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dc.contributor.authorAune, Finn Roar
dc.contributor.authorDalen, Hanne Marit
dc.contributor.authorHagem, Cathrine
dc.date.accessioned2010-10-15T17:51:29Z
dc.date.available2010-10-15T17:51:29Z
dc.date.issued2010
dc.identifier.issn0809-733X
dc.identifier.urihttp://hdl.handle.net/11250/179999
dc.description.abstractAbstract: The EU Parliament has agreed on a target of a 20 % share of renewables in the EU’s total energy consumption by 2020. To achieve the target, the Council has adopted mandatory differentiated national targets for each of the Member States. In this paper we consider the potential for cost reductions by allowing for trade in green certificates across Member States. We show that differentiated national targets cannot ensure a cost effective implementation of the overall target for EU’s green energy consumption. Trade in green certificates can ensure a cost effective distribution of green energy production, but the national targets prevents a cost effective distribution of energy consumption. Nevertheless, our numerical model indicates that EU-wide trade in green certificates may cut the EU’s total cost of fulfilling the renewable target by as much as 70 % compared to a situation with no trade. However, the design of green certificate markets may have large impact on the distribution of costs across countries.en_US
dc.language.isoengen_US
dc.publisherStatistics Norway. Research Departmenten_US
dc.relation.ispartofseriesDiscussion papers;No. 630
dc.relation.urihttp://www.ssb.no/publikasjoner/DP/pdf/dp630.pdf
dc.subjectEnergy policyen_US
dc.subjectGreen certificatesen_US
dc.subjectRenewable targetsen_US
dc.subjectJEL classification: Q48en_US
dc.subjectGovernment Policyen_US
dc.subjectGlobal warmingen_US
dc.subjectClimate changeen_US
dc.subjectKlimaendringeren_US
dc.subjectEnergipolitikken_US
dc.subjectJEL classification: Q54en_US
dc.subjectJEL classification: Q58en_US
dc.titleImplementing the EU renewable target through green certificate marketsen_US
dc.typeWorking paperen_US
dc.source.pagenumber22 s.en_US


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