Emissions Trading, CDM, JI, and More – The Climate Strategy of the EU

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

No 2005.55, Working Papers from Fondazione Eni Enrico Mattei

Abstract: The objective of this paper is to assess the likely allocation effects of the current cli-mate protection strategy as it is laid out in the National Allocation Plans (NAPs) for the European Emissions Trading Scheme (ETS). The multi-regional, multi-sectoral CGE-model DART is used to simulate the effects of the current policies in the year 2012 when the Kyoto targets need to be met. Different scenarios are simulated in order to highlight the effects of the grandfathering of permits to energy-intensive installations, the use of the project-based mechanisms (CDM and JI), and the restriction imposed by the supplementarity criterion.

Keywords: Kyoto targets; EU; EU emissions trading scheme; National allocation plans; CDM and JI; Computable general equilibrium model; DART (search for similar items in EconPapers)
JEL-codes: D58 F18 Q48 Q54 (search for similar items in EconPapers)
Date: 2005-04
New Economics Papers: this item is included in nep-cmp, nep-eec, nep-ene, nep-env and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Journal Article: Emissions Trading, CDM, JI, and More: The Climate Strategy of the EU (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2005.55

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