Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/3270
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dc.contributor.authorKlepper, Gernoten_US
dc.contributor.authorPeterson, Sonjaen_US
dc.date.accessioned2009-01-28T14:32:47Z-
dc.date.available2009-01-28T14:32:47Z-
dc.date.issued2004en_US
dc.identifier.citation|aEuropean environment |c0961-0405 |nWiley |lChichester |v14 |y2004 |h4 |p201-218en_US
dc.identifier.urihttp://hdl.handle.net/10419/3270-
dc.description.abstractThe upcoming European Emissions Trading Scheme (ETS) is one of the morecontroversial climate policy instruments. Predictions about its likely impact andits performance can at present only be made to a certain degree. As long asthe National Allocations Plans are not finally settled the overall supply ofallowances is not determined. In this paper, we will identify key features andkey impacts of the EU ETS by scanning the range of likely allocation plansusing the simulation model DART. The analysis of the simulation resultshighlights a number of interesting details in terms of allowance trade flowsbetween Member States, of allowance prices, and in terms of the role of theaccession countries in the ETS. An important finding about the impact of thenew ETS with respect to achieving emission reductions more efficiently, i.e. atlower cost, is that savings can only be realized if the cap on emissions isdistributed between the ETS sector and the rest of the economy in such a waythat the different abatement costs are taken into account. This would imply arelatively small allocation of emissions to the ETS sector. The secondimportant result concerns the role of the accession countries. Even if they donot supply their hot-air in the ETS market, they contribute substantially to thecost savings of the ETS by offering low cost abatement options.en_US
dc.language.isoengen_US
dc.publisher|aZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft |cKiel, Hamburg-
dc.subject.jelQ48en_US
dc.subject.jelF18en_US
dc.subject.jelD58en_US
dc.subject.jelQ54en_US
dc.subject.ddc330-
dc.subject.keywordEU emissions trading schemeen_US
dc.subject.keywordpermit allocationen_US
dc.subject.keywordKyoto targetsen_US
dc.subject.keywordcomputable general equilibrium modelen_US
dc.subject.keywordDARTen_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwEmissionsrechteen_US
dc.subject.stwPreisen_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwSimulationen_US
dc.subject.stwEU-Staatenen_US
dc.titleThe EU emissions trading scheme allowance prices, trade flows and competitiveness effectsen_US
dc.typeArticleen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:ifwkie:3270-
dc.identifier.printppn392916401en_US

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