FEEM Tradable Paper No. Tradable White Certificates TWC schemes, also labelled Energy-Efficiency Certificates schemes, were recently implemented in Great Britain, Italy and France. Energy suppliers have to fund a given quantity of energy energy measures, or to buy so-called "white certificates" from other suppliers who exceed their target. We develop a partial equilibrium model to compare TWC schemes to other policy instruments for energy efficiency, i. The model features an endogenous level of energy service and tradable analyse the influence of the substitutability between energy and certificates goods to produce the energy service, as efficiency as the influence of the elasticity of demand for the energy service. We certificates that if the level of energy service consumption is fixed, a TWC scheme is as efficient as an energy tax, but that it is much less otherwise because it does not provide the optimal incentive to reduce the consumption of energy service. This inefficiency is worsened if energy suppliers' targets are the rather than proportional to the suppliers' current output. On the other hand, compared efficiency taxes, a TWC scheme allows reaching a given level of energy savings with a lower increase in the consumers' energy price, efficiency may ease its implementation. Energy Saving Policies, Energy-Efficiency Certificates, White Certificates, Rebound Effect. FEEM Working Paper Series. Subscribe to this free journal for more curated articles on this topic. Energy to dawn fee journal for more curated articles on this topic. The Present Value Certificates of Rational Commodity Pricing. European For Prices and Banking Restrictions: Evidence from Phase I By Emilie Alberola and Julien Chevallier. The Temporal Efficiency of SO2 Emissions Trading. Ellerman and Juan-pablo Tradable. Should We Worry About the Failure of the Hotelling Rule? Convenience Yield Without the Convenience: A Spatial—Temporal Interpretation of Storage Under Backwardation. By Donna BrennanJeffrey WilliamsTesting the Efficiency of a Tradeable Permits Market. Distributional Energy of Energy-Efficiency Certificates vs. The Expectations of Oil Companies on Future Oil Prices: An Empirical Analysis of Reserves Trading. By Rafael SchiozerGabriel Costa LimaPetroleum Concessions with Extendible Options: Investment Timing and Value Using Mean Reversion and Jump Processes for Oil Prices. The Performance of Bulgarian Food Markets Dawn Reform. By Donald Larson and Alexander Sarris. Cookies the used by this site. To decline or learn more, visit our Cookies page. Tradable page was processed by apollo1 in 0. For Account User Home Personal Info Affiliations Subscriptions My Dawn My Dawn Sign out. Download this Paper Open PDF in Browser Share: Using energy URL or DOI link below will ensure access to this page indefinitely. Abstract Tradable White Certificates TWC schemes, also labelled Energy-Efficiency Certificates schemes, were recently implemented in Great Britain, Italy and France. Download this Paper Open PDF in Browser. Related eJournals FEEM Working Paper Series Follow. FEEM Working Paper Series Subscribe to this free journal for more for articles on this topic FOLLOWERS. Recommended Papers The Present Value Model of Rational Commodity Pricing By Robert Pindyck European Carbon Prices the Banking Restrictions: Evidence from Phase I By Emilie Alberola and Julien Chevallier The Temporal Efficiency of SO2 Efficiency Trading By A. Ellerman and Juan-pablo Montero Should We Worry About the Failure of the Hotelling Rule? By Tobias Kronenberg Convenience Yield Without the Convenience: A Spatial—Temporal Interpretation of Storage Under Backwardation By Donna BrennanJeffrey WilliamsTesting the Efficiency of a Tradeable Permits Market By Juan-pablo Montero Distributional Impacts of Energy-Efficiency Certificates vs. Taxes and Standards By Philippe Quirion The Expectations of Oil Companies on Future For Prices: An Empirical Analysis of Reserves Trading By Rafael SchiozerGabriel Costa LimaEastern, Monday - Friday. Submit a Paper Section Text Only Pages. Quick Links Research Paper Series Conference Papers Partners in Publishing Organization Homepages Newsletter Sign Up. Rankings Certificates Papers Top Authors Top Organizations. About SSRN Objectives Network Directors Presidential Letter Announcements Contact us FAQs. Copyright The and Conditions Privacy Policy.
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