| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Abatement and Allocation in the Pilot Phase of the EU ETS
|
| Autores: |
Anderson, Barry
Di Maria, Corrado
Convery, Frank J.
|
| Data: |
2009-12-18
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| Ano: |
2009
|
| Palavras-chave: |
Emissions Trading Scheme
Climate Policy
Dynamic Panel Data Analysis
Environmental Economics and Policy
C23
O13
Q54
Q58
|
| Resumo: |
We use historical industrial emissions data to assess the level of abatement and overallocation that took place across European countries during the pilot phase (2005-2007)of the European Union Emission Trading Scheme. Using a dynamic panel data model, we estimate the counterfactual (business-as-usual) emissions scenario for EU member states. Comparing this baseline to allocated and verified emissions, we conclude that both overallocation and abatement occurred, along with under-allocation and emissions inflation. Over the three trading years of the pilot phase we find over-allocation of approximately 376 million EUAs (6%) and total abatement at the member state level of 107 Mt CO2 (1.8%). However, due to over-allocation and possible uncertainty about future allocation methodologies, we calculate that emissions inflation of approximately 119 Mt CO2 (2%) occurred, resulting in emissions over the pilot phase being approximately 12 Mt CO2 (0.2%) higher than they would have been in the absence of the EU ETS.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
|
| Identificador: |
http://purl.umn.edu/55831
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| Relação: |
Fondazione Eni Enrico Mattei (FEEM)>Sustainable Development Papers
SD
110.2009
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| Formato: |
24
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