Premières simulations de la directive européenne sur les quotas d'émission avec le modèle GEMINI-E3

Alain Bernard, Marc Vielle and Laurent Viguier

Economie & Prévision, 2005, vol. n° 169-170-171, issue 3, 171-196

Abstract: The article assesses the European Directive on CO2 emission quotas using the GEMINI-E3 model. After summarizing the Directive and briefly describing the model, we present and analyze scenarios for different potential allocation rules. While the European quota mechanism creates a single market for eligible firms, it can also cause distortions vis-à-vis other economic sectors in each country. The arrangement does yield a single carbon price for all eligible firms, but a different carbon price for other sectors?with variations from country to country. The resulting excess costs can be significant.

Keywords: Kyoto Protocol; tradable emission permits; computable general equilibrium model; European Union policy; international agreements (search for similar items in EconPapers)
Date: 2005
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Related works:
Journal Article: Premières simulations de la directive européenne sur les quotas d'émission avec le modèle GEMINI-E3 (2005)
Working Paper: Premières simulations de la directive européenne sur les quotas d’émission avec le modèle GEMINI-E3 (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:cai:ecoldc:ecop_169_0171

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