Emissions Trading, CDM, JI, and More � The Climate Strategy of the EU
AbstractThe objective of this paper is to assess the likely allocation effects of the current cli-mate protection strategy as it is laid out in the National Allocation Plans (NAPs) for the European Emissions Trading Scheme (ETS). The multi-regional, multi-sectoral CGE-model DART is used to simulate the effects of the current policies in the year 2012 when the Kyoto targets need to be met. Different scenarios are simulated in or-der to highlight the effects of the grandfathering of permits to energy-intensive instal-lations, the use of the project-based mechanisms (CDM and JI), and the restriction imposed by the supplementarity criterion.
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Bibliographic InfoPaper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1238.
Length: 41 pages
Date of creation: Feb 2005
Date of revision:
Kyoto targets; EU; EU emissions trading scheme; National Allocation Plans; CDM and JI; computable general equilibrium model; DART;
Find related papers by JEL classification:
- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
- F18 - International Economics - - Trade - - - Trade and Environment
- Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
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- Henke, Jan Michael & Klepper, Gernot, 2006. "Biokraftstoffe: Königsweg für Klimaschutz, profitable Landwirtschaft und sichere Energieversorgung?," Kiel Discussion Papers 427, Kiel Institute for the World Economy (IfW).
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