Markets for Carbon and Power Pricing in Europe – Theoretical Issues and Empirical Analyses

Contents: 1. Introduction Francesco Gulli PART I: OVERVIEW AND THEORETICAL ISSUES 2. The European Emissions Trading Scheme: Overview, Lessons and Perspectives Liliya Chernyavs'ka 3. Modelling the Short-run Impact of 'Carbon Trading' on the Electricity Sector Francesco Gulli 4. From Electricity Prices to Electricity Costs: Impact of Emissions Trading on Industry's Electricity Purchasing Strategies Julia Reinaud PART II: EMPIRICAL ANALYSES 5. Options to Address Concerns Regarding EU ETS-Induced Increases in Power Prices and Generators' Profits: The Case of Carbon Cost Pass-through in Germany and the Netherlands Jos Sijm, Sebastiaan Hers and Bas Wetzelaer 6. A Vector Error Correction Model of the Interactions Among Gas, Electricity and Carbon Prices: An Application to the Cases of Germany and the United Kingdom Derek W. Bunn and Carlo Fezzi 7. Impacts of the European Emissions Trading Scheme on Finnish Wholesale Electricity Prices Juha Honkatukia, Ville Malkoenen and Adriaan Perrels 8. The Impact of the European Emissions Trading Scheme on Power Prices in Italy: The 'Load Duration Curve Approach' Liliya Chernyavs'ka and Francesco Gulli 9. The Joint Impact of Carbon Emissions Trading and Tradable Green Certificates on the Evolution of Liberalized Electricity Markets: The Spanish Case Pedro Linares and Francisco J.