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Der EU-Emissionshandel im Zielkonflikt zwischen Effizienz, Kompensation und Wettbewerbsneutralität

  • Christoph Böhringer
  • Andreas Lange
  • Ulf Moslener

This paper discusses fundamental aspects of the European emissions trading system which has been implemented in January 2005. We show how institutional features set by the EU Commission and the required subsidiary decisions by the respective Member States are potentially in conflict with the objectives of efficiency, compensation and competition neutrality. Inefficiencies can emerge from the decisions on the number of emission allowances and the way in which they are allocated. These problems are intensified by pressure from political interest groups. We argue that costs from recurring political debates and decisions on the National Allocation Plans could be avoided by using truly lump-sum-free allocation rules or moving towards auctioning off emission allowances. Copyright Verein für Socialpolitik und Blackwell Publishers Ltd, 2005

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Article provided by Verein für Socialpolitik in its journal Perspektiven der Wirtschaftspolitik.

Volume (Year): 6 (2005)
Issue (Month): 3 (08)
Pages: 309-323

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Handle: RePEc:bla:perwir:v:6:y:2005:i:3:p:309-323
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  1. Hoel, Michael, 1994. "Should a Carbon Tax be Differentiated Across Sectors?," CEPR Discussion Papers 1066, C.E.P.R. Discussion Papers.
  2. Patrick Graichen & Till Requate, 2005. "Der steinige Weg von der Theorie in die Praxis des Emissionshandels: Die EU-Richtlinie zum CO_2-Emissionshandel und ihre nationale Umsetzung," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 6(1), pages 41-56, 02.
  3. 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.
  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, 09.
  5. Bohringer, Christoph & Rutherford, Thomas F., 1997. "Carbon Taxes with Exemptions in an Open Economy: A General Equilibrium Analysis of the German Tax Initiative," Journal of Environmental Economics and Management, Elsevier, vol. 32(2), pages 189-203, February.
  6. Christoph Böhringer & Andreas Lange, 2005. "Mission Impossible !? On the Harmonization of National Allocation Plans under the EU Emissions Trading Directive," Journal of Regulatory Economics, Springer, vol. 27(1), pages 81-94, September.
  7. 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.
  8. Robert N. Stavins, 1998. "What Can We Learn from the Grand Policy Experiment? Lessons from SO2 Allowance Trading," Journal of Economic Perspectives, American Economic Association, vol. 12(3), pages 69-88, Summer.
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