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https://hdl.handle.net/10419/53202
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Anderson, Barry | en |
dc.contributor.author | Di Maria, Corrado | en |
dc.contributor.author | Convery, Frank | en |
dc.date.accessioned | 2011-12-15T11:31:11Z | - |
dc.date.available | 2011-12-15T11:31:11Z | - |
dc.date.issued | 2009 | - |
dc.identifier.uri | http://hdl.handle.net/10419/53202 | - |
dc.description.abstract | We use historical industrial emissions data to assess the level of abatement and overallocation that took place across European countries during the pilot phase (2005-2007)of the European Union Emission Trading Scheme. Using a dynamic panel data model, we estimate the counterfactual (business-as-usual) emissions scenario for EU member states. Comparing this baseline to allocated and verified emissions, we conclude that both overallocation and abatement occurred, along with under-allocation and emissions inflation. Over the three trading years of the pilot phase we find over-allocation of approximately 376 million EUAs (6%) and total abatement at the member state level of 107 Mt CO2 (1.8%). However, due to over-allocation and possible uncertainty about future allocation methodologies, we calculate that emissions inflation of approximately 119 Mt CO2 (2%) occurred, resulting in emissions over the pilot phase being approximately 12 Mt CO2 (0.2%) higher than they would have been in the absence of the EU ETS. | en |
dc.language.iso | eng | en |
dc.publisher | |aFondazione Eni Enrico Mattei (FEEM) |cMilano | en |
dc.relation.ispartofseries | |aNota di Lavoro |x110.2009 | en |
dc.subject.jel | C23 | en |
dc.subject.jel | O13 | en |
dc.subject.jel | Q54 | en |
dc.subject.jel | Q58 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Emissions Trading Scheme | en |
dc.subject.keyword | Climate Policy | en |
dc.subject.keyword | Dynamic Panel Data Analysis | en |
dc.title | Abatement and allocation in the pilot phase of the EU ETS | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 646155296 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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