The EU Emissions Trading Scheme. Allowance Prices, Trade Flows, Competitiveness Effects
Data
01.01.2004
01.01.2004
Autori
Gernot Klepper, Sonja Peterson
Codice JEL
D58,F18,Q48,Q54
D58,F18,Q48,Q54
Parole chiave:
EU Emissions trading scheme,Kyoto targets,Computable general equilibrium model,DART
EU Emissions trading scheme,Kyoto targets,Computable general equilibrium model,DART
Publisher
Climate Change and Sustainable Development
Climate Change and Sustainable Development
Editor
Carlo Carraro
Carlo Carraro
The upcoming European Emissions Trading Scheme (ETS) is one of the more controversial climate policy instruments. Predictions about its likely impact and its performance can at present only be made to a certain degree. As long as the National Allocations Plans are not finally settled the overall supply of allowances is not determined. In this paper we will identify key features and key impacts of the EU ETS by scanning the range of likely allocation plans using the simulation model DART. The analysis of the simulation results highlights a number of interesting details in terms of allowance trade flows between member countries, of allowance prices, and in terms of the role of the accession countries in the ETS.