Concilier compétitivité industrielle et politique climatique. Faut-il distribuer les quotas de CO2 en fonction de la production ou bien les ajuster aux frontières ?

Damien Demailly and Philippe Quirion

Revue économique, 2008, vol. 59, issue 3, 497-504

Abstract: We compare four proposals for the European Union greenhouse gas Emission Trading Scheme (ets): auctioning of allowances, distribution of allowances proportional to current output, auctioning with border adjustment, and a hybrid distribution with auctioning for power production and output-based allocation in the other sectors. We develop a partial equilibrium model of the eu 27 featuring three sectors covered by the ets: cement, steel and electricity, as well as aluminium, indirectly impacted through the electricity price. The co 2 leakage rate ranges from 8% under auctioning to ? 2% with the border adjustment, and varies a lot across sectors. The aggregate economic cost is the highest with output-based allocation and the lowest with the border adjustment. Classification JEL : Q52, Q54, Q56

JEL-codes: Q52 Q54 Q56 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (17)

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