IDEAS home Printed from https://ideas.repec.org/a/bla/perwir/v6y2005i1p41-56.html
   My bibliography  Save this article

Der steinige Weg von der Theorie in die Praxis des Emissionshandels: Die EU‐Richtlinie zum CO2‐Emissionshandel und ihre nationale Umsetzung

Author

Listed:
  • Patrick Graichen
  • Till Requate

Abstract

In July 2003 the European Parliament and the Council have started a new era of environmental regulation by establishing a nationwide open emission trading system for the European Union. In this article we firstly critically discuss the institutional rules set by the EU‐directive. Secondly, we analyse consequences for the national allocation plans. Furthermore, we discuss the allocation rules for emission permits, which are currently under consideration for Germany. In particular we focus on output‐based versus emission‐based allocation rules and on treatments of new entrants and firm exits. We argue that free permits should only be allocated due to either historic output or historic emissions. We further argue that new entrants should not get any free permits and that firms which leave the market should not lose their permits assigned for future periods. Finally we discuss interaction of emission trading and related instruments such as eco‐taxes, and subsidies for renewable energy.

Suggested Citation

  • Patrick Graichen & Till Requate, 2005. "Der steinige Weg von der Theorie in die Praxis des Emissionshandels: Die EU‐Richtlinie zum CO2‐Emissionshandel und ihre nationale Umsetzung," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 6(1), pages 41-56, February.
    • Handle: RePEc:bla:perwir:v:6:y:2005:i:1:p:41-56
    DOI: 10.1111/j.1465-6493.2005.00167.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1465-6493.2005.00167.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1465-6493.2005.00167.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Gagelmann, Frank & Hansjürgens, Bernd, 2002. "Der neue CO₂-Emissionshandel in der EU," Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (1949 - 2007), ZBW - Leibniz Information Centre for Economics, vol. 82(4), pages 226-234.
    2. Bohringer, Christoph & Lange, Andreas, 2005. "On the design of optimal grandfathering schemes for emission allowances," European Economic Review, Elsevier, vol. 49(8), pages 2041-2055, November.
    3. Spulber, Daniel F., 1985. "Effluent regulation and long-run optimality," Journal of Environmental Economics and Management, Elsevier, vol. 12(2), pages 103-116, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alfred Endres, 2008. "Ein Unmöglichkeitstheorem für die Klimapolitik?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 9(3), pages 350-382, August.
    2. Christoph Böhringer & Andreas Lange & Ulf Moslener, 2005. "Der EU‐Emissionshandel im Zielkonflikt zwischen Effizienz, Kompensation und Wettbewerbsneutralität," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 6(3), pages 309-323, August.
    3. Verena L. Holzer, 2004. "Ecological Objectives and the Energy Sector - the German Renewable Energies Act and the European Emissions Trading System -," Volkswirtschaftliche Diskussionsbeiträge 63, Universität Potsdam, Wirtschafts- und Sozialwissenschaftliche Fakultät.
    4. Clasing, Martin, 2006. "CO₂-Emissionshandel - Auswirkungen auf die deutsche Energiewirtschaft," Jena Contributions to Economic Research 2006,2, Ernst-Abbe-Hochschule Jena – University of Applied Sciences, Department of Business Administration.
    5. Manuel Frondel & Christoph M. Schmidt & Colin Vance, 2008. "Emissions Trading: Impact on Electricity Prices and Energy-Intensive Industries," Ruhr Economic Papers 0081, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
    6. repec:zbw:rwirep:0081 is not listed on IDEAS
    7. Rogge, Karoline S. & Schleich, Joachim & Betz, Regina, 2006. "An early assessment of national allocation plans for phase 2 of EU emission trading," Working Papers "Sustainability and Innovation" S1/2006, Fraunhofer Institute for Systems and Innovation Research (ISI).
    8. Manuel Frondel & Christoph Schmidt & Colin Vance, 2012. "Emissions trading: Impact on electricity prices and energy-intensive industries," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 47(2), pages 104-111, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Patrick Graichen & Till Requate, 2005. "Der steinige Weg von der Theorie in die Praxis des Emissionshandels: Die EU‐Richtlinie zum CO2‐Emissionshandel und ihre nationale Umsetzung," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 6(1), pages 41-56, February.
    2. Yoshifumi Konishi & Nori Tarui, 2015. "Emissions Trading, Firm Heterogeneity, and Intra-industry Reallocations in the Long Run," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 2(1), pages 1-42.
    3. Knut Rosendahl & Halvor Storrøsten, 2011. "Emissions Trading with Updated Allocation: Effects on Entry/Exit and Distribution," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 49(2), pages 243-261, June.
    4. Dardati, Evangelina & Saygili, Meryem, 2020. "Aggregate impacts of cap-and-trade programs with heterogeneous firms," Energy Economics, Elsevier, vol. 92(C).
    5. Fabio Antoniou & Roland Strausz, 2014. "The Effectiveness of Taxation and Feed-in Tariffs," CESifo Working Paper Series 4788, CESifo.
    6. Arnott, Richard & Hochman, Oded & Rausser, Gordon C., 2008. "Pollution and land use: Optimum and decentralization," Journal of Urban Economics, Elsevier, vol. 64(2), pages 390-407, September.
    7. Christoph Böhringer & Carolyn Fischer & Nicholas Rivers, 2023. "Intensity-Based Rebating of Emission Pricing Revenues," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 10(4), pages 1059-1089.
    8. Kevin R. Kaushal & Knut Einar Rosendahl, 2020. "Taxing Consumption to Mitigate Carbon Leakage," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(1), pages 151-181, January.
    9. Qian Dai & Jiaqi Yang & Dong Li, 2018. "Modeling a Three-Mode Hybrid Port-Hinterland Freight Intermodal Distribution Network with Environmental Consideration: The Case of the Yangtze River Economic Belt in China," Sustainability, MDPI, vol. 10(9), pages 1-26, August.
    10. Krysiak, Frank C., 2008. "Prices vs. quantities: The effects on technology choice," Journal of Public Economics, Elsevier, vol. 92(5-6), pages 1275-1287, June.
    11. Beck, Ulrik R. & Kruse-Andersen, Peter K. & Stewart, Louis B., 2023. "Carbon leakage in a small open economy: The importance of international climate policies," Energy Economics, Elsevier, vol. 117(C).
    12. Halvor Briseid Storrøsten, 2012. "Prices vs. quantities: Technology choice, uncertainty and welfare," Discussion Papers 677, Statistics Norway, Research Department.
    13. Meunier, Guy & Ponssard, Jean-Pierre & Quirion, Philippe, 2014. "Carbon leakage and capacity-based allocations: Is the EU right?," Journal of Environmental Economics and Management, Elsevier, vol. 68(2), pages 262-279.
    14. Rogge, Karoline S. & Schleich, Joachim & Betz, Regina, 2006. "An early assessment of national allocation plans for phase 2 of EU emission trading," Working Papers "Sustainability and Innovation" S1/2006, Fraunhofer Institute for Systems and Innovation Research (ISI).
    15. Gersbach, Hans & Requate, Till, 2004. "Emission taxes and optimal refunding schemes," Journal of Public Economics, Elsevier, vol. 88(3-4), pages 713-725, March.
    16. Petrakis, Emmanuel & Xepapadeas, Anastasios, 2003. "Location decisions of a polluting firm and the time consistency of environmental policy," Resource and Energy Economics, Elsevier, vol. 25(2), pages 197-214, May.
    17. Bialek, Sylwia & Gregory, Jack & Revesz, Richard L., 2022. "Still your grandfather's boiler: Estimating the effects of the Clean Air Act's grandfathering provisions," Working Papers 05/2022, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
    18. Löschel, Andreas & Alexeeva-Talebi, Victoria & Mennel, Tim, 2008. "Climate Policy and the Problem of Competitiveness: Border Tax Adjustments or Integrated Emission Trading?," ZEW Discussion Papers 08-061, ZEW - Leibniz Centre for European Economic Research.
    19. Luca Taschini, 2010. "Environmental Economics and Modeling Marketable Permits," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 17(4), pages 325-343, December.
    20. AZOMAHOU, Théophile & BOUCEKKINE, Raouf & NGUYEN-VAN, Phu, 2009. "Promoting clean technologies under imperfect competition," LIDAM Discussion Papers CORE 2009011, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:perwir:v:6:y:2005:i:1:p:41-56. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/vfsocea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.