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The European Carbon Border Adjustment Mechanism (CBAM) has the dual objective of preventing carbon leakage and encouraging adoption of low-carbon technologies abroad. Yet, pursuing both objectives with the same mechanism results in incomplete carbon ...

An energy balance model (EBM) is developed by augmenting a carbon–climate module found in Dynamic Integrated Climate and Economy to include a land carbon pool in addition to three other pools. The land pool allows us to examine the impact of potential ...

Electricity prices in Central and South-Eastern Europe exhibited extreme divergence during the summer of 2024, followed by a period in which price differentials remained persistently higher than in Western Europe. This paper investigates the extent to ...

AggregateEU is a new centralised mechanism that provides a no-commitment platform to trade natural gas in the European Union. Throughout the consultation process, AggregateEU has been mocked as ‘Tinder of the European gas markets’ as it helps consumers ...

This paper by Luca Lo Schiavo analyzes the fact-finding investigation of the Italian regulatory Authority (ARERA) into economic generation capacity withholding in Italy's day-ahead electricity market, examining its methodology, findings, and the ...

In this paper, we present a novel simulation model designed to estimate the regional diffusion of residential battery storage and its associated effects on the electricity system under alternative policy scenarios. A significant shortcoming of existing ...

Since the latter half of 2021, energy prices have risen owing to gas and fuel shortages following the rapid economic recovery after the restrictive measures due to the COVID-19 pandemic, with the 2022 Russian invasion of Ukraine exacerbating this stress.

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Flooding poses a significant and recurring threat in numerous regions. The adverse impacts of flooding can be mitigated through risk sharing, such as insurance or risk reduction. However, insurance might not be accessible in underdeveloped markets or in ...