Der steinige Weg von der Theorie in die Praxis des Emissionshandels: Die EU‐Richtlinie zum CO2‐Emissionshandel und ihre nationale Umsetzung

Patrick Graichen and Till Requate ()

Perspektiven der Wirtschaftspolitik, 2005, vol. 6, issue 1, 41-56

Abstract: Abstract: In July 2003 the European Parliament and the Council have started a new era of environmental regulation by establishing a nationwide open emission trading system for the European Union. In this article we firstly critically discuss the institutional rules set by the EU‐directive. Secondly, we analyse consequences for the national allocation plans. Furthermore, we discuss the allocation rules for emission permits, which are currently under consideration for Germany. In particular we focus on output‐based versus emission‐based allocation rules and on treatments of new entrants and firm exits. We argue that free permits should only be allocated due to either historic output or historic emissions. We further argue that new entrants should not get any free permits and that firms which leave the market should not lose their permits assigned for future periods. Finally we discuss interaction of emission trading and related instruments such as eco‐taxes, and subsidies for renewable energy.

Date: 2005
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