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Tradable CO{sub 2} permits in Danish and European energy policy

Abstract

This report presents the results of the project 'Tradable CO{sub 2} permits in Danish and European energy policy'. The project was financed by a grant from the Danish Energy Research Programme 1998 (Grant 1753/98-0002). The project was conducted in co-operation between Elsamprojekt A/S (project manager), Risoe National Laboratory, Aarhus School of Business and I/S Eltra. The three major objectives of the project were: To identify and analyse the economical and political issues that are relevant with regard to the construction of a tradable CO{sub 2} permit market as well as proposing a suitable design for a tradable CO{sub 2} permit market for the energy sector in the EU. Experience from the tradable S{sub O}2 permit market in the US is taken into consideration as well. To present an overview of price estimates of CO{sub 2} and greenhouse gas permits in different models as well as discussing the assumptions leading to the different outcomes. Furthermore, the special role of backstop technologies in relation to permit prices is analysed. To analyse the connection between CO{sub 2} permit prices and technology choice in the energy sector in the medium and longer term (i.e., 2010 and 2020) with a special emphasis on combined heat  More>>
Authors:
Varming, S; Vesterdal, M; [1]  Boerre Eriksen, P; [2]  Grohnheit, P E; Nielsen, L; [3]  Tinggaard Svendsen, G [4] 
  1. ELSAMPROJEKT A/S (Denmark)
  2. Eltra I/S (Denmark)
  3. RISOe (Denmark)
  4. Handelshoejskolen i Aarhus (Denmark)
Publication Date:
Aug 01, 2000
Product Type:
Technical Report
Report Number:
RISO-R-1184(EN)
Reference Number:
EDB-01:043374
Resource Relation:
Other Information: EFP-98; 37 tabs, 52 ills., 122 refs.; PBD: Aug 2000
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; AIR POLLUTION ABATEMENT; CARBON DIOXIDE; COGENERATION; DENMARK; ECONOMIC ANALYSIS; ELECTRIC POWER INDUSTRY; ENERGY POLICY; ENVIRONMENTAL POLICY; EUROPEAN UNION; INTEREST RATE; LICENSES; MATHEMATICAL MODELS; SPOT MARKET; SULFUR DIOXIDE; TRADE; USA
OSTI ID:
20119759
Research Organizations:
Risoe National Lab., Roskilde (Denmark). Systems Analysis Dept., Eltra, Fredericia (Denmark); ELSAMPROJEKT A/S, Fredericia (Denmark)
Country of Origin:
Denmark
Language:
English
Other Identifying Numbers:
Other: Contract ENS-1753/98-0002; ISBN 87-550-2703-2; ISBN 87-550-2704-0 (Internet); TRN: DK0001323
Availability:
Available to ETDE participating countries only(see www.etde.org); commercial reproduction prohibited; OSTI as DE20119759
Submitting Site:
DK
Size:
221 pages
Announcement Date:

Citation Formats

Varming, S, Vesterdal, M, Boerre Eriksen, P, Grohnheit, P E, Nielsen, L, and Tinggaard Svendsen, G. Tradable CO{sub 2} permits in Danish and European energy policy. Denmark: N. p., 2000. Web.
Varming, S, Vesterdal, M, Boerre Eriksen, P, Grohnheit, P E, Nielsen, L, & Tinggaard Svendsen, G. Tradable CO{sub 2} permits in Danish and European energy policy. Denmark.
Varming, S, Vesterdal, M, Boerre Eriksen, P, Grohnheit, P E, Nielsen, L, and Tinggaard Svendsen, G. 2000. "Tradable CO{sub 2} permits in Danish and European energy policy." Denmark.
@misc{etde_20119759,
title = {Tradable CO{sub 2} permits in Danish and European energy policy}
author = {Varming, S, Vesterdal, M, Boerre Eriksen, P, Grohnheit, P E, Nielsen, L, and Tinggaard Svendsen, G}
abstractNote = {This report presents the results of the project 'Tradable CO{sub 2} permits in Danish and European energy policy'. The project was financed by a grant from the Danish Energy Research Programme 1998 (Grant 1753/98-0002). The project was conducted in co-operation between Elsamprojekt A/S (project manager), Risoe National Laboratory, Aarhus School of Business and I/S Eltra. The three major objectives of the project were: To identify and analyse the economical and political issues that are relevant with regard to the construction of a tradable CO{sub 2} permit market as well as proposing a suitable design for a tradable CO{sub 2} permit market for the energy sector in the EU. Experience from the tradable S{sub O}2 permit market in the US is taken into consideration as well. To present an overview of price estimates of CO{sub 2} and greenhouse gas permits in different models as well as discussing the assumptions leading to the different outcomes. Furthermore, the special role of backstop technologies in relation to permit prices is analysed. To analyse the connection between CO{sub 2} permit prices and technology choice in the energy sector in the medium and longer term (i.e., 2010 and 2020) with a special emphasis on combined heat and power and renewables. In addition, the short-term effects on CO{sub 2} emissions and electricity trade of introducing tradable CO{sub 2} permit with limited coverage (i.e. a national system) as well as complete coverage (i.e. including all the countries) in the Nordic electricity system are analysed. (au)}
place = {Denmark}
year = {2000}
month = {Aug}
}