Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24208
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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 tradingscheme (EU ETS) for emission-intensive installations as the central pillar to comply withthe Kyoto Protocol. The EU ETS may be linked at some time to a Kyoto emissionsmarket where greenhouse gas emission allowances of signatory Kyoto countries can betraded. In this paper we investigate the implications of Russian market power forenvironmental effectiveness and regional compliance costs to the Kyoto Protocol takinginto account potential linkages between the Kyoto emissions market and the EU ETS. Wefind that Russia may have incentives to join the EU ETS as long as the latter remainsseparated from the Kyoto international emissions market. In this case, Russia can exertmonopolistic price discrimination between two separated markets thereby maximizingrevenues from hot air sales. The EU will be able to substantially reduce compliance costswhen it does not restrain itself to EU-internal emission regulation schemes. However, partof the gains from extra-EU emissions trading will come at the expense of environmentaleffectiveness as (more) hot air will be drawn in.en_US
dc.language.isoengen_US
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheim-
dc.relation.ispartofseries|aZEW Discussion Papers |x06-16en_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-

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