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Emissions trading, CDM, JI, and more : the climate strategy of the EU

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  • Klepper, Gernot
  • Peterson, Sonja

Abstract

The objective of this paper is to assess the likely allocation effects of the current climate 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 order to highlight the effects of the grandfathering of permits to energy-intensive installations, the use of the project-based mechanisms (CDM and JI), and the restriction imposed by the supplementarity criterion.

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Bibliographic Info

Paper provided by Kiel Institute for the World Economy in its series Open Access publications from Kiel Institute for the World Economy with number info:hdl:10419/3814.

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Date of creation: 2006
Date of revision:
Publication status: Published in The energy journal (2006) v.27, p.1-26
Handle: RePEc:ner:ifwkie:info:hdl:10419/3814

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Web page: http://www.ifw-kiel.de

Related research

Keywords: Klimaschutz; Allokation; Joint Implementation; Wirtschaftspolitische Wirkungsanalyse; Allgemeines Gleichgewicht; EU-Staaten;

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Cited by:
  1. Anger, Niels, 2008. "Emissions trading beyond Europe: Linking schemes in a post-Kyoto world," Energy Economics, Elsevier, vol. 30(4), pages 2028-2049, July.
  2. Donald N. Dewees, 2008. "Pollution and the Price of Power," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 81-100.
  3. Dannenberg, Astrid & Mennel, Tim & Moslener, Ulf, 2007. "What Does Europe Pay for Clean Energy? Review of Macroeconomic Simulation Studies," ZEW Discussion Papers 07-019, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  4. Demailly, Damien & Quirion, Philippe, 2008. "European Emission Trading Scheme and competitiveness: A case study on the iron and steel industry," Energy Economics, Elsevier, vol. 30(4), pages 2009-2027, July.
  5. Sonja Peterson, 2006. "Efficient Abatement in Separated Carbon Markets: A Theoretical and Quantitative Analysis of the EU Emissions Trading Scheme," Kiel Working Papers 1271, Kiel Institute for the World Economy.
  6. Sathaye, Jayant A. & Anger, Niels, 2008. "Reducing Deforestation and Trading Emissions: Economic Implications for the post-Kyoto Carbon Market," ZEW Discussion Papers 08-016, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  7. Anger, Niels, 2006. "Emission trading beyond Europe: linking schemes in a post-Kyoto world," ZEW Discussion Papers 06-58, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  8. Anderson, Barry & Leib, Jörg & Martin, Ralf & McGuigan, Marty & Muuls, Mirabelle & de Preux, Laure & Wagner, Ulrich J., 2011. "Climate change policy and business in Europe: evidence from interviewing managers ," Open Access publications from London School of Economics and Political Science CEPOP027, London School of Economics and Political Science.
  9. Wilfried Rickels & Katrin Rehdanz & Andreas Oschlies, 2009. "Economics prospects of ocean iron fertilization in an international carbon market," Kiel Working Papers 1573, Kiel Institute for the World Economy.
  10. Hübler, Michael & Löschel, Andreas, 2012. "The EU decarbonisation roadmap 2050: What way to walk?," ZEW Discussion Papers 12-055, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  11. Tol, Richard S. J., 2008. "Intra-Union Flexibility of Non-ETS Emission Reduction Obligations in the European Union," Papers WP256, Economic and Social Research Institute (ESRI).
  12. Fatemeh Nazifi, 2010. "The price impacts of linking the European Union Emissions Trading Scheme to the Clean Development Mechanism," Environmental Economics and Policy Studies, Society for Environmental Economics and Policy Studies - SEEPS, vol. 12(4), pages 164-186, December.
  13. Damien Demailly & Philippe Quirion, 2006. "CO2 abatement, competitiveness and leakage in the European cement industry under the EU ETS: Grandfathering vs. output-based allocation," Post-Print halshs-00639327, HAL.
  14. Valeria Costantini & Francesco Gracceva, 2006. "The Kyoto Protocol and the European Emissions Trading Scheme," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 1, March.
  15. Kretschmer, Bettina & Narita, Daiju & Peterson, Sonja, 2009. "The economic effects of the EU biofuel target," Open Access publications from Kiel Institute for the World Economy info:hdl:10419/32984, Kiel Institute for the World Economy.
  16. Stankeviciute, Loreta & Kitous, Alban & Criqui, Patrick, 2008. "The fundamentals of the future international emissions trading system," Energy Policy, Elsevier, vol. 36(11), pages 4272-4286, November.
  17. Wilfried Rickels & Vicki Duscha & Andreas Keller & Sonja Peterson, 2007. "The determinants of allowance prices in the European Emissions Trading Scheme - Can we expect an efficient allowance market 2008?," Kiel Working Papers 1387, Kiel Institute for the World Economy.
  18. Paul Welfens & Jens Perret & Deniz Erdem, 2010. "Global economic sustainability indicator: analysis and policy options for the Copenhagen process," International Economics and Economic Policy, Springer, vol. 7(2), pages 153-185, August.
  19. Anping Chen & Nicolaas Groenewold, 2012. "The Regional Economic Effects of a Reduction in Carbon Emissions and An Evaluation of Offsetting Policies in China," Economics Discussion / Working Papers 12-14, The University of Western Australia, Department of Economics.

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