IDEAS home Printed from https://ideas.repec.org/a/ekz/ekonoz/2008106.html
   My bibliography  Save this article

El mercado de emisiones de la Unión Europea: ¿mitigación o generosidad?

Author

Listed:
  • Noemí Padrón Fumero

    (Universidad de La Laguna FEDEA)

Abstract

This article analyzes the functioning of the EU ETS based on the detailed information of the EU emissions registry for the three year period of Phase I (2005-2007). The analysis reveals that the level of verified CO2 emissions has been bellow the amount of assigned units for 152 million tonnes and a decreasing CO2 price path. Even though some authors have appointed the possibility that an excess supply may be the result of a global over-allocation of EUA, this article explores the hypothesis of irreversible investment in a context of banking restrictions what may explain overall results.

Suggested Citation

  • Noemí Padrón Fumero, 2008. "El mercado de emisiones de la Unión Europea: ¿mitigación o generosidad?," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 67(01), pages 92-117.
    • Handle: RePEc:ekz:ekonoz:2008106
    as

    Download full text from publisher

    File URL: http://www.ogasun.ejgv.euskadi.net/r51-k86aekon/es/k86aEkonomiazWar/ekonomiaz/downloadPDF?R01HNoPortal=true&idpubl=62®istro=895
    File Function: complete text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    European Union emissions trading scheme; climate change policy; dynamic efficiency;
    All these keywords.

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

    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:ekz:ekonoz:2008106. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Iñaki Treviño (email available below). General contact details of provider: https://edirc.repec.org/data/debages.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.