Substitution and Technological Change under Carbon Cap and Trade : Lessons from Europe

The use of carbon-intense fuels by the power sector contributes significantly to the greenhouse gas emissions of most countries. For this reason, the sector is often key to initial efforts to regulate emissions. But how long does it take before new...

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Bibliographic Details
Main Authors:	Considine, Timothy J., Larson, Donald F.
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ALLOCATION OF PERMITS APPROACH ATMOSPHERE AVAILABILITY AVERAGE PRICES BIOMASS CARBON CARBON ABATEMENT CARBON CAPTURE CARBON CONTENT CARBON DIOXIDE CARBON DIOXIDE EMISSION CARBON DIOXIDE EMISSIONS CARBON EMISSION CARBON EMISSION FACTOR CARBON EMISSION REDUCTIONS CARBON EMISSIONS CARBON ENERGY CARBON FUELS CARBON INTENSITY CARBON MARKETS CARBON OFFSET CARBON OFFSETS CARBON PATH CARBON PRICE CARBON PRICES CARBON PRICING CEMENT CERTIFIED EMISSION REDUCTIONS CLIMATE CHANGE CLIMATE CHANGE POLICIES CLIMATE POLICY COAL COMBUSTION CONSUMPTION OF PETROLEUM CYCLE GAS DEMAND ELASTICITY DEMAND FOR ELECTRICITY DEMAND FUNCTIONS ELASTICITY OF SUBSTITUTION ELECTRIC POWER ELECTRIC POWER GENERATION ELECTRIC POWER PRODUCTION ELECTRIC POWER SECTOR ELECTRIC UTILITIES ELECTRICITY ELECTRICITY GENERATION ELECTRICITY PRICES ELECTRICITY PRODUCERS ELECTRICITY PRODUCTION EMISSION EMISSION ABATEMENT EMISSION CONTROLS EMISSION FACTOR EMISSION LIMITS EMISSION PERMITS EMISSION REDUCTIONS EMISSION TRADING EMISSIONS INCREASES EMPLOYMENT ENERGY MARKET ENERGY MARKETS ENERGY PRICES ENERGY PRODUCTION ENERGY RESOURCES ENERGY SERVICE ENERGY SOURCES FACTOR PRICES FERROUS METALS FOSSIL FOSSIL ENERGY FOSSIL FUEL FOSSIL FUEL CONSUMPTION FOSSIL FUEL USE FOSSIL FUELS FREE ENERGY FUEL FUEL OIL FUEL PRICE FUEL PRICES FUEL SUBSTITUTION FUEL SWITCHING FUEL USE FUELS GAS TURBINE GAS TURBINE TECHNOLOGY GENERATING CAPACITY GENERATION CAPACITY GEOTHERMAL CAPACITY GEOTHERMAL ENERGY GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS HEAT HEAT RATE HYDROELECTRIC ENERGY HYDROELECTRIC POWER INPUT PRICES INTERNATIONAL ENERGY AGENCY IRREVERSIBLE INVESTMENTS MARGINAL COST OF ELECTRICITY MARGINAL GENERATION MARGINAL GENERATION COST MARKET PRICES MEMBER STATES MONOPOLY NATURAL GAS NATURAL GAS CONSUMPTION NATURAL GAS OUTPUT NATURAL GAS PRICES NATURAL RESOURCES NUCLEAR ELECTRICITY NUCLEAR ENERGY NUCLEAR FUEL NUCLEAR GENERATION NUCLEAR PLANTS NUCLEAR POWER OIL OIL PRICE OIL PRICES OIL REFINERIES PETROLEUM POLLUTION POTENTIAL DEMAND POWER POWER GRID POWER PRODUCERS POWER SECTOR PRICE CHANGES PRICE ELASTICITY PRICES OF FUELS PRICING MODEL PRIMARY ENERGY PRIMARY FUEL PRODUCTION OF ELECTRICITY PURCHASING REDUCTION IN CARBON RENEWABLE ELECTRICITY RENEWABLE ENERGY RENEWABLE ENERGY CAPACITY RENEWABLE ENERGY GENERATION RENEWABLE ENERGY RESOURCES RENEWABLE GENERATION RENEWABLE RESOURCES RENEWABLE SOURCES SALES SPOT PRICES STOCKS SUBSTITUTES SULFUR SULFUR DIOXIDE SURPLUS THERMAL EFFICIENCY WHOLESALE PRICES WIND
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090608131814 http://hdl.handle.net/10986/4150