Allocation and competitiveness in the EU emissions trading scheme: policy overview
AbstractThe European emissions trading scheme (EU ETS) has an efficient and effective market design that risks being undermined by three interrelated problems: the approach to allocation; the absence of a credible commitment to post-2012 continuation; and concerns about its impact on the international competitiveness of key sectors. This special issue of Climate Policy explores these three factors in depth. This policy overview summarizes key insights from the individual studies in this issue, and draws overall policy conclusions about the next round of allocations and the design of the system for the longer term.
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Bibliographic InfoPaper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0645.
Date of creation: Jun 2006
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This paper has been announced in the following NEP Reports:
- NEP-AGR-2006-06-24 (Agricultural Economics)
- NEP-ALL-2006-06-24 (All new papers)
- NEP-EEC-2006-06-24 (European Economics)
- NEP-ENE-2006-06-24 (Energy Economics)
- NEP-ENV-2006-06-24 (Environmental Economics)
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