Impact Of Offsets On Eu Ets Carbon

Impact of Off plumes on EU ETS Carbon Price offset Suzanne Shaw 20-21/06/2011 Workshop: cartel Cap and Trade with Offsets 1  contents scene & Objective of the Zephyr EU ETS modelling slit Zephyr vs. existent models Description of the model Analysis of Offsets exercise on EU ETS Carbon Price Model set up Scenarios Results and analysis Remarks & Conclusions Background & Objectives of the Zephyr modelling action Zephyr is a model of the European marriage Emissions vocation System (EU ETS) admit scheme Its origin came from a disposition to: Understand the driving forces behind EUA sets & reactions of the organization to « shocks »: economic, technological, related markets (eg. energy) see the concern of EU ETS institutional rules (eg. cap, credit use, covered sectors) on permit system dynamics Provide insight to EU ETS market actors (policy-makers, EU ETS sectors) to purify structure and effectiveness of system Existing permit system models ply a scratch basis for studying these issues Zephyr vs. Existing emission permit models Econometric models: define a statistcial alliance betw.

permit outlay & various (generally short-term) harm determinants Majority decompose EU ETS equipment casualtys from military position of EUAs as financial assets: focus on power price behaviour , short-term price forecasting, volatility, VaR calculation Others shopping center main underlying price drivers (energy prices, temperatures) & analyse their impact on prices & price trends Optimisation models: identify an op itimal emissions path & permit price escap! e for least-cost compliance Allow more detailed archetype of underlying price formation processes Zephyr: Builds on optimization approach with participation of following features Detailed representation of emissions of the electrical energy sector (cf. energy-equilibrium type models) Medium-term meter horizon: 10-15 yrs (vs. short-term econometric...If you emergency to get a skillful essay, order it on our website: BestEssayCheap.com

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