Emissions trading, CDM, JI, and more : the climate strategy of the EU
The objective of this paper is to assess the likely allocation effects of the current climate protection strategy as it is laid out in the National Allocation Plans (NAPs) for the European Emissions Trading Scheme (ETS). The multi-regional, multi-sectoral CGE-model DART is used to simulate the effects of the current policies in the year 2012 when the Kyoto targets need to be met. Different scenarios are simulated in order to highlight the effects of the grandfathering of permits to energy-intensive installations, the use of the project-based mechanisms (CDM and JI), and the restriction imposed by the supplementarity criterion.
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- Gernot Klepper & Sonja Peterson, 2005.
"Trading Hot-Air. The Influence of Permit Allocation Rules, Market Power and the US Withdrawal from the Kyoto Protocol,"
Environmental & Resource Economics,
European Association of Environmental and Resource Economists, vol. 32(2), pages 205-228, October.
- Gernot Klepper & Sonja Peterson, 2002. "Trading Hot Air The Influence of Permit Allocation Rules, Market Power and the US Withdrawal from the Kyoto Protocol," Kiel Working Papers 1133, Kiel Institute for the World Economy.
- Klepper, Gernot & Peterson, Sonja, 2005. "Trading hot-air : the influence of permit allocation rules, market power and the US withdrawal from the Kyoto Protocol," Open Access Publications from Kiel Institute for the World Economy 3718, Kiel Institute for the World Economy (IfW).
- repec:wbk:wboper:13411 is not listed on IDEAS
- Franck Lecocq & Karan Capoor, . "State and Trends of the Carbon Market 2005," World Bank Other Operational Studies 13410, The World Bank.
- Franck Lecocq, 2005. "State and Trends of the Carbon Market—2004," World Bank Publications, The World Bank, number 7457.
- Klepper, Gernot & Peterson, Sonja, 2004. "The EU emissions trading scheme allowance prices, trade flows and competitiveness effects," Open Access Publications from Kiel Institute for the World Economy 3270, Kiel Institute for the World Economy (IfW).
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