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Over-Allocation or Abatement? A Preliminary Analysis of the Eu Ets Based on the 2005 Emissions Data

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Author Info

  • Barbara Buchner

    (Fondazione Eni Enrico Mattei)

  • Denny Ellerman

    (Massachusetts Institute of Technology)

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    Abstract

    This paper provides an initial analysis of the EU ETS based on the installation-level data for verified emissions and allowance allocations in the first trading year. Those data, released on May 15, 2006, and subsequent updates revealed that CO2 emissions were about 4% lower than the allocated allowances. The main objective of the paper is to shed light on the extent to which over-allocation and abatement have taken place in 2005. We propose a measure by which over-allocation can be judged and provide estimates of abatement based on emissions data and indicators of economic activity as well as trends in energy and carbon intensity. Finally, we discuss the insights and implications that emerge from this tentative assessment.

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    File URL: http://www.feem.it/userfiles/attach/Publication/NDL2006/NDL2006-139.pdf
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    Bibliographic Info

    Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2006.139.

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    Date of creation: Nov 2006
    Date of revision:
    Handle: RePEc:fem:femwpa:2006.139

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    Related research

    Keywords: Climate Change; Emission Trading; Allocation; Environmental Effects;

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    Cited by:
    1. Widerberg, Anna & Wråke, Markus, 2009. "The Impact of the EU Emissions Trading System on CO2 Intensity in Electricity Generation," Working Papers in Economics 361, University of Gothenburg, Department of Economics.

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