The EU Emissions Trading Scheme. Allowance Prices, Trade Flows, Competitiveness Effects

Gernot Klepper and Sonja Peterson ()
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Gernot Klepper: Kiel Institute for World Economics

No 2004.49, Working Papers from Fondazione Eni Enrico Mattei

Abstract: The upcoming European Emissions Trading Scheme (ETS) is one of the more controversial climate policy instruments. Predictions about its likely impact and its performance can at present only be made to a certain degree. As long as the National Allocations Plans are not finally settled the overall supply of allowances is not determined. In this paper we will identify key features and key impacts of the EU ETS by scanning the range of likely allocation plans using the simulation model DART. The analysis of the simulation results highlights a number of interesting details in terms of allowance trade flows between member countries, of allowance prices, and in terms of the role of the accession countries in the ETS.

Keywords: EU Emissions trading scheme; Kyoto targets; Computable general equilibrium model; DART (search for similar items in EconPapers)
JEL-codes: D58 F18 Q48 Q54 (search for similar items in EconPapers)
Date: 2004-03
New Economics Papers: this item is included in nep-eec, nep-env and nep-res
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (56)

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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2004.49

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