The European Emissions Trading System in Belgium
In this paper we analyze the allocation of allowances to Belgian industry during the first phase of EU ETS. Overall, Belgian industry was allocated long during phase 1 but there are marked differences between the regions. Allocations in Flanders were on average less generous than in the other regions and especially the power sector in Flanders has been allocated substantially short. This trend persists in 2008, the first year of Phase 2. The potential impact on economic performance of the companies involved was very limited but this is likely to change in Phase 3 when allowances will be auctioned. Especially for the extraction and cement sector, the potential impact could be large if they cannot transmit the cost increase in their product output prices.
|Date of creation:||Nov 2009|
|Date of revision:|
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- Regina Betz & Misato Sato, 2006. "Emissions trading: lessons learnt from the 1st phase of the EU ETS and prospects for the 2nd phase," Climate Policy, Taylor & Francis Journals, vol. 6(4), pages 351-359, July.
- Markussen, Peter & Svendsen, Gert Tinggaard, 2005. "Industry lobbying and the political economy of GHG trade in the European Union," Energy Policy, Elsevier, vol. 33(2), pages 245-255, January.
- 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).
- Alberola, Emilie & Chevallier, Julien & Cheze, Benoi^t, 2008. "Price drivers and structural breaks in European carbon prices 2005-2007," Energy Policy, Elsevier, vol. 36(2), pages 787-797, February.
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