Understanding the embeddedness of individuals within the larger system to support energy transition

CO₂ emissions need to be reduced drastically to fight climate change and minimise the further increase of average global temperatures. The decarbonisation of the energy system aims at reducing CO₂ emissions and is thus urgently needed. This transition is facilitated by inter alia switching to renewable energy sources and...

Scrutinising the gap between the expected and actual deployment of carbon capture and storage - A bibliometric analysis

For many years, carbon capture and storage (CCS) has been discussed as a technology that may make a significant contribution to achieving major reductions in greenhouse gas emissions. At present, however, only two large-scale power plants capture a total of 2.4 Mt CO₂/a. Several reasons are identified for this mismatch between...

Adjusting the CO2 cap to subsidised RES generation: Can CO2 prices be decoupled from renewable policy?

The low prices in the European Emission Trading System (EU ETS) have triggered discussions of various possible reforms. One option is to decouple the CO 2 prices from renewable energy policy by adjusting the emission cap to renewable energy investment overshoots. We introduce two ways of reducing the CO 2 cap in response to overshoots of...

The market (in-)stability reserve for EU carbon emission trading: Why it might fail and how to improve it

The EU parliament has accepted a proposal of the EU commission on the backloading of EU emission allowances (EUA), where the auctioning of EUAs is postponed to future time periods. The EU commission has also proposed a market stability reserve (MSR), which is a quantity-based stabilisation policy that is aimed at controlling the volume of EUAs...

On the Impact of CO2 Emission-Trading on Power Generation Emissions

Under the Kyoto Protocol, governments agreed on and accepted CO2 reduction targets in order to counter climate change. In Europe one of the main policy instruments to meet the agreed reduction targets is CO2 emission-trading (CET), which was implemented as of January 2005. In this system, companies active in specific sectors must be in the...

Carbon Dioxide Emission Trade Impact on Power Generation Portfolio: Agent-based Modelling to Elucidate Influences of Emission Trading on Investments in Dutch Electricity Generation

As of January 1st, 2005 CO2 emission trading (CET) is implemented in the EU as a measure to reduce CO2 emissions to counter climate change. It requires that any company that exploits certain activities, such as electricity generation must acquire emission rights to account for its production of CO2. CET does provide an economic incentive to...