The competitive environment of the european electricity sector in the post-kyoto scenarios
AbstractThis paper shows how the uncertainty associated to the absence of a post-Kyoto regime regarding Greenhouse Gas mitigation is affecting investments in mitigation activities in the EU electricity sector and, thus, future emissions levels. Based on a wide survey of EU power companies, the paper identifies the most likely post-Kyoto scenarios considered by these firms and how they are coping with such uncertainty in their current investment decisions. The major conclusion is that the non-existence of a post-Kyoto regime is having a negative effect on current business investment decisions in mitigation activities, increasing risk premiums and financing costs.
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Bibliographic InfoPaper provided by Instituto de Empresa, Area of Economic Environment in its series Working Papers Economia with number wp06-26.
Length: 48 pages
Date of creation: Dec 2006
Date of revision:
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Investment decisions; Post-Kyoto scenarios;
Other versions of this item:
- Carrillo-Hermosilla, Javier & Del Río, Pablo & Könnölä, Totti & García, Carlos, 2006. "The competitive environment of the European electricity sector in the post-Kyoto scenarios," MPRA Paper 19390, University Library of Munich, Germany.
- Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-01-02 (All new papers)
- NEP-CSE-2007-01-02 (Economics of Strategic Management)
- NEP-EEC-2007-01-02 (European Economics)
- NEP-ENE-2007-01-02 (Energy Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- den Elzen, Michel & Lucas, Paul & Vuuren, Detlef van, 2005. "Abatement costs of post-Kyoto climate regimes," Energy Policy, Elsevier, vol. 33(16), pages 2138-2151, November.
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