The competitive environment of the european electricity sector in the post-kyoto scenarios

Javier Carrillo ()
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Javier Carrillo: Instituto de Empresa

Working Papers Economia from Instituto de Empresa, Area of Economic Environment

Abstract: This paper shows how the uncertainty associated to the absence of a post-Kyoto regime regarding Greenhouse Gas mitigation is affecting investments in mitigation activities in the EU electricity sector and, thus, future emissions levels. Based on a wide survey of EU power companies, the paper identifies the most likely post-Kyoto scenarios considered by these firms and how they are coping with such uncertainty in their current investment decisions. The major conclusion is that the non-existence of a post-Kyoto regime is having a negative effect on current business investment decisions in mitigation activities, increasing risk premiums and financing costs.

Keywords: Investment decisions; Post-Kyoto scenarios (search for similar items in EconPapers)
Pages: 48 pages
Date: 2006-12
New Economics Papers: this item is included in nep-cse, nep-eec and nep-ene
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http://latienda.ie.edu/working_papers_economia/WP06-26.pdf (application/pdf)

Related works:
Working Paper: The competitive environment of the European electricity sector in the post-Kyoto scenarios (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:emp:wpaper:wp06-26

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