The name is absent



Industry-Level Emission Trading in the EU

41

Table A.6:

Elasticities

& KL

Substitution between capital and labor in production

0.5

& KLE

Substitution between energy and value-added in production

0.3

& ELE

Substitution between electricity and the non-electric energy
composite in production

1

& COA

Substitution between coal and the non-coal fossil fuel composite in
production (except fossil fuels)

0.5

& FF

Substitution between natural resources and other inputs in fossil fuel
production calibrated consistently to exogenous supply elasticities
^FF ■

μcoA=0.5 Pcru=1.0

Mgas =1.0

& M

Substitution between imports from different regions

8

& a

Substitution between the import aggregate and the domestic input

4

& EC

Substitution between energy goods in household energy
consumption

0.5



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