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Distributional Impacts of Energy-Efficiency Certificates Vs. Taxes and Standards

1st Person: Quirion, Philippe
Type of Publication: Paper
Language: English
Published: Fondazione Eni Enrico Mattei (FEEM) 2006
Series: Nota di Lavoro
Keywords: Energiesparen
Energiesteuer
Umweltauflage
Verteilungswirkung
Energy conservation
Energy tax
Environmental standard
Distributional effect
Online: https://www.econstor.eu/bitstream/10419/74197/1/NDL2006-018.pdf
id
oai_econstor.eu_10419-74197
recordtype
econstor
institution
MPG
collection
ECONSTOR
title
Distributional Impacts of Energy-Efficiency Certificates Vs. Taxes and Standards
spellingShingle
Distributional Impacts of Energy-Efficiency Certificates Vs. Taxes and Standards
Energiesparen
Energiesteuer
Umweltauflage
Verteilungswirkung
Energy conservation
Energy tax
Environmental standard
Distributional effect
Quirion, Philippe
Nota di Lavoro
title_short
Distributional Impacts of Energy-Efficiency Certificates Vs. Taxes and Standards
title_full
Distributional Impacts of Energy-Efficiency Certificates Vs. Taxes and Standards
title_fullStr
Distributional Impacts of Energy-Efficiency Certificates Vs. Taxes and Standards
title_full_unstemmed
Distributional Impacts of Energy-Efficiency Certificates Vs. Taxes and Standards
title_sort
Distributional Impacts of Energy-Efficiency Certificates Vs. Taxes and Standards
format
electronic Article
format_phy_str_mv
Paper
publisher
Fondazione Eni Enrico Mattei (FEEM)
publishDate
2006
language
English
topic
Energiesparen
Energiesteuer
Umweltauflage
Verteilungswirkung
Energy conservation
Energy tax
Environmental standard
Distributional effect
topic_facet
Energy conservation
Energy tax
Environmental standard
Distributional effect
author
Quirion, Philippe
description
Energy efficiency commitments, often associated with tradable energy efficiency certificates, dubbed white certificates, were recently implemented in the United Kingdom and Italy and will soon start in France. Energy suppliers have to fund a given quantity of energy efficiency measures, or to buy white certificates from other suppliers who exceed their target. We develop a partial equilibrium model to compare white certificates to other policy instruments for energy efficiency, i.e., taxes and standards. Our conclusions are: First, if white certificates are chosen, each supplier's target should be set as a percentage of the energy they sell during the commitment period rather than in absolute terms, e.g. based on past variables. Indeed the latter solution decreases sharply energy suppliers' profit since they cannot pass the cost of certificate generation on to consumers. Such a system thus risks generating a fierce opposition from these industries. Furthermore, setting individual targets independently of the evolution of market shares seems unfair. At last, this system risks creating a large rebound effect, i.e., a large increase in energy services consumption. Second, compared to taxes and standards, white certificates (with targets in percentage of energy sold) seem particularly interesting to reach a certain level of energy savings while limiting distributional effects, thus to limit oppositions to its implementation. Furthermore, they generate less rebound effect than standards and seem more able than taxes to mobilise a part of the no regret potential. However if targets are too weak there is a real risk that white certificates systems fund mostly business-as-usual energy efficiency activities, thus having little impact while delaying the implementation of other policy instruments.
url
https://www.econstor.eu/bitstream/10419/74197/1/NDL2006-018.pdf
series
Nota di Lavoro
seriesStr
Nota di Lavoro
Nota di Lavoro
series2
Nota di Lavoro
series2_facet
Nota di Lavoro
up_date
2019-02-15T03:50:14.482Z
_version_
1625505272762990595

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