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EU Emission Trading: Starting with Carbon Dioxide

Author

Listed:
  • Morten Vesterdal

    (Analyst, Atel Trading, Switzerland)

  • Gert Tinggaard Svendsen

    (Associate professor, PhD, Department of Economics, The Aarhus School of Business, homepage: http://www.hha.dk/eok/nat/staff/gts_form.htm)

Abstract

The Commission of the European Union wants to start a limited emission trading scheme by 2005 within the Community to enable “learning-by-doing†prior to the Kyoto Protocol. This is to accomplish the desired 8% target level for six different greenhouse gases. However, in the EU it is not clear whether all the six relevant greenhouse gases or only CO 2 should be traded. What is the simplest and most practicable solution? We argue in favour of the latter option for three main reasons: the possible dominating global warming potential of CO 2 , expected future developments in CO 2 emissions and the fact, that CO 2 is the pollutant most easily monitored.

Suggested Citation

  • Morten Vesterdal & Gert Tinggaard Svendsen, 2003. "EU Emission Trading: Starting with Carbon Dioxide," Energy & Environment, , vol. 14(4), pages 397-406, July.
    • Handle: RePEc:sae:engenv:v:14:y:2003:i:4:p:397-406
    DOI: 10.1260/095830503322364412
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    References listed on IDEAS

    as
    1. Gert T. Svendsen, 2003. "The Political Economy of the European Union," Books, Edward Elgar Publishing, number 2621.
    2. Gert T. Svendsen, 1998. "public choice and environmental regulation," Books, Edward Elgar Publishing, number 1298.
    3. Carsten Daugbjerg & Gert Tinggaard Svendsen, 2001. "Green Taxation in Question," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-59553-8, September.
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    Cited by:

    1. Urs Steiner Brandt & Gert Tinggaard Svendsen, 2014. "A Blind Eye to Industry-Level Corruption? The Risk of Favouring Domestic Industries in the EU ETS," Energy & Environment, , vol. 25(2), pages 263-279, April.

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