| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| The Economic Impact of the Green Certificate Market through the Macro Multiplier Approach |
| Maurizio Ciaschini; Francesca Severini; Claudio Socci; Rosita Pretaroli
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| 发表日期 | 2010
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| 出处 | Energy: Resources and Markets
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| 出版年 | 2010
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| 语种 | 英语
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| 摘要 | In the last decade, as many other European countries, the Italian Government adopted several reforms in order to increase the use of Renewable Energy Sources (RES). The liberalization of the electricity market that represents one of these reforms aims to reach environmental benefits from the substitution of fossil fuel with renewable sources. The Italian Green Certificate market was introduced in 2002 in order to accomplish this objective and represents a mechanism where a quota of renewable electricity is imposed to suppliers in proportion to their sales. The electricity industries are obliged to meet this condition by producing the quantity of renewable electricity by means of a change in their production process, otherwise they must buy a number of certificates corresponding to the quota. This mechanism changes the importance of the electricity industry first in promoting climate protection, then in terms of the impact on the economy as a whole. A policy aimed to develop the market of green certificates may lead to environmental improvement by switching the energy production process to renewable resources. But above all an increase in demand for green certificates, resulting from a reform on the quota of renewable electricity, can generate positive change in all components of the industrial production. For this purpose, the paper aims to quantify the economic impact of a reform on Green Certificate market for the Italian system by means of the Macro Multiplier (MM) approach. The analysis is performed through the Hybrid Input-Output (I-O) model that allows expressing the energy ows in physical terms (GWh) while all other ows are expressed in monetary terms (€). Moreover, through the singular value decomposition of the inverse matrix of the model, which reveals the set of key structures of the exogenous change of final demand, we identify the appropriate key structure able to obtain both the expected positive total output change and the increase of electricity production from RES. |
| 特色分类 | C67;E23;Q43;Q48
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| 关键词 | Environmental Policy
Hybrid I-O model
Macro Multiplier
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/the-economic-impact-of-the-green-certificate-market-through-the-macro-multiplier-approach/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117910
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推荐引用方式
GB/T 7714 |
Maurizio Ciaschini,Francesca Severini,Claudio Socci,et al. The Economic Impact of the Green Certificate Market through the Macro Multiplier Approach. 2010.
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