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Does EU ETS lead to emission reductions through trade? The case of the Swedish emissions trading sector participants

  • Sandoff, Anders
  • Schaad, Gabriela
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    The first trading period of the European Emissions Trading Scheme (EU ETS) has recently come to an end. The experiences of the actors in the trading sector will be of great importance in evaluating the aim and direction of this "Grand Policy Experiment". This paper gives an account of the attitudes and actions of the companies included in the Swedish emissions trading sector after about 15 months of experience with the system. The data are based on a study commissioned by the Swedish Environmental Protection Agency, and is a comprehensive survey that encompasses all companies operating installations included in the Swedish Emission Trading Registry. However, the results point in a somewhat disquieting direction. Although the Swedish companies have shown significant interest in reducing emissions, this survey indicates that this is done without close attention to the pricing mechanism of the market-based instruments. If this praxis is widespread within the European trading sector, it can have a serious negative effect on the efficiency of the system.

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    Article provided by Elsevier in its journal Energy Policy.

    Volume (Year): 37 (2009)
    Issue (Month): 10 (October)
    Pages: 3967-3977

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    Handle: RePEc:eee:enepol:v:37:y:2009:i:10:p:3967-3977
    Contact details of provider: Web page: http://www.elsevier.com/locate/enpol

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    1. Kruger, Joseph, 2005. "Companies and Regulators in Emissions Trading Programs," Discussion Papers dp-05-03, Resources For the Future.
    2. Renee Rico, 1995. "The U.S. allowance trading system for sulfur dioxide: An update on market experience," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 5(2), pages 115-129, March.
    3. Burtraw, Dallas & Kruger, Joseph & Zetterberg, Lars & Åhman, Markus, 2005. "The Ten-Year Rule: Allocation of Emission Allowances in the EU Emission Trading System," Discussion Papers dp-05-30, Resources For the Future.
    4. Jacoby, Henry D. & Ellerman, A. Denny, 2004. "The safety valve and climate policy," Energy Policy, Elsevier, vol. 32(4), pages 481-491, March.
    5. Michael Grubb & Karsten Neuhoff, 2006. "Allocation and competitiveness in the EU emissions trading scheme: policy overview," Climate Policy, Taylor & Francis Journals, vol. 6(1), pages 7-30, January.
    6. Kolk, Ans & Pinkse, Jonatan, 2004. "Market Strategies for Climate Change," European Management Journal, Elsevier, vol. 22(3), pages 304-314, June.
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