined heat and power production planning under the emission trading scheme

    International Nuclear Information System (INIS)

    Rong, Aiying; Figueira, José Rui; Lahdelma, Risto

    2014-01-01

    Highlights: • Define fuel mix setting for the bi-objective CHP environmental/economic dispatch. • Develop an efficient algorithm for constructing the Pareto frontier for the problem. • Time complexity analysis is conducted for the proposed algorithm. • The algorithm is theoretically compared against a traditional algorithm. • The efficiency of the algorithm is justified by numerical results. - Abstract: The growing environmental awareness and the apparent conflicts between economic and environmental objectives turn energy planning problems naturally into multi-objective optimization problems. In the current study, mixed fuel combustion is considered as an option to achieve tradeoff between economic objective (associated with fuel cost) and emission objective (measured in CO 2 emission cost according to fuels and emission allowance price) because a fuel with higher emissions is usually cheaper than one with lower emissions. Combined heat and power (CHP) production is an important high-efficiency technology to promote under the emission trading scheme. In CHP production, the production planning of both commodities must be done in coordination. A long-term planning problem decomposes into thousands of hourly subproblems. In this paper, a bi-objective multi-period linear programming CHP planning model is presented first. Then, an efficient specialized merging algorithm for constructing the exact Pareto frontier (PF) of the problem is presented. The algorithm is theoretically and empirically compared against a modified dichotomic search algorithm. The efficiency and effectiveness of the algorithm is justified

  5. Implications of the Transatlantic Trade and Investment Partnership (TTIP for Investment Flows Between the European Union and the USA

    Directory of Open Access Journals (Sweden)

    Witkowska Janina

    2017-09-01

    Full Text Available The Transatlantic Trade and Investment Partnership (TTIP is a controversial subject, but at the same time it is perceived to be the most comprehensive international agreement on free trade and investment protection. Among the topics that evoke criticism on the part of different social groups is the investor‑state dispute‑settlement (ISDS, as well as its legal consequences for the EU Member states. A less discussed issue is the potential implications of the agreement on the state of economic co‑operation between the European Union and the USA in the field of investment flows, with special reference to foreign direct investment (FDI. The aim of this paper is to present the discussion related to the ISDS and examine some of the economic, political and legal implications of TTIP provisions for FDI flows between the EU and the USA. The proposals of the European Commission to change the investment protection system might be treated as an attempt to make the system of arbitrage more transparent and convincing to societies, and safer for states. The effects of the TTIP agreement for FDI between both partners might be dependent on the scale of trade creation and diversion effects, and the mirror effects of investment creation and diversion under a free trade area.

  6. Trade and foreign direct investment: Evidence from South East European countries and new European Union member states

    Directory of Open Access Journals (Sweden)

    Bardhyl Dauti

    2016-06-01

    Full Text Available The goal of this research is to provide an empirical assessment of the complementarity or substituting relationship between Trade and FDI in a link to country characteristics, using bilateral level data between FDI and trade for the period 1994 – 2010. In the research, an augmented gravity model has been used to test the relationship between Trade (both export and import, FDI stock and country characteristics between OECD-20 countries and SEE-5 and EU-NMS-10 countries. The empirical model considers how the relationship between FDI and Trade determine whether type of FDI into SEE-5 and EU-NMS-10 from core OECD-20 countries, is vertical or horizontal. With regard to the relationship between exports and FDI, the findings of the research showed mixed evidence, thus supporting vertical FDI for EU-NMS-10 countries, and horizontal FDI for SEE-5 countries. On the other hand, based on the relationship between imports and FDI, the results of the research supported vertical FDI for both EU-NMS-10 and SEE-5 group of countries. The basic conclusion is that the research provides an empirical evidence on the mixed nature of FDI into the host SEE-5 and EU-NMS-10 countries, supporting both complementary and substituting relationship between trade and FDI in the host countries.

  7. Voluntary agreements, implementation and efficiency. European relevance of case study results. Reflections on transferability to voluntary agreement schemes at the European level

    Energy Technology Data Exchange (ETDEWEB)

    Helby, Peter

    2000-04-01

    As a policy instrument, voluntary agreements often fascinate policy-makers.This is fuelled by a number of assumed advantages, such as the opportunity for co-operation rather than confrontation, speed and flexibility and the cost-effectiveness. Some advantages might even be accentuated at the European level: Co-operation has added advantage at the European level where the culture of consensus decision is strong. Flexibility is extra attractive for policy makers dealing with an economy less homogeneous than the average national economy. Speed is certainly welcomed by policy-makers otherwise faced with the slow-winding European legislative process. Cost-effectiveness is eagerly sought by European policy makers facing tight administrative budgets and staff limits. This report examines lessons from the VAIE case studies that may be useful to policy makers engaged in the development of voluntary approaches at the European level. These case studies are about voluntary agreement schemes for industrial energy efficiency deployed in Denmark, France, Germany, Netherlands, and Sweden. For a summary of these case studies, please refer to the the VAIE final report. More detailed information is available in the VAIE national reports. It needs to be emphasised that the empirical base is very narrow. The 'lessons' presented can only be hypotheses, based on an inductive leap from a very narrow experience. The reader will need to check these hypotheses against her own broader experience and personal judgement. According to the principle of subsidiarity, voluntary agreements should be implemented at the European level only if that would have significant advantage over national action. Action at the European level, rather than the national level, would have these potential advantages: Being more consistent with the development of the single market; Allowing higher demands on energy efficiency without negative effect on competitiveness and employment; Stimulating company

  8. The IFIEC method for the allocation of CO2 allowances in the EU Emissions Trading Scheme. A review applied to the electricity sector

    International Nuclear Information System (INIS)

    Bart Wesselink; Sebastian Klaus Alyssa; Gilbert Kornelis Blok

    2008-03-01

    Recently the European Commission has published a proposal to improve the function of the EU-ETS by amending the Directive which establishes the EU-ETS. The main changes proposed are the establishment of one EU-wide cap and the use of auctioning for a much greater share of allowances than is currently the case, replacing most of the allocation free of charge. Auctioning of allowances will eliminate the so-called windfall profits that occur under the current allocation free of charge that is based on historic production and emission levels; a grandfathering approach. IFIEC EUROPE, the international federation of industrial energy consumers, asked Ecofys to review the method that IFIEC has developed in recent years to allocate CO2 allowances in the EU emissions trading scheme (EU-ETS). According to IFIEC, their allocation method guarantees the same environmental outcome as other methods, without causing windfall profits and with lower risks of competitiveness loss for so-called exposed industrial users of electricity. It was decided to focus this study on the European electricity sector. This was done for several reasons: CO2 emissions from electricity generation cover a large part of the overall emission under EU-ETS, the electricity sector has a single well defined output (electricity) that can be used to illustrate the potential impact of the IFIEC benchmark based allocation approach, and electricity is a substantial cost factor for IFIEC members. This evaluation covers many aspects of IFIEC's method and compares these with two other allocation methods: auctioning and historic grandfathering. Within the IFIEC method two example approaches are evaluated: a single benchmark for electricity production and fuel-specific benchmarks for coal and gas fired electricity production. In the evaluation, we cover the following aspects: What is the IFIEC method; how does it differ from other allocation methods in character (chapter 2); What is the impact of different allocation

  9. The central importance of the EU emission trading scheme for achievement of the German climate protection target of 40% until 2020

    International Nuclear Information System (INIS)

    Hermann, Hauke; Cludius, Johanna

    2014-02-01

    Both Germany and the European Union have set themselves targets for the reduction of greenhouse gas (GHG) emissions. The EU was the forerunner in 2008 when it adopted the Climate and Energy package and set a target of reducing GHG emissions by 20 % by 2020 compared to 1990. Two years later, Germany adopted a range of national GHG targets in the context of the German government's Energy Concept. This includes a 40% emissions reduction target to be met by 2020. One of the main instruments for achieving GHG emissions reduction targets is the EU Emissions Trading Scheme (EU ETS), which covers all large industrial and combustion installations in Europe. According to the agreement made in 2008 (Climate and Energy Package), the effort to achieve the EU's 20 % reduction target by 2020 was split between the ETS sector (2/3 of the reduction effort, representing a 21 % reduction in GHG emissions for installations covered under the ETS compared to 2005) and the non-ETS sector (1/3 of the reduction effort, representing a 10 % reduction compared to 2005). Logically, GHG emissions reductions occurring in German ETS installations count both towards the EU and the national target. This research project has been commissioned to analyse whether the ETS in its cur-rent design can contribute its fair share in efforts to meet the national emissions reduc-tion target. This question is particularly relevant in light of the following considerations: - The new German Coalition Agreement, signed in December 2013, reiterated the national target of a 40 % reduction of GHG emissions by 2020 compared to 1990 levels. - At the same time, the new Coalition Agreement stated that changes to the ETS are only to be considered if the EU GHG emissions reduction target will not be met. - There is a surplus of CO2 allowances on the ETS market, which undermines the credibility of the instrument as well as the integrity of the emissions reduction tar-gets (both European and national). At the same time, the

  10. Permit trading and credit trading

    DEFF Research Database (Denmark)

    Boom, Jan-Tjeerd; R. Dijstra, Bouwe

    This paper compares emissions trading based on a cap on total emissions (permit trading) and on relative standards per unit of output (credit trading). Two types of market structure are considered: perfect competition and Cournot oligopoly. We find that output, abatement costs and the number...... of firms are higher under credit trading. Allowing trade between permit-trading and credit-trading sectors may increase in welfare. With perfect competition, permit trading always leads to higher welfare than credit trading. With imperfect competition, credit trading may outperform permit trading....... Environmental policy can lead to exit, but also to entry of firms. Entry and exit have a profound impact on the performance of the schemes, especially under imperfect competition. We find that it may be impossible to implement certain levels of total industry emissions. Under credit trading several levels...

  11. A European-wide harmonised tradable green certificate scheme for renewable electricity: is it really so beneficial?

    International Nuclear Information System (INIS)

    Rio, Pablo del

    2005-01-01

    Winds of change are blowing in the public promotion of renewable electricity (RES-E) in Europe. On the one hand, a move to allegedly more market-conform instruments for the promotion of RES-E has already taken place in some Member States. On the other hand, a Directive on the promotion of RES-E has recently been approved setting indicative targets for RES-E consumption and opening the possibility that a harmonised framework for support schemes will be implemented in Europe. This harmonised framework (in combination with trade in RES-E between Member States) can be compared to a situation in which Member States continue to apply their current support schemes. This paper analyses the pros and cons of harmonisation. The main conclusion is that if priority is given to the local/regional/national benefits of RES-E, then harmonisation in combination with a tradable green certificate scheme is not so advantageous for countries. Only if the policy priority is the achievement of the RES-E Directive targets at the minimum costs should harmonisation be favoured by national energy authorities

  12. THE EUROPEAN UNION’S TRADE NEGOTIATIONS WITH THE ACP:ENTRAPPED BY ITS OWN RHETORICAL STRATEGY?

    Directory of Open Access Journals (Sweden)

    Lotte Drieghe

    2008-12-01

    Full Text Available This paper deals with the Economic Partnership Agreements (EPAs between the European Union (EU and the group of African, Caribbean and Pacific (ACP countries. It addresses the question why the EU firmly insisted on upholding the negotiating deadline for these new trade agreements, despite the very damaging consequences; these hastily initialed trade deals entailed. Regional integration in the South was hampered; the development of the friendly image of the EU got a serious blow; the EU did not manage to include the WTO plus issues, and the prospect of full EPAs at later stage is not guaranteed. We first qualify the Union’s argument to the expiry of a waiver by the World Trade Organization (WTO, which legitimized the former trade regime, and placed an external and insurmountable pressure on the negotiations. There is no rational explanation for Europe’s harsh attitude on the EPA deadline, since neither legal, nor economic interests would have been harmed, if the deadline had been postponed. The main argument advanced in this article addresses whether the EU had to push through these trade deals, because it had entrapped itself through its own ‘rhetorical action’. In its negotiation discourse, the European Commission (EC had so often emphasized the deadline together with the fact that there were no alternatives to EPAs, that it could not change its mind overnight, when at the end of the 2007 negotiations they were still going nowhere. The Union was forced to keep up with the deadline it had imposed upon itself with the risk of losing all its credibility.

  13. Regulating different trading venues: The European experience based on MiFID

    DEFF Research Database (Denmark)

    Clausen, Nis Jul; Sørensen, Karsten Engsig

    2012-01-01

    a legal analysis of the changes in trading pattern for securities that had accured sind the implementation of MiFID in 2007......a legal analysis of the changes in trading pattern for securities that had accured sind the implementation of MiFID in 2007...

  14. Privacy and security perceptions of european citizens: A test of the trade-off model

    NARCIS (Netherlands)

    Friedewald, M.; Lieshout, M. van; Rung, S.; Ooms, M.; Ypma, J.

    2015-01-01

    This paper considers the relationship between privacy and security and, in particular, the traditional “trade-off” paradigm that argues that citizens might be willing to sacrifice some privacy for more security. Academics have long argued against the trade-off paradigm, but these arguments have

  15. European Accounting Harmonisation: Consequences of IFRS Adoption on Trade in Goods and Foreign Direct Investments

    OpenAIRE

    Laura Márquez-Ramos

    2011-01-01

    This paper focuses on the importance of accounting harmonisation in foreign activities at country level. The adoption of International Financial Reporting Standards (IFRS) is considered to reduce information costs among countries and, therefore, encourage international trade in goods and investment. The results provide evidence that benefits exist in terms of trade in goods and foreign direct investments (FDI) when IFRS are adopted.

  16. Functional description of the monitoring and observability detailed concepts for the Pan-European Control Schemes

    DEFF Research Database (Denmark)

    Marinelli, Mattia; Pertl, Michael; Rezkalla, Michel M.N.

    2017-01-01

    Deliverable D5.4 outlines the methodology and the topics analysed in T5.4 for deriving PanEuropean observables within the Web-of-Cells (WoC) concept. Observables are derived by analysing traditional instability events typical of large power systems.......Deliverable D5.4 outlines the methodology and the topics analysed in T5.4 for deriving PanEuropean observables within the Web-of-Cells (WoC) concept. Observables are derived by analysing traditional instability events typical of large power systems....

  17. The rise and fall of GO trading in European renewable energy policy. The role of advocacy and policy framing

    Energy Technology Data Exchange (ETDEWEB)

    Nilsson, Maans [Stockholm Environment Institute (SEI), Kraeftriket 2B, SE 10691 Stockholm (Sweden); Nilsson, Lars J.; Ericsson, Karin [Environmental and Energy Systems Studies, Lund University, Box 118, SE 22100 Lund (Sweden)

    2009-11-15

    This paper examines policy processes surrounding the rise and fall of the proposed EU-wide policy instrument designed to help achieve the EU's renewable energy targets - the trading of Guarantees of Origin (GO). It discusses its origins and examines factors in the policy processes over time leading first to its development and then to its abandonment. A first analysis looks at the near-term policy-making process before and after the proposal on GO trading in January 2008, focusing on the European policy-making institutions and influences of interest groups and member state governments. It then takes a step back and looks over a longer time period at how competing policy frames have shaped the agendas underlying the debate. Results show how a strong internal market frame acted as a primary driving force in the Commission to promote the GO trading instrument. The rejection of the GO trading proposal in the Council and Parliament can be largely attributed to the lack of a strong lobby in favour of GO, the accumulated experience with and institutionalisation of national RES support policies such as feed-in tariffs, and growing general political concerns for supply security, innovation and competitiveness. (author)

  18. The rise and fall of GO trading in European renewable energy policy: The role of advocacy and policy framing

    Energy Technology Data Exchange (ETDEWEB)

    Nilsson, Mans, E-mail: mans.nilsson@sei.s [Stockholm Environment Institute (SEI), Kraeftriket 2B, SE 10691 Stockholm (Sweden); Nilsson, Lars J.; Ericsson, Karin [Environmental and Energy Systems Studies, Lund University, Box 118, SE 22100 Lund (Sweden)

    2009-11-15

    This paper examines policy processes surrounding the rise and fall of the proposed EU-wide policy instrument designed to help achieve the EU's renewable energy targets-the trading of Guarantees of Origin (GO). It discusses its origins and examines factors in the policy processes over time leading first to its development and then to its abandonment. A first analysis looks at the near-term policy-making process before and after the proposal on GO trading in January 2008, focusing on the European policy-making institutions and influences of interest groups and member state governments. It then takes a step back and looks over a longer time period at how competing policy frames have shaped the agendas underlying the debate. Results show how a strong internal market frame acted as a primary driving force in the Commission to promote the GO trading instrument. The rejection of the GO trading proposal in the Council and Parliament can be largely attributed to the lack of a strong lobby in favour of GO, the accumulated experience with and institutionalisation of national RES support policies such as feed-in tariffs, and growing general political concerns for supply security, innovation and competitiveness.

  19. ROMANIAN FOREIGN TRADE WITH THE EUROPEAN UNION-DINAMICS AND TRENDS

    Directory of Open Access Journals (Sweden)

    Mihaela-Nona CHILIAN

    2012-12-01

    Full Text Available The paper presents briefly the evolutions in world trade and Romanian foreign trade, especially with the EU. A significant increase in exports, but also in imports was recorded over the interval 2000-2011, accompanied by major structural changes: decline in the shares of low value added and labor intensive products and advance of the more technologically advanced products. However, Romania's trade balance with the EU and most countries in this region remained negative, similar to other new Member States, which generally import more from than export to the EU. Years 2009-2011 marked a sharp drop and a relative stabilization of the trade deficit with the EU, due to significant reduction in exports, but especially in imports, and to the adjustments induced by the crisis after 2008.

  20. Cross-Country Electricity Trade, Renewable Energy and European Transmission Infrastructure Policy

    OpenAIRE

    Abrell, Jan; Rausch, Sebastian

    2016-01-01

    This paper develops a multi-country multi-sector general equilibrium model, integrating high-frequency electricity dispatch and trade decisions, to study the e ects of electricity transmission infrastructure (TI) expansion and re- newable energy (RE) penetration in Europe for gains from trade and carbon dioxide emissions in the power sector. TI can bene t or degrade environ- mental outcomes, depending on RE penetration: it complements emissions abatement by mitigating dispatch problems associ...

  1. Validation of the Martilli's Urban Boundary Layer Scheme with measurements from two mid-latitude European cities

    Science.gov (United States)

    Hamdi, R.; Schayes, G.

    2005-07-01

    The Martilli's urban parameterization scheme is improved and implemented in a mesoscale model in order to take into account the typical effects of a real city on the air temperature near the ground and on the surface exchange fluxes. The mesoscale model is run on a single column using atmospheric data and radiation recorded above roof level as forcing. Here, the authors validate the Martilli's urban boundary layer scheme using measurements from two mid-latitude European cities: Basel, Switzerland and Marseilles, France. For Basel, the model performance is evaluated with observations of canyon temperature, surface radiation, and energy balance fluxes obtained during the Basel urban boundary layer experiment (BUBBLE). The results show that the urban parameterization scheme is able to reproduce the generation of the Urban Heat Island (UHI) effect over urban area and represents correctly most of the behavior of the fluxes typical of the city center of Basel, including the large heat uptake by the urban fabric and the positive sensible heat flux at night. For Marseilles, the model performance is evaluated with observations of surface temperature, canyon temperature, surface radiation, and energy balance fluxes collected during the field experiments to constrain models of atmospheric pollution and transport of emissions (ESCOMPTE) and its urban boundary layer (UBL) campaign. At both urban sites, vegetation cover is less than 20%, therefore, particular attention was directed to the ability of the Martilli's urban boundary layer scheme to reproduce the observations for the Marseilles city center, where the urban parameters and the synoptic forcing are totally different from Basel. Evaluation of the model with wall, road, and roof surface temperatures gave good results. The model correctly simulates the net radiation, canyon temperature, and the partitioning between the turbulent and storage heat fluxes.

  2. Validation of Martilli's urban boundary layer scheme with measurements from two mid-latitude European cities

    Directory of Open Access Journals (Sweden)

    R. Hamdi

    2007-08-01

    Full Text Available Martilli's urban parameterization scheme is improved and implemented in a mesoscale model in order to take into account the typical effects of a real city on the air temperature near the ground and on the surface exchange fluxes. The mesoscale model is run on a single column using atmospheric data and radiation recorded above roof level as forcing. Here, the authors validate Martilli's urban boundary layer scheme using measurements from two mid-latitude European cities: Basel, Switzerland and Marseilles, France. For Basel, the model performance is evaluated with observations of canyon temperature, surface radiation, and energy balance fluxes obtained during the Basel urban boundary layer experiment (BUBBLE. The results show that the urban parameterization scheme represents correctly most of the behavior of the fluxes typical of the city center of Basel, including the large heat uptake by the urban fabric and the positive sensible heat flux at night. For Marseilles, the model performance is evaluated with observations of surface temperature, canyon temperature, surface radiation, and energy balance fluxes collected during the field experiments to constrain models of atmospheric pollution and transport of emissions (ESCOMPTE and its urban boundary layer (UBL campaign. At both urban sites, vegetation cover is less than 20%, therefore, particular attention was directed to the ability of Martilli's urban boundary layer scheme to reproduce the observations for the Marseilles city center, where the urban parameters and the synoptic forcing are totally different from Basel. Evaluation of the model with wall, road, and roof surface temperatures gave good results. The model correctly simulates the net radiation, canyon temperature, and the partitioning between the turbulent and storage heat fluxes.

  3. The European Union’s external trade policy after the Treaty of Lisbon: a neo-gramscian perspective

    Directory of Open Access Journals (Sweden)

    Ilko Ihor

    2015-07-01

    Full Text Available This paper applies neo-Gramscian theory to analyze the European Union’s external trade policy after the ratification of the Treaty of Lisbon in 2009. It argues that despite the claim that procedural and institutional changes which took place as a result of the ratification of the Treaty serve the general interest of the EU citizens, they were in fact orchestrated by the European transnational capitalist class and serve primarily interests of this group. Paper starts by outlining key institutional and procedural changes introduced by the Treaty of Lisbon, briefly outlining their implications for the EU. Further on, rationale for these changes is explained by focusing on socio-economic developments that took place in the EU during the past couple of decades. After outlining how the current hegemonic bloc was established, paper proceeds with explaining why the implemented changes were so important for the dominant in the EU social forces.

  4. IMPACT OF ROMANIA’S ACCESSION TO THE EUROPEAN UNION ON THE AUSTRIAN TRADE, FDI AND LABOUR MARKET

    Directory of Open Access Journals (Sweden)

    Gábor Hunya

    2006-05-01

    Full Text Available This paper explores the potential impact of Romania’s accession to the European Union on Austria in three major fields: foreign trade, FDI and labour market. While conditions of doing business in Romania have improved in recent years, they are still more complicated than in old and new EU member states. Romania remains a rapidly growing market for investment goods, consumer goods and services alike providing good opportunities for Austrian companies. While the effect of Eastern European labour immigration to Austria can be expected to be marginal on total employment and wages, it may affect specific segments of the labour market. Overall, labour immigration from Romania will remain relatively unproblematic.

  5. Energy trading

    International Nuclear Information System (INIS)

    Beckmann, K.; Schroeter, S.

    2009-01-01

    Two brief articles and two interviews deal with the subject of energy trading. Power and gas exchanges in Europe multiply, but, experts say, we are nowhere near a mature, integrated European energy market as yet. Trading regulations need to be improved and harmonised and interconnections expanded. European Energy Review assesses the state of energy trading in Europe and interviews the ceo's of NordPool (the Nordic power exchange) and APX (Amsterdam Power Exchange)

  6. SOME REFLECTIONS ON EUROPEAN VALENCES OF ROMANIA'S TRADE IN GOODS WITH U.S.

    Directory of Open Access Journals (Sweden)

    PAUL BOGDAN ZAMFIR

    2016-12-01

    Full Text Available In this paper we proposed to emphasize the evolution of bilateral trade between Romania and United States in the post-accession period. Thus, on this background it is important to point out US is the largest and most diversified market of goods and services in the world, the place where numerous trade offers and business projects from all countries face daily. Therefore, in order to be successed on this market - to achieve and maintain stable and long-term commercial relations partners and / or to avoid anti-dumping measures, romanian exporters should pay very attention strict implementation of contractual terms, equality rules, conditions and delivery terms and possibly to inform previously on local prices of competing firms. The US market is important for Romania both in terms of trade aspects for example first class and traditional market for Romanian exports - imports of high technology and through financial aspects - the headquarters of major banks and investment funds and major source of capital and Romanian financing various projects. The perspective of bilateral trade liberalization between EU and US can offer new possibilities for Romanian exporters and importers to integrate effectively in the chain of global production, given the relatively peripheral position of Romania in this phenomenon. Another important effect coming from trade liberalization is a more efficient allocation of resources in the Romanian economy and an intensification of economic activity in sectors that would allow more efficient use of production capacities in Romania.

  7. Greenhouse gas emissions trading: Cogen case studies in the early trading market

    International Nuclear Information System (INIS)

    Buerer, Mary Jean

    2001-01-01

    An increasing number of companies are interested in opportunities to trade their reduction in greenhouse gas emissions from cogeneration on the emerging greenhouse gas emissions market. Only the UK and Denmark currently have emissions trading schemes, but they are under development in other European countries. Two frameworks currently exist for trading. Baseline-and-credit trading is used in Canada where companies can take part in two voluntary schemes (Greenhouse Gas Emission Reduction Trading Pilot or Clean Air Canada Inc). An example project from the CHP unit at DuPont's Maitland chemical production facility is given, with details of the baselines and calculations used. The other option is company-wide emissions trading. The example given here features the CHP units at BP's refinery and chemicals operations in Texas. The potential revenue from emission reduction projects could help to boost the economics of cogeneration projects

  8. Development and trade competitiveness of the European wine sector: A gravity analysis of intra-EU flows

    Directory of Open Access Journals (Sweden)

    Pasquale Lombardi

    2016-06-01

    Full Text Available This study analyses the intra-EU trade of the world׳s chief wine exporters, namely Italy, France and Spain. Using an augmented version of the gravity model we empirically assess which of the three countries have experienced growth in intra-EU market trade. Effects of transportation costs, as well as demand and supply gaps between origin and destination countries, on the size of bilateral trade flows were specifically taken into account. Estimation results highlight the differences between bulk and bottled wine, providing useful information for European producers and policy-makers involved on regulation of wine sector. As concern bulk wine, Italy and Spain show no element of growth in competitiveness, while France shows a statistically significant annual decrease. In contrast, estimates for bottled wine all show a growth tendency, albeit with a different magnitude of coefficients. Italy is the country with the highest trend, followed by Spain and France which instead has a decidedly modest growth in export values. However, analysis of pricing policies shows that France does not appear to target an increase in export volumes so much as an increase in average unit price, while Italy, and especially Spain, have a tendency to increase export volumes, also to the detriment of prices.

  9. The Creation of an Energy Security Society as a Way to Decrease Securitization Levels between the European Union and Russia in Energy Trade

    Directory of Open Access Journals (Sweden)

    Olga Khrushcheva

    2011-05-01

    Full Text Available The energy trade between the European Union and Russia is securitized due to a combination of factors. First, there are securitizing agents within the European Union. Second, the domestic consolidation of the energy sector under governmental control, the Gazprom monopoly on transportation networks linking Central Asian gas with European markets and the state imposed-limits on foreign direct investment may also raise concerns in the European Union. Finally, Russia is also securitizing the energy sphere by claiming that the EU is trying to impose its values on Russia (for example through the Energy Charter Treaty, which contradicts Russian interests. This article combines securitization theory and the English School of thought and argues that the creation of an Energy Security Society could help de-securitize energy trade between the European Union and Russia.

  10. Energy trading

    International Nuclear Information System (INIS)

    Glachant, J.M.; Kimman, R.; Schweickardt, H.E.

    2001-05-01

    This document brings together 18 testimonies of experts about energy trading: 1 - the energy trading experience on European deregulated markets: structure of deregulated energy markets in Europe, case study: a two years experience of a power exchange in western Europe, case study: European energy exchanges (experience of spot and future trading), case study: risk management on energy deregulated markets; 2 - the trading activity environment and realities in France: the French electrical law and the purchase for resale, experience feedback: status after 3 months of trading in France (the first experience of a French producer), the access to the power transportation network, which legal constraints for trading in France, the access of eligible clients to the French power market, conditions of implementation of a power exchange market in France, which real trading possibilities in France for producers and self-producers in the legal frame, case study: the role of trading in the company (main part or link to process), convergence of gas and electricity markets, gas-electricity trading: which pricing models; 3 - risk management and use of new technologies potentiality, the results outside the French borders: case study: what differences between the European and US markets, prices volatility and commodity risk management: towards the on-line trading, role and developments of E-business in energy trading, how to simplify trade in a liberalized market. (J.S.)

  11. EU-China Trade Partnership: Strategic Importance of Central and Eastern European Members

    Directory of Open Access Journals (Sweden)

    Loredana Jitaru

    2016-01-01

    the increase of Chinese investment in Europe. This paper aims to analyze trade flows betweenChina and the EU member states in Central and Eastern Europe in the framework of the EU-Chinatrade partnership and how these countries can be considered a strategic partner in EU-Chinatrade relations.

  12. Trade spillovers of fiscal policy in the european union: A panel analysis

    NARCIS (Netherlands)

    Beetsma, R.; Giuliodori, M.; Klaassen, F.

    2005-01-01

    We explore the international spillovers from fiscal policy shocks via trade in Europe. A fiscal expansion stimulates domestic activity, which leads to more foreign exports and, hence, higher foreign output. To quantify this, we combine a panel VAR model in government spending, net taxes and GDP with

  13. Trade spillovers of fiscal policy in the European Union: a panel analysis

    NARCIS (Netherlands)

    Beetsma, R.; Giuliodori, M.; Klaassen, F.

    2005-01-01

    We explore the international spillovers from fiscal policy shocks via trade in Europe. A fiscal expansion stimulates domestic activity, which leads to more foreign exports and, hence, higher foreign output. To quantify this, we combine a panel VAR model in government spending, net taxes and GDP with

  14. Trade spill-overs of fiscal policy in the European Union: a panel analysis

    NARCIS (Netherlands)

    Beetsma, R.; Giuliodori, M.; Klaassen, F.

    2006-01-01

    We explore the international spill-overs from fiscal policy shocks via trade in Europe. A fiscal expansion stimulates domestic activity, which leads to more foreign exports and, hence, higher foreign output. To quantify this, we combine a panel VAR model in government spending, net taxes and GDP

  15. European Workshop on High Order Nonlinear Numerical Schemes for Evolutionary PDEs

    CERN Document Server

    Beaugendre, Héloïse; Congedo, Pietro; Dobrzynski, Cécile; Perrier, Vincent; Ricchiuto, Mario

    2014-01-01

    This book collects papers presented during the European Workshop on High Order Nonlinear Numerical Methods for Evolutionary PDEs (HONOM 2013) that was held at INRIA Bordeaux Sud-Ouest, Talence, France in March, 2013. The central topic is high order methods for compressible fluid dynamics. In the workshop, and in this proceedings, greater emphasis is placed on the numerical than the theoretical aspects of this scientific field. The range of topics is broad, extending through algorithm design, accuracy, large scale computing, complex geometries, discontinuous Galerkin, finite element methods, Lagrangian hydrodynamics, finite difference methods and applications and uncertainty quantification. These techniques find practical applications in such fields as fluid mechanics, magnetohydrodynamics, nonlinear solid mechanics, and others for which genuinely nonlinear methods are needed.

  16. Trading green electricity

    International Nuclear Information System (INIS)

    Davies, M.

    1997-01-01

    A study has been carried out into the feasibility of developing an electricity trading mechanism which would allow consumers to purchase electricity which has been derived from renewable energy resources. This study was part funded by the European Commission (ALTENER), the Department of Trade and Industry and a number of private sector companies. The trading mechanism is known as the Green Pool. As a result of the findings of this study discussions are being held with potential generators and suppliers to establish a Green Pool plc. The aim is to encourage the development of new renewable energy projects outside the NFFO and SRO schemes. The Green Pool plc will be owned by the generators and its main objective will be to market the electricity produced by its members. (Author)

  17. Economics of total energy schemes in the liberalised European energy market

    Science.gov (United States)

    Lampret, Peter

    This thesis is concerned with the liberalisation of the European Energy markets and the affects this has had on total energy systems. The work concentrates on a number of case studies all of which are located in the area surrounding Gelsenkirchen - Bottrop - Gladbeck, the centre of the Ruhr region of Germany.The thesis describes briefly how the legislation of the parliament of the extended European Union has been interpreted and enacted into German legislation and its affects on production, transport, sales and customers. Primarily the legislation has been enacted to reduce energy costs by having a competitive market while enabling security of supply. The legislation whose development has accelerated since 1999 can lead to negative effects and these have been highlighted for the case studies chosen.The legislation and technological advances, each of them successful by themselves, do not provide the expected reduction of carbon dioxide emissions when applied to total energy system. The introduction of human behaviour as a missing link makes the problems evident and gives a theoretical basis to overcome these problems. The hypothesis is proven by eight detailed research projects and four concisely described ones.The base of the research is the experience gained on approximately 1,000 operation years of the simplest total energy system, that of centralised heating. This experience is transferred to different solutions for total energy systems and their economics in combination with the changing legislation and observation of human behaviour.The variety of topics of the case studies includes the production of heat by boiler, solar or combined heat and power and the use of fuel cells. Additionally the transfer of heat, at the place of demand is considered, either as an individual boiler in a building or as de-centralised district heating.The various results of these projects come together in a final project which covers four different heating systems in identical

  18. Progress in the pattern of intra-industrial trade between the European Union and Latin America: The cases of Brazil and Mexico

    OpenAIRE

    Rodil Marzábal, Óscar; Sánchez Carreira, María del Carmen; López Arévalo, Jorge Alberto; Arrazola Ovando, Emmanuel

    2016-01-01

    This study examines changes in the pattern of intra-industrial trade (exchange of different varieties of the same good) between the European Union (EU) and the countries of Latin America (LA) over the last two decades, paying special attention to the cases of Brazil and Mexico. It focuses on the extent to which these trade relations are changing from a traditional profile based on complementarity (inter-industrial) and on static advantages (provision of resources) to a more modern, competitiv...

  19. Compact and resource efficient cities? Synergies and trade-offs in European cities

    DEFF Research Database (Denmark)

    Fertner, Christian; Große, Juliane

    2016-01-01

    city. Compact cities and compact urban development are thought to decrease energy and resource demand per capita and increase efficiency. At the same time trade-offs and potential rebound effects of increased resource efficiency question certain achievements of a dense urban structure. This paper...... alternative travel modes. Also the allocation of efficiency gains due to compact urban development has to be taken into account in order to avoid direct and indirect rebound effects....

  20. The Future of the European Union: A Critical Trade Union View

    Directory of Open Access Journals (Sweden)

    John Medhurst

    2009-12-01

    Full Text Available This paper offers a radical critique of the current framework of economic policy within the European Union and its negative effect on social cohesion. It defends the aspirations of the “Social Europe” model but suggests this model is now withering on the vine, not least because employers and governments no longer support it and have withdrawn from genuine social partnership. The paper asserts that the undemocratic nature of European policy making institutions is a fundamental bloc to progressive reform of the EU, and criticises the economic philosophy inherent in the Lisbon Agenda and recent controversial European Court of Justice decisions that have expanded that agenda. Lastly, it sketches some alternatives to this direction of travel, drawn from successful models within and outside Europe.

  1. Evaluation of the European Union-United States oil and petroleum-based fuels trade potential in the context of the negotiated TTIP agreement

    Directory of Open Access Journals (Sweden)

    Olkuski Tadeusz

    2017-01-01

    Full Text Available The article evaluates the European Union-United States oil and petroleum-based fuels trade potential. The planned trade structure and balance according to IEA (International Energy Agency and IHS (IHS CERA www.ihs.com scenarios, the projected volume of imports and exports, and differences in price levels and costs are presented. The projected potential of the trade volume, taking into account the possible impact of the Transatlantic Trade and Investment Partnership (TTIP, is also presented. The analysis has shown that the elimination of trade barriers between the European Union and the United States would be more beneficial to US refineries. Due to the higher import tariffs to the EU, the potential benefits of US exporters are higher than those of the EU exporters to the US. This confirms the fears of European negotiators that some aspects of the agreement will have a negative impact on European businesses. However, in the case of petroleum products the TTIP agreement will have a negligible impact on increasing the export volume.

  2. On the influence of the European trade barrier on the chinese pv industry: Is the solution to the solar-dispute “successful”?

    International Nuclear Information System (INIS)

    McCarthy, Killian J.

    2016-01-01

    In July 2013 the European Union (EU) imposed restrictions on Chinese solar photovoltaic (PV) manufacturers, looking to exporting to the EU. In this paper, we consider the impact of this trade barrier, using a sample of 454 stock-listed PV producing firms. We find that the trade barrier erased US$ 8,19 million off the value of the average European PV manufacturers and US$ 247.03 million off the value of the average Chinese PV manufacturers. We also find that while the trade barrier reduced the willingness of the industry to reorganise, it stimulates Chinese manufacturers to reorganise both their domestic and their international operations. The latter, we warn, is likely an attempt by Chinese manufacturers to ‘tariff jump’. We conclude, therefore, that the trade barrier was both inefficient, in that it both hurt the companies it aimed to protect, and ineffective, as those it sought to punish may have circumvented it. - Highlights: • Consider the impact of EU trade restrictions on 454 PV producing firms. • Show that the regulation wiped $8 m off the average European PV manufacturer. • Show that the regulation wiped US$247 m off the value of the average Chinese PV manufacturers. • Show that the regulation stimulated Chinese firms to circumvent the barrier. • Conclude that the trade barrier was inefficient and ineffective.

  3. Panorama 2016 - Overview of the refining industry in the European Union Emissions Trading System (EU ETS)

    International Nuclear Information System (INIS)

    Coussy, Paula; Jalard, Matthieu

    2015-12-01

    Since 2008, emissions from the refining sector have fallen by more than 12%, reaching 128 MtCO 2 e in 2014. Germany was the largest emitter of CO 2 e for the 2005- 2014 period. With Italy, Spain, the United Kingdom, France and the Netherlands, these six countries accounted for 71% of the industry's emissions in the EU ETS for 2014. During the 2008-2014 period, the European refining sector had a surplus of 74 MtCO 2 e, but since 2013 has had an annual deficit. Estimates show that the overall surplus of 74 MtCO 2 e should vanish by 2015. In the future, European demand for petroleum products will drop, and forecasts for crude processing are expected to decline. IFPEN estimates that, by 2035, this decline should reach 30%, leading to a 20% drop in the sector's emissions. Against this background, the amount of free allowances in the refining sector will fall, from 80% in 2014 to nearly 75% in 2020, leading to compliance costs for the European refining sector of approximately euro 600 million for 2020 alone, compared with the $6 billion needed for investment in Europe by 2035. Due to the great disparity in efficiency among European refineries (difference when compared with the benchmark), it is clear that it will be extremely costly for certain refineries to remain in operation. This will lead to the likely closure of refineries that are less efficient in terms of GHG emissions. (authors)

  4. Emissions Trading

    NARCIS (Netherlands)

    Woerdman, Edwin; Backhaus, Juergen

    2014-01-01

    Emissions trading is a market-based instrument to achieve environmental targets in a cost-effective way by allowing legal entities to buy and sell emission rights. The current international dissemination and intended linking of emissions trading schemes underlines the growing relevance of this

  5. Creating a level playing field? The concentration and centralisation of emissions in the European Union Emissions Trading System

    International Nuclear Information System (INIS)

    Bryant, Gareth

    2016-01-01

    This article questions the assumption that carbon markets create a level playing field by exploring the relationship between the organisation of capital and the organisation of emissions in the European Union Emissions Trading System (EU ETS). It constructs a database by matching installations and owners to reveal that a relatively small number of large-scale coal-fired power stations, owned by a very small group of states and corporations, are responsible for a significant proportion of greenhouse gas emissions. The findings are analysed by considering how technological dependence on coal together with the corporate institutional form combine to support the socio-spatial concentration and centralisation of capital and emissions. Case studies of the consolidation of the seven largest polluting owners from Europe's coal-dependent electricity sector and the carbon trading strategies of the two largest polluters, RWE and E.ON, then assess the impacts of energy liberalisation and emissions trading policies. The article concludes that EU energy and climate policies are pulling in different directions by clustering responsibility for greenhouse gas emissions and diffusing responsibility to address climate change. The uneven distribution of emissions within the EU ETS makes an alternative policy approach that directly targets the biggest corporate and state polluters both feasible and necessary. - Highlights: • 20 ultimate owners are responsible for one-half of 2005–12 EU ETS emissions. • 83 installations are responsible for one-third of 2005–12 EU ETS emissions. • Focus on technological dependence on coal and the corporate institutional form. • Energy liberalisation policy has consolidated responsibility for emissions. • Carbon markets have diffused responsibility for addressing climate change.

  6. European emissions trading and the international competitiveness of energy-intensive industries: a legal and political evaluation of possible supporting measures

    International Nuclear Information System (INIS)

    Asselt, H. van; Biermann, F.

    2007-01-01

    The EU Emissions Trading Directive is expected by European energy-intensive industries to harm their competitiveness vis-a-vis non-European competitors. Many additional measures have thus been proposed to 'level the playing field' and to protect the competitiveness of European energy-intensive industries within the larger effort of reducing Europe's greenhouse gas emissions and of meeting its obligations under the 1997 Kyoto Protocol. This article evaluates a range of proposed measures based on a set of political and legal criteria, including environmental effectiveness; the need to consider differentiated commitments, responsibilities and capabilities; conformity with world trade law and European Union law; and Europe's overall political interests. We discuss measures that could be adopted by the European Union and its member states, such as direct support for energy-intensive industries, restrictions of energy-intensive imports into the European Union through border cost adjustments, quotas or technical regulations, and cost reimbursement for affected developing countries. We also analyse measures available to multilateral institutions such as the United Nations Framework Convention on Climate Change and its Kyoto Protocol and the World Trade Organisation. We conclude with a classification of the discussed measures with red (unfeasible), yellow (potentially feasible) or green (feasible) labels. (author)

  7. European emissions trading and the international competitiveness of energy-intensive industries: a legal and political evaluation of possible supporting measures

    International Nuclear Information System (INIS)

    Asselt, Harro van; Biermann, Frank

    2007-01-01

    The EU Emissions Trading Directive is expected by European energy-intensive industries to harm their competitiveness vis-a-vis non-European competitors. Many additional measures have thus been proposed to 'level the playing field' and to protect the competitiveness of European energy-intensive industries within the larger effort of reducing Europe's greenhouse gas emissions and of meeting its obligations under the 1997 Kyoto Protocol. This article evaluates a range of proposed measures based on a set of political and legal criteria, including environmental effectiveness; the need to consider differentiated commitments, responsibilities and capabilities; conformity with world trade law and European Union law; and Europe's overall political interests. We discuss measures that could be adopted by the European Union and its member states, such as direct support for energy-intensive industries, restrictions of energy-intensive imports into the European Union through border cost adjustments, quotas or technical regulations, and cost reimbursement for affected developing countries. We also analyse measures available to multilateral institutions such as the United Nations Framework Convention on Climate Change and its Kyoto Protocol and the World Trade Organisation. We conclude with a classification of the discussed measures with red (unfeasible), yellow (potentially feasible) or green (feasible) labels

  8. Energy trading in the focus of European regulation projects. How REMIT, MiFID II, MiFIR, MAD II and EMIR will professionalize, regulate and endanger energy trading; Energiehandel im Fokus europaeischer Regulierungsvorhaben. Wie REMIT, MiFID II, MiFIR, MAD II und EMIR den Energiehandel professionalisieren, regulieren und gefaehrden

    Energy Technology Data Exchange (ETDEWEB)

    Cieslarczyk, Michael [DLA Piper, Koeln (Germany)

    2012-07-01

    Many market partners fear that new European standards and initiatives to control energy trading activities will endanger the freedom of the markets. The contribution outlines the specifications of REMIT and also goes into the other European initiatives. (orig.)

  9. STRUCTURAL EFFECTS AND MUTATIONS CAUSED BY THE ECONOMIC CRISIS ON FURNITURE TRADE AT THE EUROPEAN UNION LEVEL

    Directory of Open Access Journals (Sweden)

    Radu Marginean

    2013-12-01

    Full Text Available he global economic crisis had most negative effects on the entire economic sphere and especially in what the consuming industry is concerned, which may be considered “luxurious”, the way in which we may talk about the furniture industry. Along times of economic crisis at social level, a decrease in financial power at microeconomic, individual level is felt. Under conditions of social decrease in buying capacity, the request for commercial furniture is in rapid fall and thus the industry as such suffers serious structural mutations. Analyzing a series of macroeconomic indices from the European furniture industry led to the result that during the late years there has been a positive trend within the furniture industry in matters of production, however, with concern to trading, the situation is more complicated. There is a behaviour difference in the furniture industry between emergent countries and EU developed states and based on the performed analysis, a SWOT analysis at sectorial level crystallized, in which we propose ways of growth in the European furniture industry.

  10. Lobbying during the revision of the European emissions trading system: Easier for Swedish industrial insiders than for Norwegian outsiders?

    Energy Technology Data Exchange (ETDEWEB)

    Miard, Kadri

    2011-07-01

    This report examines and compares the lobbying routes taken by Swedish and Norwegian energy-intensive industry firms during the revision of the European Emissions Trading System. Two key explanatory factors are in focus here - whether the company has its origin in the EU member state Sweden or in non-member Norway; and the size of the company. Six companies are chosen as cases: Norsk Hydro, Norcem and Norske Skog from Norway; and SSAB, Cementa and Svenska Cellulosa Aktiebolaget from Sweden. A key finding is the extensive use of European associations by all these firms in lobbying EU institutions. Also prevalent is the use of national associations, which would indicate benefits in the form of better institutional response to collective lobbying and resource-sharing aspects. Although Norwegian firms seem to have struggled more than Swedish firms when it comes to lobbying EU institutions, due to lack of access to the EU, not all differences can be explained by the fact of originating in an EU member state Sweden or non-member Norway. While company size has a positive effect on the number of available lobbying routes, this appears to depend on cross-border production and possibly other influences as well.(auth)

  11. INTERNATIONAL TRADE WITH AGRIFOOD PRODUCTS OF ROMANIA, AS A CONSEQUENCE OF THE EUROPEAN QUALITY CONFORMITY LEVEL

    Directory of Open Access Journals (Sweden)

    Laurentiu MUNTEANU

    2013-01-01

    Full Text Available The paper aimed to find the tendency of the volume of international agrifood product exchanges that should enable the substantiation of decisions regarding the structure and level of the international trade of Romania. By the adequate indicator is rendered the tendency of the import and export that should finally substantiate the degree of ensuring competitiveness on the market of Romania. We start from quantitative issues (progressive quantities of agrifood product exchanges to qualitative ones (with reference to the balance level, deducting the knowledge of policies on product quality in the market competitiveness. On such basis may be configured exchanges and twodimensional involvements of the production volume ↔commercial agrifood product exchanges.

  12. FOREIGN MARKET ENTRY STRATEGIES IN THE UNITED STATES/EUROPEAN UNION AGRIBUSINESS TRADE CONTEXT

    Directory of Open Access Journals (Sweden)

    Cristina Lelis Leal Calegario

    2015-07-01

    Full Text Available Our study makes an analysis of American’ multinationals foreign market entry strategies in the European Union agribusiness context. We have used a logistic regression analysis using generalized estimating equation method to make hypothesis about the multinationals’ choices. Our results suggest that American food companies operating in EU appear not to choose their mode of entry based merely on host country factors, but mostly on firm related factors, including firm-specific factors and firm financial performance. Despite the creation of a common institutional framework for M&As in the EU, they are still subject to peculiarities due mostly to organizational characteristics of investing firms.

  13. Viewls - Possibilities and performance of international biofuel trade from CEEC to WEC[Central and Eastern European Countries; Western European Countries

    Energy Technology Data Exchange (ETDEWEB)

    Dam, J. van; Faaij, A.; Lewandowski, I. [Utrecht Univ., Dept. of Science, Technology and Society, Utrecht (Netherlands); Zeebroeck, B. van [Transport and Mobility Leuven, Leuven (Belgium); Falkenberg, D.; Hein, M.; Schroeder, G.; Thraen, D.; Weber, M. [Inst. of Energy and Environment, Leipzig (Germany)

    2006-05-13

    The EU has set high targets to increase the use of renewable energy sources from which a large part has to come from biomass. To meet these targets, a large amount of biomass resources is needed, which requires large areas of land in the EU for energy crop production. However, the availability of good land for energy crop production is limited in Western European countries (WEC). This means that the potential from indigenous biomass resources is not sufficient to meet the set bioenergy targets. At the same time, the expansion of the EU and the inclusion of the Central and Eastern European countries (CEEC) in agricultural and energy EU policies create potential difficulties as well as opportunities. Agriculture plays an important role in the CEEC furthermore, the share of agricultural employment is still large. In the future rationalization of the current agriculture in the CEEC is expected. This will lead to increased productivity and economic performance. On the other hand, unemployment and an increase in abandoned land are expected as well. A study of the technical biomass production potentials in the CEEC shows that in some scenarios the biomass production potential exceeds the current final energy consumption on a country level. The main objectives of this study are: 1) Define the critical factors to set up a stable international biofuel trade between CEEC and WEC, 2) Estimate the cost performance of the energy carriers delivered in the WEC from the CEEC, 3) Analyze the regional differences in cost performance of the energy carriers in the CEEC. (BA)

  14. How to design a border adjustment for the European Union Emissions Trading System?

    International Nuclear Information System (INIS)

    Monjon, Stephanie; Quirion, Philippe

    2010-01-01

    Border adjustments are currently discussed to limit the possible adverse impact of climate policies on competitiveness and carbon leakage. We discuss the main choices that will have to be made if the European Union implements such a system alongside the EU ETS. Although more analysis is required on some issues, on others some design options seem clearly preferable to others. First, the import adjustment should be a requirement to surrender allowances rather than a tax. Second, the general rule to determine the amount of allowances per ton imported should be the product-specific benchmarks that the European Commission is currently elaborating for a different purpose (i.e. to determine the amount of free allowances). Third, this obligation should apply when the imported product is registered at the EU border, and not after the end of the year as is the case for domestic emitters. Fourth, the export adjustment should take the form of a rebate on the amount of allowances a domestic emitter has to surrender. Five, this rebate should equal the above-mentioned product-specific benchmarks, not the emissions of the particular exporting plant or firm. Finally, the adjustment does not have to apply to consumer products but mostly to basic products. (author)

  15. Tendances Carbone no. 97. Emissions Trading Schemes in China: the transition from experimental pilots to a national ETS

    International Nuclear Information System (INIS)

    Afriat, Marion

    2014-12-01

    Among the publications of CDC Climat Research, 'Tendances Carbone' bulletin specifically studies the developments of the European market for CO 2 allowances. Beside some statistical figures about energy production/consumption and carbon markets, this issue specifically addresses the following points: - EU ETS-MSR debate: The ENVI Committee has published a provisional report supporting the implementation of the mechanism and arguing for increased flexibility. The parliament's ITRE Commission suggested adjustments to the mechanism in order to protect industrial competitiveness on 17 November. - EU ETS-MSR timetable: the ITRE Committee will hold an opinion vote on 21 January 2015, while the ENVI Committee will vote on 23 and 24 February 2015. - 2030 Climate and Energy Package: the European Energy and Climate Commissioner supports increasing the energy-efficiency target to 30%

  16. Reintroducing regulation? Consequences of the European directives for electricity trade (1228/2003) and gas trade (1775/2005) for the European internal power market; Verordnete Regulierung? Die Bedeutung der Stromhandelsverordnung / Verordnung (EG) Nr. 1228/2003 - und der Gashandelsverordnung - Verordnung (EG) Nr. 1775/2005 - fuer den europaeischen Energiebinnenmarkt

    Energy Technology Data Exchange (ETDEWEB)

    Kaiser, J.

    2007-07-01

    On 23 June 2003, the European Parliament and Council issued the directive on grid access for transfrontier electricity trading (EltHVO). It is part of a bundle of directives comprising also directives on electricity and natural gas trading (EltRL and GasRL). This marks the third and final state of unbundling of the European internal power market. In December 2003, the European Commission also announced the issuing of a directive on access to natural gas pipelines (GasHVO) which was issued on 28 September 2005 and came into force on 1 July 2006. While the European Parliament views the legislation as a key project for standardizing the European internal market, others see a danger of centralisation and standardisation of concrete regulation decisions. The publication investigates the consequences of the EltHVO and GAsHVO for the internal power market, especially with a view to the possible danger of centralisation. (orig.)

  17. Il commercio estero dei paesi est europei e dell'URSS negli anni ottanta.(The foreign trade of Eastern European and USSR countries in the 1980s

    Directory of Open Access Journals (Sweden)

    C. MASTROPASQUA

    2013-10-01

    Full Text Available Il commercio dei paesi europei e URSS orientale è caratterizzato da una fondamentale asimmetria . Da una parte , vi è commercio intra-area ( intra - COMECON che costituisce la parte prevalente ma è tuttavia meno importante per la crescita . D' altra parte, vi è il commercio con i paesi industrializzati ( est-ovest , che , anche se rappresenta una porzione più piccola , attraverso l'importazione di manufatti ad alto contenuto tecnologico , è fondamentale per il processo di accumulazione interna . Il presente lavoro analizza il commercio le due aree negli ultimi dieci anni . L'autore esamina le principali caratteristiche del commercio intra - Comecon , il commercio est-ovest , le riforme del commercio estero e il problema della convertibilità delle valute in Unione Sovietica .The trade of Eastern European and USSR countries is characterised by a fundamental asymmetry. On the one hand, there is intra-area trade (intra-COMECON which constitutes the prevalent part but is, however, less important for growth. On the other hand, there is trade with industrialised countries (east-west which, although it represents a smaller portion, through the importation of highly technological manufactured goods, is crucial to the process of internal accumulation. The present work analyses the trade to the two areas over the past decade. The author looks at the principal characteristics of intra-COMECON trade, east-west trade, foreign trade reforms and the problem of currency convertibility in the Soviet Union. JEL: F14, P23

  18. Identification of Hotspots in the European Union for the Introduction of Four Zoonotic Arboviroses by Live Animal Trade

    Science.gov (United States)

    Durand, Benoit; Lecollinet, Sylvie; Beck, Cécile; Martínez-López, Beatriz; Balenghien, Thomas; Chevalier, Véronique

    2013-01-01

    Live animal trade is considered a major mode of introduction of viruses from enzootic foci into disease-free areas. Due to societal and behavioural changes, some wild animal species may nowadays be considered as pet species. The species diversity of animals involved in international trade is thus increasing. This could benefit pathogens that have a broad host range such as arboviruses. The objective of this study was to analyze the risk posed by live animal imports for the introduction, in the European Union (EU), of four arboviruses that affect human and horses: Eastern and Western equine encephalomyelitis, Venezuelan equine encephalitis and Japanese encephalitis. Importation data for a five-years period (2005-2009, extracted from the EU TRACES database), environmental data (used as a proxy for the presence of vectors) and horses and human population density data (impacting the occurrence of clinical cases) were combined to derive spatially explicit risk indicators for virus introduction and for the potential consequences of such introductions. Results showed the existence of hotspots where the introduction risk was the highest in Belgium, in the Netherlands and in the north of Italy. This risk was higher for Eastern equine encephalomyelitis (EEE) than for the three other diseases. It was mainly attributed to exotic pet species such as rodents, reptiles or cage birds, imported in small-sized containments from a wide variety of geographic origins. The increasing species and origin diversity of these animals may have in the future a strong impact on the risk of introduction of arboviruses in the EU. PMID:23894573

  19. The Intra Industry Trade between Portugal European Union, Portugal Spain, Portugal-France, Portugal Germany, Portugal-Ireland, Portugal-Greece and Portugal-Netherlands - a Dynamic Panel Data Analysis (1996 2000)

    OpenAIRE

    Horácio Faustino; Nuno Carlos Leitão

    2005-01-01

    PortugalÂ’s main trade partners have been Spain, Germany and France. In this paper we analyse the intra industry trade in the manufacturing industry between Portugal Spain, Portugal-France, Portugal Germany, Portugal-Ireland and Portugal-Greece. We also present the results of intra industry trade (IIT) between Portugal and the European Union. The innovation, technological progress, human capital, and scale economies are some of the explicative variables of the intra industry trade phenomena. ...

  20. EU-Type Carbon Emissions Trade and the Distributional Impact of Overlapping Emissions Taxes

    OpenAIRE

    Thomas Eichner; Rüdiger Pethig

    2009-01-01

    The European Union fulfills its emissions reductions commitments by means of an emissions trading scheme covering some part of each member state’s economy and by national emissions control in the rest of their economies. The member states also levy energy/emissions taxes overlapping with the trading scheme. Restricting our focus on cost-effective policies, this paper investigates the distributive consequences of increasing the overlapping emissions tax that is uniform across countries. For ...

  1. A comparison between national scheme for the acoustic classification of dwellings in Europe and in the U.S

    DEFF Research Database (Denmark)

    Berardi, Umberto; Rasmussen, Birgit

    2015-01-01

    , focusing on sound insulation performance, national schemes for sound classification of dwellings have been developed in several European countries. These schemes define acoustic classes according to different levels of sound insulation. Due to the lack of coordination among countries, a significant...... scheme may facilitate exchanging experiences about constructions fulfilling different classes, reducing trade barriers, and finally increasing the sound insulation of dwellings....... diversity in terms of descriptors, number of classes, and class intervals occurred between national schemes. However, a proposal ”acoustic classification scheme for dwellings” has been developed recently in the European COST Action TU0901 with 32 member countries. This proposal has been accepted as an ISO...

  2. A bi-population based scheme for an explicit exploration/exploitation trade-off in dynamic environments

    Science.gov (United States)

    Ben-Romdhane, Hajer; Krichen, Saoussen; Alba, Enrique

    2017-05-01

    Optimisation in changing environments is a challenging research topic since many real-world problems are inherently dynamic. Inspired by the natural evolution process, evolutionary algorithms (EAs) are among the most successful and promising approaches that have addressed dynamic optimisation problems. However, managing the exploration/exploitation trade-off in EAs is still a prevalent issue, and this is due to the difficulties associated with the control and measurement of such a behaviour. The proposal of this paper is to achieve a balance between exploration and exploitation in an explicit manner. The idea is to use two equally sized populations: the first one performs exploration while the second one is responsible for exploitation. These tasks are alternated from one generation to the next one in a regular pattern, so as to obtain a balanced search engine. Besides, we reinforce the ability of our algorithm to quickly adapt after cnhanges by means of a memory of past solutions. Such a combination aims to restrain the premature convergence, to broaden the search area, and to speed up the optimisation. We show through computational experiments, and based on a series of dynamic problems and many performance measures, that our approach improves the performance of EAs and outperforms competing algorithms.

  3. Carbon, land, and water footprint accounts for the European Union: consumption, production, and displacements through international trade.

    Science.gov (United States)

    Steen-Olsen, Kjartan; Weinzettel, Jan; Cranston, Gemma; Ercin, A Ertug; Hertwich, Edgar G

    2012-10-16

    A nation's consumption of goods and services causes various environmental pressures all over the world due to international trade. We use a multiregional input-output model to assess three kinds of environmental footprints for the member states of the European Union. Footprints are indicators that take the consumer responsibility approach to account for the total direct and indirect effects of a product or consumption activity. We quantify the total environmental pressures (greenhouse gas emissions: carbon footprint; appropriation of biologically productive land and water area: land footprint; and freshwater consumption: water footprint) caused by consumption in the EU. We find that the consumption activities by an average EU citizen in 2004 led to 13.3 tCO(2)e of induced greenhouse gas emissions, appropriation of 2.53 gha (hectares of land with global-average biological productivity), and consumption of 179 m(3) of blue water (ground and surface water). By comparison, the global averages were 5.7 tCO(2)e, 1.23 gha, and 163 m(3) blue water, respectively. Overall, the EU displaced all three types of environmental pressures to the rest of the world, through imports of products with embodied pressures. Looking at intra-EU displacements only, the UK was the most important displacer overall, while the largest net exporters of embodied environmental pressures were Poland (greenhouse gases), France (land), and Spain (freshwater).

  4. The European Federation of Organisations for Medical Physics Policy Statement No. 6.1: Recommended Guidelines on National Registration Schemes for Medical Physicists.

    Science.gov (United States)

    Christofides, Stelios; Isidoro, Jorge; Pesznyak, Csilla; Bumbure, Lada; Cremers, Florian; Schmidt, Werner F O

    2016-01-01

    This EFOMP Policy Statement is an update of Policy Statement No. 6 first published in 1994. The present version takes into account the European Union Parliament and Council Directive 2013/55/EU that amends Directive 2005/36/EU on the recognition of professional qualifications and the European Union Council Directive 2013/59/EURATOM laying down the basic safety standards for protection against the dangers arising from exposure to ionising radiation. The European Commission Radiation Protection Report No. 174, Guidelines on Medical Physics Expert and the EFOMP Policy Statement No. 12.1, Recommendations on Medical Physics Education and Training in Europe 2014, are also taken into consideration. The EFOMP National Member Organisations are encouraged to update their Medical Physics registration schemes where these exist or to develop registration schemes taking into account the present version of this EFOMP Policy Statement (Policy Statement No. 6.1"Recommended Guidelines on National Registration Schemes for Medical Physicists"). Copyright © 2016. Published by Elsevier Ltd.

  5. Does the European natural gas market pass the competitive benchmark of the theory of storage? Indirect tests for three major trading points

    International Nuclear Information System (INIS)

    Stronzik, Marcus; Rammerstorfer, Margarethe; Neumann, Anne

    2009-01-01

    This paper presents the first comparative analysis of the relationship between natural gas storage utilization and price patterns at three major European trading points. Using two indirect tests developed by that are applied in other commodity markets, we impose the no arbitrage condition to model the efficiency of the natural gas market. The results reveal that while operators of European storage facilities realize seasonal arbitrage profits, substantial arbitrage potentials remain. We suggest that the indirect approach is well suited to provide market insights for periods with limited data. We find that overall market performance differs substantially from the competitive benchmark of the theory of storage. (author)

  6. A new classification scheme of European cold-water coral habitats: Implications for ecosystem-based management of the deep sea

    Science.gov (United States)

    Davies, J. S.; Guillaumont, B.; Tempera, F.; Vertino, A.; Beuck, L.; Ólafsdóttir, S. H.; Smith, C. J.; Fosså, J. H.; van den Beld, I. M. J.; Savini, A.; Rengstorf, A.; Bayle, C.; Bourillet, J.-F.; Arnaud-Haond, S.; Grehan, A.

    2017-11-01

    Cold-water corals (CWC) can form complex structures which provide refuge, nursery grounds and physical support for a diversity of other living organisms. However, irrespectively from such ecological significance, CWCs are still vulnerable to human pressures such as fishing, pollution, ocean acidification and global warming Providing coherent and representative conservation of vulnerable marine ecosystems including CWCs is one of the aims of the Marine Protected Areas networks being implemented across European seas and oceans under the EC Habitats Directive, the Marine Strategy Framework Directive and the OSPAR Convention. In order to adequately represent ecosystem diversity, these initiatives require a standardised habitat classification that organises the variety of biological assemblages and provides consistent and functional criteria to map them across European Seas. One such classification system, EUNIS, enables a broad level classification of the deep sea based on abiotic and geomorphological features. More detailed lower biotope-related levels are currently under-developed, particularly with regards to deep-water habitats (>200 m depth). This paper proposes a hierarchical CWC biotope classification scheme that could be incorporated by existing classification schemes such as EUNIS. The scheme was developed within the EU FP7 project CoralFISH to capture the variability of CWC habitats identified using a wealth of seafloor imagery datasets from across the Northeast Atlantic and Mediterranean. Depending on the resolution of the imagery being interpreted, this hierarchical scheme allows data to be recorded from broad CWC biotope categories down to detailed taxonomy-based levels, thereby providing a flexible yet valuable information level for management. The CWC biotope classification scheme identifies 81 biotopes and highlights the limitations of the classification framework and guidance provided by EUNIS, the EC Habitats Directive, OSPAR and FAO; which largely

  7. EU policy seminar. The Commission's 2008 climate action and renewable energy package. Options for flexibility regarding the emissions trading scheme and renewable energy proposals. Overview paper

    International Nuclear Information System (INIS)

    Van Schaik, L.; Van Kampen, E.

    2008-02-01

    This paper accompanies the seminar on the Commission's '08 climate action and renewable energy package. The seminar, and hence this paper, focuses on two of the legislative proposals that the package consists of, namely the revision of the EU Emissions Trading Scheme and the directive on the promotion of Renewable Energy. The purpose of this paper is to provide a clear overview of these two proposals. Its purpose is, furthermore, to provide the seminar with a clear focus. This is achieved by means of the inclusion of sections on flexibility in each proposal and the posing of issues for discussion. The objective is to analyse whether the market-based mechanism, as chosen policy instrument, and the way targets are set in the proposals allow for sufficient flexibility in achieving the targets. This refers to whether they can be expected to lead to cost-effective reductions, and whether the target-setting is perceived as fair and accommodating to economic growth projections. Important in this respect, is whether the proposals accommodate the emission reduction and renewable energy potential, as well as the investment capabilities of member states

  8. Interaction between the EU emissions trading scheme and energy policy instruments in the Netherlands. Implications of the EU Directive for Dutch Climate Policies

    International Nuclear Information System (INIS)

    Sijm, J.P.M.; Van Dril, A.W.N.

    2003-11-01

    The present study analyses the potential interactions between the EU Emissions Trading Scheme (EU ETS) and some selected energy and climate policy instruments in the Netherlands. These instruments include: (1) The Benchmarking Covenant (BC): a negotiated agreement with energy-intensive industries in order to improve their energy efficiency; (2) The Regulatory Energy Tax (REB): an ecotax (or levy) on the consumption of gas and electricity, including the partial exemption of this ecotax on renewable electricity; (3) The Environmental Quality of Electricity Production (MEP): a feed-in subsidy system for producers of renewable electricity; and (4) The system of Tradable Green Certificates (TGCs): a system of guarantees of origin to promote renewable electricity based on the partial exemption of the REB. A general finding of the present report is that once the EU ETS becomes operational, the effectiveness of all other policies to reduce CO2 emissions of the participating sectors becomes zero. The report explores the specific implications of this general finding for the coexistence of the EU ETS and the selected policy instruments in the Netherlands. It concludes that this coexistence will have a significant impact on the performance of both the EU ETS and the selected instruments in the Netherlands

  9. Development and trade competitiveness of the European wine sector: A gravity analysis of intra-EU flows

    OpenAIRE

    Pasquale Lombardi; Andrea Dal Bianco; Roberto Freda; Francesco Caracciolo; Luigi Cembalo

    2016-01-01

    This study analyses the intra-EU trade of the world׳s chief wine exporters, namely Italy, France and Spain. Using an augmented version of the gravity model we empirically assess which of the three countries have experienced growth in intra-EU market trade. Effects of transportation costs, as well as demand and supply gaps between origin and destination countries, on the size of bilateral trade flows were specifically taken into account. Estimation results highlight the differences between bul...

  10. Scheme for generation of fully-coherent, TW power level hard X-ray pulses from baseline undulators at the European X-ray FEL

    International Nuclear Information System (INIS)

    Geloni, Gianluca; Kocharyan, Vitali; Saldin, Evgeni

    2010-07-01

    The most promising way to increase the output power of an X-ray FEL (XFEL) is by tapering the magnetic field of the undulator. Also, significant increase in power is achievable by starting the FEL process from a monochromatic seed rather than from noise. This report proposes to make use of a cascade self-seeding scheme with wake monochromators in a tunable-gap baseline undulator at the European XFEL to create a source capable of delivering coherent radiation of unprecedented characteristics at hard X-ray wavelengths. Compared with SASE X-ray FEL parameters, the radiation from the new source has three truly unique aspects: complete longitudinal and transverse coherence, and a peak brightness three orders of magnitude higher than what is presently available at LCLS. Additionally, the new source will generate hard X-ray beam at extraordinary peak (TW) and average (kW) power level. The proposed source can thus revolutionize fields like single biomolecule imaging, inelastic scattering and nuclear resonant scattering. The self-seeding scheme with the wake monochromator is extremely compact, and takes almost no cost and time to be implemented. The upgrade proposed in this paper could take place during the commissioning stage of the European XFEL, opening a vast new range of applications from the very beginning of operations.We present feasibility study and examplifications for the SASE2 line of the European XFEL. (orig.)

  11. Combining feed-in tariffs and net-metering schemes to balance development in adoption of photovoltaic energy: Comparative economic assessment and policy implications for European countries

    International Nuclear Information System (INIS)

    Ramírez, F. Javier; Honrubia-Escribano, A.; Gómez-Lázaro, E.; Pham, Duc T.

    2017-01-01

    In the last fifteen years, Europe has been involved in the major development of photovoltaic (PV) solar energy. The Kyoto Protocol requirements and the European Union (EU) directives to promote the use of renewable energy sources (RES) together with environmental policies introduced for the development and use of alternative energies have generated a large number of market opportunities for this sector. Differences in the application of energy policies have caused significant imbalances in electricity systems and distortion of electricity prices. The main concern of governments is to define the support schemes to be used and how to combine them in the most profitable manner. The aim of this paper is to provide a comparative cost-effectiveness assessment using feed-in tariffs (FiT) and net-metering (NM) schemes in some representative EU countries. The authors have developed an economic model to evaluate the profitability of PV projects combining these support schemes. Results show not only the circumstances under which solar energy is economically profitable, but also the kind of PV systems, locations, minimum levels of tariff prices and specific combination of support schemes that should be promoted. - Highlights: • Comparative cost-effectiveness assessment combining FiT and NM support schemes. • A minimum FiT is proposed in addition to traditional financial performance indicators. • Results show the specific combinations of support schemes that should be promoted. • This work can aid efficient energy policy making. • Model could be applied to other types of RES projects and other geographical areas.

  12. EU Emission Trading: Starting with Carbon Dioxide

    DEFF Research Database (Denmark)

    Vesterdal, Morten; Svendsen, Gert Tinggaard

    2003-01-01

    The Commission of the European Union wants to start a limited emission trading scheme by 2005 within the Community to enable "learning-by-doing" prior to the Kyoto Protocol. This to accomplish the desired 8% target level for six different greenhouse gases. However, in the EU it is not clear whether...... all the six relevant greenhouse gases or only CO2 should be traded. What is the simplest and most practicable solution? We argue in favour of the latter option for three main reasons: the possible dominating global warming potential of CO2, expected future developments in CO2 emissions and the fact...

  13. [PICS: pharmaceutical inspection cooperation scheme].

    Science.gov (United States)

    Morénas, J

    2009-01-01

    The pharmaceutical inspection cooperation scheme (PICS) is a structure containing 34 participating authorities located worldwide (October 2008). It has been created in 1995 on the basis of the pharmaceutical inspection convention (PIC) settled by the European free trade association (EFTA) in1970. This scheme has different goals as to be an international recognised body in the field of good manufacturing practices (GMP), for training inspectors (by the way of an annual seminar and experts circles related notably to active pharmaceutical ingredients [API], quality risk management, computerized systems, useful for the writing of inspection's aide-memoires). PICS is also leading to high standards for GMP inspectorates (through regular crossed audits) and being a room for exchanges on technical matters between inspectors but also between inspectors and pharmaceutical industry.

  14. The central importance of the EU emission trading scheme for achievement of the German climate protection target of 40% until 2020; Die zentrale Bedeutung des EU-Emissionshandels zur Erreichung des deutschen Klimaziels in Hoehe von 40 % bis 2020

    Energy Technology Data Exchange (ETDEWEB)

    Hermann, Hauke; Cludius, Johanna

    2014-02-15

    Both Germany and the European Union have set themselves targets for the reduction of greenhouse gas (GHG) emissions. The EU was the forerunner in 2008 when it adopted the Climate and Energy package and set a target of reducing GHG emissions by 20 % by 2020 compared to 1990. Two years later, Germany adopted a range of national GHG targets in the context of the German government's Energy Concept. This includes a 40% emissions reduction target to be met by 2020. One of the main instruments for achieving GHG emissions reduction targets is the EU Emissions Trading Scheme (EU ETS), which covers all large industrial and combustion installations in Europe. According to the agreement made in 2008 (Climate and Energy Package), the effort to achieve the EU's 20 % reduction target by 2020 was split between the ETS sector (2/3 of the reduction effort, representing a 21 % reduction in GHG emissions for installations covered under the ETS compared to 2005) and the non-ETS sector (1/3 of the reduction effort, representing a 10 % reduction compared to 2005). Logically, GHG emissions reductions occurring in German ETS installations count both towards the EU and the national target. This research project has been commissioned to analyse whether the ETS in its cur-rent design can contribute its fair share in efforts to meet the national emissions reduc-tion target. This question is particularly relevant in light of the following considerations: - The new German Coalition Agreement, signed in December 2013, reiterated the national target of a 40 % reduction of GHG emissions by 2020 compared to 1990 levels. - At the same time, the new Coalition Agreement stated that changes to the ETS are only to be considered if the EU GHG emissions reduction target will not be met. - There is a surplus of CO2 allowances on the ETS market, which undermines the credibility of the instrument as well as the integrity of the emissions reduction tar-gets (both European and national). At the same

  15. Carbon trading thickness and market efficiency

    International Nuclear Information System (INIS)

    Montagnoli, Alberto; De Vries, Frans P.

    2010-01-01

    This note tests for the efficient market hypothesis (EMH) in the market for CO 2 emission allowances in Phase I and Phase II of the European Union Emissions Trading Scheme (EU ETS). As usually is the case in emerging and non-competitive markets such as the EU ETS, trading often not occurs on a frequent basis. This has adverse implications for both the gains from permit trade as well as biases the EMH tests. Variance ratio tests are employed to adjust for the thin trading effect. The results indicate that Phase I - the trial and learning period - was inefficient, whereas the first period under Phase II shows signs of restoring market efficiency. (author)

  16. Trading behaviour on the continuous intraday market ELBAS

    International Nuclear Information System (INIS)

    Scharff, Richard; Amelin, Mikael

    2016-01-01

    Intraday markets for electricity allow for trading of energy until shortly before the period of delivery. This offers market participants a possibility to reduce their expected imbalances and to offer own unused flexibility. Because this form of distributed balancing before the period of delivery can be profitable for market participants as well as beneficial for system operations, intraday trading is expected to gain more importance in future, especially with increasing shares of variable renewable energy sources in the generation mix. So far, intraday markets are still a research field with many open questions. This paper contributes by a first analysis of intraday trades on ELBAS, one of the European intraday markets. The analysis gives a detailed picture on trading activity and price development and is intended to improve understanding of continuous intraday trading. Findings include that trading activity differs significantly between price zones, that most trades occur in the last hours before gate closure and that market participants have to handle substantial price variations during the trading period. The paper also investigates the imbalance settlement rules in the Nordic countries and studies which effects one- and two-price imbalance settlement systems have on the market participants' profitability of intraday trading. - Highlights: • Insights into intraday trading: trading activity and price development. • Special focus is on characteristics of continuous trading. • Intrinsic problems in the Nordic imbalance pricing scheme are discussed. • Implications regarding balancing of generation from vRES.

  17. A social-ecological analysis of ecosystem services supply and trade-offs in European wood-pastures

    Science.gov (United States)

    Hartel, Tibor

    2018-01-01

    Wood-pastures are complex social-ecological systems (SES), which are the product of long-term interaction between society and its surrounding landscape. Traditionally characterized by multifunctional low-intensity management that enhanced a wide range of ecosystem services (ES), current farm management has shifted toward more intensive farm models. This study assesses the supply of ES in four study areas dominated by managed wood-pastures in Spain, Sweden, and Romania. On the basis of 144 farm surveys and the use of multivariate techniques, we characterize farm management and structure in the study areas and identify the trade-offs in ES supply associated with this management. We link these trade-offs to multiple factors that characterize the landholding: economic, social, environmental, technological, and governance. Finally, we analyze how landholders’ values and perspectives have an effect on management decisions. Results show a differentiated pattern of ES supply in the four study areas. We identified four types of trade-offs in ES supply that appear depending on what is being promoted by the farm management and that are associated with different dimensions of wood-pasture management: productivity-related trade-offs, crop production–related trade-offs, multifunctionality-related trade-offs, and farm accessibility–related trade-offs. These trade-offs are influenced by complex interactions between the properties of the SES, which have a direct influence on landholders’ perspectives and motivations. The findings of this paper advance the understanding of the dynamics between agroecosystems and society and can inform system-based agricultural and conservation policies. PMID:29732404

  18. TRADE, REVENUE AND WELFARE EFFECTS UNDER AN ECONOMIC PARTNERSHIP AGREEMENT BETWEEN BURKINA FASO AND THE EUROPEAN UNION

    Directory of Open Access Journals (Sweden)

    G.O. Onogwu

    2013-02-01

    Full Text Available This study estimates the impact on Burkina Faso of eliminating tariffs on imports from the EU under EPAs, considering trade, revenue and welfare effects. At complete elimination of tariffs on all products imports from trade classification sections (TDC 01-13 from the EU. Burkina Faso is likely to experience both welfare gains and losses depending on the values of imports of each trade classification section in question. The overall welfare effect relative to GDP tends to be very small and positive, but potential tariff revenue losses are enormous even when the country has up to fifteen - twenty-five years in which to implement the tariff reductions, unless with scope for tax substitution. EPAs effects are concentrated on those product sections where trade creation outweighs trade diversion such as Animal products, Vegetable products, Animal/Veg. products, Mineral products, and Textiles products. Besides, product sections with the greatest market opportunities for EU suppliers to displace any of the other suppliers, ECOWAS and/or ROW include sections where trade diversion outweighs trade creation effects, such as prepared foodstuffs, product of chemicals, plastics, raw hides & skin, etc. The sensitive products (SPs to be excluded from tariff removal should include sections in which ECOWAS member nations are suppliers to regional importers so that excluding them as SPs would improve the welfare gain compared to estimates where tariff are removed from those products in which ECOWAS have zero potential. The results at this level of aggregation will provide useful information to the on-going negotiations between ECOWAS and the EU in determining Burkinabe's products to be exempted from tariff removal during EPAs based on the severity of the effects on varied trade classification (TDC sections, among other considerations.

  19. Neutron activation analysis of sixteenth- and seventeenth-century European blue glass trade beads from the eastern Great Lakes area of North America

    International Nuclear Information System (INIS)

    Hancock, R.G.V.; Chafe, A.; Kenyon, I.

    1994-01-01

    Sixteenth- and seventeenth-century European blue glass trade beads from aboriginal sites in the eastern Great Lakes area of North America have been analysed non-destructively using low neutron dose instrumental neutron activation analysis, so that the beads could be returned to their keepers. Dark blue (cobalt-coloured) beads are readily separable from turquoise (copper-coloured) beads. Differences in the chemistries of the turquoise blue beads appear to be useful in separating glass beads from the two centuries. Low calcium, sixteenth-century turquoise beads tend to disintegrate by a leaching of the alkali metals. (Author)

  20. It’s not the Fish that Stinks! EU Trade Relations with Morocco under the Scrutiny of the General Court of the European Union

    Directory of Open Access Journals (Sweden)

    Sandra Hummelbrunner

    2016-09-01

    Full Text Available The EU’s international agreements with Morocco on trade in agricultural and fishery products have drawn criticism due to their application to the disputed territory of Western Sahara, a territory that remains on the list of non-self-governing territories to be decolonised in accordance with the right of self-determination of the indigenous Sahrawi people. Recently, the Sahrawi liberation movement Front Polisario brought an action for annulment before the General Court of the European Union (GC against the Council Decision approving the conclusion of one such agreement, alleging multiple violations of European and international legal norms. Interestingly, although the GC concurred by annulling the Decision insofar as it applies to Western Sahara, it chose to exclusively base its judgment on EU fundamental rights, invoking the EU’s failure to ensure that the fundamental rights of the Sahrawi people were not infringed by applying the agreements to Western Sahara. By summarily setting aside Front Polisario’s other claims, several relevant questions of applicable international and European law, which warrant further discussion, remain. This article examines these questions using the GC’s judgment in Front Polisario, thereby combining general matters of international and European law with the specific circumstances of the EU-Morocco relations and Western Sahara.

  1. The Case-Law of the Court of Justice of the European Communities Concerning the Law of the World Trade Organization and the Autonomy of the European Community in the Implementation of Its Common Commercial Policy

    Directory of Open Access Journals (Sweden)

    Miguel Ángel Cepillo Galvín

    2009-12-01

    Full Text Available In the last years some authors have questioned the autonomy of the European Community when implementing its commercial policy, due to the amount of trade agreements signed by it and especially because of the commitments acquired in the WTO. There is no doubt that the compulsory fulfilment of these commitments is a conditioning factor with regard to the implementation of the Common Commercial Policy, but that doesn’t make the autonomy of the EU disappear in order to put its model of commercial policy into practice. In this respect, it’s necessary to underline the ample discretionary margin in the management of the commercial policy that the Court of Justice of the European Communities recognizes in favour of the EU institutions within the framework of its case-law related to the denial of the direct effect of the WTO agreements, as we analyze in this paper.

  2. Greenhouse gas emission management in the US - current regional initiatives compared with international carbon trading programs

    International Nuclear Information System (INIS)

    Rink, A.G.; Law, S.

    2009-01-01

    In the United States (US) there are currently voluntary reporting programs (EPA Climate Leaders, Carbon Disclosure Project and The Climate Registry), organized market-based trading platforms (Chicago Climate Exchange and The Green Exchange) and proposed regional mandatory cap and trade programs in California, the Northeast, the West and the Midwest. The past success of the US Acid Rain 'cap-and-trade' system market-based format together with the availability of the European Union Emission Trading Scheme to serve as a template for future greenhouse gas regulations is promising as the US can participate in the world wide carbon markets already established. (author)

  3. Sustainability of pasture-based livestock farming systems in the European Mediterranean context: Synergies and trade-offs

    NARCIS (Netherlands)

    Bernués, A.; Ruiz, R.; Olaizola, A.; Villalba, D.; Casasús, I.

    2011-01-01

    The sustainability of livestock farming systems (LFS) in relation to global concerns about climate change, population dynamics and the quality of the agro-ecosystem services that are provided to society and their trade-offs has become a fundamental issue for public and scientific debate. However,

  4. Scheme for generating and transporting THz radiation to the X-ray experimental hall at the European XFEL

    Energy Technology Data Exchange (ETDEWEB)

    Decking, Winfried; Kocharyan, Vitali; Saldin, Evgeni; Zagorodnov, Igor [Deutsches Elektronen-Synchrotron (DESY), Hamburg (Germany); Geloni, Gianluca [European XFEL GmbH, Hamburg (Germany)

    2011-12-15

    The design of a THz edge radiation source for the European XFEL is presented.We consider generation of THz radiation from the spent electron beam downstream of the SASE2 undulator in the electron beam dump area. In this way, the THz output must propagate at least for 250 meters through the photon beam tunnel to the experimental hall to reach the SASE2 X-ray hutches. We propose to use an open beam waveguide such as an iris guide as transmission line. In order to efficiently couple radiation into the iris transmission line, generation of the THz radiation pulse can be performed directly within the iris guide. The line transporting the THz radiation to the SASE2 X-ray hutches introduces a path delay of about 20 m. Since THz pump/X-ray probe experiments should be enabled, we propose to exploit the European XFEL baseline multi-bunch mode of operation, with 222 ns electron bunch separation, in order to cope with the delay between THz and X-ray pulses. We present start-to-end simulations for 1 nC bunch operation-parameters, optimized for THz pump/X-ray probe experiments.Detailed characterization of the THz and SASE X-ray radiation pulses is performed. Highly focused THz beams will approach the high field limit of 1 V/atomic size. (orig.)

  5. Potential gains from CO2 trading in the EU

    DEFF Research Database (Denmark)

    Svendsen, Gert Tinggaard; Vesterdal, Morten

    2003-01-01

    A new Green Paper from the European Commission on emissions trading foresees the setting-up of a CO2 trading system within the EU for the energy sector. Because any such international environmental agreement is self-enforcing, the participants must have an economic net gain from joining the propo......A new Green Paper from the European Commission on emissions trading foresees the setting-up of a CO2 trading system within the EU for the energy sector. Because any such international environmental agreement is self-enforcing, the participants must have an economic net gain from joining...... the proposed system. Our contribution is therefore to follow the Green Paper proposal and investigate whether member countries and the largest industrial boilers in the electricity sector actually will get significant net gains from CO2 trade in the European Union rather than undertaking domestic actions...... solely. We show, based on PRIMES model, that a full CO2 emission trading system between Annex B countries suggest overall cost savings in the order of 40 % compared to a situation with no trading at all between Member States. A tradable CO2 permit scheme with comprehensive coverage of emissions within...

  6. Trading CO2 emission; Verhandelbaarheid van CO2-emissies

    Energy Technology Data Exchange (ETDEWEB)

    De Waal, J.F.; Looijenga, A.; Moor, R.; Wissema, E.W.J. [Afdeling Energie, Ministerie van VROM, The Hague (Netherlands)

    2000-06-01

    Systems for CO2-emission trading can take many shapes as developments in Europe show. European developments for emission trading tend to comprehend cap and-trade systems for large emission sources. In the Netherlands a different policy is in preparation. A trading system for sheltered sectors with an option to buy reductions from exposed sectors will be further developed by a Commission, appointed by the minister of environment. Exposed sectors are committed to belong to the top of the world on the area of energy-efficiency. The authors point out that a cap on the distribution of energy carriers natural gas, electricity and fuel seems to be an interesting option to shape the trade scheme. A cap on the distribution of electricity is desirable, but not easy to implement. The possible success of the system depends partly on an experiment with emission reductions. 10 refs.

  7. The surprisingly small but increasing role of international agricultural trade on the European Union’s dependence on mineral phosphorus fertiliser

    Science.gov (United States)

    Nesme, Thomas; Roques, Solène; Metson, Geneviève S.; Bennett, Elena M.

    2016-02-01

    Phosphorus (P) is subject to global management challenges due to its importance to both food security and water quality. The European Union (EU) has promoted policies to limit fertiliser over-application and protect water quality for more than 20 years, helping to reduce European P use. Over this time period, the EU has, however, become more reliant on imported agricultural products. These imported products require fertiliser to be used in distant countries to grow crops that will ultimately feed European people and livestock. As such, these imports represent a displacement of European P demand, possibly allowing Europe to decrease its apparent P footprint by moving P use to locations outside the EU. We investigated the effect of EU imports on the European P fertiliser footprint to better understand whether the EU’s decrease in fertiliser use over time resulted from P demand being ‘outsourced’ to other countries or whether it truly represented a decline in P demand. To do this, we quantified the ‘virtual P flow’ defined as the amount of mineral P fertiliser applied to agricultural soils in non-EU countries to support agricultural product imports to the EU. We found that the EU imported a virtual P flow of 0.55 Tg P/yr in 1995 that, surprisingly, decreased to 0.50 Tg P/yr in 2009. These results were contrary to our hypothesis that trade increases would be used to help the EU reduce its domestic P fertiliser use by outsourcing its P footprint abroad. Still, the contribution of virtual P flows to the total P footprint of the EU has increased by 40% from 1995 to 2009 due to a dramatic decrease in domestic P fertiliser use in Europe: in 1995, virtual P was equivalent to 32% of the P used as fertiliser domestically to support domestic consumption but jumped to 53% in 2009. Soybean and palm tree products from South America and South East Asia contributed most to the virtual P flow. These results demonstrate that, although policies in the EU have successfully

  8. Reconfiguring trade mark law

    DEFF Research Database (Denmark)

    Elsmore, Matthew James

    2013-01-01

    -border setting, with a particular focus on small business and consumers. The article's overall message is to call for a rethink of received wisdom suggesting that trade marks are effective trade-enabling devices. The case is made for reassessing how we think about European trade mark law.......First, this article argues that trade mark law should be approached in a supplementary way, called reconfiguration. Second, the article investigates such a reconfiguration of trade mark law by exploring the interplay of trade marks and service transactions in the Single Market, in the cross...

  9. The GEOFAR Project - Geothermal Finance and Awareness in Europeans Regions - Development of new schemes to overcome non-technical barriers, focusing particularly on financial barriers

    Science.gov (United States)

    Poux, Adeline; Wendel, Marco; Jaudin, Florence; Hiegl, Mathias

    2010-05-01

    Numerous advantages of geothermal energy like its widespread distribution, a base-load power and availability higher than 90%, a small footprint and low carbon emissions, and the growing concerns about climate changes strongly promote the development of geothermal projects. Geothermal energy as a local energy source implies needs on surface to be located close to the geothermal resource. Many European regions dispose of a good geothermal potential but it is mostly not sufficiently developed due to non-technical barriers occurring at the very early stages of the project. The GEOFAR Project carried out within the framework of EU's "Intelligent Energy Europe" (IEE) program, gathers a consortium of European partners from Germany, France, Greece, Spain and Portugal. Launched in September 2008, the aim of this research project is to analyze the mentioned non-technical barriers, focusing most particularly on economic and financial aspects. Based on this analysis GEOFAR aims at developing new financial and administrative schemes to overcome the main financial barriers for deep geothermal projects (for electricity and direct use, without heat pumps). The analysis of the current situation and the future development of geothermal energy in GEOFAR target countries (Germany, France, Greece, Spain, Portugal, Slovakia, Bulgaria and Hungary) was necessary to understand and expose the diverging status of the geothermal sector and the more and less complicated situation for geothermal projects in different Europeans Regions. A deeper analysis of 40 cases studies (operating, planned and failed projects) of deep geothermal projects also contributed to this detailed view. An exhaustive analysis and description of financial mechanisms already existing in different European countries and at European level to support investors completed the research on non-technical barriers. Based on this profound analysis, the GEOFAR project has made an overview of the difficulties met by project

  10. Neutron activation analysis of AD 1660-1930 European copper-coloured blue glass trade beads from Ontario, Canada

    International Nuclear Information System (INIS)

    Kenyon, I.; Hancock, R.G.V.; Aufreiter, S.

    1995-01-01

    Blue glass trade beads from well-dated late seventeenth- to early twentieth-century sites and collections have been analysed non-destructively by instrumental neutron activation analysis. The beads display enough variations in their elemental contents to allow us to characterize the different chemistries. The implication of these results is that similar chemical analyses of blue beads from undated archaeological sites may be used to help date the sites, since each bead chemistry has a specific earliest period. (author)

  11. Trading in the rain. Rainfall and European power sector emissions. Research note no. 9; Trading in the rain. Precipitations et emissions du secteur electrique europeen. Note d'etude n.9

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-07-01

    Analysts often say that temperature and rainfall have an impact on the price of CO{sub 2}, as they influence the conditions of electric power supply and demand. Rainfall mainly affects the capacity of hydropower production, the third largest source of electricity in Europe and by far the leading source of renewable energy. The variability of hydroelectric volumes is indeed usually offset by other, higher-emitting sources of electricity, which has repercussions on the European allowances trading market. In 2005, rainfall was unusually low in several European countries: in the Iberian peninsula and in France, drought is believed to have brought about a rise of approximately 15 Mt CO{sub 2} in power sector emissions. In contrast, hydrological conditions were particularly good in the Nordic countries, allowing them to reduce CO{sub 2} emissions in the region as a whole through hydropower-based exports. The additional allowances demand would therefore have been 'only' about 9 Mt CO{sub 2}. To make the interaction with the CO{sub 2} market easier to understand, an indicator of rainfall in Europe must include this compensating phenomenon resulting from the heterogeneity of the climatic conditions and volumes produced in Europe.

  12. Trading in the rain. Rainfall and European power sector emissions. Research note no. 9; Trading in the rain. Precipitations et emissions du secteur electrique europeen. Note d'etude n.9

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-07-01

    Analysts often say that temperature and rainfall have an impact on the price of CO{sub 2}, as they influence the conditions of electric power supply and demand. Rainfall mainly affects the capacity of hydropower production, the third largest source of electricity in Europe and by far the leading source of renewable energy. The variability of hydroelectric volumes is indeed usually offset by other, higher-emitting sources of electricity, which has repercussions on the European allowances trading market. In 2005, rainfall was unusually low in several European countries: in the Iberian peninsula and in France, drought is believed to have brought about a rise of approximately 15 Mt CO{sub 2} in power sector emissions. In contrast, hydrological conditions were particularly good in the Nordic countries, allowing them to reduce CO{sub 2} emissions in the region as a whole through hydropower-based exports. The additional allowances demand would therefore have been 'only' about 9 Mt CO{sub 2}. To make the interaction with the CO{sub 2} market easier to understand, an indicator of rainfall in Europe must include this compensating phenomenon resulting from the heterogeneity of the climatic conditions and volumes produced in Europe.

  13. A look at the European domestic and foreign energy policy

    International Nuclear Information System (INIS)

    Lesourne, J.

    2008-01-01

    After having defined the main characteristics of energy considered as a good (a private good, a product of first necessity, a redistributed product, a strategic good), the author presents the actors of the European energy policy: European authorities, member state governments, firms (operators and big consumers), and households. He presents the European domestic energy policy which comprises three main themes: the creation of a domestic market, the taking of government commitments for 2020 into account, and the emission trading scheme. He identifies and comments the three main objectives of the European foreign energy policy: supply security, struggle against climate change, and support to the less developed countries

  14. The Economic Impact of the European Integration on the Netherlands. A Quantitative Analysis of Foreign Trade and Foreign Direct Investments

    NARCIS (Netherlands)

    Földvári, P.

    2006-01-01

    The main objective and motivation of this thesis is to provide the reader with a quantitative analysis focusing on the impact of the European Integration on the Netherlands exclusively. To this end, two major and one minor research questions are addressed. The first main question focuses on the

  15. Implementing greenhouse gas trading in Europe. Lessons from economic literature and international experiences

    International Nuclear Information System (INIS)

    Boemare, Catherine; Quirion, Philippe

    2002-01-01

    The European Commission (document COM (2001) 581) has recently presented a directive proposal to the European Parliament and Council in order to implement a greenhouse gas emission trading scheme. If this proposal survives the policy process, it will create the most ambitious trading system ever implemented. However, the legislative process is an opportunity for various interest groups to amend environmental policies, which as a result generally deviate further from what economic literature proposes. A close look at implemented emission trading schemes, stressing their discrepancies with economic literature requests, is thus useful to increase the chances of forthcoming emission trading schemes to go through the political process. We thus review ten emission trading systems, which are either implemented or at an advanced stage of the policy process. We draw attention to major points to be aware of when designing an emission trading system: sectoral and spatial coverage, permits allocation, temporal flexibility, trading organisation, monitoring, enforcement, compliance, and the harmonisation vs. subsidiarity issue. The aim is to evaluate how far experiences in emission trading move away from theory and why. We then provide some lessons and recommendations on how to implement a greenhouse gas emission trading program in Europe. We identify some pros of the Commission proposal (spatial and sectoral coverage, temporal flexibility, trading organisation, compliance rules), some potential drawbacks (allocation rules, monitoring and enforcement) and items on which further guidance is needed (monitoring and allocation rules). Lastly, the European Commission should devote prominent attention to the US NO X Ozone Transport Commission budget program, as the only example of integration between the federal and state levels

  16. On the transition from tin-rich to antimony-rich European white soda-glass trade beads for the Senecas of Northeastern North America

    International Nuclear Information System (INIS)

    Sempowski, M.L.; Nohe, A.W.; Moreau, J.F.; Karklins, K.; Aufreiter, S.; Toronto Univ. ON; Hancock, R.G.V.; Royal Military College, Kingston, ON

    2000-01-01

    It has been shown that several modifications occurred, over the span of the 17th to 19th centuries, in the agents used to opacify European-made white soda-glass beads that were transmitted as trade goods to northeastern North America. Tin was used at the beginning of the 17th century, followed by Sb later in the century, and then by As during the 18th and 19th centuries. In an attempt to define more closely the transition from Sn-rich to Sb-rich white beads, 198 white glass beads from a number of archaeological sites in western New York State were analyzed. It was shown that the arrival of Sb-white soda-glass trade beads began in this region during the period from approximately A.D. 1625-1640, and that they had completely replaced Sn-white beads by A.D. 1675. Specific bead chemistries link a number of the archaeological sites. (author)

  17. The independence principle for the subject of administration of stock trading companies. Comparative study of European legislation

    Directory of Open Access Journals (Sweden)

    Dragoş-Mihail Daghie

    2009-06-01

    Full Text Available One of the main contemporary reforms of the trading companies in Romania has been realized through Lawno. 441/2006, through which, besides the introduction of corporatist government principles, other legislations and otherconceptions of absolute novelty have been transplanted. Among these new principles there is also the independentadministrator, which founds its regulation in art. 1382 from Law no. 31/1990 according to which „through the constitutivepaper or through the decision of the general assembly of the stock holders, can foresee that one or more members of theadministration committee to be independent”. The appointment of some independent administrators represents putting inapplication of the principles of the Organization for Cooperation and Economical Development concerning newcorporatist governing concepts by implementing of some fundamental rights of the stock holders, rights that the stockholders detain apart from their participation to the social capital. In Romania, in comparison with countries like England,France, Spain, Germany, where the corporative governing has reached another implementation level, the new principlesbrought in the life of the stock trading company, concerning its management, is at the beginning of the road; the next stepis to confirm or, on the contrary, contest their necessity.

  18. Analysis of Ecosystem Service Supply, Trade-Offs and Soical-Ecological Interactions in European Wood-Pastures

    DEFF Research Database (Denmark)

    Torralba Viorreta, Mario

    (Östergötland in Sweden, Southern Transylvania in Romania, Llanos de Trujillo in Spain and La Serena in Spain). The thesis provides an understanding of the dynamics and mechanisms interacting in the generation of ecosystem services in European wood-pastures, and the factors that govern this supply. The results...... show that wood-pastures offer a wide range of ecosystem services, which is due to, on the one hand, the high multifunctionality that characterizes them and, on the other hand, the multiple socio-cultural values they host. However, the specific interactions between the social and ecological components...

  19. The electric power trading. The stakes and forecasts of the electric power trading at the time of Enron's failure

    International Nuclear Information System (INIS)

    2002-10-01

    This study on the electric power trading analyzes the Change and trading mechanisms, the trading part in the european market, identifies the risk and the opportunities of the trading and analyzes the enterprises mastership. (A.L.B.)

  20. Swedish Industry and Kyoto. An Assessment of the Effects of the European CO2 Emission Permit Trading System

    International Nuclear Information System (INIS)

    Braennlund, Runar; Lundgren, Tommy

    2005-01-01

    We assess the effects on Swedish industry input and output demands of different climate policy scenarios connected to energy policy induced by the Kyoto protocol. A unique data set containing firm level data on outputs and inputs during the years 1991-2001 is used to estimate a factor demand model, which is then simulated for different policy scenarios. Sector specific estimation suggests that the proposed quadratic profit function specification exhibit properties and robustness that are consistent with economic theory; that is, all own-price elasticities are negative and all output elasticities are positive. Furthermore, the elasticities show that the input demands are, in most cases, relatively inelastic. Simulation of the model for 6 different policy scenarios reveal that the effects on Swedish base industry of a EU level permit trade system is dependent on (i) removal or no removal of current CO 2 tax, (ii) the established price of permits, and (iii) what will happen to the electricity price. Our analysis show that changes in electricity price may be more important than the price of permits for some sectors

  1. Swedish industry and Kyoto - An assessment of the effects of the European CO2 emission trading system

    International Nuclear Information System (INIS)

    Braennlund, Runar; Lundgren, Tommy

    2007-01-01

    We assess the effects on Swedish industry input demands and output of different climate policy scenarios connected to energy policy induced by the Kyoto protocol. We use a unique dataset containing firm-level data on outputs and inputs between 1991 and 2001 to estimate a factor demand model, which we use to simulate different policy scenarios. Sector-specific estimation suggests that the proposed quadratic profit function specification exhibits properties and robustness that are consistent with economic theory; that is, all own-price elasticities are negative and all output elasticities are positive. Furthermore, the elasticities show that the input demands are, in most cases, relatively inelastic. Simulation of the model for six different policy scenarios reveal that effects on the Swedish base industry of a EU-level permit-trading system depends on (i) the removal or maintenance of the current CO 2 tax, (ii) the price of permits, and (iii) the future price of electricity. Our analysis shows that changes in electricity price may be more important than the price of permits for some sectors. (author)

  2. Information and training on radiation protection for trade union representatives from the nine Member States of the European Communities

    International Nuclear Information System (INIS)

    1979-01-01

    As part of its training and information programme on radiation protection, the Directorate-General for Employment and Social Affairs (Health and Safety Directorate) organized for the third and fourth time (in October 1977 and 1978) seminars on radiation protection on behalf of trade union representatives from the nine Member States; the seminars served in particular as a forum for the exchange of ideas and experiences. The present volume reproduces the papers read on those occasions, covering the following topics: the independence of radiaton protection units; training and information in radiation protection; analysis of the main innovations in radiological protection concepts emerging from ICRP Publication No 26; the protection of occasionally exposed workers; the work of the United Nations Scientific Committee on the Effects of Atomic Radiation; the concept of optimization; future developments in dosimetry. Although the publication is destined mainly for the participants in the two meetings, the information it contains may also be of use to anyone interested in the problems of radiation protection and the spreading of knowledge in this field

  3. Efficiency of European emissions markets: Lessons and implications

    International Nuclear Information System (INIS)

    Krishnamurti, Chandrasekhar; Hoque, Ariful

    2011-01-01

    While prior studies have shown that emission rights and futures contracts on emission rights are efficiently priced, there are no studies on the efficiency of the options market. Therefore, this study fills the gap. We examine empirical evidence regarding the efficiency of the options market for emissions rights in Europe. We employ the put-call parity approach to test the efficiency of options on emission rights traded in the European market. This implies that firms can trade options on emission rights in addition to other existing strategies in order to manage their greenhouse gas emissions. - Highlights: → Efficiency of the European options market for emissions. → Design implications for the development of emissions trading schemes in other countries. → Governance issues pertaining to emissions trading.

  4. Cross-border electricity market effects due to price caps in an emission trading system : An agent-based approach

    NARCIS (Netherlands)

    Richstein, J.C.; Chappin, E.J.L.; De Vries, L.J.

    2014-01-01

    The recent low CO2 prices in the European Union Emission Trading Scheme (EU ETS) have triggered a discussion whether the EU ETS needs to be adjusted. We study the effects of CO2 price floors and a price ceiling on the dynamic investment pathway of two interlinked electricity markets (loosely based

  5. Main Directions of Increasing Efficiency of Foreign Trade Activities of the Fishing Industry of the European North

    Directory of Open Access Journals (Sweden)

    Anatolii Mikhailovich Vasil’ev

    2015-09-01

    Full Text Available Analysis of the List of Orders of the Russian Federation President Vladimir Putin has shown that many priority challenges of the fishing industry development, including promotion of fish production with a high degree of processing and its exports have not been solved. Analysis of exports of cod, haddock and saithe from Russia (Murmansk Oblast and Norway proves that there is a wider range of products from Norway with high added value. The unit cost of the same products from Norway is also significantly higher. The consequence of these factors is the low unit cost of Russian exports, compared to Norwegian. For 2009–2013 the average unit cost of cod is lower by 2.66 US dollars (47.9%, of haddock – by 0.23 US dollars (10.6%. The article estimates foreign currency revenues, which were not fully received due to the reasons mentioned above. The author points out key directions of increase of economic efficiency of Russian exports of cod, haddock and saithe: 1. Change in the access of economic agents to marketable resources by stimulating the obtainment of larger quotas of biological resources at the expense of profit ratio. 2. Establishment of an organization for the export of fish products. The purpose of the organization is to study international markets, to regulate foreign trade activities and perform other functions as set forth above, in accordance with the Russian legislation. 3. Exclusion of intermediaries in the sales of fish products by organizing electronic auctions. 4. Prohibition of using fishery products for the payment of loans obtained from foreign banks. 5. Use of trawlers that are not able to produce products with added value, to provide fish processing enterprises of Russia with fish resources

  6. Sectoral agreements and competitive distortions - a Swedish perspective; Effects of EU Emissions Trading System for European industry

    Energy Technology Data Exchange (ETDEWEB)

    Zetterberg, Lars; Holmgren, Kristina

    2009-03-15

    sector approaches to be discussed under the Ad-hoc Working Group on future commitments for Annex I Parties under the Kyoto Protocol (AWG-KP): i) Sector CDM - a CDM crediting mechanism with a previously established baseline ii) Sectoral no-lose mechanism - Sectoral crediting against a previously established no-lose target iii) Sectoral emission trading based on a sector emissions cap Based on these three sectoral models, we have analysed what parameters are important for reducing competition distortion for Swedish industry. We have assumed that these sector agreements are implemented in a developing country (DC). We conclude that if sector agreements are to reduce distortions on competition, it is important that the sector agreements create a real carbon price in the DC, i.e. that emissions of carbon dioxide are associated with a cost for the emitter. All three sector agreement-models suggested by the EU can potentially create a carbon price. The driver for emission reductions are in all three cases the international demand for offsets. As a potentially large buyer of off-sets, the EU demand for off-sets is likely to increase the carbon price in the DC sector. The choice of EU policy with respect to imports of off-set will therefore have great importance. Other buyers, such as other countries, emission trading systems or the voluntary credit market will of course also be important. Moreover, imports of off-sets may reduce the price on EU ETS allowances, thus further narrowing the carbon price gap between the two markets. If an important objective of a sectoral agreement is to reduce competition distortion it should be implemented in sectors where the corresponding Swedish industry has significant carbon related costs and where there is significant trade intensity between Sweden and regions outside the EU. Our preliminary analysis indicates that Swedish sectors with potentially high maximum value at stake are Refineries; Pulp and Paper; Iron and Steel; Cement and Lime; and

  7. Why Does Emissions Trading under the EU ETS Not Affect Firms' Competitiveness? Empirical Findings from the Literature

    OpenAIRE

    Joltreau, Eugénie; Sommerfeld, Katrin

    2017-01-01

    Environmental policies may have important consequences for firms’ competitiveness or profitability. However, the empirical literature shows that hardly any statistically significant effects on firms can be detected for the European Union Emissions Trading Scheme (EU ETS). On the basis of existing literature, we focus on potential explanations for why the empirical literature finds hardly any significant competitiveness effects on firms, least not during the first two phases of the scheme (...

  8. Culture and the qualitative characteristics of financial information: an empirical study of firms traded on different European stockmarkets

    Directory of Open Access Journals (Sweden)

    Nuno Miguel Barroso Rodrigues

    2016-12-01

    Full Text Available This research investigates the possible existence of an association between the cultural values proposed by Gray (1988 and the qualitative characteristics of financial reporting found in the  Review of the Conceptual Framework for Financial Reporting jointly developed by the Financial Accounting Standards Board (FASB and the International Accounting Standards Board (IASB. Data was collected from the annual reports and consolidated accounts for 2013 and 2014 disclosed by non-financial firms listed in the following stock indexes for  financial markets of the European Union: PSI-20, IBEX-35, FTSE-100, DAX-30 and OMX-S30. After screening for determined selection criteria, the final population of this study was made up of 137 entities. Content analysis was carried out and, after applying the Mann-Whitney-U test, findings suggest that conservatism is negatively associated with the relevance of financial information. The assessment of the impact of culture on the process of international convergence, as well as the elements associated with this question, are among  the scientific contributions of this study.

  9. Does EU ETS lead to emission reductions through trade? The case of the Swedish emissions trading sector participants

    International Nuclear Information System (INIS)

    Sandoff, Anders; Schaad, Gabriela

    2009-01-01

    The first trading period of the European Emissions Trading Scheme (EU ETS) has recently come to an end. The experiences of the actors in the trading sector will be of great importance in evaluating the aim and direction of this 'Grand Policy Experiment'. This paper gives an account of the attitudes and actions of the companies included in the Swedish emissions trading sector after about 15 months of experience with the system. The data are based on a study commissioned by the Swedish Environmental Protection Agency, and is a comprehensive survey that encompasses all companies operating installations included in the Swedish Emission Trading Registry. However, the results point in a somewhat disquieting direction. Although the Swedish companies have shown significant interest in reducing emissions, this survey indicates that this is done without close attention to the pricing mechanism of the market-based instruments. If this praxis is widespread within the European trading sector, it can have a serious negative effect on the efficiency of the system.

  10. BP's emissions trading system

    International Nuclear Information System (INIS)

    Victor, David G.; House, Joshua C.

    2006-01-01

    Between 1998 and 2001, BP reduced its emissions of greenhouse gases by more than 10%. BP's success in cutting emissions is often equated with its use of an apparently market-based emissions trading program. However no independent study has ever examined the rules and operation of BP's system and the incentives acting on managers to reduce emissions. We use interviews with key managers and with traders in several critical business units to explore the bound of BP's success with emissions trading. No money actually changed hands when permits were traded, and the main effect of the program was to create awareness of money-saving emission controls rather than strong price incentives. We show that the trading system did not operate like a 'textbook' cap and trade scheme. Rather, the BP system operated much like a 'safety valve' trading system, where managers let the market function until the cost of doing so surpassed what the company was willing to tolerate

  11. The Climate-Energy package: Usage and impact of offsets in the European Union

    International Nuclear Information System (INIS)

    Galharret, S.

    2009-09-01

    This paper aims at clarifying the current European dispositions on the quantity of allowable carbon emission 'offsets' over the 2008-2012 and 2012-2020 periods, as well as the implications on the level of the European reduction effort with respect to a unilateral path of de-carbonation of economy by 2020. The author makes a distinction between sectors submitted or not to the Emission Trading Scheme (ETS)

  12. International proposal for an acoustic classification scheme for dwellings

    DEFF Research Database (Denmark)

    Rasmussen, Birgit

    2014-01-01

    Acoustic classification schemes specify different quality levels for acoustic conditions. Regulations and classification schemes for dwellings typically include criteria for airborne and impact sound insulation, façade sound insulation and service equipment noise. However, although important...... classes, implying also trade barriers. Thus, a harmonized classification scheme would be useful, and the European COST Action TU0901 "Integrating and Harmonizing Sound Insulation Aspects in Sustainable Urban Housing Constructions", running 2009-2013 with members from 32 countries, including three overseas...... for quality of life, information about acoustic conditions is rarely available, neither for new or existing housing. Regulatory acoustic requirements will, if enforced, ensure a corresponding quality for new dwellings, but satisfactory conditions for occupants are not guaranteed. Consequently, several...

  13. Sound classification of dwellings – A diversity of national schemes in Europe

    DEFF Research Database (Denmark)

    Rasmussen, Birgit

    2011-01-01

    Sound classification schemes for dwellings exist in ten countries in Europe, typically prepared and published as national standards. The schemes define quality classes intended to reflect different levels of acoustical comfort. The main criteria concern airborne and impact sound insulation between...... dwellings, facade sound insulation and installation noise. This paper presents the sound classification schemes in Europe and compares the class criteria for sound insulation between dwellings. The schemes have been implemented and revised gradually since the early 1990s. However, due to lack...... constructions fulfilling different classes. The current variety of descriptors and classes also causes trade barriers. Thus, there is a need to harmonize characteristics of the schemes, and a European COST Action TU0901 "Integrating and Harmonizing Sound Insulation Aspects in Sustainable Urban Housing...

  14. The European Federation of Organisations for Medical Physics Policy Statement No. 6.1: Recommended Guidelines on National Registration Schemes for Medical Physicists

    OpenAIRE

    Christofides, S; Isidoro, J; Pesznyak, C; Bumbure, L; Cremers, Fn; Schmidt, WF

    2016-01-01

    This EFOMP Policy Statement is an update of Policy Statement No. 6 first published in 1994. The present version takes into account the European Union Parliament and Council Directive 2013/55/EU that amends Directive 2005/36/EU on the recognition of professional qualifications and the European Union Council Directive 2013/59/EURATOM laying down the basic safety standards for protection against the dangers arising from exposure to ionising radiation. The European Commission Radiation Protection...

  15. Study on analysis of potential competition and discrimination issues relating to a pilot project for an EU tax consolidation scheme for the European Company statute (Societas Europaea)

    OpenAIRE

    Deloitte

    2004-01-01

    Would a specific tax regime that i) grants to companies formed under the European Company Statute the possibility to or ii) requires companies formed under the European Company Statute to establish the consolidated tax base for their EU wide activities according to one set of rules(either European or that of their ?home state?) and does not provide this possibility for companies which are run under a different legal form discriminate against these latter companies and/or provide state aid to ...

  16. European Community.

    Science.gov (United States)

    1987-05-01

    The European Community was established in 1951 to reconcile France and Germany after World War II and to make possible the eventual federation of Europe. By 1986, there were 12 member countries: France, Italy, Belgium, the Federal Republic of Germany, Luxembourg, the Netherlands, Denmark, Ireland, the United Kingdom, Greece, Spain, and Portugal. Principal areas of concern are internal and external trade, agriculture, monetary coordination, fisheries, common industrial and commercial policies, assistance, science and research, and common social and regional policies. The European Community has a budget of US$34.035 billion/year, funded by customs duties and 1.4% of each member's value-added tax. The treaties establishing the European Community call for members to form a common market, a common customs tariff, and common agricultural, transport, economic, and nuclear policies. Major European Community institutions include the Commission, Council of Ministers, European Parliament, Court of Justice, and Economic and Social Committee. The Community is the world's largest trading unit, accounting for 15% of world trade. The 2 main goals of the Community's industrial policy are to create an open internal market and to promote technological innovation in order to improve international competitiveness. The European Community aims to contribute to the economic and social development of Third World countries as well.

  17. Stochastic Differential Equation Models for the Price of European CO2 Emissions Allowances

    Directory of Open Access Journals (Sweden)

    Wugan Cai

    2017-02-01

    Full Text Available Understanding the stochastic nature of emissions allowances is crucial for risk management in emissions trading markets. In this study, we discuss the emissions allowances spot price within the European Union Emissions Trading Scheme: Powernext and European Climate Exchange. To compare the fitness of five stochastic differential equations (SDEs to the European Union allowances spot price, we apply regression theory to obtain the point and interval estimations for the parameters of the SDEs. An empirical evaluation demonstrates that the mean reverting square root process (MRSRP has the best fitness of five SDEs to forecast the spot price. To reduce the degree of smog, we develop a new trading scheme in which firms have to hand many more allowances to the government when they emit one unit of air pollution on heavy pollution days, versus one allowance on clean days. Thus, we set up the SDE MRSRP model with Markovian switching to analyse the evolution of the spot price in such a scheme. The analysis shows that the allowances spot price will not jump too much in the new scheme. The findings of this study could contribute to developing a new type of emissions trading.

  18. Explaining European Emission Allowance Price Dynamics: Evidence from Phase II

    OpenAIRE

    Wilfried Rickels; Dennis Görlich; Gerrit Oberst

    2010-01-01

    In 2005, the European Emission Trading Scheme (EU-ETS) established a new commodity: the right to emit a ton of CO2 (EUA). Since its launch, the corresponding price has shown rather turbulent dynamics, including nervous reactions to policy announcements and a price collapse after a visible over-allocation in Phase I. As a consequence, the question whether fundamental factors (fossil fuel prices, economic activity, weather) affect the EUA price remained partially unresolved. Today, being halfwa...

  19. Assessment of emission trading impacts on competitive electricity market price

    DEFF Research Database (Denmark)

    Singh, S.N.; Saxena, D.; Østergaard, Jacob

    2011-01-01

    analyzes the impact of electricity prices in the competitive electricity markets having a uniform market clearing price mechanism. Findings - It is found that the electricity prices depend on the system loading, generation mix, etc. at a particular hour. Various emission trading instruments are discussed...... side emission trading impact on electricity prices in the competitive power market. Design/methodology/approach - Various schemes are suggested and are being implemented to achieve this objective. It is expected that electricity price will increase due to imposition of emission taxes. This paper...... with a special emphasis on the European market. Research limitations/implications - Block bidding of the suppliers is considered whereas the demand is assumed to be inelastic. Originality/value - The emission trading impacts are analyzed on a simple example....

  20. Trends in the location of the European car industry from an analysis of trade in parts and components; Tendencias en la localizacion de la industria Europea de automocion. Un analisis a partir del comercio de partes y componentes

    Energy Technology Data Exchange (ETDEWEB)

    Blazquez Gomez, L.; Diaz Mora, C.; Gandoy Juste, R.

    2010-07-01

    The object of this paper is to study the changes in location and specialization in the European automotive industry since the mid-nineties. The analysis is based on the examination of trade flows, distinguishing between final goods and parts and components, and on the delimitation of revealed comparative advantages for those countries leading the European industry. The results show the significance of the European production networks and the increasing new Eastern member countries role in them. Besides, they allow us to establish the main participant countries competitive position in those networks. As far as the Spanish industry is concerned, two aspects must be pointed out. On the one hand, the decrease in the advantages in cars assembly although the specialization in industrial motor vehicles maintains. And on the other hand, the competitive capacity showed by some auxiliary car industries. (Author) 22 refs.

  1. Trade Policy

    OpenAIRE

    Murray Gibbs

    2007-01-01

    In an otherwise insightful and thoughtful article, Sebastian Pfotenhauer (Trade Policy Is Science Policy,” Issues, Fall 2013) might better have entitled his contribution “Trade Policy Needs to Be Reconciled with Science Policy.” The North American Free Trade Agreement (NAFTA) and the agreements administered by the World Trade Organization, particularly the General Agreement on Tariffs and Trade (GATT) and the Technical Barriers to Trade (TBT), were adopted to promote international trade and i...

  2. Extension of self-seeding scheme with single crystal monochromator to lower energy <5 keV as a way to generate multi-TW scale pulses at the European XFEL

    Energy Technology Data Exchange (ETDEWEB)

    Geloni, Gianluca [European XFEL GmbH, Hamburg (Germany); Kocharyan, Vitali; Saldin, Evgeni [Deutsches Elektronen-Synchrotron (DESY), Hamburg (Germany)

    2012-07-15

    We propose a use of the self-seeding scheme with single crystal monochromator to produce high power, fully-coherent pulses for applications at a dedicated bio-imaging beamline at the European X-ray FEL in the photon energy range between 3.5 keV and 5 keV. We exploit the C(111) Bragg reflection ({pi}-polarization) in diamond crystals with a thickness of 0.1 mm, and we show that, by tapering the 40 cells of the SASE3 type undulator the FEL power can reach up to 2 TW in the entire photon energy range. The present design assumes the use of a nominal electron bunch with charge 0.1 nC at nominal electron beam energy 17.5 GeV. The main application of the scheme proposed in this work is for single shot imaging of individual protein molecules. (orig.)

  3. Extension of self-seeding scheme with single crystal monochromator to lower energy <5 keV as a way to generate multi-TW scale pulses at the European XFEL

    International Nuclear Information System (INIS)

    Geloni, Gianluca; Kocharyan, Vitali; Saldin, Evgeni

    2012-07-01

    We propose a use of the self-seeding scheme with single crystal monochromator to produce high power, fully-coherent pulses for applications at a dedicated bio-imaging beamline at the European X-ray FEL in the photon energy range between 3.5 keV and 5 keV. We exploit the C(111) Bragg reflection (π-polarization) in diamond crystals with a thickness of 0.1 mm, and we show that, by tapering the 40 cells of the SASE3 type undulator the FEL power can reach up to 2 TW in the entire photon energy range. The present design assumes the use of a nominal electron bunch with charge 0.1 nC at nominal electron beam energy 17.5 GeV. The main application of the scheme proposed in this work is for single shot imaging of individual protein molecules. (orig.)

  4. International Trade of Biofuels (Brochure)

    Energy Technology Data Exchange (ETDEWEB)

    2013-05-01

    In recent years, the production and trade of biofuels has increased to meet global demand for renewable fuels. Ethanol and biodiesel contribute much of this trade because they are the most established biofuels. Their growth has been aided through a variety of policies, especially in the European Union, Brazil, and the United States, but ethanol trade and production have faced more targeted policies and tariffs than biodiesel. This fact sheet contains a summary of the trade of biofuels among nations, including historical data on production, consumption, and trade.

  5. The European Federation of Organisations for Medical Physics Policy Statement No. 10.1: Recommended Guidelines on National Schemes for Continuing Professional Development of Medical Physicists.

    Science.gov (United States)

    Christofides, Stelios; Isidoro, Jorge; Pesznyak, Csilla; Cremers, Florian; Figueira, Rita; van Swol, Christiaan; Evans, Stephen; Torresin, Alberto

    2016-01-01

    Continuing Professional Development (CPD) is vital to the medical physics profession if it is to embrace the pace of change occurring in medical practice. As CPD is the planned acquisition of knowledge, experience and skills required for professional practice throughout one's working life it promotes excellence and protects the profession and public against incompetence. Furthermore, CPD is a recommended prerequisite of registration schemes (Caruana et al. 2014) and is implied in the Council Directive 2013/59/EURATOM (EU BSS) and the International Basic Safety Standards (BSS). It is to be noted that currently not all national registration schemes require CPD to maintain the registration status necessary to practise medical physics. Such schemes should consider adopting CPD as a prerequisite for renewing registration after a set period of time. This EFOMP Policy Statement, which is an amalgamation and an update of the EFOMP Policy Statements No. 8 and No. 10, presents guidelines for the establishment of national schemes for CPD and activities that should be considered for CPD. Copyright © 2016. Published by Elsevier Ltd.

  6. Pushing the boundaries of the social: private agri-food standards and the governance of Fair Trade in European public procurement

    OpenAIRE

    Fisher, Eleanor; Sheppard, Hannah

    2013-01-01

    The article explores how fair trade and associated private agri-food standards are incorporated into public procurement in Europe. Procurement law is underpinned by principles of equity, non-discrimination and transparency; one consequence is that legal obstacles exist to fair trade being privileged within procurement practice. These obstacles have pragmatic dimensions, concerning whether and how procurement can be used to fulfil wider social policy objectives or to incorporate private standa...

  7. Emissions Trading: Trends and Prospects

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

    This paper provides the latest developments of announced, proposed and existing greenhouse gas emissions trading schemes (ETS) around the world since 2006. It also examines different potential design options for ETS (e.g. coverage, allocation mode, provision for offsets), and how these options are treated in the existing, announced or proposed schemes.

  8. Impact Of The Ban On Uncovered SCDS Trade On the Interdependencies Between The CDS Market And Other Sectors Of Financial Markets. The Case Of Safe And Developed Versus Risky And Developing European Markets

    OpenAIRE

    Kliber, Agata

    2016-01-01

    The aim of the article is to verify the impact of the ban on uncovered sCDS trade in Europe on the interdependencies between the sCDS market and other sectors of financial markets. We analyse two European markets: the safe and developed Swedish market, and the risky and developing Hungarian one. The study covers the period from October 2008 to October 2013. We analyse changes in the interdependencies between the sCDS market and the bond market, as well as between the sCDS market and the stock...

  9. Emmission trading in EU law. The EU emission trading directive as a new tool in European air pollution abatement policy; Emissionshandel im Gemeinschaftsrecht. Die EG-Emissionshandelsrichtlinie als neues Instrument europaeischer Klimaschutzpolitik

    Energy Technology Data Exchange (ETDEWEB)

    Kerth, Y.

    2004-07-01

    The publication investigates in how far the EU followed up its voiced political intentions to reduce air pollution by legal actions. The climate protection tools of the EU are investigated both from a historical and a structural view. After this analysis of the status quo, the new EU emission trading system is analyzed in detail because of its innovative character. (orig.)

  10. Differentiating between hospitals according to the "maturity'' of quality improvement systems: a new classification scheme in a sample of European hospitals

    NARCIS (Netherlands)

    Lombarts, M. J. M. H.; Rupp, I.; Vallejo, P.; Klazinga, N. S.; Suñol, R.

    2009-01-01

    Aim: This study, part of the Methods of Assessing Response to Quality Improvement Strategies (MARQuIS) research project focusing on cross-border patients in Europe, investigated quality policies and improvement in healthcare systems across the European Union (EU). The aim was to develop a

  11. Information report submitted by the Commission for European Affairs on the reform of the emission allowances market. Nr 4569

    International Nuclear Information System (INIS)

    Leroy, Arnaud

    2017-01-01

    This parliamentary report first proposes a presentation of the European carbon emission allowances market or emission trading scheme (ETS) by recalling the context of its creation, and by describing its operation (a trading platform to reduce CO_2 emission in Europe), and commenting critics which are generally made about this market. Then, the authors present and comment proposals of reform with notably the creation of a reserve fund of stability, and a structural reform of the market. The authors then explain why and how the ETS reform must go beyond that if the European Union wants to meet commitments defined in the Paris agreement

  12. International trade. Multinational aspects.

    Science.gov (United States)

    Ozawa, Y

    2000-01-01

    Of numerous regional economic agreements, the European Union (EU), the North American Free Trade Agreement (NAFTA), South American Common Market (MERCOSUR), the Association of Southeast Asian Nations (ASEAN), the South Asian Association for Regional Cooperation (SAARC) and the Australia-New Zealand Closer Economic Relations Agreement are examples that are actively pursuing regional integration for freer trade of animals and animal products. The World Trade Organization (WTO) believes that regional and multinational integration initiatives are complements rather than alternatives in the pursuit of more open trade. In the efforts to harmonize SPS standards among multilateral trading nations, it is recommended that national requirements meet the standards developed by the OIE and the FAO/WHO Codex Alimentarius Commission as the minimum requirements rather than adopting the standards of the lowest common denominator. Regional grouping may hinder multilateral or bilateral trade between the countries of a group and those of the other groups. How to eliminate such non-tariff barriers as traditional trade custom remains to be examined. Ongoing activities of VICH (Harmonisation of Technical Requirements for Registration of Veterinary Medical Products) may pave the way for more open trade in pharmaceutical products between multilateral regional groups.

  13. Takeover bids and insider trading

    NARCIS (Netherlands)

    Nelemans, Matthijs; Bainbridge, Stephen M.

    2014-01-01

    This paper analyses the law and economics of insider trading in the context of takeover bids, focusing on the European regulatory framework. We distinguish between trading by the bidder, by the target and by classical insiders and first address the issue of precisely when information about potential

  14. Linking GHG Emission Trading Systems and Markets

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-07-01

    Several different types of links are possible between different GHG-mitigation systems. These include: Linking two or more emission trading schemes so that emissions trading can occur both within and between different schemes ('direct links'); and Linking emission trading systems to registries/mechanisms and systems that generate offsets from project based mechanisms or from direct purchases/transfers of AAUs ('indirect links').

  15. The decorative scheme of the Royal Pavilion, Brighton: George IV’s design ideas in the context of European colour theory, 1765 – 1845

    OpenAIRE

    Loske, Alexandra

    2014-01-01

    This thesis investigates the use of colour in the interior decorations of the Royal Pavilion, Brighton. The building was created between 1785 and c.1823 by the Prince of Wales (1762 – 1830), later Prince Regent and George IV. The main aims of the thesis are firstly, to analyse the intense colour scheme of the building and set it in the historical context of colour theory and pigment production, and secondly, to establish to what extent personal tastes and fashion influenced these designs.\\ud ...

  16. Development of a pathway model to assess the exposure of European pine trees to pine wood nematode via the trade of wood

    NARCIS (Netherlands)

    Douma, J.C.; Werf, Van Der W.; Hemerik, L.; Magnusson, C.; Robinet, C.

    2017-01-01

    Pine wood nematode (PWN), Bursaphelenchus xylophilus, is a threat for pine species (Pinus spp.) throughout the world. The nematode is native to North America, and invaded Japan, China, Korea, and Taiwan, and more recently Portugal and Spain. PWN enters new areas through trade in wood products. Once

  17. Renewable Energy Policy Fact sheet - European Union

    International Nuclear Information System (INIS)

    2017-09-01

    The EurObserv'ER policy profiles give a snapshot of the renewable energy policy in the EU Member States. The European Union aims to achieve a 20% share (with legally binding national targets) of its final energy consumption from RES by 2020, and at least a 27% share (not broken down into nationally binding targets) by 2030. Key instruments at EU level to promote RES include directives, such as the 2009 Renewable Energy Directive. The EU Emission Trading Scheme (ETS) is also intended to support RES. The European Commission has also adopted state aid guidelines to ensure that support schemes to promote RES at national level are compatible with EU competition law and internal market rules. Further instruments are research, development and innovation funding programmes, such as Horizon2020, the Innovation Fund, and the NER300 programme. RES are also supported through regional development funds as well as through grants and loans for RES projects and related infrastructure from the European Investment Bank (EIB) and the European Fund for Strategic Investments (EFSI). A recast directive on the promotion of RES in the period 2020- 2030 is to be adopted along with governance rules to ensure that the EU-wide RES target for 2030 is met

  18. Insider trading

    International Nuclear Information System (INIS)

    Maslechko, W.S.

    1998-01-01

    The policy arguments for and against prohibiting insider trading within the petroleum industry are discussed. Legal definitions of all relevant terms (e.g. 'special relationship' 'tippees', 'material facts', material changes' 'generally disclosed' information', 'necessary course of business') are provided. Enforcement of insider trading/tipping prohibitions are also defined. The recommended practice is: do not trade; do not tell or advise; encourage timely disclosure; do not speculate; implement a corporate disclosure and trading policy

  19. 19th and early 20th century trade cards about Oceania as tools of information, education and propaganda for European colonial powers

    Directory of Open Access Journals (Sweden)

    Mückler, Hermann

    2016-03-01

    Full Text Available From the mid-19th century on, trade cards became a significant medium not only for advertising consumer products, but also for promoting and distributing political messages such as the idea of colonization. With regard to the Pacific Islands, the article highlights the role of trade cards as a channel to create a specific image of the Pacific Islands as a region worthy to be colonized, missionized and exploited. A core symbol of this idea figured in the South Seas stereotype which was widely used to merge visions of unspoiled, peaceful island societies and dreams of a paradise on earth, with goals of establishing political control over the islands in the context of the race for colonies of the Western powers in the age of imperialism.

  20. Regulatory aspects, an important factor for geothermal energy application for district heating development. European insurance scheme to cover geological risk related to geothermal operations

    International Nuclear Information System (INIS)

    Popovski, Kiril

    2000-01-01

    District heating is one of the most interesting fields of geothermal energy application development in Europe. However, besides the technical/technological/economical and organizational aspects of the problem in question, the related legal and regulatory aspects influence very much the real possibilities for wider introduction of this energy source in the state energy balances in most of the countries. Based on the official EU report for the State-of-the-art of the problem of the insurance to cover geological risks and necessary aspects to be developed and resolved in a better and 'common' way in order to enable higher investments in bigger projects (district heating) development, the paper presents the situation in different European countries in relation to the Macedonian one. Conclusions extracted should give a positive contribution to the process of the Macedonian laws accommodation to the common EU practice. (Author)

  1. Polyhydroxyalkanoate Production on Waste Water Treatment Plants: Process Scheme, Operating Conditions and Potential Analysis for German and European Municipal Waste Water Treatment Plants

    Directory of Open Access Journals (Sweden)

    Timo Pittmann

    2017-06-01

    Full Text Available This work describes the production of polyhydroxyalkanoates (PHA as a side stream process on a municipal waste water treatment plant (WWTP and a subsequent analysis of the production potential in Germany and the European Union (EU. Therefore, tests with different types of sludge from a WWTP were investigated regarding their volatile fatty acids (VFA production-potential. Afterwards, primary sludge was used as substrate to test a series of operating conditions (temperature, pH, retention time (RT and withdrawal (WD in order to find suitable settings for a high and stable VFA production. In a second step, various tests regarding a high PHA production and stable PHA composition to determine the influence of substrate concentration, temperature, pH and cycle time of an installed feast/famine-regime were conducted. Experiments with a semi-continuous reactor operation showed that a short RT of 4 days and a small WD of 25% at pH = 6 and around 30 °C is preferable for a high VFA production rate (PR of 1913 mgVFA/(L×d and a stable VFA composition. A high PHA production up to 28.4% of cell dry weight (CDW was reached at lower substrate concentration, 20 °C, neutral pH-value and a 24 h cycle time. A final step a potential analysis, based on the results and detailed data from German waste water treatment plants, showed that the theoretically possible production of biopolymers in Germany amounts to more than 19% of the 2016 worldwide biopolymer production. In addition, a profound estimation regarding the EU showed that in theory about 120% of the worldwide biopolymer production (in 2016 could be produced on European waste water treatment plants.

  2. GLOBAL TRADE. THE KEY TO TRANSATLANTIC COMPETITIVENESS

    Directory of Open Access Journals (Sweden)

    Mădălina Laura CUCIURIANU

    2015-04-01

    Full Text Available Global trade has an important characteristic in terms of open global markets by means of eliminating barriers to trade and investment. The United States and the European Union, two major international actors and competitors in the economic field, have both the opportunity to change the global trade by concluding the negotiations of the Transatlantic Trade and Investment Partnership. For this reason, this paper tries to find the connections between global trade and transatlantic competitiveness in the way that the global trade can be considered a key to transatlantic competitiveness. The United States and the European Union are global actors and competitors in the global economy and the play field is the global trade. In order to be aware of the importance ofglobal trade in the transatlantic competitiveness, this paper includes also an analysis of the concrete actions that both economic powers are taking in key-sectors of the transatlantic economy.

  3. Colour schemes

    DEFF Research Database (Denmark)

    van Leeuwen, Theo

    2013-01-01

    This chapter presents a framework for analysing colour schemes based on a parametric approach that includes not only hue, value and saturation, but also purity, transparency, luminosity, luminescence, lustre, modulation and differentiation.......This chapter presents a framework for analysing colour schemes based on a parametric approach that includes not only hue, value and saturation, but also purity, transparency, luminosity, luminescence, lustre, modulation and differentiation....

  4. El esquema de aceptación europeo para productos de construcción en contacto con agua de consumo humano European acceptance scheme for construction products in contact with water intended for human consumption

    Directory of Open Access Journals (Sweden)

    Esperanza Menéndez Méndez

    2005-12-01

    Full Text Available El desarrollo legislativo y reglamentario europea se ha ido desarrollando de distinta manera en los diferentes Estados miembros (EM. Por su parte, la entrada en vigor de determinadas Directivas Europeas llevan asociado el desarrollo específico de algunos aspectos concretos, o la unificación de criterios, que pueden ser diferentes en varios EM.Los productos de construcción en contacto con agua de consumo humano están afectados por las circunstancias descritas anteriormente. Por una parte, distintos Estados miembros tienen establecidos diferentes criterios de aceptación para la instalación de productos en contacto con el agua de consumo, y por otra parte, tanto la Directiva sobre Productos de Construcción como la Directiva sobre agua de consumo humano afectan a distintos aspectos reglamentarios que han de desarrollarse para poder cumplir con lo establecido en estas directivas.Con el fin de adecuar la reglamentación de los distintos EM, que forman parte de la Unión Europea (UE, a los requisitos y especificaciones recogidos en las directivas mencionadas anteriormente, se vio la necesidad de desarrollar el Esquema de Aceptación Europeo para Productos de Construcción en Contacto con Agua de Consumo Humano (EAS.The quality of the water intended for human consumption is regulated through the Directive 98/83/EC (Drinking Water Directive. Products used in the construction of water supply systems can cause significant deterioration of the water quality and therefore many Member States operate national acceptance schemes for these products. These products are covered by the Directive 89/106/EEC (Construction Products Directive which calls for the preparation of European specifications for construction products and the approximation of the regulatory provisions of the Member States.In order to minimise the differences in the national regulatory provisions and to enable the elaboration of European specifications for construction products in contact

  5. The effect of FDI and foreign trade on wages in the Central and Eastern European Countries in the post-transition era: A sectoral analysis

    OpenAIRE

    Onaran, Özlem; Stockhammer, Engelbert

    2006-01-01

    The aim of this paper is to estimate the effect of FDI and trade openness on wages in the CEECs in the post-transition era. We utilize a cross-country sector-specific eceonometric analysis based on one-digit level panel data for manufacturing industry in the Czech Republic, Hungary, Poland, Slovakia, Slovenia, for the period of 2000-2004. The results suggest that the increases in productivity are reflected in wages only to a modest extent, even in the long-term, leading to a steady decline in...

  6. Impact Of The Ban On Uncovered SCDS Trade On the Interdependencies Between The CDS Market And Other Sectors Of Financial Markets. The Case Of Safe And Developed Versus Risky And Developing European Markets

    Directory of Open Access Journals (Sweden)

    Kliber Agata

    2016-03-01

    Full Text Available The aim of the article is to verify the impact of the ban on uncovered sCDS trade in Europe on the interdependencies between the sCDS market and other sectors of financial markets. We analyse two European markets: the safe and developed Swedish market, and the risky and developing Hungarian one. The study covers the period from October 2008 to October 2013. We analyse changes in the interdependencies between the sCDS market and the bond market, as well as between the sCDS market and the stock exchange. We found out that in the case of the safe Swedish market, the strength of relationships of each sector of financial markets with the sCDS one was much weaker than in the case of Hungary, which may suggest that the Swedish market is less prone to crisis transmission arising from herd behaviour or speculative attacks. In the end we show that in the two economies, the influence of the sCDS market on the other sectors of financial market indeed diminished following introduction of the ban on uncovered sCDS trade.

  7. Development of a pathway model to assess the exposure of European pine trees to pine wood nematode via the trade of wood.

    Science.gov (United States)

    Douma, J C; van der Werf, W; Hemerik, L; Magnusson, C; Robinet, C

    2017-04-01

    Pine wood nematode (PWN), Bursaphelenchus xylophilus, is a threat for pine species (Pinus spp.) throughout the world. The nematode is native to North America, and invaded Japan, China, Korea, and Taiwan, and more recently Portugal and Spain. PWN enters new areas through trade in wood products. Once established, eradication is not practically feasible. Therefore, preventing entry of PWN into new areas is crucial. Entry risk analysis can assist in targeting management to reduce the probability of entry. Assessing the entry of PWN is challenging due to the complexity of the wood trade and the wood processing chain. In this paper, we develop a pathway model that describes the wood trade and wood processing chain to determine the structure of the entry process. We consider entry of PWN through imported coniferous wood from China, a possible origin of Portuguese populations, to Europe. We show that exposure increased over years due to an increase in imports of sawn wood. From 2000 to 2012, Europe received an estimated 84 PWN propagules from China, 88% of which arose from imported sawn wood and 12% from round wood. The region in Portugal where the PWN was first reported is among those with the highest PWN transfer per unit of imported wood due to a high host cover and vector activity. An estimated 62% of PWN is expected to enter in countries where PWN is not expected to cause the wilt of pine trees because of low summer temperatures (e.g., Belgium, Sweden, Norway). In these countries, PWN is not easily detected, and such countries can thus serve as potential reservoirs of PWN. The model identifies ports and regions with high exposure, which helps targeting monitoring and surveillance, even in areas where wilt disease is not expected to occur. In addition, we show that exposure is most efficiently reduced by additional treatments in the country of origin, and/or import wood from PWN-free zones. Pathway modelling assists plant health managers in analyzing risks along the

  8. A research on EU trade policy system

    Directory of Open Access Journals (Sweden)

    Qi Sitong

    2017-08-01

    Full Text Available The EU is the world’s largest trade group, occupying an important position in the world trade in goods and services, especially in the field of service trade. The EU trade in services exports and imports are higher than the United States and Japan, and the EU is the world’s largest capital output and input group, and the world’s largest foreign aid providers. With the deepening of the European integration process, Europe’s position in the world economy and trade is on the rise. Therefore, the EU’s trade policy has increasingly become the focus of attention. From the vertical point of view, research directions can be divided into trade in goods policy, trade in services policy, international direct investment policy, trade-related intellectual property policy four field. In this paper, the four vertical areas are illustrated as the focus of the study.

  9. Trading Agents

    CERN Document Server

    Wellman, Michael

    2011-01-01

    Automated trading in electronic markets is one of the most common and consequential applications of autonomous software agents. Design of effective trading strategies requires thorough understanding of how market mechanisms operate, and appreciation of strategic issues that commonly manifest in trading scenarios. Drawing on research in auction theory and artificial intelligence, this book presents core principles of strategic reasoning that apply to market situations. The author illustrates trading strategy choices through examples of concrete market environments, such as eBay, as well as abst

  10. Tradable schemes

    NARCIS (Netherlands)

    J.K. Hoogland (Jiri); C.D.D. Neumann

    2000-01-01

    textabstractIn this article we present a new approach to the numerical valuation of derivative securities. The method is based on our previous work where we formulated the theory of pricing in terms of tradables. The basic idea is to fit a finite difference scheme to exact solutions of the pricing

  11. Saving the Planet’s Climate or Water Resources? The Trade-Off between Carbon and Water Footprints of European Biofuels

    Directory of Open Access Journals (Sweden)

    Markus Berger

    2015-05-01

    Full Text Available Little information regarding the global water footprint of biofuels consumed in Europe is available. Therefore, the ultimate origin of feedstock underlying European biodiesel and bioethanol consumption was investigated and combined with the irrigation requirements of different crops in different countries. A (blue water consumption of 1.9 m3 in 12 countries per GJ of European biodiesel and 3.3 m3 in 23 countries per GJ of bioethanol was determined. Even though this represents an increase by a factor of 60 and 40 compared to fossil diesel and gasoline, these figures are low compared to global average data. The assessment of local consequences has shown that the irrigation of sunflower seed in Spain causes 50% of the impacts resulting from biodiesel—even though it constitutes only 0.9% of the feedstock. In case of bioethanol production, the irrigation of sugar cane in Egypt, which constitutes only 0.7% of the underlying feedstock, causes 20% of the impacts. In a case study on passenger cars, it was shown that biofuels can reduce the global warming potential by circa 50% along the product life cycle. However, the price of this improvement is an approximate 19 times increased water consumption, and resulting local impacts are even more severe.

  12. Draft European resolution on energy transition within the European Union. Nr 597

    International Nuclear Information System (INIS)

    Michels, Thierry

    2018-01-01

    After references to European and international directives or agreements, this document aims at drawing up new flexible rules to promote energy transition within the EU. It therefore states the French National Assembly opinion on issues related to the reduction of European greenhouse emissions, the revision of the Carbon Emissions Trading Scheme, rules concerning the sharing of the burden to reduce these emissions in sectors not covered by the ETS, the revision of rules concerning energy efficiency and the energy performance of buildings, the revision of rules concerning renewable energies, the revision of rules in the electric power sector, the governance of the Union of energy, the revision of rules concerning the Agency of the Cooperation of Energy Regulators, the consideration of social impacts of energy transition, the Brexit, and the Paris agreement

  13. Organ Trade

    NARCIS (Netherlands)

    J.A.E. Ambagtsheer (Frederike)

    2017-01-01

    markdownabstractOrgan trade constitutes the sale and purchase of organs for financial or material gain. Although prohibited since the 1980s, an increasing number of reports indicate its proliferation across the globe. Yet, many knowledge gaps exist on organ trade, in particular on the demand -and

  14. The Trading Potential of Eastern Europe

    OpenAIRE

    Wang, Zhen Kun; Winters, L. Alan

    1991-01-01

    This paper fits a gravity model to the trade of 76 market economies. It then applies the model to data on East European economies to estimate what their trading potential might have been, had behaved like market economies in the mid-1980s. At existing levels of national income, the liberalization of Eastern Europe and the Soviet Union is unlikely to affect their mutual trade and trade with developing countries, but it will increase trade with industrial counties by factors of three to thirty....

  15. International trade with electric power

    OpenAIRE

    Årdal, Frode

    2009-01-01

    In 2003 the European Commission introduced the Directive 2003/54/EC and Regulation 1228/2003/EC which increased the focus on the liberalization of the European electricity market. The international electricity trade has increased and created new challenges related to cross-border transmission and compensation mechanisms. The focus of the report has been to discuss the development of the electricity market in Europe, and the status of international exchange. The report also discusses the con...

  16. The effects of competing trade regimes on bilateral trade flows: case of Serbia

    Directory of Open Access Journals (Sweden)

    Predrag Bjelić

    2012-12-01

    Full Text Available The aim of this paper is to investigate the effects of competing trade regimes on Serbian trade with its most significant (traditional partners, like European Union and CEFTA 2006 signatories, and other untraditional trade partners with favourable trade regime, like the USA. To this end, gravity model with bilateral and time effects is estimated by Hausman-Taylor AR(1 instrumental variable estimator, using panel data on bilateral trade between Serbia and its main trade partners during the period 2001-2010. The results indicate that overall level of development and difference in factor endowments stimulate Serbia’s exports, which is in accordance with theoretical foundation that inter-industry trade is predominant in exports of less developed countries. Moreover, competing trade regimes appear as important determinant of Serbia’s trade relations, whereas additional liberalization of trade regime with the USA as untraditional trade partner, even asymmetrical to Serbia’s favour, cannot divert trade flows from traditional partners in the long-run. This could mean that distance plays more prominent role in bilateral trade than the degree of liberalization of trade regimes in case of Serbia. The result could be due to the contemporaneous effects of trade preferences granted to Serbia by the EU and other CEFTA 2006 signatories, main trading partners of Serbia.

  17. Foreign Trade

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The Foreign Trade database has monthly volume and value information for US imports, exports, and re-exports of fishery or fishery derived products. Data is...

  18. Preparing for the emissions trading game

    International Nuclear Information System (INIS)

    Anon.

    2001-01-01

    Although the deadline (1 April 2001) for the introduction of the climate change levy (or UK greenhouse gas emissions trading scheme) is near, it is difficult to assess the likely impact of the legislation since some of the architecture and much of the detail have yet to be revealed. Meanwhile, there is a growing fear that emissions trading may work against the sectoral energy efficiency agreements and the risks and costs for individual companies are not clear. The views of the CBI are discussed in detail; it is apparently concerned that the DETR's proposals are incomplete in a number of respects and these are discussed. The subjects of grandfathering, outsourcing, electricity generation and plant closures receive special attention. Other aspects discussed are legal issues, sanctions and liability, trading and risks. Tim Denne of Oxera doubts that the UK scheme will achieve the hoped for level of trading. The scheme is likely to be a subject of boardroom debate for several years to come

  19. Carbon Trading in the Policy mix

    International Nuclear Information System (INIS)

    Sijm, J.P.M.; Sorrell, S.

    2003-12-01

    The Kyoto Protocol is stimulating the development of emissions-trading schemes at the national and international levels. These are being introduced alongside existing policy instruments such as carbon taxes and negotiated agreements, leading to complex problems of policy interaction. But the topic of policy interaction remains under-researched. This paper aims to improve understanding of such interactions by examining the conditions under which a cap-and-trade scheme for carbon-dioxide emissions may usefully coexist with carbon/energy taxes, support mechanisms for renewable electricity, and policies to promote energy efficiency. The paper argues that each of these instrument combinations may be acceptable, provided they contribute to either improving the static or dynamic efficiency of the trading scheme, or delivering other valued policy objectives. But, since the coexisting instruments may raise overall abatement costs while contributing nothing further to emission reductions, the objectives and trade-offs within the policy mix must be explicit

  20. Systems for carbon trading. An overview

    International Nuclear Information System (INIS)

    Hasselknippe, Henrik

    2003-12-01

    This paper focuses on the increasing number of regional, national and international systems for trading and transfer of greenhouse gas emission allowances and emission reduction credits. The paper will serve as a platform for further discussions on the development of the international carbon trading market. The analysis builds on the International Emissions Trading Association (IETA) Trading Schemes Database, which has been developed by Point Carbon, covering all known trading schemes and programs. A full overview of all existing trading schemes and proposals is presented, showing inter alia the outreach and judicial nature of the systems, the range and nature of emission reduction or credit purchase targets, allocation methods used, links to external systems, and possibilities for the use of project-based credits. A comparative assessment is performed on a number of design criteria, allowing for conclusions to be drawn on the level of harmonisation of these systems, and the identification of convergence or divergence of important operational features. The systems covered in the analysis display considerable variation when it comes to key design criteria and functionality. A rapid integration of many of the planned and active systems seems likely following the agreement on the EU emissions trading scheme, and will be further accelerated if the Kyoto Protocol is ratified

  1. Global Trade and Indian Politics

    DEFF Research Database (Denmark)

    Lubinski, Christina

    2015-01-01

    -British Western partners, which could support their struggle for industrial self-reliance. This particular alignment of interests facilitated cooperation and shows that the so-called European experience is more diverse than research has shown so far. The analysis highlights global trading networks beyond...

  2. Emissions trading and firms' strategies. The case of power producers

    International Nuclear Information System (INIS)

    Rousse, O.

    2005-11-01

    This thesis deals with the impacts of a domestic emissions trading scheme on firms' strategies. As recent experiences of such programs (Acid Rain Program, RECLAIM Program, NOx Budget Program and the European Union Emissions Trading Scheme) concern mainly heat and power producers, we analyze especially strategies of these companies. In context of electricity market deregulation, our study takes two directions: uncertainty and competitive distortions. Concerning uncertainty, we are interested in portfolio management of emission permits, that is choice under uncertainty between buying, selling and banking permits. Concerning competitive distortions, we consider manipulations on the permits and/or products markets. Among others, we investigate interactions between a pollution market and the wholesale electricity market. From a general point of view, we show that a permits market, even competitive, gives to power producers more opportunities to act strategically on wholesale electricity markets. By this way, our study attempts to indicate when these market distortions are more likely to occur and to give some emissions market design instructions. (author)

  3. Etude Climat no. 34 'Including international aviation in the EU ETS: a first step towards a global scheme'

    International Nuclear Information System (INIS)

    Alberola, Emilie; Solier, Boris

    2012-01-01

    Among the publications of CDC Climat Research, 'Climate Reports' offer in-depth analyses on a given subject. This issue addresses the following points: CO 2 emissions from international aviation, which accounted for 2% of global emissions in 2009, are not currently capped by any international agreement. The inclusion of the aviation sector in the European Union Emissions Trading Scheme (EU ETS) from January 1 2012 onwards represents a first step towards the implementation of emission reduction regulations based on an emissions trading scheme After the gradual extension of the scope of the EU ETS to new countries since 2005, the European Commission is now assimilating around 5,400 airlines that operate in Europe, two-thirds of which are non-European, into the EU ETS to join the energy generation and manufacturing industries. This European Union's decision assigns quantified CO 2 emission reduction targets to airlines: a 3% reduction in 2012 compared with average CO 2 emissions for the sector between 2004 and 2006, then a 5% reduction between 2013 and 2020. In the short term, the inclusion of the aviation sector in the EU ETS should have an impact on the scheme. Indeed, the aviation sector is expected to represent a new source of demand for allowances. Based on the assumption of an average 2.5% increase in annual emissions between 2012 and 2014, and then of an increase of 2% over the period between 2015 and 2020, airlines would create a shortfall of 382 MtCO 2 between 2012 and 2020. The limited use of Kyoto credits to help them comply offers a maximum import potential of almost 65 MtCO 2 between 2012 and 2020. This inclusion is a test of the EU's proactive policy, which involves encouraging other countries to define their own climate policy, without breaching international law,. The potential exemption of airline operators from emitter countries that introduce equivalent regulations would be a success for the European policy. For the time being, the reaction of some

  4. Does AFTA Create More Trade for Thailand? An Investigation of Some Key Trade Indicators

    Directory of Open Access Journals (Sweden)

    Piriya Pholphirul

    2010-04-01

    Full Text Available This paper examines whether the ASEAN Free Trade Agreement (AFTA creates trade for Thailand or actually diverts it away from the country. It does this by analyzing various trade indicators: the Export Similarity Index, the Intra-Industry Trade Index, and Revealed Comparative Advantage (RCA rank correlation. By examining the patterns of trade between Thailand and other members of ASEAN, it reveals a high degree of similarity regarding the trade structure between Thailand and AFTA, which indicates that there will be fewer trade-creation benefits from AFTA and a greater likelihood of trade diversion once the AFTA scheme has been fully implemented. This similarity pattern explains the reasons for future collaboration among member countries and supportive arguments for the future extension of ASEAN ("ASEAN+". Market-penetration and development strategies should be employed by Thai exporters when accessing the ASEAN market.

  5. Joint efforts to harmonize sound insulation descriptors and classification schemes in Europe (COST TU0901)

    DEFF Research Database (Denmark)

    Rasmussen, Birgit

    2010-01-01

    Sound insulation descriptors, regulatory requirements and classification schemes in Europe represent a high degree of diversity. One implication is very little exchange of experience of housing design and construction details for different levels of sound insulation; another is trade barriers...... for building systems and products. Unfortunately, there is evidence for a development in the "wrong" direction. For example, sound classification schemes for dwellings exist in nine countries. There is no sign on increasing harmonization, rather the contrary, as more countries are preparing proposals with new......, new housing must meet the needs of the people and offer comfort. Also for existing housing, sound insulation aspects should be taken into account, when renovating housing; otherwise the renovation is not “sustainable”. A joint European Action, COST TU0901 "Integrating and Harmonizing Sound Insulation...

  6. Enforcement of emissions trading - sanction regimes of greenhouse gas emissions trading in the EU and China

    NARCIS (Netherlands)

    Peeters, Marjan; Chen, Huizhen; Weishaar, Stefan

    2016-01-01

    This chapter aims to further the debate regarding the role of law for establishing an adequate enforcement strategy for an emissions trading scheme. We focus on sanction regimes within the EU ETS and the Chinese emissions trading pilot projects. Section 2 sets the scene by pointing at the need of an

  7. Enforcement of emissions trading: Sanction regimes of greenhouse gas emissions trading in the EU and China

    NARCIS (Netherlands)

    Peeters, M.G.W.M.; Chen, Huizhen

    2015-01-01

    Abstract: This chapter aims to further the debate regarding the role of law for establishing an adequate enforcement strategy for an emissions trading scheme. We focus on sanction regimes within the EU ETS and the Chinese emissions trading pilot projects. Section 2 sets the scene by pointing at the

  8. International nuclear trade

    International Nuclear Information System (INIS)

    Biad, A.; Cormis, F. de; Kerever, A.

    1998-01-01

    This third part is relative to the international nuclear trade it includes: the 1996 EURATOM/Usa Agreement on the peaceful Uses of nuclear energy: EURATOM Strengthened, a case study on IVO Power engineering Oy as a supplier to Russia, lessons learned from the Us/EURATOM Agreement for Cooperation, negotiating the parameters of nuclear regulation: lessons from South Africa, Good and new business in Brazil's nuclear energy field, cooperation between Russia and european union in the nuclear field: the legal basis, present status and future prospects, the industrial implications of the non proliferation policy. (N.C.)

  9. The European climate change program. An evaluation of stakeholder involvement and policy achievements

    International Nuclear Information System (INIS)

    Maxian Rusche, Tim

    2010-01-01

    In order to step up its efforts in reducing climate change, the European Commission (hereafter: the Commission) has launched in June 2000 its European climate change program (hereafter: ECCP). This wide-ranging stakeholder consultation aimed at identifying and developing all elements necessary for a European climate change strategy. The ECCP formally came to a close in April 2003. This paper analyses the inner workings of ECCP, and how ECCP has delivered with regard to its objectives. Special attention is paid to ECCP's Working Group 1, 'Flexible Mechanisms', which developed the foundations for the European emission trading scheme (hereafter: EU ETS). The paper draws on documents published on the Commission's ECCP web-site, on academic literature, on press releases from stakeholders and on interviews with four participants in the ECCP process. Using this method, the paper offers important insights as to how the consensus-building for establishing the world's biggest carbon-trading scheme has started long time before the formal legislative process. (author)

  10. Additive operator-difference schemes splitting schemes

    CERN Document Server

    Vabishchevich, Petr N

    2013-01-01

    Applied mathematical modeling isconcerned with solving unsteady problems. This bookshows how toconstruct additive difference schemes to solve approximately unsteady multi-dimensional problems for PDEs. Two classes of schemes are highlighted: methods of splitting with respect to spatial variables (alternating direction methods) and schemes of splitting into physical processes. Also regionally additive schemes (domain decomposition methods)and unconditionally stable additive schemes of multi-component splitting are considered for evolutionary equations of first and second order as well as for sy

  11. Industry protests new emissions trading regime

    International Nuclear Information System (INIS)

    Berends, J.; Schyns, V.

    2008-01-01

    The new emissions trading proposals presented by the European Commission on January 23rd, 2008, threaten to seriously hamper the competitiveness of European industry in the global market, according to industry organizations. They demand radical changes in the way Brussels allocates emission allowances. It is stated that auctioning of allowances, as the Commission proposes, will drive industry and employment out of Europe

  12. Industrial DSM in a deregulated European electricity market - a case study of 11 plants in Sweden

    International Nuclear Information System (INIS)

    Trygg, Louise; Karlsson, B.G.

    2005-01-01

    In 2004 Sweden will become part of a common European electricity market. This implies that the price of electricity in Swedish will adapt to a higher European electricity price due to the increase in cross-border trading. Swedish plant is characterized as more electricity-intensive than plant on the European continent, and this, in combination with a higher European electricity price will lead to a precarious scenario. This paper studies the energy use of 11 plants in the municipality of Oskarshamn in Sweden. The aim is to show how these plants can reduce their electricity use to adapt to a European level. We have found that the plants could reduce their use of electricity by 48% and their use of energy by 40%. In a European perspective, where coal-condensing power is assumed to be the marginal production that alters as the electricity demand changes, the decrease in the use of electricity in this study leads to a reduction in global emissions of carbon dioxide of 69,000 tonne a year. Electricity generated in Sweden emits very low emissions of carbon dioxide and have thus consequently very low external cost. The freed capacity in Sweden could therefore replace electricity generated with higher external cost and as a result lower the total external cost in Europe. The emissions from the saved electricity could also be valuable within the EU emissions trading scheme, if the emissions calculation is done assuming the marginal electricity is fossil fuel based

  13. Changes in Polish foreign trade in agri-food products under accession to the European Union Zmainy w polskim handlu zagranicznym produktami rolno-spożywczymi w warunkach integracji z Unią Europejską

    Directory of Open Access Journals (Sweden)

    Karolina Pawlak

    2007-12-01

    Full Text Available The aim of the paper is to assess main trends and changes in commodity structure of Polish agri-food trade in 2003-2006. Joining in the Common Market and adopting the Common Trade Policy rules caused the significant growth of Polish agri-food trade values and improvement in the positive trade balance. Taking into account loss or reduction of some cost advantages, as well as liberalization of world agricultural trade, next years can be much more difficult for Polish exporters. The highest export potential applies to trade in animal origin products. Considering commodity structure of Polish agri-food trade, it should be said that processed products dominate both in export and in import.

  14. Is the Classification of International Trade in Horizontal and Vertical Intra-Industry Trade Usable?

    DEFF Research Database (Denmark)

    Nielsen, Jørgen Ulff-Møller; Lüthje, Teit

    2001-01-01

    with vertical intra-industry trade (between Germany and France) making up 50-60%. The high level of vertical intra-industry trade probably covers up many products shifting between e.g. vertical and horizontal intra-industry. The statement from the literature that the European integration process involves heavy......Abstract On the basis of OECD trade statistics at SITC 5 digit level for the period 1961-1999 we show the classification of international trade in (a) inter-industry trade and (b) horizontal intra-industry and (c) vertical intra-industry trade used in the empirical trade literature to be non stable...... at the individual product level. This indicates that this type of statistical classification based on unit-values is probably not very useful. On the other hand, we also show in accordance with the literature that the aggregate distribution of trade into the three categories apparently is rather stable...

  15. Fuel trade in the Common Market. Brennstoffhandel im gemeinsamen Markt

    Energy Technology Data Exchange (ETDEWEB)

    Faross, P [Commission of the European Communities, Brussels (Belgium)

    1989-06-01

    There is more than a finishing touch to be given to the Common Market to come. The Central Administrative Councilor of the XVII A1 Executive Board of the European Communities in Brussels points out relevant fuel trade changes. Considering the higher trade margins of some of the neighboring countries, German trade, among other things, expects a better profit and loss position. (orig.).

  16. Panorama 2015 - Greenhouse gas emissions in the road transport sector: moving towards inclusion in the European system of CO2 allowances?

    International Nuclear Information System (INIS)

    Coussy, Paula; Portenart, Philomene; Afriat, Marion; Alberola, Emilie

    2014-12-01

    In the year 2000, out of 41.8 Gt of global greenhouse gas (GHG) emissions, almost 10% came from transports sector. In Europe, this share of transports GHG emissions rises to 21% and emissions are forecast to rise. Against this background, should the road transport sector be included in the European Union Emissions Trading Scheme and thereby contribute to national GHG emission reduction targets? (authors)

  17. Multiuser switched diversity scheduling schemes

    KAUST Repository

    Shaqfeh, Mohammad; Alnuweiri, Hussein M.; Alouini, Mohamed-Slim

    2012-01-01

    Multiuser switched-diversity scheduling schemes were recently proposed in order to overcome the heavy feedback requirements of conventional opportunistic scheduling schemes by applying a threshold-based, distributed, and ordered scheduling mechanism. The main idea behind these schemes is that slight reduction in the prospected multiuser diversity gains is an acceptable trade-off for great savings in terms of required channel-state-information feedback messages. In this work, we characterize the achievable rate region of multiuser switched diversity systems and compare it with the rate region of full feedback multiuser diversity systems. We propose also a novel proportional fair multiuser switched-based scheduling scheme and we demonstrate that it can be optimized using a practical and distributed method to obtain the feedback thresholds. We finally demonstrate by numerical examples that switched-diversity scheduling schemes operate within 0.3 bits/sec/Hz from the ultimate network capacity of full feedback systems in Rayleigh fading conditions. © 2012 IEEE.

  18. Multiuser switched diversity scheduling schemes

    KAUST Repository

    Shaqfeh, Mohammad

    2012-09-01

    Multiuser switched-diversity scheduling schemes were recently proposed in order to overcome the heavy feedback requirements of conventional opportunistic scheduling schemes by applying a threshold-based, distributed, and ordered scheduling mechanism. The main idea behind these schemes is that slight reduction in the prospected multiuser diversity gains is an acceptable trade-off for great savings in terms of required channel-state-information feedback messages. In this work, we characterize the achievable rate region of multiuser switched diversity systems and compare it with the rate region of full feedback multiuser diversity systems. We propose also a novel proportional fair multiuser switched-based scheduling scheme and we demonstrate that it can be optimized using a practical and distributed method to obtain the feedback thresholds. We finally demonstrate by numerical examples that switched-diversity scheduling schemes operate within 0.3 bits/sec/Hz from the ultimate network capacity of full feedback systems in Rayleigh fading conditions. © 2012 IEEE.

  19. Quotum for CO2. Trading system in preparation

    International Nuclear Information System (INIS)

    Van der Weijden, C.; Dingenen, S.

    2002-01-01

    CO2 emission rights trading is one of the most promising tools for limiting the release of CO2 in the short term. While development of a trading system continues at the European Union level, the Netherlands is working on a system of its own, which will differ from its European counterpart in various critical respects. Although the Netherlands is likely to be one of the main beneficiaries of emission trading, the nation nevertheless has an obligation to pursue technical innovation [nl

  20. Centre of the European gas market. The European Autumn Gas Conference

    International Nuclear Information System (INIS)

    Van Hasselt, F.; Van der Wal, W.; Ruinen, H.

    1998-01-01

    From the results of the 1997 European Autumn Gas Conference in Barcelona, Spain, it appears that the European gas industry is mainly focused on the liberalization of the European energy market. The main topic of the Conference was 'dealing with surplus'. A brief overview is given of the natural gas trade developments in the European countries. 1 ill., 1 tab. 2 ills

  1. Cognitive radio networks dynamic resource allocation schemes

    CERN Document Server

    Wang, Shaowei

    2014-01-01

    This SpringerBrief presents a survey of dynamic resource allocation schemes in Cognitive Radio (CR) Systems, focusing on the spectral-efficiency and energy-efficiency in wireless networks. It also introduces a variety of dynamic resource allocation schemes for CR networks and provides a concise introduction of the landscape of CR technology. The author covers in detail the dynamic resource allocation problem for the motivations and challenges in CR systems. The Spectral- and Energy-Efficient resource allocation schemes are comprehensively investigated, including new insights into the trade-off

  2. INTERNATIONAL TRADE WITH ONIONS

    Directory of Open Access Journals (Sweden)

    Radu Lucian PÂNZARU

    2013-01-01

    Full Text Available The paper refers to the global trade situation with onion, 2008-2010. Besides presenting the existing situation of the five units continents (Africa, America, Asia, Europe and Oceania study shows worldwide level of imports and exports, as well as its contribution to the performing acts of international exchange. Quantitative aspects of trade are filled with values data, that allowed the preparation of trade exchanges for this product. The main importer (in quantitative terms is represented by Asia, followed by Europe and at greater distance by the America, while the value of imports was dominated by operations performed in Europe, Asia and America - weights of 39.7 , 38.1 and 18.6% respective (of the world total. Concerning the quantity, the major players on the market exports are represented by Asia and Europe. They have dominated the world market, achieving 45.6 and respective 30.8% of world exports. America ranks third with a share of 17.4%. In terms of value, world exports were dominated by Asia, Europe and America (33.5, 32.7 and respective 26.7%, with a downward trend in the share of Asia and increasing European weights and American (compared to the specific situation of the quantities exported

  3. The game of trading jobs for emissions

    International Nuclear Information System (INIS)

    Arto, I.; Rueda-Cantuche, J.M.; Andreoni, V.; Mongelli, I.; Genty, A.

    2014-01-01

    Following the debate on the implications of international trade for global climate policy, this paper introduces the topic of the economic benefits from trade obtained by exporting countries in relation to the emissions generated in the production of exports. In 2008, 24% of global greenhouse gas (GHG) emissions and 20% of the employment around the world were linked to international trade. China “exported” 30% of emissions and hosted 37.5% of the jobs generated by trade worldwide. The European Union and the United States of America were the destination of 25% and 18.4% of the GHG emissions embodied in trade. The imports of these two regions contributed to the creation of 45% of the employment generated by international trade. This paper proposes the idea of including trade issues in international climate negotiations, taking into account not only the environmental burden generated by developed countries when displacing emissions to developing countries through their imports, but also the economic benefits of developing countries producing the goods exported to developed countries. - Highlights: • Employment and trade issues should be considered in GHG emission reduction policies. • In 2008 24% of global GHG emissions and 20% of the employment are linked to trade. • 43% of GHG and 45% of employment embedded in trade are due to EU and US imports. • China exports 30% of the GHG and hosts 38% of the jobs generated by trade worldwide

  4. Trade-offs of European agricultural abandonment

    NARCIS (Netherlands)

    van der Zanden, Emma H.; Verburg, Peter H.; Schulp, Catharina J E; Verkerk, Pieter Johannes

    2017-01-01

    Agricultural land abandonment is a policy challenge, especially for areas with unfavorable conditions for agriculture and remote and mountainous areas. Agricultural abandonment is an important land use process in many world regions and one of the dominant land use change processes in Europe.

  5. Trade Mark Cluttering: An Exploratory Report Commissioned by UKIPO

    OpenAIRE

    von Graevenitz, Georg; Greenhalgh, Christine; Helmers, Christian; Schautschick, Philipp

    2012-01-01

    This report explores the problem of “cluttering” of trade mark registers. The report consists of two parts: the first presents a conceptual discussion of “cluttering” of trade mark registers. The second part provides an exploratory empirical analysis of trade mark applications at the UK Intellectual Property Office (UKIPO) and the European trade mark office (OHIM). This part contains results of a descriptive and an econometric analysis. According to our definition, cluttering arises where fir...

  6. Emissions trading: saviour or destroyer?

    International Nuclear Information System (INIS)

    Dougas, P.; Kearney, B.

    2007-01-01

    Australia is almost certain to get a greenhouse gas emissions trading scheme in the next five years. Trading is now embraced by both political parties at the federal level and by all the states, as a key policy to address greenhouse gas emissions. But the story does not end there - there are crucial design and implementation decisions that will affect the efficiency and effectiveness of an emissions trading scheme and it is vital for the Australian economy that we get this right. Addressing greenhouse gas emissions will be a massive and costly effort and we need to make sure this happens, but at the lowest possible cost. Populist solutions and silver bullets abound, but there are no simple solutions and we need to start taking action on a broad front to minimise the cost. Emissions trading will have significant and lasting effects of the broader Australian economy, but is likely to be felt most in the energy sector. We need informed and rational discussion and policy development to get it right

  7. Price floors for emissions trading

    International Nuclear Information System (INIS)

    Wood, Peter John; Jotzo, Frank

    2011-01-01

    Price floors in greenhouse gas emissions trading schemes can guarantee minimum abatement efforts if prices are lower than expected, and they can help manage cost uncertainty, possibly as complements to price ceilings. Provisions for price floors are found in several recent legislative proposals for emissions trading. Implementation however has potential pitfalls. Possible mechanisms are government commitments to buy back permits, a reserve price at auction, or an extra fee or tax on acquittal of emissions permits. Our analysis of these alternatives shows that the fee approach has budgetary advantages and is more compatible with international permit trading than the alternatives. It can also be used to implement more general hybrid approaches to emissions pricing. - Research highlights: → Price floors for emissions trading schemes guarantee a minimum carbon price. → Price floors mean that emissions can be less than specified by the ETS cap. → We examine how price floors can relate to different policy objectives. → We compare different mechanisms for implementing a price floor. → We find that a mechanism where there is an extra tax or fee has advantages.

  8. The Role of European Union Funds in Economic Development

    Directory of Open Access Journals (Sweden)

    Cristian PĂUN

    2015-09-01

    Full Text Available The European Union project initially started as a peaceful solution for war reconstruction in Europe. European countries decided to cooperate rather than compete in an aggressive way. At the beginning, this project supposed (involved market liberalization, trade barriers removals, market access improvement (initially for coal, steel, energy and, later, for all goods, services, workforce and capital. Unfortunately, in the last decades, all these Single Market facilities have been backed by redistributive schemes, protectionist mechanisms, social engineering, subsidies and facilities packed in so-called ”EU policies”. New ”European” institutions have been created, more and more funds have been involved to financially support this very complex redistributive intervention. The political dimension of the European Union project enhanced the economic dimension and constantly suffocated private markets and the economy. The “incomes” of the European Union that fuel its financial support are coming from taxes and/or inflation (better administered after the introduction of a Single Currency – the Euro. This paper will discuss the relevance of European Funds for economic development, especially for new members in this project.

  9. THE EU’S NEIGHBOURHOOD TRADE ARRANGEMENTS

    Directory of Open Access Journals (Sweden)

    Ludmila BORTA

    2015-12-01

    Full Text Available The elusive outcome of the Doha Round has increased the importance of the preferential trade agreements worldwide. Currently, the EU`s trade policy is driven by preferential negotiations. European bilateralism is important and extremely challenging. This union aims to conclude a significant number of deep and comprehensive free trade agreements, particularly by eliminating tariffs, and also by facilitating the trade of services, investments, procurement and regulatory matters. The EU has granted unilateral preferences to developing countries through tariff free access to the EU market, thereby helping them to eradicate poverty and promote sustainable development. Based on the primary motives of Europe’s preferential trade agreements, we have analysed the trade agreements negotiated with geographically close neighbours to which the EU is prepared to offer commercial accession or some slightly less ambitious type of relationship.

  10. Os subsídios à agricultura no comércio internacional: as políticas da União Europeia e dos Estados Unidos da América The agricultural subsidies in international trade: the policies adopted by the European Union and the United States of America

    Directory of Open Access Journals (Sweden)

    Flávio Marcelo Rodrigues Bruno

    2012-04-01

    Full Text Available O presente artigo analisa a prática de subsídios à agricultura no comércio internacional, tendo como principal objetivo dimensionar a sua prática enquanto instrumento econômico estratégico para o setor agrícola, especialmente para os Estados Unidos e a União Europeia. Uma completa proibição dos subsídios não é desejável porque sua prática, em essência, constitui uma alternativa à busca do bem-estar social da nação. Contudo, a utilização dos subsídios agrícolas, na forma como vêm sendo praticados, constituem-se em intervenções de cunho protecionista que provocam distorções no comércio internacional. Sendo os Estados Unidos e a União Europeia as nações que mais os utilizam no comércio internacional, tem-se gerado preocupações sobre sua própria eficiência enquanto instrumento de política comercial estratégica para o comércio internacional.This study examines the practice of agricultural subsidies in international trade, aiming at scaling its practice as a strategic economic tool primarily for the agricultural sector, especially to the United States and the European Union. A complete ban on subsidies is not desirable because its practice, in essence, is a path to improve the welfare of the nation. However, the way the agricultural subsidies have been employed, constitute protectionist interventions that distort international trade. The United States and the European Union are the major users of this instrument in international trade, a factor that has raised concerns about their own efficiency as a strategic trade policy for international trade.

  11. A review of social sustainability considerations among EU-approved voluntary schemes for biofuels, with implications for rural livelihoods

    International Nuclear Information System (INIS)

    German, Laura; Schoneveld, George

    2012-01-01

    The rapid expansion of biofuel production and consumption has raised concerns over the social and environmental sustainability of biofuel feedstock production, processing and trade. The European Union (EU) has thus balanced its commitment to biofuels as one option for meeting its renewable energy targets with sustainability criteria for economic operators supplying biofuels to member states. Seven voluntary “EU sustainability schemes” were approved in July, 2011 as a means to verify compliance. While mandated sustainability criteria have a strong environmental focus, a number of these voluntary schemes have social sustainability as a significant component of the requirements put forward for achieving certification. As several of these voluntary schemes are incipient, thereby limiting evidence on their effectiveness in practice, this analysis is based on a comparative analysis of the substantive content or ‘scope’ of these schemes and the likely procedural effectiveness of the same. Findings show that while some schemes have considerable coverage of social sustainability concerns, poor coverage of some critical issues, the presence of schemes lacking any social sustainability requirements, and gaps in procedural rules are likely to undermine the likelihood that social sustainability is achieved through these schemes or the EU sustainability policies lending credibility to them. - Highlights: ► Among 7 voluntary schemes approved by EC-RED for biofuel, social sustainability is sorely lacking. ► 2 Schemes lacking any social sustainability criteria collectively cover all feedstock/regions. ► The strong climate metric effectively sidelines development aspirations of southern producers. ► Only one of 7 standards will leverage the industry's potential as a stimulus to rural development. ► Policies in consumer markets are critical to give teeth to industry-led sustainability schemes.

  12. Uranium trade and global liberalization of markets

    International Nuclear Information System (INIS)

    Elagin, Yu.P.

    2003-01-01

    Present state of nuclear fuel market is reviewed. Political and economical aspects of nuclear fuel trade, traditional schemes of gain of nuclear fuel, tendencies and last innovations are treated. Price mechanisms, increase in part of traders, price indicators are discussed. Under the liberalization conditions the uranium market and common tendencies on the stages of nuclear fuel cycle as well as prospects of gain and sale of nuclear fuel, electronic trade are considered [ru

  13. Trading stages

    DEFF Research Database (Denmark)

    Steiner, Uli; Tuljapurkar, Shripad; Coulson, Tim

    2012-01-01

    Interest in stage-and age structured models has recently increased because they can describe quantitative traits such as size that are left out of age-only demography. Available methods for the analysis of effects of vital rates on lifespan in stage-structured models have not been widely applied ...... examples. Much of our approach relies on trading of time and mortality risk in one stage for time and risk in others. Our approach contributes to the new framework of the study of age- and stage-structured biodemography....

  14. Anonymous electronic trading versus floor trading

    OpenAIRE

    Franke, Günter; Hess, Dieter

    1995-01-01

    This paper compares the attractiveness of floor trading and anonymous electronic trading systems. It is argued that in times of low information intensity the insight into the order book of the electronic trading system provides more valuable information than floor trading, but in times of high information intensity the reverse is true. Thus, the electronic system's market share in trading activity should decline in times of high information intensity. This hypothesis is tested by data on BUND...

  15. Trading volume and the number of trades

    OpenAIRE

    Marwan Izzeldin

    2007-01-01

    Trading volume and the number of trades are both used as proxies for market activity, with disagreement as to which is the better proxy for market activity. This paper investigates this issue using high frequency data for Cisco and Intel in 1997. A number of econometric methods are used, including GARCH augmented with lagged trading volume and number of trades, tests based on moment restrictions, regression analysis of volatility on volume and trades, normality of returns when standardized by...

  16. Abatement of CO2 emissions in the European Union

    International Nuclear Information System (INIS)

    Lesourne, J.; Keppler, J.H.; Jaureguy-Naudin, Maite; Smeers, Yves; Bouttes, Jean-Paul; Trochet, Jean-Michel; Dassa, Francois; Neuhoff, Karsten

    2008-01-01

    This first monograph of the Ifri program on European Governance and Geopolitics of Energy is devoted to the control of carbon dioxide emissions within the European Union. Since it is almost unanimously accepted that Greenhouse Gas emissions constitute the main cause of the observed increase of the world average temperature, the system implemented by the European Union to limit and decrease the CO 2 emissions is a significant pillar of the EU energy policy, the two others being the acceptance by the Member States of long-term commitments (for instance on the future share of renewable energy sources in their energy balance sheet) and the establishment of an internal market for electricity and gas. Though simple in principle, the European Union Greenhouse Gas Emission Trading Scheme (EU ETS) is in fact rather complex, and only experts really understand its merits and its deficiencies. These deficiencies are real and will have to be corrected in the future for the system to be effective. At this moment, when the 2005-2007 trial phase of the EU ETS is ending, the monograph has the purpose to stimulate the discussion between experts and to enable all those interested in the topic to understand the issues and to take part in the public debates on the subject. The monograph contains five papers: - 'An Overview of the CO 2 Emission Control System in the European Union' by Jacques Lesourne and Maite Jaureguy-Naudin. - 'Description and Assessment of EU CO 2 Regulations' by Yves Smeers. - 'Assessment of EU CO 2 Regulations' by Jean-Paul Bouttes, Jean-Michel Trochet and Francois Dassa. - 'Investment in Low Carbon Technologies, Policies for the Power Sector' by Karsten Neuhoff. - 'Lessons Learned from the 2005-2007 Trial Phase of the EU Emission Trading System' by Jan Horst Keppler

  17. China's emissions trading takes steps towards big ambitions

    Science.gov (United States)

    Jotzo, Frank; Karplus, Valerie; Grubb, Michael; Löschel, Andreas; Neuhoff, Karsten; Wu, Libo; Teng, Fei

    2018-04-01

    China recently announced its national emissions trading scheme, advancing market-based approaches to cutting greenhouse gas emissions. Its evolution over coming years will determine whether it becomes an effective part of China's portfolio of climate policies.

  18. ACER: demystifying the European energy supervisor from a consumer perspective

    NARCIS (Netherlands)

    Lavrijssen, S.A.C.M.; Bordei, I.

    2012-01-01

    The European energy regulatory triangle, consisting of National Regulatory Authorities (NRAs), the European Commission and the newly established Agency for the Cooperation of Energy Regulators (ACER), has an important role in enhancing cross border trade and wholesale market competition and

  19. Seasonal unit roots in trade variables

    OpenAIRE

    Carol Alexander; Manuel Cantavella Jordá

    1997-01-01

    In this paper we examine the presence of seasonal unit roots in trade variables for Germany, France, the United Kingdom, and Italy, using the procedure developed by Hylleberg, Engle, Granger, and Yoo (1990) [HEGY]. Both quarterly and monthly data reject the presence of unit roots at most seasonal frequencies, more frequently in quarterly than in monthly data. This has important implications for econometric modeling of trade balance, exchange rates and income in European Union (EU) countries. ...

  20. The Transatlantic Trade and Investment Partnership (TTIP)

    OpenAIRE

    Arnim, Rudi von; Beck, Stefan; Compa, Lance; Eberhardt, Pia; Grumiller, Jan; Raza, Werner; Taylor, Lance; Tröster, Bernhard; Scherrer, Christoph

    2014-01-01

    The United States of America and the European Union are currently negotiating a Transatlantic Trade and Investment Partnership (TTIP). It is one of the most ambitious free trade and investment initiatives, going much further than eliminating tariffs. TTIP mainly aims at reducing “non-tariff barriers”. While tariffs on goods have been imposed with an eye to foreign competition, most of the non-tariff barriers are the laws and regulations that are the result of social struggles for the protecti...

  1. Fuel trading

    International Nuclear Information System (INIS)

    2015-01-01

    A first part of this report proposes an overview of trends and predictions. After a synthesis on the sector changes and trends, it indicates and comments the most recent predictions for the consumption of refined oil products and for the turnover of the fuel wholesale market, reports the main highlights concerning the sector's life, and gives a dashboard of the sector activity. The second part proposes the annual report on trends and competition. It presents the main operator profiles and fuel categories, the main determining factors of the activity, the evolution of the sector context between 2005 and 2015 (consumptions, prices, temperature evolution). It analyses the evolution of the sector activity and indicators (sales, turnovers, prices, imports). Financial performances of enterprises are presented. The economic structure of the sector is described (evolution of the economic fabric, structural characteristics, French foreign trade). Actors are then presented and ranked in terms of turnover, of added value, and of result

  2. Labelling schemes: From a consumer perspective

    DEFF Research Database (Denmark)

    Juhl, Hans Jørn; Stacey, Julia

    2000-01-01

    Labelling of food products attracts a lot of political attention these days. As a result of a number of food scandals, most European countries have acknowledged the need for more information and better protection of consumers. Labelling schemes are one way of informing and guiding consumers....... However, initiatives in relation to labelling schemes seldom take their point of departure in consumers' needs and expectations; and in many cases, the schemes are defined by the institutions guaranteeing the label. It is therefore interesting to study how consumers actually value labelling schemes....... A recent MAPP study has investigated the value consumers attach the Government-controlled labels 'Ø-mærket' and 'Den Blå Lup' and the private supermarket label 'Mesterhakket' when they purchase minced meat. The results reveal four consumer segments that use labelling schemes for food products very...

  3. International Trade of Wood Pellets (Brochure)

    Energy Technology Data Exchange (ETDEWEB)

    2013-05-01

    The production of wood pellets has increased dramatically in recent years due in large part to aggressive emissions policy in the European Union; the main markets that currently supply the European market are North America and Russia. However, current market circumstances and trade dynamics could change depending on the development of emerging markets, foreign exchange rates, and the evolution of carbon policies. This fact sheet outlines the existing and potential participants in the wood pellets market, along with historical data on production, trade, and prices.

  4. Network Regulation and Support Schemes

    DEFF Research Database (Denmark)

    Ropenus, Stephanie; Schröder, Sascha Thorsten; Jacobsen, Henrik

    2009-01-01

    -in tariffs to market-based quota systems, and network regulation approaches, comprising rate-of-return and incentive regulation. National regulation and the vertical structure of the electricity sector shape the incentives of market agents, notably of distributed generators and network operators......At present, there exists no explicit European policy framework on distributed generation. Various Directives encompass distributed generation; inherently, their implementation is to the discretion of the Member States. The latter have adopted different kinds of support schemes, ranging from feed....... This article seeks to investigate the interactions between the policy dimensions of support schemes and network regulation and how they affect the deployment of distributed generation. Firstly, a conceptual analysis examines how the incentives of the different market agents are affected. In particular...

  5. Multilateral, regional and bilateral energy trade governance

    Energy Technology Data Exchange (ETDEWEB)

    Leal-Arcas, Rafael; Grasso, Costantino; Rios, Juan Alemany (Queen Mary Univ. of London (United Kingdom))

    2014-12-01

    The current international energy trade governance system is fragmented and multi-layered. Streamlining it for greater legal cohesiveness and international political and economic cooperation would promote global energy security. The current article explores three levels of energy trade governance: multilateral, regional and bilateral. Most energy-rich countries are part of the multilateral trading system, which is institutionalized by the World Trade Organization (WTO). The article analyzes the multilateral energy trade governance system by focusing on the WTO and energy transportation issues. Regionally, the article focuses on five major regional agreements and their energy-related aspects and examines the various causes that explain the proliferation of regional trade agreements, their compatibility with WTO law, and then provides several examples of regional energy trade governance throughout the world. When it comes to bilateral energy trade governance, this article only addresses the European Union’s (EU) bilateral energy trade relations. The article explores ways in which gaps could be filled and overlaps eliminated whilst remaining true to the high-level normative framework, concentrating on those measures that would enhance EU energy security.

  6. GMM Estimator: An Application to Intraindustry Trade

    Directory of Open Access Journals (Sweden)

    Nuno Carlos Leitão

    2012-01-01

    Full Text Available This paper investigates the determinants of intraindustry trade (IIT, horizontal IIT (HIIT, and Vertical IIT (VIIT in the automobile industry in Portugal. The trade in this sector between Portugal and the European Union (EU-27 was examined, between 1995 and 2008, using a dynamic panel data. We apply the GMM system to solve the problems of serial correlation and the endogeneity of some explanatory variables. The findings are consistent with the literature. The difference between per capita incomes and factor endowments present a positive sign. These results are according to Heckscher-Ohlin predictions. The economic dimension has a positive impact on trade. A negative effect of the distance on bilateral trade was expected and the results confirm this, underlining the importance of neighbour partnerships for all trade.

  7. Climate policy, emissions trading and hydrogen : Results of a Mannesmann Pilotentwicklung study and options for the hydrogen community

    International Nuclear Information System (INIS)

    Geres, R.

    2002-01-01

    The use of emissions trading for the introduction of hydrogen technologies into the market was studied under the Mannesmann Pilotentwicklung. It was argued that the integration of environmental effects becomes part of the business planning on the revenue side, provided a scenario with environmental benefits like the reduction of greenhouse gas emissions in the atmosphere. New possibilities and opportunities are available for hydrogen technologies. It enables the definition of more detailed projects within the hydrogen community, considering factors such as economic, strategic, technological and political aims. The projects involve both mobile and stationary applications, and cover regional activities as well as international cooperation. Public institutions or the private sector can undertake them. As a result of the ratification of the Kyoto Protocol, an emissions trading scheme is scheduled to begin in 2005 inside the European Union. 2 refs., 2 tabs., 2 figs

  8. Combined Heat and Power and Emissions Trading

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-07-01

    The aim of this IEA Information Paper is to help policy makers and other stakeholders understand the challenges facing the incorporation of high efficiency combined heat and power (CHP) into greenhouse gas (GHG) Emissions Trading Schemes (ETSs) -- and to propose options for overcoming them.

  9. Analysis of the European Food Industry

    OpenAIRE

    Banse, Martin; McDonald, Scott; Joint Research Centre; Institute for Prospective Technological Studies; Kaditi, Eleni

    2008-01-01

    This report is based on a study assigned to the Centre for European Policy Studies (CEPS) by the European Commission¿s Joint Research Centre, Institute for Prospective Technological Studies (JRC-IPTS) to investigate recent developments in the European food industry and the impact of foreign direct investment (FDI) and trade flows on the food industry in the EU-25. The report illustrates trends in and the structure of the European food industry. Past and possible future developments are ana...

  10. Market Analysis and Risk Management of EU Emissions Trading - MARMET

    International Nuclear Information System (INIS)

    Ollikainen, M.; Aatola, P.; Ollikka, K.; Kumpulainen, A.; Pohjola, T.; Lappalainen, E.

    2007-01-01

    The first period of the EU Emissions Trading Scheme (EU ETS) commenced on January 1st 2005. It implies new challenges to companies included in the scheme. A central challenge is the uncertainty related to the markets. In order to manage their risks and profitability companies need to be able to estimate future price developments of emission allowances. The University of Helsinki is conducting a research project in cooperation with the Helsinki University of Technology that will provide necessary information for analyzing European Union emission allowance (EUA) markets and create risk management competence. The objectives of the research project are (1) to develop a price estimation model for EU emission allowances and (2) to develop risk management competence related to EU ETS. With the price estimation model the short-term price developments of EUAs can be estimated. By utilizing the model companies can reduce uncertainties related to the markets. The project also delivers a general risk management model for EU ETS that aims at improving competitiveness of companies. (orig.)

  11. The EU system for emissions trading after year 2012; EU:s system foer handel med utslaeppsraetter efter 2012

    Energy Technology Data Exchange (ETDEWEB)

    Normand, Mathias; Mjureke, David (eds.)

    2007-01-15

    achieve emission reductions in line with Council Conclusions (7619/1/05) in the form of total emission reductions of the order of 15-30 % in the industrialised countries by 2020. Sweden should press for the Scheme to be linked with other trading schemes, subject to retention of climate integrity. Linking can strengthen global climate policy ties and influence countries not having internationally binding climate commitments towards participating in some climate policy agreement. Linking also helps to counter international distortion of competition. There should be considerable opportunities for the use of CDM (or equivalent) credits in the Scheme, given that the EU has strict commitments on emission reductions. In order to ensure the system's climate integrity and competition neutrality, efforts should be aimed at ensuring that the total quantity of allowances in the Trading Scheme is decided directly at EU level (i.e. top-down), instead of as today starting from national allocation plans (i.e. bottom-up). Sweden should promote continued expansion of the Scheme to other sectors and for other gases. In 2013, it should be expanded to include emissions of carbon dioxide and PFC from primary and secondary aluminium production, carbon dioxide from certain chemical industry sectors, nitrous oxide from certain chemical industry sectors and methane from active coal mines. The European road transport sector can be included in the Scheme. However, this will pose challenges in respect of the effects on industrial competitiveness and developments within the road transport sector. In order to be able to adopt a firm position in the matter of how the road transport sector should be treated in relation to the EU ETS, Sweden should initiate in-depth studies of consequences of different options, including a separate trading scheme for the European transport sector. Purely biofuelled combustion installations should be excluded from the Scheme, and the monitoring requirements for pure

  12. TRADE LIBERALISATION IN EUROPE AND THE REST OF THE WORLD

    Directory of Open Access Journals (Sweden)

    Cristian Spiridon

    2012-09-01

    Full Text Available The present paper aims to disseminate how liberalisation processes were conducted around the globe and especially in Europe since the XIXth century up to date. The research objective is to review the liberalisation of trade dynamics and create an image of the architecture of the most important trading blocs. Analysis will be conducted considering the three major regional blocs: Europe, North America and East Asia. The main findings will show that, despite the few mutations that occurred in international trade as a result of the emergence of developing nations as major trade partners, the European Union and the United States remain the economic and trade hegemons.

  13. The future of the Europe of energy: towards the domestic energy market; network codes: where are we; the gas infrastructure European grid, which ambitions for 2030?; Action to boost the carbon market; LPG in Europe

    International Nuclear Information System (INIS)

    Anon.

    2014-01-01

    A set of articles first discusses the perspective of creation of a European domestic energy market which appears in the elaboration of the French energy policy, whereas industrial actors are still reluctant. The second article briefly comments the progress in the elaboration of common rules by the European Union for the creation of this European energy domestic market, i.e. the network codes. The third article addresses the common projects of energy infrastructures presented by the European Commission in 2013: about half of these projects are concerning gas infrastructures, and could be quickly achieved. The next article discusses the proposals and reactions about the strategic framework presented in January 2014 by the European Commission for 2030. An article briefly presents measures taken to boost the carbon emission trading scheme. The last article addresses the evolution of the LPG market in Europe, and outlines that its development potential is still under-exploited

  14. Sectoral and regional expansion of emissions trading

    Energy Technology Data Exchange (ETDEWEB)

    Boehringer, Christoph; Bouwe, Dijkstra; Rosendahl, Knut Einar

    2011-07-01

    We consider an international emissions trading scheme with partial sectoral and regional coverage. Sectoral and regional expansion of the trading scheme is beneficial in aggregate, but not necessarily for individual countries. We simulate international CO{sub 2} emission quota markets using marginal abatement cost functions and the Copenhagen 2020 climate policy targets for selected countries that strategically allocate emissions in a bid to manipulate the quota price. Quota exporters and importers generally have conflicting interests about admitting more countries to the trading coalition, and our results indicate that some countries may lose substantially when the coalition expands in terms of new countries. For a given coalition, expanding sectoral coverage makes most countries better off, but some countries (notably the USA and Russia) may lose out due to loss of strategic advantages. In general, exporters tend to have stronger strategic power than importers.(Author)

  15. Journal of Contemporary European Research User You are logged in as... jcer_editor My Profile Log Out Subscribe... Sign up for issue alerts Follow JCER on Twitter Font Size Make font size smaller Make font size default Make font size larger Journal Content Search Search Scope Browse By Issue By Author By Title Information For Readers For Authors For Librarians Journal Help Keywords CFSP Communication ESDP EU EU enlargement EU trade policy Energy, EU, External Policy Europe European Commission European Parliament European Union European integration Europeanisation Euroscepticism First Enlargement Germany Liberty Lisbon Treaty Poland Russia Security The UACES Blog Power shift? The EU’s pivot to Asia 100 Books on Europe to be Remembered For a Global European Studies? EU Member State Building in the... Same aims, different approaches?... Open Journal Systems Home About User Home Search Current Archives Announcements UACES Home > Vol 9, No 4 (2013 > De Ville The Promise of Critical Historical Institutionalism for EU Trade Policy Analysis

    Directory of Open Access Journals (Sweden)

    Ferdi de Ville

    2013-10-01

    Full Text Available This paper aims to convince the reader of the potential of a critical version of historical institutionalism (HI as a theoretical perspective for EU trade policy analysis. It argues that critical HI sensitises the analyst to important but hitherto often neglected factors including: the influence of the past on EU trade policy; the complex, multiarena and multilevel nature of contemporary trade policy; and issues of distributional conflict. The core concept in critical HI is ‘reactive sequencing’, conceiving of policy evolution as a chain of events produced by reactions and counter-reactions. This paper demonstrates that this is invaluable to understand contemporary EU trade politics. Some examples of EU trade policy decisions and its general strategic evolution since the conclusion of the Uruguay Round are given to show the value of critical HI. Finally, the external dimension of “Europe 2020” as the latest trade policy strategy is analysed from a critical historical institutionalist angle.

  16. Emissions trading and innovation in the German electricity industry

    Energy Technology Data Exchange (ETDEWEB)

    Cames, Martin

    2010-07-01

    One major objective of the introduction of emissions trading in the European Union was to promote innovation towards mitigating climate change. Focusing on the German electricity industry, the extent to which this objective has been achieved up to now and how the design of the trading scheme could be improved towards achieving the intended objective shall be analyzed in this thesis. These questions are tackled in the thesis from a theoretical and an empirical perspective. The theoretical analysis was largely based on neoclassical environmental economics by using an algebraic model which allowed for comparison of the relevant companies' profits under various configurations of the analyzed design options. The empirical analysis was grounded on two surveys of the electricity industry - one before the start of emissions trading, the other after two and a half years of experience - which enabled identification of the concrete changes in the companies' perceptions and attitudes towards innovation due to the introduction of emissions trading. The analysis reveals some indications that the instrument has basically functioned as originally intended although it has certainly not yet developed its full potential in terms of promoting innovation towards a more climate friendly electricity system. From an environmental innovation perspective the following improvements are essential: (1) Closure provisions should be abolished as soon as possible because they basically extend the lifetime of old installations and thus rather delay innovation. (2) Fuel-specific allocation to new entrants should also be abandoned since it eliminates - at least partly - the incentives to shift investments towards technologies which use more carbon friendly fuels such as natural gas or biomass. (3) Introducing full auctioning for the electricity industry would remedy both of the above-mentioned weaknesses and at the same time eliminate the windfall profit generated by free allocation of allowances

  17. Emissions trading and innovation in the German electricity industry

    Energy Technology Data Exchange (ETDEWEB)

    Cames, Martin

    2010-07-01

    One major objective of the introduction of emissions trading in the European Union was to promote innovation towards mitigating climate change. Focusing on the German electricity industry, the extent to which this objective has been achieved up to now and how the design of the trading scheme could be improved towards achieving the intended objective shall be analyzed in this thesis. These questions are tackled in the thesis from a theoretical and an empirical perspective. The theoretical analysis was largely based on neoclassical environmental economics by using an algebraic model which allowed for comparison of the relevant companies' profits under various configurations of the analyzed design options. The empirical analysis was grounded on two surveys of the electricity industry - one before the start of emissions trading, the other after two and a half years of experience - which enabled identification of the concrete changes in the companies' perceptions and attitudes towards innovation due to the introduction of emissions trading. The analysis reveals some indications that the instrument has basically functioned as originally intended although it has certainly not yet developed its full potential in terms of promoting innovation towards a more climate friendly electricity system. From an environmental innovation perspective the following improvements are essential: (1) Closure provisions should be abolished as soon as possible because they basically extend the lifetime of old installations and thus rather delay innovation. (2) Fuel-specific allocation to new entrants should also be abandoned since it eliminates - at least partly - the incentives to shift investments towards technologies which use more carbon friendly fuels such as natural gas or biomass. (3) Introducing full auctioning for the electricity industry would remedy both of the above-mentioned weaknesses and at the same time eliminate the windfall profit generated by free allocation of

  18. CERN welcomes European science

    CERN Multimedia

    2002-01-01

    On 3 and 4 October CERN will host a special workshop for Marie Curie fellows. This programme is a key plank in the EU's strategy for creating a European research area.     With thousands of scientists from all over the continent working together, CERN is already an exemplary European science showcase. On 3 and 4 October, the Laboratory will contribute further to unifying all European science by hosting a special workshop for EU-funded Marie Curie fellows. This scheme gives young researchers from around the continent the mobility to go to wherever Europe's best facilities in their chosen field happen to be. The event that will take place at CERN, entitled 'Special workshop of Marie Curie Fellows on research and training in physics and technology', organised together with the European Commission, is a continuation of a series of workshops with the aim, among others, of promoting young researchers, supporting their training and mobility, and facilitating the interdisciplinary dissemination of knowledge. Dur...

  19. Entropy of international trades

    Science.gov (United States)

    Oh, Chang-Young; Lee, D.-S.

    2017-05-01

    The organization of international trades is highly complex under the collective efforts towards economic profits of participating countries given inhomogeneous resources for production. Considering the trade flux as the probability of exporting a product from a country to another, we evaluate the entropy of the world trades in the period 1950-2000. The trade entropy has increased with time, and we show that it is mainly due to the extension of trade partnership. For a given number of trade partners, the mean trade entropy is about 60% of the maximum possible entropy, independent of time, which can be regarded as a characteristic of the trade fluxes' heterogeneity and is shown to be derived from the scaling and functional behaviors of the universal trade-flux distribution. The correlation and time evolution of the individual countries' gross-domestic products and the number of trade partners show that most countries achieved their economic growth partly by extending their trade relationship.

  20. Finite Boltzmann schemes

    NARCIS (Netherlands)

    Sman, van der R.G.M.

    2006-01-01

    In the special case of relaxation parameter = 1 lattice Boltzmann schemes for (convection) diffusion and fluid flow are equivalent to finite difference/volume (FD) schemes, and are thus coined finite Boltzmann (FB) schemes. We show that the equivalence is inherent to the homology of the

  1. The Evolution of the Romanian Trade Balance in the Trade

    Directory of Open Access Journals (Sweden)

    Terzea Elena Ramona

    2014-09-01

    Full Text Available The present paper aims to analyse the evolution of the trade balance of Romania with the European Union Member States during the 22 years of transition from a centralised system to a democratic economic and social system and an efficient market economy. Nearly 25 years after the events of 1989, Romania has made great steps in order to resettle the entire economic system and to transform it into a functional one. However, the path was filled with inconsistent decisions and with a repositioning of the trajectory dictated by internal or external pressures. The research focuses on a brief analysis of the evolution of the trade between Romania and the EU Member States to determine the effect the integration had on the structural discrepancies between exports and imports.

  2. Harmonisation between National and International Tradeable Permit Schemes. CATEP Synthesis Paper

    International Nuclear Information System (INIS)

    Haites, E.

    2003-01-01

    It is technically possible to link national emissions trading schemes with widely divergent designs. Where design differences create potential problems, technical solutions are available. The greater the similarity of their designs, the easier schemes are to link. During the 2005 - 2007 period the EU Directive, if it is adopted, will lead to the establishment of at least 25 national emissions trading schemes. The Directive specifies many of the design features of these schemes, but leaves the allocation of allowances, rules for banking allowances into the commitment period, use of the opt-out provision, and a few other design features to Member States. The resulting differences among Member State schemes are unlikely to undermine the links between the schemes established by the Directive. The Community may enter into agreements with non-members for mutual recognition of allowances between their emissions trading schemes, but few, if any, links of this type are expected prior to 2008 for practical reasons. Beginning in 2008, Article 17 of the Kyoto Protocol establishes an international emissions trading scheme that can link the national trading schemes of Annex I Parties. It imposes no requirements for harmonisation on the national emissions trading schemes linked. Some design differences could create technical problems, although solutions are available and at least one of the governments involved has an incentive to solve the problem. Adverse competitiveness impacts due to differences in the distribution of allowances across national schemes may need to be addressed through institutions such as the WTO. Most of the national trading schemes will also be subject to the EU Directive and be subject to greater harmonisation after 2008. The result is likely to be a progressive expansion and integration of greenhouse gas allowance markets over the next decade

  3. International Trade and Protectionism.

    Science.gov (United States)

    Stanford Univ., CA. Stanford Program on International and Cross Cultural Education.

    This unit is designed to investigate the reasons for international trade and the issue of trade protectionism by focusing on the case study of the U.S. trade relationship with Taiwan. The unit begins with a simulation that highlights the concepts of global interdependence, the need for international trade, and the distribution of the world's…

  4. Unilateral action by the EC against unfair trade practices

    OpenAIRE

    Großmann, Harald

    1993-01-01

    The European Community has a variety of instruments at its disposal to counter unfair trade practices, but there has long been considerable disagreement within the Community as to when and where they should be applied. To what extent would such measures endanger the benefits of international trade? Can any positive effects be expected?

  5. [Falsified medicines in parallel trade].

    Science.gov (United States)

    Muckenfuß, Heide

    2017-11-01

    The number of falsified medicines on the German market has distinctly increased over the past few years. In particular, stolen pharmaceutical products, a form of falsified medicines, have increasingly been introduced into the legal supply chain via parallel trading. The reasons why parallel trading serves as a gateway for falsified medicines are most likely the complex supply chains and routes of transport. It is hardly possible for national authorities to trace the history of a medicinal product that was bought and sold by several intermediaries in different EU member states. In addition, the heterogeneous outward appearance of imported and relabelled pharmaceutical products facilitates the introduction of illegal products onto the market. Official batch release at the Paul-Ehrlich-Institut offers the possibility of checking some aspects that might provide an indication of a falsified medicine. In some circumstances, this may allow the identification of falsified medicines before they come onto the German market. However, this control is only possible for biomedicinal products that have not received a waiver regarding official batch release. For improved control of parallel trade, better networking among the EU member states would be beneficial. European-wide regulations, e. g., for disclosure of the complete supply chain, would help to minimise the risks of parallel trading and hinder the marketing of falsified medicines.

  6. Trade, trust and the rule of law

    NARCIS (Netherlands)

    Yu, Shu; Beugelsdijk, Sjoerd; de Haan, Jakob

    Well-functioning institutions, both formal (i.e. rule of law) and informal (i.e. trust), facilitate economic exchange. To investigate the nature of the relationship between formal and informal institutions, we analyze bilateral trade patterns in a sample of 16 European countries between 1996-2009.

  7. Trade in parts and components across Europe

    Czech Academy of Sciences Publication Activity Database

    Frensch, R.; Hanousek, J.; Kočenda, Evžen

    2016-01-01

    Roč. 66, č. 3 (2016), s. 236-262 ISSN 0015-1920 Institutional support: RVO:67985556 Keywords : international trade * production networks * gravity model * panel data * European Union Subject RIV: AH - Economics Impact factor: 0.604, year: 2016 http://library.utia.cas.cz/separaty/2016/E/kocenda-0460323.pdf

  8. Employees, Trade Secrets and Restrictive Covenants

    NARCIS (Netherlands)

    Kamperman Sanders, Anselm; Heath, C.

    2017-01-01

    The book covers the protection of trade secrets and the law on post-contractual non-compete clauses (restrictive covenants) in an employment context. The topic is approached on an international and comparative level (chapters 1–3 and 10), and by way of country reports covering several European and

  9. Facing the challenges of the Eu emissions trading scheme

    International Nuclear Information System (INIS)

    Bryers, S.

    2006-01-01

    Carbon Capital Markets, a specialist trader in the EU ETS has helped a number of cement and chalk producers in Europe manage their CO 2 (or EU Allowance (EUA)) position. From its experience with working with these companies, it recommends ways in which manufacturers can manage their CO 2 position more effectively. (author)

  10. Market-based support schemes for renewable energy sources

    NARCIS (Netherlands)

    Fagiani, R.

    2014-01-01

    The European Union set ambitious goals regarding the production of electricity from renewable energy sources and the majority of European governments have implemented policies stimulating investments in such technologies. Support schemes differ in many aspects, not only in their effectivity and

  11. Emissions trading and investment decisions in the power sector-a case study in Finland

    International Nuclear Information System (INIS)

    Laurikka, Harri; Koljonen, Tiina

    2006-01-01

    Organizations, which consider investment in or divestment of power production licences/capacity within the European Community, are exposed to the impacts of the European Union Emission allowance Trading Scheme (EU ETS). In this paper, the consequences of the EU ETS on investment decisions are explored in a country-specific setting in Finland. First, we review the general mechanisms through which the EU ETS influences size, timing and cashflows of an investment. Next, we discuss the projected changes in Finnish power producers' investment environment and examine the financial impacts due to the EU ETS on a case investment decision, a hypothetical condensing power plant (250 MW e ). The standard discounted cash flow (DCF) analysis is extended to take into account the value of two real options: the option to wait and the option to alter operating scale. In a quantitative investment appraisal, the impact of emissions trading not only depends on the expected level of allowance prices, but also on their volatility and correlation with electricity and fuel prices. The case study shows that the uncertainty regarding the allocation of emission allowances is critical in a quantitative investment appraisal of fossil fuel-fired power plants

  12. Swiss hydropower in competition - an analysis with reference to the future European power supply system

    International Nuclear Information System (INIS)

    Balmer, M.; Spreng, D.; Moest, D.

    2006-01-01

    This article takes a look at a number of questions in relation to the future use of Swiss hydropower that are neither clear nor unchallenged. Questions concerning the replacement or refurbishment of hydropower schemes that will have to be renewed in the next few years are asked. Also, developments in the European power market are looked at. The future influence of wind power, trading with CO 2 certificates, increases in the price of gas etc. are examined. An analysis of the competitiveness of Swiss hydropower with reference to the European power supply system that was made by the Centre for Energy Policy and Economics CEPE at the Swiss Federal Institute of Technology ETH is described. The 'Perseus'-model developed by CEPE and the Industrial Technology Institute at the University of Karlsruhe in Germany is used to analyse possible developments over the period up to 2030. The results are presented in graphical form and commented on

  13. European Electricity Markets in Crisis: Diagnostic and Way Forward

    International Nuclear Information System (INIS)

    Roques, Fabien

    2013-01-01

    The European electricity industry is going through a profound crisis as several factors combine to create a challenging operating environment for thermal plants. The key issue is that the regulatory and market framework create a climate of deep policy and regulatory uncertainty which will hamper investments and will not deliver on the long term objectives of decarbonization and competitiveness of the European economy. This report analyses both the short and long term challenges for the European electricity markets, and highlights some directions for reform. The report has three main parts. The first part describes the current status quo and challenges associated with the long term decarbonization of the European economy: Section 1 sets the scene by describing the current challenges for the European electricity industry and the challenges associated with the long term decarbonization of the European economy; Section 2 quantifies the investment challenge for the electricity industry and shows how the current regulatory uncertainty undermines investments and will likely not deliver on the stated policy objectives; The second part of the report focusses on the 'extrinsic' issues which affect electricity markets: Section 3 reviews the wider context for electricity market liberalization, which calls for a rethink of the European energy policy framework, including the recent developments in global energy markets, as well as the impact of rising energy prices on economic competitiveness; Section 4 presents the distortive effects of support policies for low carbon technologies and the issues with the European carbon Trading Scheme; The third and last part of the report concentrates on the 'intrinsic issues' with electricity markets: Section 5 details the experience to date with European electricity markets liberalization, and highlights the achievements as well as the shortcomings of the liberalization and integration process; Section 6 dwells into the 'intrinsic issues

  14. Regional Trade Agreement and Agricultural Trade in East African ...

    African Journals Online (AJOL)

    Intra-EAC trade is very low, that is, at 9 per cent of the total regional trade, but it is on upward trend. Agricultural trade accounts for over 40 per cent of the intra-EAC trade. This study investigated the effect of EAC regional trade agreement on the regions agricultural trade by analyzing the degree of trade creation and ...

  15. Essays on European bond markets

    NARCIS (Netherlands)

    Cheung, Y.C.

    2005-01-01

    This dissertation focused on a number of issues that are of importance in the current European bond market. In the past years, the fiscal policy of the Eurozone members, advances in the technology of trading platforms and the introduction of a single currency have reshaped the fixed income markets

  16. Development of coal international trade

    Energy Technology Data Exchange (ETDEWEB)

    1983-11-01

    Most of the coal produced today is still for domestic consumption but international trade will grow in the future. This development requires investments and time for the realization of terminals, means of transport and preparation. Problems of land and sea transport and their influence on cost are examined. Environmental problems are briefly evolved. Charges, ship size, capacity are given for 1983/84 and estimated for 1987/90 in tables for main exporting countries (Australia, Canada, South Africa, USA and South America) and for importing European countries.

  17. Multi-period emissions trading in the electricity sector-winners and losers

    International Nuclear Information System (INIS)

    Bode, Sven

    2006-01-01

    In the context of controlling greenhouse gas emissions, the directive on a Europe-wide trading scheme may be perceived as one of the most important milestones in recent years. Prior to its start, however, a number of very specific design features have to be agreed upon. Regarding the allocation of allowances, a distribution (almost) free of charge seems to be the most likely choice. An aspect that has interestingly attracted little attention in the past is the question of how to allocate emission rights over time. The following paper analyses different allocation options in multi-period emissions trading that are currently discussed in the European context. The options are applied for the electricity sector which is simulated over two periods. The paper distinguishes between a market effect of emissions trading and compliance costs for meeting the emission reduction obligation. The market effect results from a price increase which is due to the fact that opportunity costs for using allowances must be considered. It turns out that the electricity sector as a whole gains from the introduction of the instrument due to the increase of the electricity price. With regard to the different allocation options, it is found that utilities have different preferences depending on the fuel used

  18. Understanding the side effects of emission trading: implications for waste management.

    Science.gov (United States)

    Braschel, Nina; Posch, Alfred; Pierer, Magdalena

    2014-01-01

    The trading of emission allowances is an important market instrument in climate policy. However, the inclusion of certain branches of industry in the trading system not only provides incentives for emission reduction, it also entails unwanted side effects. Thus, the objective of the present study is to identify such side effects-positive and negative-by examining the potential impact of waste management inclusion in the European Union Emissions Trading Scheme (EU ETS). Desk research was supplemented with qualitative and quantitative empirical analysis (based on expert interviews and a questionnaire) in order to analyse the related perceptions and expectations of actors and stakeholders. The impact of waste management inclusion in the EU ETS is analysed in terms of the following three areas: (i) costs and cost pass-through, (ii), competitiveness and market position, and (iii) carbon leakage. Concerning expectations in the area of costs, both the interviewed experts and the practitioners surveyed thought that costs were likely to increase or that they could be passed on to customers. However, experts and practitioners differed with respect to the possibility of carbon leakage. Clearly, increased knowledge of the possible impact arising from inclusion of the waste sector in the EU ETS would enable managers to become more proactive and to manage waste streams and treatment options more economically.

  19. CONSIDERATIONS ON TRANSACTIONS OF FOREIGN TRADE

    Directory of Open Access Journals (Sweden)

    Paliu-Popa Lucia

    2009-05-01

    Full Text Available In the complex connection process of national economies to global economy flows, an important role has the foreign trade, which in recent decades has become, in the market economy conditions, one of the factors determining for economic growth. Foreign trade, as a separate branch of the national economy is an important factor of economic growth, caused by the internationalization of business and determining for the process of globalization. For Romania, a country still in transition and recent member of the European Union is particularly important to enhance the participation to international trade in goods and services, but also attracting foreign investments in the economy as the main possibilities for the re-industry and restructuring the national economy in order to creation and maintenance of sustainable competitive advantages. Starting from these considerations, in this article I addressed/aproached the theoretical aspects of foreign trade, without omitting intracomunity purchases and deliveries of goods.

  20. Trade, development and sustainability

    DEFF Research Database (Denmark)

    Røpke, Inge

    1994-01-01

    Mainstream economic theory argues that trade, and especially free trade, is beneficial to everyone involved. This fundamental idea ? which has the character of a dogma ? still plays an important role in international discussions on trade issues, notably in relation to development and environment...... be defended in all cases. Especially, the developing countries' benefits from trade have been very dubious. Furthermore, the trading system has contributed to environmental problems in several ways, e.g. generating undervaluation of natural resources, stimulating economic growth with environmental....... The purpose of this article is to critically assess the "free trade dogma" and to investigate the validity of widely used arguments concerning the relations between trade and development and between trade and environment. It is argued that the trading system is not something inherently good, which should...

  1. Networks of global bird invasion altered by regional trade ban.

    Science.gov (United States)

    Reino, Luís; Figueira, Rui; Beja, Pedro; Araújo, Miguel B; Capinha, César; Strubbe, Diederik

    2017-11-01

    Wildlife trade is a major pathway for introduction of invasive species worldwide. However, how exactly wildlife trade influences invasion risk, beyond the transportation of individuals to novel areas, remains unknown. We analyze the global trade network of wild-caught birds from 1995 to 2011 as reported by CITES (Convention on International Trade in Endangered Species of Wild Fauna and Flora). We found that before the European Union ban on imports of wild-caught birds, declared in 2005, invasion risk was closely associated with numbers of imported birds, diversity of import sources, and degree of network centrality of importer countries. After the ban, fluxes of global bird trade declined sharply. However, new trade routes emerged, primarily toward the Nearctic, Afrotropical, and Indo-Malay regions. Although regional bans can curtail invasion risk globally, to be fully effective and prevent rerouting of trade flows, bans should be global.

  2. Eastern Dimension of the European Neighbourhood Policy: Europeanization Mutual Trap

    Directory of Open Access Journals (Sweden)

    V. A. Latkina

    2014-01-01

    Full Text Available The article analyses the Europeanization policy of the European Union towards the Eastern Partnership participant countries. Suffering from the lack of clear strategy and ultimate goal in the European Neighbourhood Policy the European Union enhances external democratization and its governance in post soviet states without immediate Union's membership perspective. Underestimation of common neighbourhood geopolitical duality in the context of growing rivalry between European (EU and Eurasian (Custom Union/Eurasian Economic Union integration gravitation centers presents the Eastern partners of the EU with a fierce dilemma of externally forced immediate geopolitical and civilizational choice while not all of them are well prepared to such a choice. The mutual Europeanization trap here to be studied both for the EU and its Eastern partners (involving Russia is a deficiency of regulating cooperation mechanism in the situation of European and Eurasian free trades zones overlapping. Vilnius Summit 2013 results test the "European aspirations" of the New Independent States and upset the ongoing process of the European Neighbourhood Policy in the context of growing economic interdependence in Wider Europe. Besides, the Ukrainian crisis escalation during 2014 as a new seat of tension provokes unbalance of the whole European security system and creates new dividing lines in Europe from Vancouver to Vladivostok.

  3. Developments in international bioenergy trade

    International Nuclear Information System (INIS)

    Junginger, Martin; Faaij, Andre; Wit, Marc de; Bolkesjoe, Torjus; Bradley, Douglas; Dolzan, Paulo; Piacente, Erik; Walter, Arnaldo da Silva; Heinimoe, Jussi; Hektor, Bo; Leistad, Oeyvind; Ling, Erik; Perry, Miles; Rosillo-Calle, Frank; Ryckmans, Yves; Schouwenberg, Peter-Paul; Solberg, Birger; Troemborg, Erik

    2008-01-01

    The aim of this paper is to present a synthesis of the main developments and drivers of international bioenergy trade in IEA Bioenergy Task 40 member countries, based on various country reports written by Task 40 members. Special attention is given to pellet and ethanol trade. In many European countries such as Belgium, Finland, the Netherlands, Sweden and the UK, imported biomass contributes already significantly (between 21% and 43%) to total biomass use. Wood pellets are currently exported by Canada, Finland and (to a small extent) Brazil and Norway, and imported by Sweden, Belgium, the Netherlands, and the UK. In the Netherlands and Belgium, pellet imports nowadays contribute to a major share to total renewable electricity production. Trade in bio-ethanol is another example of a rapidly growing international market. With the EU-wide target of 5.75% biofuels for transportation in 2010 (and 10% in 2020), exports from Brazil and other countries to Europe are likely to rise as well. Major drivers for international bioenergy trade in general are the large resource potentials and relatively low production costs in producing countries such as Canada and Brazil, and high fossil fuel prices and various policy incentives to stimulate biomass use in importing countries. However, the logistic infrastructure both in exporting and importing countries needs to be developed to access larger physical biomass volumes and to reach other (i.e. smaller) end-consumers. It is concluded that international bioenergy trade is growing rapidly, far beyond what was deemed possible only a few years ago, and may in the future in some Task 40 countries surpass domestic biomass use, especially for specific applications (e.g. transport fuels). (author)

  4. Legislative Provisions Underlying Trade Unions' Right to Define Their Organizational Structure

    Science.gov (United States)

    Korobchenko, Victoria V.; Penov, Yury V.; Safonov, Valery A.

    2016-01-01

    The article contains a comparative analysis of constitutional and other legislative provisions that ensure a trade union's right to define its own administrative structure in European states. The aim of the study is to reveal the management's problems of European trade unions, declarative and empirical mass-character legislative provisions, which…

  5. The European programme on climatic change. Assessment and perspectives

    International Nuclear Information System (INIS)

    Creach, Morgane

    2008-09-01

    After having recalled how the ratification of the Kyoto protocol became the basis of the European programme for the struggle against climatic change (operation of flexibility mechanisms) and how this programme has been implemented, this report describes the content of the first European Climate Change Programme which notably addressed the energy sector with the promotion of energy efficiency and renewable energies, the transport sector, the industry sector with the implementation of the European trading scheme for CO 2 emissions, and a regulation on some fluoridated gases. The second part proposes a contrasted assessment of this first programme. It outlines the difficulties to meet the Kyoto objective and identifies the main reason for that, i.e. the limited abilities of the EU to apply the Kyoto protocol. The third part presents the second programme with an integrated climate-energy policy, the integration of the air transport sector within the ETS, a new strategy of reduction of CO 2 emissions by cars, and the definition of a strategy for adaptation to climate change in Europe

  6. Redirecting International Trade

    DEFF Research Database (Denmark)

    Kokko, Ari; Söderlund, Bengt; Tingvall, Patrik Gustavsson

    2014-01-01

    The global financial crisis has contributed to the redirection of trade towards new markets outside the OECD area, where both demand patterns and the institutional environment differ from those in the OECD. This study provides an empirical examination of the consequences of this shift, based......-specific investments are particularly difficult to redirect towards markets with weak institutions....... on Swedish firm-level trade data. Results suggest that weak institutions hamper trade and reduce the length of trade relations, especially for small firms. Trade in industries that are characterized by a high frequency of trade conflicts and where transactions require extensive relationship...

  7. Redirecting International Trade

    DEFF Research Database (Denmark)

    Kokko, Ari; Söderlund, Bengt; Tingvall, Patrik Gustavsson

    The global financial crisis has accelerated the redirection of trade towards new markets, outside the OECD area, where both demand patterns and the institutional environment differ from those in the OECD. This study provides an empirical examination of the consequences of this shift. Results...... difficult to redirect towards markets with weak institutions....... suggest that weak institutions hamper trade and reduces the length of trade relations, especially for small firms. Furthermore, trade in industries that are characterized by a high degree of trade conflicts and that requires extensive relationship specific investments for trade to occur are comparatively...

  8. Scheme Program Documentation Tools

    DEFF Research Database (Denmark)

    Nørmark, Kurt

    2004-01-01

    are separate and intended for different documentation purposes they are related to each other in several ways. Both tools are based on XML languages for tool setup and for documentation authoring. In addition, both tools rely on the LAML framework which---in a systematic way---makes an XML language available...... as named functions in Scheme. Finally, the Scheme Elucidator is able to integrate SchemeDoc resources as part of an internal documentation resource....

  9. Systemic trade risk of critical resources.

    Science.gov (United States)

    Klimek, Peter; Obersteiner, Michael; Thurner, Stefan

    2015-11-01

    In the wake of the 2008 financial crisis, the role of strongly interconnected markets in causing systemic instability has been increasingly acknowledged. Trade networks of commodities are susceptible to cascades of supply shocks that increase systemic trade risks and pose a threat to geopolitical stability. We show that supply risk, scarcity, and price volatility of nonfuel mineral resources are intricately connected with the structure of the worldwide trade networks spanned by these resources. At the global level, we demonstrate that the scarcity of a resource is closely related to the susceptibility of the trade network with respect to cascading shocks. At the regional level, we find that, to some extent, region-specific price volatility and supply risk can be understood by centrality measures that capture systemic trade risk. The resources associated with the highest systemic trade risk indicators are often those that are produced as by-products of major metals. We identify significant strategic shortcomings in the management of systemic trade risk, in particular in the European Union.

  10. Negotiating services liberalization within TTIP : The EU external trade policy at crossroads

    NARCIS (Netherlands)

    Delimatsis, Panagiotis

    2016-01-01

    The conclusion of the Transatlantic Trade and Investment Partnership (TTIP) constitutes a priority and key component of the new external trade policy of the European Union (EU) and an immediate follow-up to several years of regulatory cooperation between the two global trade powers. In an era of

  11. Global warming agreements, international trade and energy/carbon embodiments: an input-output approach to the Italian case

    International Nuclear Information System (INIS)

    Mongelli, I.; Tassielli, G.; Notarnicola, B.

    2006-01-01

    In the Kyoto Protocol the absence of Green House Gases (GHGs) commitments of developing countries (non-Annex I) and the more flexible terms of implementation which are allowed to countries shifting toward a market economy (transition economies) naturally lead to the absence or to less constraining national measures and policies of reduction of the GHGs emissions which, in turn, may determine a comparative advantage in the production of the highest energy/carbon intensive commodities for these countries. These arguments are valid also considering the future implementation of the European Emission Allowance Trading Scheme (EATS). Thus, developing countries may become a haven for the production of not environmental-friendly commodities; in this case, the so-called Pollution Haven Hypothesis, stating that due to freer international trade the comparative advantage may change the economic structure and consequently the trade patterns of the countries linked by trade relationships, could occur. This would lead to the increase of the transfers of energy and carbon embodied in traded commodities from developing countries and transition economies toward Kyoto or EATS constrained countries. The aim of this paper is to verify if for Italy, as a Kyoto and EATS complying country, evidence of a change in the trade patterns, occurred on the basis of the Pollution Haven Hypothesis, does exist and to estimate the magnitude of the under-estimation of the carbon actually emitted: the carbon leakage. The Input-Output model has been used to calculate the intensities of energy consumption and the related Green House Gases emission, for each Italian economic sector

  12. Trade in goods

    DEFF Research Database (Denmark)

    Sørensen, Karsten Engsig

    2006-01-01

    An analysis of the rules governing trade in goods under the GATT agreement and the Agreement on Safeguards......An analysis of the rules governing trade in goods under the GATT agreement and the Agreement on Safeguards...

  13. Emissions Trading Resources

    Science.gov (United States)

    Learn about emissions trading programs, also known as cap and trade programs, which are market-based policy tools for protecting human health and the environment by controlling emissions from a group of sources.

  14. Trade Agreements PTI

    Data.gov (United States)

    Department of Homeland Security — The objective of the Trade Agreements PTI is to advance CBP’s mission by working with internal and external stakeholders to facilitate legitimate trade and address...

  15. How to design greenhouse gas trading in the EU?

    DEFF Research Database (Denmark)

    Svendsen, Gert Tinggaard; Vesterdal, Morten

    2001-01-01

    A new and remarkable Green Paper about how to trade Greenhouse gases (GHG) in the EU has recently been published by the Commission of the European Union. This to achieve the stated 8% reduction target level. The Green Paper raises ten questions about how greenhouse gas permit trading should...... be designed in the EU before year 2005. These ten questions can be compressed into four main issues, namely target group, allocation of emission allowances, how to mix emission trading with other instruments and fourth enforcement. In the literature, there is a strong need to guide decision...... concerning the future design of GHG permit trading in the EU....

  16. How to Design Greenhouse Gas Trading in the EU?

    DEFF Research Database (Denmark)

    Svendsen, Gert Tinggaard; Vesterdal, Morten

    2003-01-01

    A new and remarkable Green Paper about how to trade Greenhouse gases (GHG) in the EU has recently been published by the Commission of the European Union. This to achieve the stated 8% reduction target level. The Green Paper raises ten questions about how greenhouse gas permit trading should...... be designed in the EU before year 2005. These ten questions can be compressed into four main issues, namely target group, allocation of emission allowances, how to mix emission trading with other instruments and fourth enforcement. In the literature, there is a strong need to guide decision...... concerning the future design of GHG permit trading in the EU. Udgivelsesdato: NOV...

  17. Electricity trade under financial market supervision; Der Stromhandel unter Finanzmarktaufsicht

    Energy Technology Data Exchange (ETDEWEB)

    Hagena, Martin

    2011-07-01

    With the competitive opening of the electricity market at European and national level, the goods electricity became a freely traded commodity. The author of the contribution under consideration describes the legal consequences related to financial market for trading electricity in the context of the current Directive 2004/39/EC now under consideration of the commodity futures trading in its representational scope. The statements clearly indicate that the power market is a goods market with its own laws and not a classical financial market. It considers what characteristics exist in electricity trading and whether and how they are considered for regulatory purposes.

  18. European Union

    International Nuclear Information System (INIS)

    Schaller, K.

    1995-01-01

    Different instruments used by European Commission of the European Union for financial support radioactive waste management activities in the Russian Federation are outlined. Three particular programmes in the area are described

  19. Trade, Labor, Legitimacy

    OpenAIRE

    Guzman, Andrew

    2003-01-01

    The relationship between international trade and labor standards is one of several controversial issues facing the WTO. Proponents of a trade-labor link argue that labor is a human rights issue and that trade sanctions represent a critical tool in the effort to improve international working conditions. Opponents argue that a link between trade and labor would open the door to protectionist measures that would target low wage countries and harm the very workers the policy is intended to help. ...

  20. Multiresolution signal decomposition schemes

    NARCIS (Netherlands)

    J. Goutsias (John); H.J.A.M. Heijmans (Henk)

    1998-01-01

    textabstract[PNA-R9810] Interest in multiresolution techniques for signal processing and analysis is increasing steadily. An important instance of such a technique is the so-called pyramid decomposition scheme. This report proposes a general axiomatic pyramid decomposition scheme for signal analysis

  1. Individual Attitudes Towards Trade

    DEFF Research Database (Denmark)

    Jäkel, Ina Charlotte; Smolka, Marcel

    2013-01-01

    Using the 2007 wave of the Pew Global Attitudes Project, this paper finds statistically significant and economically large Stolper-Samuelson effects in individuals’ preference formation towards trade policy. High-skilled individuals are substantially more pro-trade than low-skilled individuals......-Ohlin model in shaping free trade attitudes, relative to existing literature....

  2. Trade Remedies: A Primer

    National Research Council Canada - National Science Library

    Jones, Vivian C

    2006-01-01

    The United States and many of its trading partners use laws known as trade remedies to mitigate the adverse impact of various trade practices on domestic industries and workers. U.S. antidumping laws (19 U.S.C. 1673 et seq...

  3. Trade Remedies: A Primer

    National Research Council Canada - National Science Library

    Jones, Vivian C

    2007-01-01

    The United States and many of its trading partners use laws known as trade remedies to mitigate the adverse impact of various trade practices on domestic industries and workers. U.S. antidumping (AD) laws (19 U.S.C. 1673 et seq...

  4. Trade Remedies: A Primer

    National Research Council Canada - National Science Library

    Jones, Vivian C

    2008-01-01

    The United States and many of its trading partners use laws known as trade remedies to mitigate the adverse impact of various trade practices on domestic industries and workers. U.S. antidumping (AD) laws (19 U.S.C. 1673 et seq...

  5. Banking and Trading

    NARCIS (Netherlands)

    Boot, A.W.A.; Ratnovski, L.

    2016-01-01

    We study the interaction between relationship banking and short-term arm’s length activities of banks, called trading. We show that a bank can use the franchise value of its relationships to expand the scale of trading, but may allocate too much capital to trading ex post , compromising its ability

  6. Adaptive protection scheme

    Directory of Open Access Journals (Sweden)

    R. Sitharthan

    2016-09-01

    Full Text Available This paper aims at modelling an electronically coupled distributed energy resource with an adaptive protection scheme. The electronically coupled distributed energy resource is a microgrid framework formed by coupling the renewable energy source electronically. Further, the proposed adaptive protection scheme provides a suitable protection to the microgrid for various fault conditions irrespective of the operating mode of the microgrid: namely, grid connected mode and islanded mode. The outstanding aspect of the developed adaptive protection scheme is that it monitors the microgrid and instantly updates relay fault current according to the variations that occur in the system. The proposed adaptive protection scheme also employs auto reclosures, through which the proposed adaptive protection scheme recovers faster from the fault and thereby increases the consistency of the microgrid. The effectiveness of the proposed adaptive protection is studied through the time domain simulations carried out in the PSCAD⧹EMTDC software environment.

  7. Management of spent sealed radioactive sources in the European Union

    International Nuclear Information System (INIS)

    Cecille, L.; Taylor, D.

    2000-01-01

    For several years, the European Commission (EC) has been active in the field of spent sealed radioactive sources (SSRS) to improve management schemes and to prepare Euratom Directives that will impact on national legislation and regulatory schemes in European Member States (MS). The main safety issues related to the management of SSRS are described and recommendations made are presented. Additional projects are outlined. (author)

  8. Belgium’s position in world trade

    OpenAIRE

    V. Baugnet; K. Burggraeve; L. Dresse; Ch. Piette; B. Vuidar

    2010-01-01

    The objective of the article is to give a general overview of the position that Belgium occupies in the world trade stakes and its ability to adjust in response to changes in the international environment. Over the last two decades, world trade has expanded considerably, buoyed up by the rapid growth of new economic centres, the advanced economies generally having seen a drop in their market share. However, the growth in Belgium’s exports has lagged behind the average for twelve European coun...

  9. Secondary Education in the European Union: Structures, Organisation and Administration.

    Science.gov (United States)

    EURYDICE European Unit, Brussels (Belgium).

    This study examines the existing secondary education structures of the European Union member nations, the organization of education, teacher training, and the way in which secondary education is managed in Europe today. The three European Free Trade Association/European Economic Area (EFTA/EEC) countries (Iceland, Liechtenstein, and Norway) also…

  10. CO2 trading and its influence on electricity markets. Final report for DTe

    International Nuclear Information System (INIS)

    Franke, M.

    2006-02-01

    The Dutch Ministry of Economics has asked the Dutch energy regulator (DTe) to gather factual information about the impact of the introduction of the European CO2 emission trading scheme (EU ETS) on the functioning of the Dutch wholesale electricity market and, in particular, to estimate the extent of windfall profits that generators may have realised as a consequence of the EU ETS. DTe has in turn appointed Frontier Economics to assist in the preparation of its advice to the Ministry. Separately, but as a parallel task, DTe has also asked us to provide guidance on the way in which DTe should monitor the performance of the wholesale electricity market in an era of CO2 trading. Section 2 describes the EU ETS, as background to the study. The section describes the institutional context, the way that the emission trading system has generally been implemented at a national level, and the way that the price of European Union Allowances (EUAs or allowances) has developed historically. Section 3 describes the way in which the EU ETS has had an impact on the Dutch electricity market including: the allocation of EUAs to the power sector in the Netherlands; the (theoretical) impact of the EU ETS on electricity generators' incentives; evidence on generators' behaviour; and the empirical evidence of the relationship between EUA prices and electricity prices (or spark and dark spreads). Section 4 provides a conceptual framework for the estimation of windfall profits. Section 5 deals with detailed assumptions that we have made and data issues we have encountered in our attempts to estimate windfall profits; and Section 6 presents and discusses our estimates of windfall profits

  11. Did the economic crisis change V4 trade patterns? The case of intra-industry trade

    Directory of Open Access Journals (Sweden)

    Patryk Emanuel TOPOROWSKI

    2017-12-01

    Full Text Available This study revisits knowledge about the post-EU accession intra-industry trade development in the Visegrad countries (Czech Republic, Hungary, Poland, and the Slovak Republic. These countries—through trade liberalisation, European integration and EU accession—strengthened their position in the global value chains, part of which were located in Western Europe. This paper points out that during the global financial crisis, the changes in intra-industry specialisation were not coherent in the Visegrad countries. Moreover, in some cases, the specialisation even intensified. This paper also applies the Arellano-Bover/Blundell-Bond estimator to assess whether EU accession and the later global financial crisis were driving forces of the changing trade patterns of these countries. The results of the estimation proved the positive effect of European integration (before and after EU enlargement and the negative effect of the crisis.

  12. Cooperative strategies European perspectives

    CERN Document Server

    Killing, J Peter

    1997-01-01

    Cooperative Strategies: European Perspectives is one of three geographically targeted volumes in which the contributors present the most current research on topics such as advances in theories of cooperative strategies, the formation of cooperative alliances, the dynamics of partner relationships, and the role of information and knowledge in cooperative alliances. Blending conceptual insights with empirical analyses, the contributors highlight commonalities and differences across national, cultural, and trade zones. The chapters in this volume are anchored in a wide set of theoretical approaches, conceptual frameworks, and models, illustrating how rich the area of cooperative strategies is for scholarly inquiry.

  13. Greenhouse gas emissions trading and complementary policies. Developing a smart mix for ambitious climate policies

    Energy Technology Data Exchange (ETDEWEB)

    Matthes, Felix C.

    2010-06-15

    . Closer examination of the practical implementation of the European Union Emissions Trading Scheme (EU ETS) shows very clearly that substantial differences to an ideal type of emissions trading scheme have to be taken into account, which can or should only be eliminated in the longer term or, for practical reasons, not at all. Further, analysis of the market development of the EU ETS up to now demonstrates that a strategic, robustly developed climate policy which meets the ambitiousness described also has to factor in the possibility that an emissions trading scheme cannot produce any long-term scarcity signals for different reasons (e.g. continual opportunities for revision in democratic systems, operational realities) and can thus always only serve the - essential - purpose of clearing emission reduction options close to the market which are available in the short to medium term.

  14. Green certificates and carbon trading in the Netherlands

    International Nuclear Information System (INIS)

    Boots, M.

    2003-01-01

    The combination of trading schemes for green certificates and for carbon, as they are implemented and planned in the Netherlands, imply a complete separation of green certificates and CO 2 markets. This means that the costs of CO 2 reduction will be reflected in the spot price of electricity and that the price of green certificates only reflects the additional cost of RE development. However, since the green certificate scheme is already implemented, while the carbon trading scheme is not, it is unclear if currently the green certificate value includes the CO 2 reduction value of RE production. It is important that buyers and sellers in the market for green certificates agree on what they are trading, therefore this issue should be clarified

  15. Measuring Technique for emission of carbon dioxide - principles and costs for monitoring within the framework of the EU Emissions Trading Scheme; Maetteknik foer koldioxidutslaepp - principer och kostnader foer oevervakning inom ramen foer EU:s system foer handel med utslaeppsraetter foer koldioxid

    Energy Technology Data Exchange (ETDEWEB)

    Lau, Peter; Gustavsson, Lennart; Magnusson, Bertil; Loefdahl, Gunn-Mari

    2004-07-01

    The report describes different methods to monitor the variables, used to calculate the emission of carbon dioxide, within the framework of the Emissions Trading Scheme. All factors such as the amount of material (e.g. fuel used from supply data or measurement), the thermal value, transition- or emission factor and any oxidation factor of the material, are discussed. The main part of the report, chapters 3-5, deals with the measurements of the so called activity data, i.e. primarily the amount of fuel and carbonaceous materials which will result in CO{sub 2}- emission, and which is introduced to, or which is the result of a process in the form of a product. A background regarding metrological aspects is given, primarily how the uncertainty of the different monitoring levels of the reported CO{sub 2}-values, can be met. Chapter 6 deals with the thermal value, transition- or emission factor and the oxidation factor. As a conclusion from putting together this report, we can verify that there are many different types of scales and flow-meters (for liquids) that technically have the potential to determine the amount of fuel/material with sufficiently low measurement uncertainty, even to reach the highest verification level of 1 %. But to make this work in practice, a number of requirements must be met. The measuring instruments must be installed and maintained in such a way that the capability of the instruments really is utilized. In many cases, there must also be routines on how to handle the results from the measurements, including e.g. correction for temperature etc. A tip for those that quickly wish to find vital information is to use the compilations that can be found as figures in the report. In the compilation over 'Conditions' Chapter 4, information on the prerequisites that must be met for the measuring instrument related to the different verification (uncertainty) levels, is compiled in one diagram, with codes referring to short descriptions

  16. The trading relationship between the EU and Mercosur: the mediatory role of Brazil

    OpenAIRE

    Santos, Filipa Daniela Gomes dos

    2015-01-01

    Dissertação de mestrado em European and Transglobal Business Law The global multilateralism has been the option for the expansion of trade and economic investments. The objectives of free trade exceeded the traditional notion of trade in goods liberalization to include contemporary topics such as services, investment and intellectual property and to be consistent with the rules established by the World Trade Organization (WTO). The interest of developing countries to impleme...

  17. European Union, 2017

    Directory of Open Access Journals (Sweden)

    Malone Margaret Mary

    2018-02-01

    Full Text Available The year 2017 was eventful for the EU and its member states. Given the widespread Euroscepticism and populism which appeared to be on the rise last year, election results in the Netherlands, France and Germany were greeted with relief and hope for the future. The EU was in an optimistic mood. European Commission President Jean- Claude Juncker used his State of the European Union speech in September to note that the EU had the ‘wind in its sails’ (Juncker, 2017. At the same time, he cautioned that the fair weather conditions would not last long - there was no room for complacency. The EU had to act to protect, empower and defend its citizens. The EU moved forward on a number of policy fronts in the wake of the Brexit vote and also concluded high-profile international trade deals in an effort to fill the vacuum left by the protectionist policies of the Trump administration.

  18. Relatedness and diversification in the European Union (EU-27) and European Neighbourhood Policy countries

    NARCIS (Netherlands)

    Boschma, Ron; Capone, Gianluca

    2016-01-01

    This paper analyzes the process of industrial diversification in the countries that were part of the European Union (EU-27) and those that were the target of the European Neighbourhood Policy (ENP) in the period 1995–2010 by means of world trade data derived from the BACI database (elaborated UN

  19. Threshold Signature Schemes Application

    Directory of Open Access Journals (Sweden)

    Anastasiya Victorovna Beresneva

    2015-10-01

    Full Text Available This work is devoted to an investigation of threshold signature schemes. The systematization of the threshold signature schemes was done, cryptographic constructions based on interpolation Lagrange polynomial, elliptic curves and bilinear pairings were examined. Different methods of generation and verification of threshold signatures were explored, the availability of practical usage of threshold schemes in mobile agents, Internet banking and e-currency was shown. The topics of further investigation were given and it could reduce a level of counterfeit electronic documents signed by a group of users.

  20. Abatement of CO{sub 2} emissions in the European Union

    Energy Technology Data Exchange (ETDEWEB)

    Lesourne, J.; Keppler, J.H.; Jaureguy-Naudin, Maite; Smeers, Yves; Bouttes, Jean-Paul; Trochet, Jean-Michel; Dassa, Francois; Neuhoff, Karsten

    2008-07-01

    This first monograph of the Ifri program on European Governance and Geopolitics of Energy is devoted to the control of carbon dioxide emissions within the European Union. Since it is almost unanimously accepted that Greenhouse Gas emissions constitute the main cause of the observed increase of the world average temperature, the system implemented by the European Union to limit and decrease the CO{sub 2} emissions is a significant pillar of the EU energy policy, the two others being the acceptance by the Member States of long-term commitments (for instance on the future share of renewable energy sources in their energy balance sheet) and the establishment of an internal market for electricity and gas. Though simple in principle, the European Union Greenhouse Gas Emission Trading Scheme (EU ETS) is in fact rather complex, and only experts really understand its merits and its deficiencies. These deficiencies are real and will have to be corrected in the future for the system to be effective. At this moment, when the 2005-2007 trial phase of the EU ETS is ending, the monograph has the purpose to stimulate the discussion between experts and to enable all those interested in the topic to understand the issues and to take part in the public debates on the subject. The monograph contains five papers: - 'An Overview of the CO{sub 2} Emission Control System in the European Union' by Jacques Lesourne and Maite Jaureguy-Naudin. - 'Description and Assessment of EU CO{sub 2} Regulations' by Yves Smeers. - 'Assessment of EU CO{sub 2} Regulations' by Jean-Paul Bouttes, Jean-Michel Trochet and Francois Dassa. - 'Investment in Low Carbon Technologies, Policies for the Power Sector' by Karsten Neuhoff. - 'Lessons Learned from the 2005-2007 Trial Phase of the EU Emission Trading System' by Jan Horst Keppler