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Capacity changes in the power industry: lessons from an allowances trading system
2005 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

The study focuses on how an allowances trading system affects the development in capacity in the power industry. This is done by analyzing the change in capacity in the US power industry during the Acid Rain Program, using an OLS regression on a model consisting of factors affecting investments in the power industry. The results obtained are thereafter used to discuss how the capacity in the European power industry will develop under the allowances trading scheme within the Kyoto Protocol. The results show that the change in capacity in the US power industry has been affected negatively during the Acid Rain Program, though on a small scale. How the European power industry will be affected is difficult to forecast, due to differences in abatement technologies between the different emissions targeted in the two schemes. Uncertainty about future policy and prices also add to the difficulty to make satisfying predictions.

Place, publisher, year, edition, pages
Keyword [en]
Social Behaviour Law, Acid Rain Program, Allowances trading system, Kyoto, Protocol, Investments in capacity, Capacity changes, Generating capacity, Emission permits, Power industry, Power, sector, Tradable permits
Keyword [sv]
Samhälls-, beteendevetenskap, juridik
URN: urn:nbn:se:ltu:diva-57129ISRN: LTU-DUPP--05/16--SELocal ID: dd2428f6-1970-4c6a-b108-425344db2588OAI: diva2:1030516
Subject / course
Student thesis, at least 15 credits
Educational program
Economics, master's level
Validerat; 20101217 (root)Available from: 2016-10-04 Created: 2016-10-04Bibliographically approved

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