Concilier compétitivité industrielle et politique climatique. Faut-il distribuer les quotas de CO2 en fonction de la production ou bien les ajuster aux frontières ?
AbstractWe compare four proposals for the European Union greenhouse gas Emission Trading Scheme (ets): auctioning of allowances, distribution of allowances proportional to current output, auctioning with border adjustment, and a hybrid distribution with auctioning for power production and output-based allocation in the other sectors. We develop a partial equilibrium model of the eu 27 featuring three sectors covered by the ets: cement, steel and electricity, as well as aluminium, indirectly impacted through the electricity price. The co 2 leakage rate ranges from 8% under auctioning to ? 2% with the border adjustment, and varies a lot across sectors. The aggregate economic cost is the highest with output-based allocation and the lowest with the border adjustment. Classification JEL : Q52, Q54, Q56
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Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): 59 (2008)
Issue (Month): 3 ()
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Find related papers by JEL classification:
- Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Costs; Distributional Effects; Employment Effects
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
- Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
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- Stéphanie Monjon & Philippe Quirion, 2010. "Addressing leakage in the EU ETS : Border adjustment or output-based allocation ?," CIRED Working Papers hal-00866444, HAL.
- repec:ner:dauphi:urn:hdl:123456789/7348 is not listed on IDEAS
- Stéphanie Monjon & Philippe Quirion, 2010. "Addressing leakage in the EU ETS : Border adjustment or output-based allocation ?," Working Papers hal-00866444, HAL.
- Fischer, Carolyn & Fox, Alan K., 2009. "Comparing Policies to Combat Emissions Leakage: Border Tax Adjustments versus Rebates," Discussion Papers dp-09-02, Resources For the Future.
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