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Allocation and Competitiveness in the EU Emissions Trading Scheme: Policy Overview

Author

Listed:
  • Michael Grubb

    (Faculty of Economics, Cambridge University)

  • Karsten Neuhoff

Abstract

The European emissions trading scheme (EU ETS) has an efficient and effective market design that risks being undermined by three interrelated problems: the approach to allocation; the absence of a credible commitment to post-2012 continuation; and concerns about its impact on the international competitiveness of key sectors. This special issue of Climate Policy explores these three factors in depth. This policy overview summarizes key insights from the individual studies in this issue, and draws overall policy conclusions about the next round of allocations and the design of the system for the longer term.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Michael Grubb & Karsten Neuhoff, 2006. "Allocation and Competitiveness in the EU Emissions Trading Scheme: Policy Overview," Working Papers EPRG 0622, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    • Handle: RePEc:enp:wpaper:eprg0622
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    File URL: https://www.jbs.cam.ac.uk/wp-content/uploads/2023/12/eprg-wp0622.pdf
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    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F18 - International Economics - - Trade - - - Trade and Environment

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