Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/301129 
Year of Publication: 
2024
Series/Report no.: 
IES Working Paper No. 24/2024
Publisher: 
Charles University in Prague, Institute of Economic Studies (IES), Prague
Abstract: 
This paper aims to estimate the optimal environmental policy in the elektricity generation sector for each of the EU countries maximizing total welfare. The study uses a recently proposed theoretical corporate finance model and empirically estimate each of its components using the current state of the literature to derive the estimated optimal investment size and greenhouse gas abatement activities. Results indicate that a social planner would not significantly reduce the carbon intensity of the EU electricity generation sector but rather keep its industry size well below current levels.
Subjects: 
investment size
abatement activity
electricity demand
social cost of carbon
carbon intensity
marginal abatement cost curve
JEL: 
C54
G38
Q41
Q54
Document Type: 
Working Paper

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