Luca Taschini
Luca is an economist, working at the intersection of environmental economics, energy markets, and industrial organisation. His current research projects include work on market-based instruments and climate finance.
Background
Luca completed his formal training in economics in Italy. He holds a PhD in Economics from the University of Zurich. He is also an alumnus of the Joint Program on the Science and Policy of Global Change (MIT) and is a visiting scholar at the Research Center for Sustainability Science, Ritsumeikan University in Japan.
Research interests
- Permits market design, price manipulation and participation restrictions;
- System linking and networking;
- Investment decisions under uncertainty;
- Energy economics;
- Real options;
- Experimental markets for emission permits.
Prospective PhD students
Luca welcomes enquiries from prospective PhD students with shared interests, and strong backgrounds in economics and statistics.
– Visit the ‘Study with us’ page for further information on applying to be a PhD student with us.
Research articles
- Carbon dating: when is it beneficial to link ETSs?
2 Jun 2017. Baran Doda, Luca Taschini - Emissions trading systems with cap adjustments
15 Sep 2016. Sascha Kollenberg, Luca Taschini - Understanding the demand for REDD+ credits
24 Jun 2016. Luca Taschini, Charles Palmer - FP7 Entracte project
6 Oct 2014. Luca Taschini - Experimental comparison between markets on dynamic permit trading and investment in irreversible abatement with and without non-regulated companies
10 Aug 2014. Luca Taschini - Experimental comparison between markets on dynamic permit trading and investment in irreversible abatement with and without non-regulated companies
21 Mar 2013. Luca Taschini - The endogenous price dynamics of emission allowances and an application to CO2 option pricing
20 Feb 2012. Luca Taschini - Linking emission trading schemes
20 Feb 2012. Luca Taschini - Cap-and-trade properties under different hybrid scheme designs
19 Jan 2011. Luca Taschini - Environmental economics and modelling marketable permits
18 Dec 2010. Luca Taschini - Cap-and-trade properties under different hybrid scheme designs
18 Oct 2010. Luca Taschini - The real option to fuel switch in the presence of expected windfall profits under the EU Emission Trading Scheme
18 Jul 2010. Luca Taschini
Books
- Emissions Markets and Products
10 Mar 2015 - Environmental finance and investments
1 Oct 2013
Working papers
- Carbon default swap – disentangling the exposure to carbon risk through CDS
27 Jan 2023 - Linking permit markets multilaterally
27 Feb 2019 - A theory of gains from trade in multilaterally linked ETSs
4 Sep 2017 - Getting more ‘carbon bang’ for your ‘buck’ in Acre State, Brazil
31 Oct 2016 - Emissions trading systems with cap adjustments
29 Jul 2016 - Renewables, allowances markets, and capacity expansion in energy-only markets
20 Jul 2016 - Dynamic supply adjustment and banking under uncertainty: the Market Stability Reserve
2 Mar 2016 - Comovement and the financialization of commodities
10 Nov 2015 - Carbon dating: When is it beneficial to link ETSs?
1 Aug 2015 - Understanding the demand for REDD+ credits
27 May 2015 - Cost-effective payments for reducing emissions from deforestation under uncertainty
1 Jan 2012 - Pollution permits, strategic trading and dynamic technology adoption
1 May 2011 - The role of stocks and shocks concepts in the debate over price vs. quantity
1 Mar 2011 - Experimental comparison between markets on dynamic permit trading and investment in irreversible abatement with and without nonregulated companies
1 Mar 2011 - A comparison of reduced-form permit price models and their empirical performances
1 Dec 2010 - Cap-and-trade properties under different hybrid scheme designs
1 Sep 2010 - Environmental economics and modelling marketable permits
1 Sep 2010
Policy publications
- Submission to the inquiry by the Energy and Climate Change Committee inquiry on ‘Leaving the EU: implications for UK climate policy’
Policy publications, 22 Sep 2016 - Submission to the inquiry by the House of Commons Select Committee on Energy and Climate Change on ‘Linking Emissions Trading Systems’
Policy publications, 16 Oct 2014 - System responsiveness and the European Union Emissions Trading System
Policy publications, 1 Jan 2014 - Options for structural measures to improve the European Union Emissions Trading System: response to a European Commission consultation
Policy publications, 1 Mar 2013 - The ‘surrender charge’ on international units in the Australian ETS
Policy publications, 1 Jan 2011
- Carbon markets: link with caution (on www.nature.com)
20 Apr 2017 - Should the UK stay or should it go? The consequences of a divorce with the EU ETS
14 Feb 2017 - Reform to European emissions trading is welcome, but the devil lies in the detail
24 Jul 2015 - Urgent market stability reserve: Important for clean energy investment (on www.voxeu.org)
7 Mar 2015 - EU plans to revive lifeless carbon market (on www.ft.com)
13 Oct 2014 - European Commission resists calls for carbon ‘central bank’ (on www.ft.com)
19 Jan 2014