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Firing the Furnace? : An Econometric Analysis of Utilities? Fuel Choice

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dc.creator Tauchmann, Harald
dc.date 2004
dc.date.accessioned 2013-10-16T07:00:35Z
dc.date.available 2013-10-16T07:00:35Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18568
dc.identifier ppn:390914967
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18568
dc.description This paper attempts to predict the potential effects of CO2 emissions trading on fuel choice in the German electric power industry. By analyzing panel data (1968?1998) of major utilities, we show that the fuel mix of electric utilities is price inelastic. As a consequence, the implementation of a CO2 trading scheme will, if anything, only slightly induce interfuel substitution. Accordingly, low-carbon fuels will hardly replace lignite and hard coal through CO2 emissions trading, as long as abatement targets are not extremely ambitious. However,one cannot rule out that fuel prices may become more important for the utilities? fuel mix as a result of deregulation in the German power sector.
dc.language eng
dc.publisher
dc.relation RWI Discussion Papers 17
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject Q42
dc.subject Q53
dc.subject ddc:330
dc.subject fuel mix
dc.subject high-carbon fuels
dc.subject CO2 emissions trading
dc.subject Elektrizitätswirtschaft
dc.subject Brennstoff
dc.subject Fossiler Energieträger
dc.subject Emissionshandel
dc.subject Schätzung
dc.subject Deutschland
dc.title Firing the Furnace? : An Econometric Analysis of Utilities? Fuel Choice
dc.type doc-type:workingPaper
dc.coverage 1968-1998


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