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Abatement and Allocation in the Pilot Phase of the EU ETS AgEcon
Anderson, Barry; Di Maria, Corrado; Convery, Frank J..
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...
Tipo: Working or Discussion Paper Palavras-chave: Emissions Trading Scheme; Climate Policy; Dynamic Panel Data Analysis; Environmental Economics and Policy; C23; O13; Q54; Q58.
Ano: 2009 URL: http://purl.umn.edu/55831
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Assessing the European Union emissions trading directive AgEcon
Convery, Frank J.; Redmond, Luke; Dunne, Louise; Ryan, Lisa B..
The Emissions Trading scheme now (January 2003) in prospect in the European Union is likely to be the first trans-national greenhouse gas emissions trading scheme in the world. With the participation of the European Economic Area [EEA] countries and with the forthcoming EU enlargement, 30 countries could be involved in this scheme by 2012. Under European Union law, the European Commission is responsible for making proposals, which are then decided upon by the Council of Ministers - on a 'qualified majority' basis in this case - representing the 15 Member State governments, and the European Parliament. In the case of this Directive, the Commission prepared its initial proposals, which have then been scrutinised by the European Parliament and the Council...
Tipo: Journal Article Palavras-chave: Emissions trade; Directive; Europe; International Relations/Trade; F18; N54; Q56.
Ano: 2003 URL: http://purl.umn.edu/28794
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