Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/3150
Authors: 
Klepper, Gernot
Peterson, Sonja
Year of Publication: 
2004
Series/Report no.: 
Kiel Working Paper 1195
Abstract: 
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 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 of the role of the accession countries in the ETS.
Subjects: 
EU emissions trading scheme , Kyoto targets , computable general equilibrium model , DART
JEL: 
Q48
Q54
D58
F18
Document Type: 
Working Paper

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