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https://hdl.handle.net/10419/24513
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Anger, Niels | en |
dc.date.accessioned | 2009-02-16T14:56:58Z | - |
dc.date.available | 2009-02-16T14:56:58Z | - |
dc.date.issued | 2006 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheim | en |
dc.relation.ispartofseries | |aZEW Discussion Papers |x06-058 | en |
dc.subject.jel | H22 | en |
dc.subject.jel | H21 | en |
dc.subject.jel | Q58 | en |
dc.subject.jel | D61 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | EU ETS | en |
dc.subject.keyword | Emission Trading | en |
dc.subject.keyword | Kyoto Protocol | en |
dc.subject.keyword | Clean Development Mechanism | en |
dc.title | Emission trading beyond Europe: linking schemes in a post-Kyoto world | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 517627256 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:zewdip:5452 | en |
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