Findings from the study indicate that climate policy has had a modest impact on technological development in the Swedish pulp and paper industry, with a rather negative impact in cases where the impact is significant.
Using a rather unexplored dataset on tradable permit transaction, the study found that;
Transaction costs played an important role in the initial years of the EU ETS and were significant in explaining why some ETS firms did not participate in the European emission trading market and chose to trade allowances individually via third parties.
It was also evident that the importance of transaction costs was declining over time.
The study also found evidence that supports the concerns raised by the European Commission that transaction costs might be excessive for smaller participants.
Meet Murray Collins, an interdisciplinary PhD student from London. His research on deforestation, carbon emissions and biodiversity brought him to Umeå and CERE.
Kelly de Bruin, a post doc at CERE, gave a course in applied economic modeling of environmental issues using GAMS during an intensive week, May 27 – June 5.
Juan Inda, PhD student at CERE presented his and Chandra Kiran's ongoing work in addressing the issue of valuation of a flexible power plant with fixed production capacity using optimal switching.
