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Allocation and competitiveness in the EU emissions trading scheme: policy overview

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  • Grubb, M.
  • Neuhoff, K.

Abstract

The 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 Info

Paper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0645.

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Length: 44
Date of creation: Jun 2006
Date of revision:
Handle: RePEc:cam:camdae:0645

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Web page: http://www.econ.cam.ac.uk/index.htm

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