EU ETS and Investment Decisions:: The Case of the German Electricity Industry

By V. H. Hoffmann. 2007

260 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/f357495810034fcc2c7b270b22dee9983645816f

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Citations in the corpus

The impact of the EU ETS on the sectoral innovation system for power generation technologies - Findings for Germany (2010, background): “The EU ETS is a flexible instrument rather than a command-and control regulation prescribing specific technologies or emission standards, because it is up to the individual firms how to achieve compliance (Hoffmann, 2007).”
Corporate Carbon and Financial Performance: A Meta‐analysis (2018, background): “…supports the assumption that improvements in corporate carbon performance often result from small-scale projects with short amortization times (Hoffmann 2007; Jones and Levy 2007; Yang et al. 2014), the results for market-based measures demonstrate that investors appear to imply carbon…”
The impact of environmental policy instruments on innovation: A review of energy and automotive industry studies (2014, background): “This is demonstrated by CCS, where general economic instruments have been insufficient to stimulate commercial application due to the scale of the required investments (Hoffmann, 2007; van Alphen et al., 2009).”
An overview of current research on EU ETS: Evidence from its operating mechanism and economic effect (2010, background): “In this regard, Hoffmann [38] empirically studied the impact of the EU ETS on German electricity sector investment decisions during 2005–2007, finding there was little empirical evidence regarding its actual effects on corporate investment decisions; specifically, the EU ETS constituted the main dri”
The effects of climate policy on the rate and direction of innovation: a survey of the EU ETS and the electricity sector (2012, background): “In the case of a stringent design of the ET, high permit prices can raise the often lower generation costs of emitting technologies beyond those of non-emitting technologies (Hoffmann, 2007).”
EU Emission Allowances and the Stock Market: Evidence from the Electricity Industry (2009, background): “Ellerman and Buchner, forthcoming, Kettner et al., 2008), since its initiation the EU ETS has led to discussions on potential losses in competitiveness for the companies covered. According to Neuhoff et al. (2006), due to the sequential allocation process of EU ETS, decisions in the power sector are”
Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market (2012, unknown): “Hoffmann (2007), reporting on the German electricity sector, finds that the EU ETS has had an effect on decisions about small-scale investments with short amortization times 5 In other contexts, “fuel switching” may refer to structural and technological changes over long time horizons, such as the…”
A literature-based multi-criteria evaluation of the EU ETS (2012, background): “Conducting interviews among the German electricity producers (covering 80% of the sector’s emissions), Hoffmann [86] concludes that the first phase of the EU ETS constituted a main driver for small-scale investments with a quick payback time of typically 1–5 years.”
The innovation impact of the EU Emission Trading System — Findings of company case studies in the German power sector (2011, background): “In sum, the rare ex-post evidence indicates a rather limited innovation impact of the EU ETS, particularly on research and development and long-term portfolio decisions (Cames, 2010; Hoffmann, 2007; Rogge and Hoffmann, 2010).”
Integrated Risk and Uncertainty Assessment of Climate Change Response Policies (2014, background): “Many incentive and 24 regulatory instruments, such as taxes, carbon markets, subsidies, or technology quotas, are 25 relatively new policy developments, and their effectiveness is still being tested and evaluated 26 (VH Hoffmann, 2007).”