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The European Carbon Market In Action: Lessons From The First Trading Period. Interim Report

Author

Listed:
  • Frank Convery
  • Christian De Perthuis
  • Denny Ellerman

Abstract

The European Union Emissions Trading Scheme (EU ETS) is the largest greenhouse gas market ever established. The European Union is leading the world's first effort to mobilize market forces to tackle climate change. A precise analysis of the EU ETS's performance is essential to its success, as well to that of future trading programs. The research program "The European Carbon Market in Action: Lessons from the First Trading Period," aims to provide such an analysis. It was launched at the end of 2006 by an international team led by Frank Convery, Christian de Perthius and Denny Ellerman. This interim report presents the researchers' findings to date. It was prepared after the research program's second workshop, held in Washington DC in January 2008. The first workshop was held in Paris in April 2007. Two additional workshops will be held in Prague in June 2008 and in Paris in September 2008. The researchers' complete analysis will be published in the beginning of 2009.

Suggested Citation

  • Frank Convery & Christian De Perthuis & Denny Ellerman, 2008. "The European Carbon Market In Action: Lessons From The First Trading Period. Interim Report," Working Papers 0802, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
  • Handle: RePEc:mee:wpaper:0802
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    Cited by:

    1. Harry Clarke, 2010. "Strategic issues in global climate change policy ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(2), pages 165-184, April.
    2. Zhang, Zhong Xiang, 2012. "Competitiveness and Leakage Concerns and Border Carbon Adjustments," International Review of Environmental and Resource Economics, now publishers, vol. 6(3), pages 225-287, December.
    3. repec:dau:papers:123456789/4521 is not listed on IDEAS
    4. Creti, Anna & Jouvet, Pierre-André & Mignon, Valérie, 2012. "Carbon price drivers: Phase I versus Phase II equilibrium?," Energy Economics, Elsevier, vol. 34(1), pages 327-334.
    5. Knut Rosendahl & Jon Strand, 2015. "Emissions Trading with Offset Markets and Free Quota Allocations," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 61(2), pages 243-271, June.
    6. Claudia Kettner & Daniela Kletzan-Slamanig & Angela Köppl, 2011. "The EU Emission Trading Scheme. Allocation Patterns and Trading Flows," WIFO Working Papers 402, WIFO.
    7. Denny Ellerman, 2009. "The EU's Emissions Trading Scheme: A Proto-Type Global System?," EUI-RSCAS Working Papers 2, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    8. Florin Sebastian Duma & Ioan Alin Nistor, 2012. "Trading Carbon Dioxide On The European Cabon Market Using The Eu Ets Platform," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(14), pages 1-16.
    9. repec:dau:papers:123456789/5269 is not listed on IDEAS
    10. Biswajit Dhar & Kasturi Das, 2009. "The European Union’s Proposed Carbon Equalization System : Can it be WTO Compatible?," Trade Working Papers 22780, East Asian Bureau of Economic Research.

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