Energy Law & Policy eJournal最新文献

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Does the EU ETS Bite? The Impact of Allowance Over-Allocation on Share Prices 欧盟排放交易体系会产生影响吗?津贴超额分配对股价的影响
Energy Law & Policy eJournal Pub Date : 2013-04-23 DOI: 10.2139/ssrn.2255328
Thijs Jong, O. Couwenberg, E. Woerdman
{"title":"Does the EU ETS Bite? The Impact of Allowance Over-Allocation on Share Prices","authors":"Thijs Jong, O. Couwenberg, E. Woerdman","doi":"10.2139/ssrn.2255328","DOIUrl":"https://doi.org/10.2139/ssrn.2255328","url":null,"abstract":"The aim of this paper is to examine whether shareholders consider the EU Emissions Trading Scheme (EU ETS) as value-relevant for the participating firms. An analysis is conducted of the share prices changes as caused by the first publication of compliance data in April, 2006, which disclosed an over-allocation of emission allowances. Through an event study, it is shown that share prices actually increased as a result of the allowance price drop when firms have a lower carbon-intensity of production and larger allowance holdings. There was no significant value impact from firms' allowance trade activity or from the pass-through of carbon-related production costs (carbon leakage). The conclusion is that the EU ETS does 'bite'. The main impact on the share prices of firms arises from their carbon-intensity of production. The EU ETS is thus valued as a restriction on pollution","PeriodicalId":388507,"journal":{"name":"Energy Law & Policy eJournal","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131914251","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 7
The Jordanian Electricity Market - A Transitory Regime 约旦电力市场——一个临时政权
Energy Law & Policy eJournal Pub Date : 2013-04-08 DOI: 10.2139/SSRN.2317167
Yanal Abul Failat
{"title":"The Jordanian Electricity Market - A Transitory Regime","authors":"Yanal Abul Failat","doi":"10.2139/SSRN.2317167","DOIUrl":"https://doi.org/10.2139/SSRN.2317167","url":null,"abstract":"In the light of strengthening energy security, diversifying the economy and promoting sustainable development; Jordan is revolutionising and modernising its electricity sector. The restructuring of the market taking place is mainly regulated under the framework of the Temporary Electricity Law No.64/2002 (\"General Electricity Law\") which is an interim legal instrument regulating the electricity sector during the period of transition to a wholesale competitive market operating under a multiple-buyer business model. This paper's objective is to provide a guide or an overview of the Jordanian Electricity market by looking at its history and development, the market structure, and the general provisions of the interim legal framework regulating it.","PeriodicalId":388507,"journal":{"name":"Energy Law & Policy eJournal","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130406385","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Of Stasis and Movements: Climate Legislation in the 111th Congress 停滞与运动:第111届国会的气候立法
Energy Law & Policy eJournal Pub Date : 2013-01-14 DOI: 10.2139/SSRN.2202979
Nathaniel Loewentheil
{"title":"Of Stasis and Movements: Climate Legislation in the 111th Congress","authors":"Nathaniel Loewentheil","doi":"10.2139/SSRN.2202979","DOIUrl":"https://doi.org/10.2139/SSRN.2202979","url":null,"abstract":"The 2008-2010 campaign to pass climate legislation was one of the largest efforts in the history of energy and environmental politics. Yet despite initial legislative success in the House of Representatives in early 2009 and the strong forces arrayed in support of a climate bill, the Senate dropped the issue from consideration in the summer of 2010. Such a high profile defeat might be expected to attract substantial academic attention. However, nearly three years out little analysis has been forthcoming. This paper addresses that gap in current scholarship, seeking to both inform academic understanding of climate politics and provide insights to practitioners and policymakers. The analysis is structured into two main sections. The first section examines four key barriers that protected the policy status quo: partisan polarization, political geography, energy interests and the recession. Through comparison with the Affordable Care Act and the history of U.S. environmental policymaking, the second section suggests three political forces that might have helped strength the climate campaign: public opinion, grassroots mobilization and presidential leadership. It further suggests that the failures of the climate campaign to pay sufficient attention to opinion and mobilization are symptomatic of broader challenges facing an increasingly professionalized and Washington-based environmental movement.","PeriodicalId":388507,"journal":{"name":"Energy Law & Policy eJournal","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124587965","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
The Too Polite Revolution: Why the Recent Campaign to Pass Comprehensive Climate Legislation in the United States Failed 太礼貌的革命:为什么最近在美国通过全面气候立法的运动失败了
Energy Law & Policy eJournal Pub Date : 2013-01-14 DOI: 10.2139/SSRN.2200690
P. Bartosiewicz, M. Miley
{"title":"The Too Polite Revolution: Why the Recent Campaign to Pass Comprehensive Climate Legislation in the United States Failed","authors":"P. Bartosiewicz, M. Miley","doi":"10.2139/SSRN.2200690","DOIUrl":"https://doi.org/10.2139/SSRN.2200690","url":null,"abstract":"\"The Too Polite Revolution\" analyzes the recent failed campaign to pass federal climate change legislation during President Obama's first term. Sourced from interviews with more than 75 stakeholders from all sides of the climate debate, among them the heads of the country's largest green groups, the report traces the historic battle in the House and Senate in 2009 and 2010 and examines the decision of the country's largest environmental organizations to pursue an inside-the-Beltway strategy rather than one that mobilized Americans at the grassroots. The report was commissioned by the Rockefeller Family Fund in conjunction with the Columbia Journalism School.","PeriodicalId":388507,"journal":{"name":"Energy Law & Policy eJournal","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130555024","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 15
Ekonomik Neden Ve Sonuçları Bakımından Hazar’ın Güvenlik Sorunu (The Caspian Sea Security Problem in Terms of Economic Causes and Consequences) 从经济原因和后果看里海安全问题Bakımından Hazar ' ın gvenlik Sorunu
Energy Law & Policy eJournal Pub Date : 2012-12-11 DOI: 10.2139/ssrn.2187781
Osman Nuri Aras
{"title":"Ekonomik Neden Ve Sonuçları Bakımından Hazar’ın Güvenlik Sorunu (The Caspian Sea Security Problem in Terms of Economic Causes and Consequences)","authors":"Osman Nuri Aras","doi":"10.2139/ssrn.2187781","DOIUrl":"https://doi.org/10.2139/ssrn.2187781","url":null,"abstract":"In this study, the Caspian Sea security issue is addressed in the context of the economic causes and consequences. First of all, general assessments and the case of the Caspian Sea assessments related with the Caspian Sea security problem and determinations for oil and natural gas, which the basis of the Caspian Sea security problem take place in this study. Economic causes and consequences of the problem is expressed in accordance with assessments and determinations related to energy resources of the Caspian Sea oil and natural gas. Then, the article focuses on events and developments in the process concerned with the problem of the status of the Caspian Sea. The last part of the study is provided determinations for the economic consequences of the problem within the context of the developments of the problem.","PeriodicalId":388507,"journal":{"name":"Energy Law & Policy eJournal","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132739903","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Trends and Patterns in Energy Utilisation and Carbon Emissions: An Analytical Approach 能源利用和碳排放的趋势和模式:分析方法
Energy Law & Policy eJournal Pub Date : 2012-11-23 DOI: 10.2139/ssrn.2179900
Rajat Malhotra, Varda Gaur, Ayesha Ahuja
{"title":"Trends and Patterns in Energy Utilisation and Carbon Emissions: An Analytical Approach","authors":"Rajat Malhotra, Varda Gaur, Ayesha Ahuja","doi":"10.2139/ssrn.2179900","DOIUrl":"https://doi.org/10.2139/ssrn.2179900","url":null,"abstract":"This paper studies about the energy utlisation and CO2 emissions trends in the energy abundant and energy scarce nations. Governments in many countries are increasingly aware of the urgent need to make better use of the world‘s energy resources. Energy efficiency can improve energy security, spur economic growth and mitigate pollution, but current and planned efforts fall well short of tapping its full economic potential. The United States, which currently imports around 20% of its total energy needs, will become all but self‐sufficient in net terms by 2035. Talking of Energy efficiency, Carbon dioxide emission is one of its exclusive determinants. China is among the top 6 CO2 emittors in the world and energy consumption of China will surpass the energy consumption in U.S by 2035.Liquid fuels are expected to remain the largest source of energy. Increasing supplies of unconventional natural gas, particularly in North America but elsewhere as well, would help keep global markets well supplied.","PeriodicalId":388507,"journal":{"name":"Energy Law & Policy eJournal","volume":"69 10","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120994232","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Climate Policy and the United States System of Divided Powers: Dealing with Carbon Leakage and Regulatory Linkage 气候政策与美国分权制:应对碳泄漏与监管联动
Energy Law & Policy eJournal Pub Date : 2012-11-11 DOI: 10.2139/SSRN.2174024
D. Farber
{"title":"Climate Policy and the United States System of Divided Powers: Dealing with Carbon Leakage and Regulatory Linkage","authors":"D. Farber","doi":"10.2139/SSRN.2174024","DOIUrl":"https://doi.org/10.2139/SSRN.2174024","url":null,"abstract":"In the absence of comprehensive federal climate legislation, state governments and the executive branch have moved forward with efforts to reduce greenhouse gases. Two important components of effective policies are (1) tools to limit the potential for carbon emissions to shift outside a jurisdiction (carbon leakage), and (2) cross-boundary linkages to improve effectiveness and reduce costs. For instance, states may adopt life cycle analysis as part of regulations or carbon taxes, and they may link carbon trading schemes with other states or with foreign jurisdictions. The executive branch may address carbon leakage by tailoring regulations to the potential for emissions to shift abroad and may also enter into cooperative agreements with other nations through executive agreements.These important components of climate policy could easily be supplied by Congress, but efforts to supply them by states or executive branch encounter constitutional challenges. This article argues in favor of the constitutionality of such efforts. It rejects attacks on state policies based on the compact clause, dormant commerce clause, and foreign affairs preemption. It also argues in favor of EPA authority to tailor regulations to limit leakage and in favor of presidential efforts at international cooperation.","PeriodicalId":388507,"journal":{"name":"Energy Law & Policy eJournal","volume":"20 6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"113935276","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 13
Renewable Energy Programmes in the European Union, Japan and the United States - Compatibility with WTO Law 欧洲联盟、日本和美国的可再生能源计划-与世贸组织法律的兼容性
Energy Law & Policy eJournal Pub Date : 2012-08-27 DOI: 10.2139/ssrn.2179621
M. Srikar
{"title":"Renewable Energy Programmes in the European Union, Japan and the United States - Compatibility with WTO Law","authors":"M. Srikar","doi":"10.2139/ssrn.2179621","DOIUrl":"https://doi.org/10.2139/ssrn.2179621","url":null,"abstract":"RE support programmes are implemented in various forms and with varying strategies across the world. RE, be it wind, solar or other forms of energy, owes a substantial part of its growth worldwide to support from governments. Active involvement of governments in pursuing a conducive policy and regulatory framework, along with direct and indirect support for RE, has led to the growth of the sector across the world. It is in this context that the relevance of the study of the compatibility of RE support programmes with international trade rules becomes crucial. With countries exercising domestic policy space in implementing a wide variety of programmes to encourage RE in their respective jurisdictions, tensions between trading partners are increasing and issues of violation of the rules of international trade contained in various WTO Agreements often become the cause of trade friction. This study comes to the conclusion that several provisions of these programmes are arguably incompatible with provisions of the GATT and the ASCM. The countries implementing the support programmes are in breach of their WTO obligations in varying degrees. While the principles of NT and MFN are violated in many cases, the use of local content requirements is evidently in breach of a country’s obligations in case of others. It is also noticed that many of the support programmes constitute various types of subsidies that can be construed as either prohibited or actionable, in the context of the ASCM.","PeriodicalId":388507,"journal":{"name":"Energy Law & Policy eJournal","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125920464","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Political Stability and Economic Development in the New Nation of South Sudan 南苏丹新国家的政治稳定和经济发展
Energy Law & Policy eJournal Pub Date : 2012-08-18 DOI: 10.2139/ssrn.2131701
Issam A.W. Mohamed, Addis Ababa Othow Akongdit
{"title":"Political Stability and Economic Development in the New Nation of South Sudan","authors":"Issam A.W. Mohamed, Addis Ababa Othow Akongdit","doi":"10.2139/ssrn.2131701","DOIUrl":"https://doi.org/10.2139/ssrn.2131701","url":null,"abstract":"The newly born, one year old State of Southern Sudan faces multiple challenges, economic, administrative, ethnic and most of all, civil conflicts with its previous mother country, Sudan. Building a state is an arduous mission and building a nation comprised of many ethnicities is the most difficult. Moreover, we should not neglect the fact that there are no real economic productive sectors in Southern Sudan or sources of national income except for oil revenues. Additionally, Southern Sudan is food dependent of supplies from abroad and that almost 40% of its population relies on foreign aid. However, all the above-mentioned essential task are limited faced with necessary adhesive bonds which start with building services, legal and civil structures and good governance. All these are determined by available economic resources that are currently minimum with the shutdown of oil flow through oil pipes that runs in the territories of a hostile Northern Sudan. Agreements and coordination are necessary to start building the nation and reaching solutions for Borders's conflicts are part of it. The advanced theoretical framework is outlined in the current paper; however, it is also impotent to point at the necessity to be run by good governance that combines national consensus. Swot analysis outlines the principle factors for economic development and good governance. Conclusions are reached however, with an emphasis that external help is inevitable and necessary.","PeriodicalId":388507,"journal":{"name":"Energy Law & Policy eJournal","volume":"85 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123100889","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Energy Community as a Promoter of the European Union's 'Energy Acquis' to Its Neighbourhood 能源共同体作为欧盟对其邻国“能源收购”的推动者
Energy Law & Policy eJournal Pub Date : 2012-06-21 DOI: 10.54648/leie2012020
R. Petrov
{"title":"Energy Community as a Promoter of the European Union's 'Energy Acquis' to Its Neighbourhood","authors":"R. Petrov","doi":"10.54648/leie2012020","DOIUrl":"https://doi.org/10.54648/leie2012020","url":null,"abstract":"The Treaty of Lisbon paved the way for legal formalization of the new European Union policies and significantly enhanced the external dimension of the EU Internal Market. The newly emerged EU energy policy is a good example of it. External objectives of the EU energy policy are being fulfilled through the Energy Community which embraces not only the EU Member States and candidate countries but also the third countries without any prospect of membership in the EU. The Energy Community is designed as a perfect example of the 'integration without membership' model which gives a stake in the EU Internal Market for third countries and promotes the EU's sectoral acquis beyond the EU borders. The article focuses on challenges of the process of Europeanization on the EU's eastern neighbouring countries through the application of the EU 'energy acquis'.","PeriodicalId":388507,"journal":{"name":"Energy Law & Policy eJournal","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125838315","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 14
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