The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles
AbstractOn January 1st, 2005, the EU Emissions Trading Scheme (EU ETS) scheme was officially launched, only two years after the European Council adopted the EU Emissions Trading Directive (European Community 2003). As a consequence of this formal start, the world’s largest ever market in emissions has been established, and European companies now face a carbon-constrained reality in form of legally binding emission targets. Within essentially one year, 2004, the international carbon market has gained momentum through major policy developments and quick market responses, which among others have enabled the establishment of a framework for the EU carbon market.
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Date of creation: Sep 2006
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Other versions of this item:
- Buchner, Barbara & Carraro, Carlo & Ellerman, A Denny, 2006. "The Allocation of European Union Allowances. Lessons, Unifying Themes and General Principles," CEPR Discussion Papers 5843, C.E.P.R. Discussion Papers.
- Carlo Carraro & Barbara Buchner & Denny Ellerman, 2006. "The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles," Working Papers 2006_47, Department of Economics, University of Venice "Ca' Foscari".
- Barbara K. Buchner & Carlo Carraro & A. Denny Ellerman, 2006. "The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles," Working Papers 2006.116, Fondazione Eni Enrico Mattei.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
- Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
- Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
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