The Impact of the European Union Emissions Trading Scheme on Competitiveness in Europe
This literature review analyses the impacts of the EU ETS on competitiveness focussing on existing simulation studies. We have identified the choice of the reference scenario as the most critical issue for an appropriate analysis of the relevant literature. We find, however, that effects of the scheme on competitiveness are modest, even given the business as usual case that does not take the legally binding framework of the Kyoto Protocol into account. Furthermore, the impacts of the EU ETS are smaller than the impacts of alternative Kyoto-based regulation scenarios. Compared to these other regulation methods ETSs can have positive competitiveness effects. However, the EU ETS is not designed to boost Europe?s economy. Its prime purpose and justification is to ensure that Europe?s CO2 emissions are brought down and Kyoto targets are reached at minimal costs. To our opinion, it is therefore important that the system as well as modifications to it do not undermine the environmental goals associated with this policy instrument.
|Date of creation:||2006|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.zew.de/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Peter Cramton & Suzi Kerr, 2002.
"Tradeable Carbon Permit Auctions: How and Why to Auction Not Grandfather,"
Papers of Peter Cramton
02eptc, University of Maryland, Department of Economics - Peter Cramton, revised 06 May 2002.
- Cramton, Peter & Kerr, Suzi, 2002. "Tradeable carbon permit auctions: How and why to auction not grandfather," Energy Policy, Elsevier, vol. 30(4), pages 333-345, March.
- Kerr, Suzi & Cramton, Peter, 1998. "Tradable Carbon Permit Auctions: How and Why to Auction Not Grandfather," Discussion Papers dp-98-34, Resources For the Future.
- Rennings, Klaus & Hohmeyer, Olav, 1997. "Linking Weak and Strong Sustainability Indicators: The Case of Global Warming," ZEW Discussion Papers 97-11, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Hoel, Michael, 1991.
"Global environmental problems: The effects of unilateral actions taken by one country,"
Journal of Environmental Economics and Management,
Elsevier, vol. 20(1), pages 55-70, January.
- Hoel, M., 1989. "Global Environmental Problems: The Effects Of Unilateral Actions Taken By One Country," Memorandum 11/1989, Oslo University, Department of Economics.
- Gernot Klepper & Sonja Peterson, 2004.
"The EU Emissions Trading Scheme: Allowance Prices, Trade Flows, Competitiveness Effects,"
Kiel Working Papers
1195, Kiel Institute for the World Economy.
- Gernot Klepper & Sonja Peterson, 2004. "The EU Emissions Trading Scheme. Allowance Prices, Trade Flows, Competitiveness Effects," Working Papers 2004.49, Fondazione Eni Enrico Mattei.
- Claudia Kemfert & Michael Kohlhaas & Truong Truong & Artem Protsenko, 2006.
"The environmental and economic effects of European emissions trading,"
Taylor & Francis Journals, vol. 6(4), pages 441-455, July.
- Claudia Kemfert & Michael Kohlhaas & Truong P. Truong & Artem Protsenko, 2005. "The Environmental and Economic Effects of European Emissions Trading," Discussion Papers of DIW Berlin 533, DIW Berlin, German Institute for Economic Research.
- Beise, Marian & Rennings, Klaus, 2005. "Lead markets and regulation: a framework for analyzing the international diffusion of environmental innovations," Ecological Economics, Elsevier, vol. 52(1), pages 5-17, January.
When requesting a correction, please mention this item's handle: RePEc:zbw:zewdip:5445. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.