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ETCLIP – The Challenge of the European Carbon Market: Emission Trading, Carbon Leakage and Instruments to Stabilise the CO2 Price. The EU Emission Trading Scheme: Sectoral Allocation Patterns and the Effects of the Economic Crisis

  • Claudia Kettner

    (WIFO)

  • Daniela Kletzan-Slamanig

    (WIFO)

  • Angela Köppl

    (WIFO)

The European Emission Trading Scheme (EU ETS) is a key instrument in European climate policy and covers emitters from the energy and manufacturing sector. The ETS pilot phase (2005-2007) was characterised by an oversupply of emission allowances mainly due to the "generous" allocation of allowances by member countries. For the second trading phase (2008-2012) the European Commission aimed at increasing the stringency of the overall emission cap and took a more active role in approving member countries' National Allocation Plans. Due to the decline in economic activity and emissions in the course of the economic crisis, the cap, however, was only stringent in 2008 whereas 2009 and 2010 both showed a long position for EU total. Differences in national and sectoral caps are found for all years. In this paper, we analyse differences in allocation patterns, i.e., in the stringency of the cap and in the spread between installations, until 2010. We focus on general sectoral allocation patterns and perform an in-depth analysis for three emission intensive sectors: "power and heat", "cement and lime" and "pulp and paper". Furthermore, we discuss the impact of the economic crisis on the emissions of these sectors in detail.

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Paper provided by WIFO in its series WIFO Working Papers with number 408.

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Length: 30 pages
Date of creation: 09 Nov 2011
Date of revision:
Handle: RePEc:wfo:wpaper:y:2011:i:408
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  1. Barry Anderson & Corrado Di Maria, 2011. "Abatement and Allocation in the Pilot Phase of the EU ETS," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 48(1), pages 83-103, January.
  2. Wilfried Rickels & Dennis Görlich & Sonja Peterson, 2015. "Explaining European Emission Allowance Price Dynamics: Evidence from Phase II," German Economic Review, Verein für Socialpolitik, vol. 16(2), pages 181-202, 05.
  3. Ellerman,A. Denny & Convery,Frank J. & de Perthuis,Christian With contributions by-Name:Delbosc,Anaïs, 2010. "Pricing Carbon," Cambridge Books, Cambridge University Press, number 9780521196475, November.
  4. Stefan P. Schleicher & Claudia Kettner & Angela Köppl & Gregor Thenius, 2007. "Stringency and Distribution in the EU Emissions Trading Scheme –The 2005 Evidence," Working Papers 2007.22, Fondazione Eni Enrico Mattei.
  5. Karan Capoor & Philippe Ambrosi, . "State and Trends of the Carbon Market 2008," World Bank Other Operational Studies 13405, The World Bank.
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