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http://hdl.handle.net/10419/24513
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| DC Field | | Value | | Language |
| dc.contributor.author | | Anger, Niels | | en_US |
| dc.date.accessioned | | 2009-02-16T14:56:58Z | | - |
| dc.date.available | | 2009-02-16T14:56:58Z | | - |
| dc.date.issued | | 2006 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/24513 | | - |
| dc.description.abstract | | This paper assesses the economic impacts of linking the EU Emission Trading Scheme (ETS) to emerging schemes beyond Europe, in the presence of a post-Kyoto agreement in 2020. Simulations with a numerical multi-country model of the world carbon market show that linking the European ETS induces only marginal economic benefits: As trading is restricted to energy-intensive industries that are assigned generous initial emissions, the major compliance burden is carried by non-trading industries excluded from the linked ETS. In the presence of parallel government trading under a post-Kyoto Protocol, excluded sectors can however be substantially compensated by international trading at the country level, thus increasing the political attractiveness of the linking process. From an efficiency perspective, a desirable future climate policy regime represents a joint trading system that enables international emission trading between ETS companies and governments. While the Clean Development Mechanism (CDM) cannot alleviate the inefficiencies of linked ETS, in a parallel or joint trading regime the access to abatement options of developing countries induces large additional cost savings. Restricting CDM access via a supplementarity criterion does not significantly decrease the economic benefits from project-based emission crediting. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Zentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim | | - |
| dc.relation.ispartofseries | | ZEW Discussion Papers 06-58 | | en_US |
| dc.subject.jel | | H22 | | en_US |
| dc.subject.jel | | H21 | | en_US |
| dc.subject.jel | | Q58 | | en_US |
| dc.subject.jel | | D61 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | EU ETS | | en_US |
| dc.subject.keyword | | Emission Trading | | en_US |
| dc.subject.keyword | | Kyoto Protocol | | en_US |
| dc.subject.keyword | | Clean Development Mechanism | | en_US |
| dc.title | | Emission trading beyond Europe: linking schemes in a post-Kyoto world | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 517627256 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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| dp06058.pdf | | 272.62 kB | Adobe PDF |
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