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Assessment of the impact of the European CO2 emissions trading scheme on the Portuguese chemical industry

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  • Tomás, R.A.F.
  • Ramôa Ribeiro, F.
  • Santos, V.M.S.
  • Gomes, J.F.P.
  • Bordado, J.C.M.
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    Abstract

    This paper describes an assessment of the impact of the enforcement of the European carbon dioxide (CO2) emissions trading scheme on the Portuguese chemical industry, based on cost structure, CO2 emissions, electricity consumption and allocated allowances data from a survey to four Portuguese representative units of the chemical industry sector, and considering scenarios that allow the estimation of increases on both direct and indirect production costs. These estimated cost increases were also compared with similar data from other European Industries, found in the references and with conclusions from simulation studies. Thus, it was possible to ascertain the impact of buying extra CO2 emission permits, which could be considered as limited. It was also found that this impact is somewhat lower than the impacts for other industrial sectors.

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    Bibliographic Info

    Article provided by Elsevier in its journal Energy Policy.

    Volume (Year): 38 (2010)
    Issue (Month): 1 (January)
    Pages: 626-632

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    Handle: RePEc:eee:enepol:v:38:y:2010:i:1:p:626-632

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    Web page: http://www.elsevier.com/locate/enpol

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    Keywords: CO2 emissions European emissions trading scheme Portuguese chemical industry;

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    Cited by:
    1. Raphael Calel & Antoine Dechezleprêtre, 2012. "Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market," Working Papers 2012.22, Fondazione Eni Enrico Mattei.
    2. Simone Borghesi & Giulio Cainelli & Massimiliano Mazzanti, 2012. "Brown Sunsets and Green Dawns in the Industrial Sector: Environmental Innovations, Firm Behavior and the European Emission Trading," Working Papers 2012.03, Fondazione Eni Enrico Mattei.
    3. Wilfried Ehrenfeld, 2012. "Climate Innovation - The Case of the Central German Chemical Industry," IWH Discussion Papers 2, Halle Institute for Economic Research.
    4. Giulio Cainelli & Massimiliano Mazzanti & Simone Borghesi, 2012. "The European Emission Trading Scheme and environmental innovation diffusion: Empirical analyses using Italian CIS data," Working Papers 201201, University of Ferrara, Department of Economics.
    5. Rammerstorfer, Margarethe & Eisl, Roland, 2011. "Carbon capture and storage—Investment strategies for the future?," Energy Policy, Elsevier, vol. 39(11), pages 7103-7111.

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