EconStor >
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim >
ZEW Discussion Papers >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/24208
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorBöhringer, Christophen_US
dc.contributor.authorMoslener, Ulfen_US
dc.contributor.authorSturm, Bodoen_US
dc.date.accessioned2009-02-16T14:49:58Z-
dc.date.available2009-02-16T14:49:58Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/24208-
dc.description.abstractSince January 1st the European Union has launched an EU-internal emissions trading scheme (EU ETS) for emission-intensive installations as the central pillar to comply with the Kyoto Protocol. The EU ETS may be linked at some time to a Kyoto emissions market where greenhouse gas emission allowances of signatory Kyoto countries can be traded. In this paper we investigate the implications of Russian market power for environmental effectiveness and regional compliance costs to the Kyoto Protocol taking into account potential linkages between the Kyoto emissions market and the EU ETS. We find that Russia may have incentives to join the EU ETS as long as the latter remains separated from the Kyoto international emissions market. In this case, Russia can exert monopolistic price discrimination between two separated markets thereby maximizing revenues from hot air sales. The EU will be able to substantially reduce compliance costs when it does not restrain itself to EU-internal emission regulation schemes. However, part of the gains from extra-EU emissions trading will come at the expense of environmental effectiveness as (more) hot air will be drawn in.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim-
dc.relation.ispartofseriesZEW Discussion Papers 06-16en_US
dc.subject.jelQ25en_US
dc.subject.jelD42en_US
dc.subject.ddc330en_US
dc.subject.keywordmarket poweren_US
dc.subject.keywordhot airen_US
dc.subject.keywordclimate policyen_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwEmissionshandelen_US
dc.subject.stwEmissionsrechteen_US
dc.subject.stwEU-Europäischen_US
dc.subject.stwMarktmachten_US
dc.subject.stwRusslanden_US
dc.titleHot Air for Sale: A Quantitative Assessment of Russia's Near-Term Climate Policy Optionsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn51022475Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:4595-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

Files in This Item:
File Description SizeFormat
dp06016.pdf291.9 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.