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The Sustainability Impact of the EU Emissions Trading System on the European Industry

Author

Listed:
  • bleischwitz, raimund
  • fuhrmann, katrin
  • huchler, elias

Abstract

This BEEP explains the mechanism of the EU Emissions Trading System (ETS) for the greenhouse gas carbon dioxide and explore into its likely sustainability impact on European industry. In doing so, it focuses on energy-intensive indus-tries like cement, steel and aluminium production as well as on the emerging hy-drogen economy. The BEEP concludes that at the moment it is still very inconsis-tently implemented and has a fairly narrow scope regarding greenhouse gases and involved sectors. It may also give an incentive to relocate for energy-intensive industries. In its current format, the EU ETS does not yet properly facilitate long term innovation dynamics such as the transition to a hydrogen economy. Nevertheless, the EU ETS is foremost a working system that – with some improvements – has the potential to become a pillar for effective and efficient climate change policy that also gives incentives for investment into climate friendly policies.

Suggested Citation

  • bleischwitz, raimund & fuhrmann, katrin & huchler, elias, 2007. "The Sustainability Impact of the EU Emissions Trading System on the European Industry," MPRA Paper 14519, University Library of Munich, Germany, revised Sep 2007.
  • Handle: RePEc:pra:mprapa:14519
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    File URL: https://mpra.ub.uni-muenchen.de/14519/1/MPRA_paper_14519.pdf
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    References listed on IDEAS

    as
    1. A. Rodriguez-Pose & Riccardo Crescenzi, 2006. "R&D, spillovers, innovatoin systems and the genesis of regional growth in Europe," Departmental Working Papers of Economics - University 'Roma Tre' 0067, Department of Economics - University Roma Tre.
    2. Nikolay Nenovsky & S. Statev, 2006. "Introduction," Post-Print halshs-00260898, HAL.
    3. Paolo Guerrieri & Bernardo Maggi & Valentina Meliciani & Pier Carlo Padoan, 2005. "Technology Diffusion, Services, and Endogenous Growth in Europe. Is the Lisbon Strategy Still Alive?," Bruges European Economic Research Papers 2, European Economic Studies Department, College of Europe.
    4. Luis Rubalcaba, 2007. "Services in European Policies," Bruges European Economic Policy Briefings 16, European Economic Studies Department, College of Europe.
    5. M. Ruth & K. Donaghy & P. Kirshen, 2006. "Introduction," Chapters,in: Regional Climate Change and Variability, chapter 1 Edward Elgar Publishing.
    6. Bleischwitz, Raimund & Fuhrmann, Katrin, 2006. "Introduction to the special issue on `hydrogen' in `Energy Policy'," Energy Policy, Elsevier, vol. 34(11), pages 1223-1226, July.
    7. Alfred Endres & Cornelia Ohl, 2005. "Kyoto, Europe?—An Economic Evaluation of the European Emission Trading Directive," European Journal of Law and Economics, Springer, vol. 19(1), pages 17-39, January.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Bleischwitz, Raimund & Bader, Nikolas, 2010. "Policies for the transition towards a hydrogen economy: the EU case," Energy Policy, Elsevier, vol. 38(10), pages 5388-5398, October.
    2. Mirzha de Manuel Armendía, 2011. "Market Efficiency in the EU Emissions Trading Scheme. An outlook for the third trading period," Bruges European Economic Research Papers 20, European Economic Studies Department, College of Europe.
    3. Raimund Bleischwitz & Nicolas Bader, 2008. "The Policy Framework for the Promotion of Hydrogen and Fuel Cells in Europe: A Critical Assessment," Bruges European Economic Policy Briefings 19, European Economic Studies Department, College of Europe.
    4. repec:eee:ecmode:v:69:y:2018:i:c:p:114-126 is not listed on IDEAS

    More about this item

    Keywords

    emissions trading; EU; sustainability;

    JEL classification:

    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • F15 - International Economics - - Trade - - - Economic Integration
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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