The long road from Ljubljana to Kyoto: Implementing emissions trading mechanism and CO2 tax

Tanja Markovic-Hribernik and Aleksandra Murks
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Tanja Markovic-Hribernik: Faculty Of Economics And Busines, Maribor
Aleksandra Murks: Talum d.d., Kidricevo

Financial Theory and Practice, 2006, vol. 30, issue 1, 29-65

Abstract: According to the Kyoto Protocol, Slovenia is required to reduce GHG emissions to an average of 8% below base year 1986 emissions in the period 2008-2012. Slovenia established different measures for reducing GHG emissions long before its ratification. It was first transition country who implemented CO2 tax in the 1997. Several changes in CO2 tax have not brought the desired results. CO2 emissions have actually increased. At the beginning of 2005, Slovenia joined other EU member states by implementing the emissions trading instrument, defined by new EU Directive. At the same time, Slovenia has adopted a new CO2 tax system, which is compatible with the new circumstances. The main purpose of this paper is to present the characteristics of Slovenian approach to national allocation plan for emissions trading and analyze the problems of the CO2 tax in Slovenia. Paper also describes the compliance cost of achieving the Kyoto target and expected movements on the Slovenian allowances market.

Keywords: CO2 tax; Kyoto Protocol; emissions trading; national allocation plan; emissions allowances (search for similar items in EconPapers)
JEL-codes: G32 (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ipf:finteo:v:30:y:2006:i:1:p:29-65

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