Combining cap-and-trade with offsets: Lessons from CER use in the EU ETS in 2008 and 2009
AbstractThe EU ETS is the first full scale example of a cap and trade system linked to project based mechanisms. While most papers on the subject focus on the policy design point of view, few have analyzed the facts. Offsets have been used by European industrial installations in 2008 and 2009. If the linking with an offset mechanism is successful, one should find evidence that offsets are used on a large scale, i.e. that significant volumes of credits go from a large number of projects to a large number of installations, independently from their sector, size or position, and that the limit of import is fully used at the end of the phase. This paper is an ex-post analysis of offsets used in the EU ETS in terms of intensity, frequency, and efficiency. This allows us to answer partially those questions and to identify possible explaining factors.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Chaire Economie du Climat in its series Working Papers with number 1103.
Length: 32 pages
Date of creation: Mar 2011
Date of revision:
EU ETS; Clean Development Mechanism; Linking;
Find related papers by JEL classification:
- Q49 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Other
- Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
- K32 - Law and Economics - - Other Substantive Areas of Law - - - Environmental, Health, and Safety Law
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-12-19 (All new papers)
- NEP-ENE-2011-12-19 (Energy Economics)
- NEP-EUR-2011-12-19 (Microeconomic European Issues)
- NEP-PPM-2011-12-19 (Project, Program & Portfolio Management)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Hervé-Mignucci, Morgan, 2011. "Rôle du signal prix du carbone sur les décisions d'investissement des entreprises," Economics Thesis from University Paris Dauphine, Paris Dauphine University, Paris Dauphine University, number 123456789/8200 edited by Keppler, Jan Horst.
- Matthew Ranson & Robert Stavins, 2014.
"Linkage of Greenhouse Gas Emissions Trading Systems: Learning from Experience,"
NBER Working Papers
19824, National Bureau of Economic Research, Inc.
- Matthew Ranson & Robert N. Stavins, 2014. "Linkage of Greenhouse Gas Emissions Trading Systems: Learning from Experience," Working Papers, Fondazione Eni Enrico Mattei 2014.07, Fondazione Eni Enrico Mattei.
- Vicente Medina & Angel Pardo & Roberto Pascual, 2013. "Carbon Credits: Who is the Leader of the Pack?," International Journal of Energy Economics and Policy, Econjournals, Econjournals, vol. 3(3), pages 210-220.
- Claudia Kettner & Daniela Kletzan-Slamanig & Angela Köppl, 2011. "The EU Emission Trading Scheme. Allocation Patterns and Trading Flows," WIFO Working Papers, WIFO 402, WIFO.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Climate Economics Chair).
If references are entirely missing, you can add them using this form.