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The European Emission Trading Scheme and Renewable Energy Policies: Credible Targets for Incredible Results? AgEcon
Borghesi, Simone.
This paper discusses the merits and limits of the recent European energy policy aimed at reducing carbon emissions, devoting particular attention to the European Trading System of carbon permits and to the measures that the European Union has adopted to promote renewable energy sources. From the comparison of past goals and present results, it is argued that more credible targets for carbon emission reductions and renewable shares would probably help the transition towards an alternative energy system and the necessary reduction of greenhouse gases.
Tipo: Working or Discussion Paper Palavras-chave: Pollution; Sustainable Development; Climate Change; Fossil Fuels; Energy Policy; European Union; European Trading System (ETS); Cap-And-Trade; Renewable Energy Sources; Credibility; Environmental Economics and Policy; L11; Q28; Q38; Q42; Q43; Q48.
Ano: 2010 URL: http://purl.umn.edu/98099
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Environmental Options and Technological Innovation: An Evolutionary Game Model AgEcon
Antoci, Angelo; Borghesi, Simone; Galeotti, Marcello.
This paper analyses the effects on economic agents' behaviour of an innovative environmental protection mechanism that the Public Administration of a tourist region may adopt to attract visitors while protecting the environment. On the one hand, the Public Administration sells to the tourists an environmental call option that gives them the possibility of being (partially or totally) reimbursed if the environmental quality in the region turns out to be below a given threshold level. On the other hand, it offers the firms that adopt an innovative, non-polluting technology an environmental put option that allows them to get a reimbursement for the additional costs imposed by the new technology if the environmental quality is above the threshold level. The...
Tipo: Working or Discussion Paper Palavras-chave: Environmental Bonds; Call and Put Options; Technological Innovation; Evolutionary Dynamics; Environmental Economics and Policy; C73; D62; G10; O30; Q28.
Ano: 2009 URL: http://purl.umn.edu/55289
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Brown Sunsets and Green Dawns in the Industrial Sector: Environmental Innovations, Firm Behavior and the European Emission Trading AgEcon
Borghesi, Simone; Cainelli, Giulio; Mazzanti, Massimiliano.
We study the driving forces behind the adoption of environmental innovations (EI) in the Italian industry over 2006-2008 through analyses of the new wave of Community Innovation Survey (CIS) data that covered for the first time environmental innovation adoptions. We investigate whether the first phase of EU ETS has exerted some effects on environmental innovations by using a very large sample of italian manufcturing firms. Estimates show that external forces and complementarity with other management practices are particularly relevant to increase the adoption of relatively new and radical technologies: relationships with other firms and institutions, local public funding, group membership are the key factors. The role of ETS on EI seems instead to be weak:...
Tipo: Working Paper Palavras-chave: Environmental Innovation; Industrial Sectors; ETS; Innovation Drivers; CIS Data; Environmental Economics and Policy; C21; L2; O33; Q38; Q55.
Ano: 2012 URL: http://purl.umn.edu/121701
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