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Climate Policy, Interconnection and Carbon Leakage: The Effect of Unilateral UK Policy on Electricity and GHG Emissions in Ireland. ESRI Research Bulletin 2014/1/7

Curtis, John and Di Cosmo, Valeria and Deane, Paul (2014) Climate Policy, Interconnection and Carbon Leakage: The Effect of Unilateral UK Policy on Electricity and GHG Emissions in Ireland. ESRI Research Bulletin 2014/1/7. UNSPECIFIED.

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    Abstract

    We analyse the effect of the carbon price floor (CPF) implemented by the UK in April 2013 using a simulation model, PLEXOS, of the Irish (SEM) and British (BETTA) electricity markets. The paper illustrates that unilateral climate policies have the potential to cause perverse outcomes through carbon leakage. Even though Northern Ireland is exempt from the CPF in recognition of energy security issues, our work finds that BETTA’s CPF has the potential to have significant spill-over into the SEM due to the interconnection between the SEM and the BETTA markets.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > environmental policy (including international arena)
    Countries > Ireland
    Countries > U.K.
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Research Bulletin
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 12 Sep 2019 11:15
    Number of Pages: 5
    Last Modified: 12 Sep 2019 11:15
    URI: http://aei.pitt.edu/id/eprint/98593

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