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Der Emissionshandel in Deutschland und Österreich - ein wirksames Instrument des Klimaschutzes?

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  • Claudia Kemfert
  • Friedrich Schneider

Abstract

Europe has implemented in the year 2005 an emissions trading system in order to fulfill the Kyoto emissions reduction targets. In principle, the instrument should be a cost-efficient measure of climate protection. But within the first implementation phase because of a over-allocation of emissions permits the emissions price declined to almost zero. In order to improve the effectiveness of the emissions trading system, emission permits should be auctioned. In addition, more gases and sectors should ideally be covered. Copyright 2009 die Autoren Journal compilation 2009, Verein für Socialpolitik und Blackwell Publishing Ltd.

Suggested Citation

  • Claudia Kemfert & Friedrich Schneider, 2009. "Der Emissionshandel in Deutschland und Österreich - ein wirksames Instrument des Klimaschutzes?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 10(1), pages 92-122, February.
  • Handle: RePEc:bla:perwir:v:10:y:2009:i:1:p:92-122
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    References listed on IDEAS

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    1. Löschel, Andreas & Lange, Andreas & Hoffmann, Tim & Böhringer, Christoph & Moslener, Ulf, 2004. "Assessing Emission Allocation in Europe: An Interactive Simulation Approach," ZEW Discussion Papers 04-40, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    2. Cramton, Peter & Kerr, Suzi, 2002. "Tradeable carbon permit auctions: How and why to auction not grandfather," Energy Policy, Elsevier, vol. 30(4), pages 333-345, March.
    3. Claudia Kemfert & Jochen Diekmann, 2006. "Perspektiven der Energiepolitik in Deutschland," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 73(3), pages 29-42.
    4. Christoph Böhringer & Andreas Lange, 2005. "Economic Implications of Alternative Allocation Schemes for Emission Allowances," Scandinavian Journal of Economics, Wiley Blackwell, vol. 107(3), pages 563-581, September.
    5. Urs Steiner Brandt & Gert Tinggaard Svendsen, 2004. "Rent-Seeking and Grandfathering: The Case of GHG Trade in the Eu," Energy & Environment, , vol. 15(1), pages 69-80, January.
    6. Stavins Robert N., 1995. "Transaction Costs and Tradeable Permits," Journal of Environmental Economics and Management, Elsevier, vol. 29(2), pages 133-148, September.
    7. A. Ellerman & Barbara Buchner, 2008. "Over-Allocation or Abatement? A Preliminary Analysis of the EU ETS Based on the 2005–06 Emissions Data," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 41(2), pages 267-287, October.
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