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VOLUNTARY MARKET (2) answer(s).
 
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ID:   175026


Are voluntary markets effective in replacing state-led support for the expansion of renewables? – A comparative analysis of volu / Herbes, Carsten   Journal Article
Herbes, Carsten Journal Article
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Summary/Abstract With state-led support being only temporary, attention has turned to retail electricity markets to provide long-term support for renewable electricity. Past research has focused on consumer preferences for green electricity, i.e. the demand side. We investigated the supply side by analyzing what suppliers selling green retail electricity products in the UK, Germany, France and Italy actually provide. Through content analysis of the online data provided by these companies, we found that most products in Germany and France rely on Scandinavian hydropower. Since almost all of these plants have been operating for decades, these products today cannot be said to effectively drive new renewable capacities. Products in the UK and Italy rely on sources which already have state-led support and thus also do not drive the expansion of renewables. In fact, none of the four countries has established a policy framework that successfully fosters the development of a voluntary market for green electricity capable of driving the expansion of renewables. Alignment between sustainable energy policy objectives, consumer demand, and supply-side offerings in a voluntary market might be improved by empowering consumers through a simplified and possibly state-led labeling scheme that focuses on environmental impact and includes minimum standards for performance.
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2
ID:   094872


Factors affecting the carbon allowance market in the US / Kim, Hyun Seok; Koo, Won W   Journal Article
Kim, Hyun Seok Journal Article
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Publication 2010.
Summary/Abstract The US carbon allowance market has different characteristic and price determination process from the EU ETS market, since emitting installations voluntarily participate in emission trading scheme. This paper examines factors affecting the US carbon allowance market. An autoregressive distributed lag model is used to examine the short- and long-run relationships between the US carbon allowance market and its determinant factors. In the long-run, the price of coal is a main factor in the determination of carbon allowance trading. In the short-run, on the other hand, the changes in crude oil and natural gas prices as well as coal price have significant effects on carbon allowance market
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