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Emissions Trading, CDM, JI, and More: The Climate Strategy of the EU

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Author Info
Gernot Klepper
Sonja Peterson
Abstract

The objective of this paper is to assess the likely allocation effects of the current climate protection strategy as it is laid out in the National Allocation Plans (NAPs) for the European Emissions Trading Scheme (ETS). The multi-regional, multi-sectoral CGE-model DART is used to simulate the effects of the current policies in the year 2012 when the Kyoto targets need to be met. Different scenarios are simulated in order to highlight the effects of the grandfathering of permits to energy-intensive installations, the use of the project-based mechanisms (CDM and JI), and the restriction imposed by the supplementarity criterion.

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Publisher Info
Article provided by International Association for Energy Economics in its journal The Energy Journal.

Volume (Year): 27 (2006)
Issue (Month): 2 ()
Pages: 1-26
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Handle: RePEc:aen:journl:2006v27-02-a01

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F0 - International Economics - - General

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  1. Tol, Richard S. J., 2008. "Intra-Union Flexibility of Non-ETS Emission Reduction Obligations in the European Union," Papers WP256, Economic and Social Research Institute (ESRI). [Downloadable!]
    Other versions:
  2. Donald N Dewees, 2006. "Pollution and the Price of Power," Working Papers tecipa-246, University of Toronto, Department of Economics. [Downloadable!]
    Other versions:
  3. Tol, Richard S. J., 2009. "Intra- and Extra-Union Flexibility in Meeting the European Union's Emission Reduction Targets," Papers WP290, Economic and Social Research Institute (ESRI). [Downloadable!]
    Other versions:
  4. Sathaye, Jayant A. & Anger, Niels, 2008. "Reducing Deforestation and Trading Emissions: Economic Implications for the post-Kyoto Carbon Market," ZEW Discussion Papers 08-016, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
  5. Anger, Niels, 2006. "Emission trading beyond Europe : linking schemes in a post-Kyoto world," ZEW Discussion Papers 06-58, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
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This page was last updated on 2009-12-22.

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