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The European Carbon Market In Action: Lessons From The First Trading Period. Interim Report

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  • Frank Convery
  • Christian De Perthuis
  • Denny Ellerman

Abstract

The European Union Emissions Trading Scheme (EU ETS) is the largest greenhouse gas market ever established. The European Union is leading the world's first effort to mobilize market forces to tackle climate change. A precise analysis of the EU ETS's performance is essential to its success, as well to that of future trading programs. The research program "The European Carbon Market in Action: Lessons from the First Trading Period," aims to provide such an analysis. It was launched at the end of 2006 by an international team led by Frank Convery, Christian de Perthius and Denny Ellerman. This interim report presents the researchers' findings to date. It was prepared after the research program's second workshop, held in Washington DC in January 2008. The first workshop was held in Paris in April 2007. Two additional workshops will be held in Prague in June 2008 and in Paris in September 2008. The researchers' complete analysis will be published in the beginning of 2009.

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Bibliographic Info

Paper provided by Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research in its series Working Papers with number 0802.

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Date of creation: Mar 2008
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Handle: RePEc:mee:wpaper:0802

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Cited by:
  1. ZhongXiang Zhang, 2012. "Competitiveness and Leakage Concerns and Border Carbon Adjustments," Working Papers 2012.80, Fondazione Eni Enrico Mattei.
  2. Shaw, Suzanne & De Perthuis, Christian, 2010. "Carbon market and climate negotiations," Economics Papers from University Paris Dauphine 123456789/4521, Paris Dauphine University.
  3. Biswajit Dhar & Kasturi Das, 2009. "The European Union’s Proposed Carbon Equalization System : Can it be WTO Compatible?," Development Economics Working Papers 22989, East Asian Bureau of Economic Research.
  4. Claudia Kettner & Daniela Kletzan-Slamanig & Angela Köppl, 2011. "The EU Emission Trading Scheme. Allocation Patterns and Trading Flows," WIFO Working Papers 402, WIFO.
  5. Anna Creti & Pierre-André Jouvet & Valérie Mignon, 2011. "Carbon Price Drivers: Phase I Versus Phase II Equilibrium?," Working Papers 2011-09, CEPII research center.
  6. Knut Einar Rosendahl & Jon Strand, 2014. "Emissions Trading with Offset Markets and Free Quota Allocations," CESifo Working Paper Series 4603, CESifo Group Munich.
  7. Keppler, Jan Horst & Mansanet-Bataller, Maria, 2010. "Causalities between CO2, electricity, and other energy variables during phase I and phase II of the EU ETS," Energy Policy, Elsevier, vol. 38(7), pages 3329-3341, July.
  8. Denny Ellerman, 2009. "The EU's Emissions Trading Scheme: A Proto-Type Global System?," EUI-RSCAS Working Papers 2, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
  9. Clarke, Harry, 2010. "Strategic issues in global climate change policy," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(2), June.
  10. Florin Sebastian Duma & Ioan Alin Nistor, 2012. "Trading Carbon Dioxide On The European Cabon Market Using The Eu Ets Platform," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(14), pages 16.
  11. Biswajit Dhar & Kasturi Das, 2009. "The European Union’s Proposed Carbon Equalization System : Can it be WTO Compatible?," Trade Working Papers 22780, East Asian Bureau of Economic Research.

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