The unknown story of the European carbon market: an archaeology of the electrical sector

L’histoire méconnue du marché européen du carbone: archéologie du secteur électrique

Mélodie Cartel, Franck Aggeri () and Jean-Yves Caneill
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Mélodie Cartel: CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique
Franck Aggeri: CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique
Jean-Yves Caneill: EDF - EDF

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Abstract: In economic literature, the creation of the European carbon market is presented as a major institutional innovation that can be viewed as a direct application of economic theory. In this article, we propose another version of how the European carbon market came about that emphasizes the active role played by companies. For a period of three years, these companies designed and tested a prototype carbon market, while being observed by European experts. Drawing on archive documents, we analyze this experimentation process and examine in detail its influence on the European carbon market. We then discuss the role of companies in the processes of institutional innovation, a process that generally remains invisible. Finally it is explained how such experiments, conducted in protected spaces, can facilitate the design and testing of new concepts.

Keywords: Marché du carbone; Entreprise; Changement climatique; Innovation institutionnelle; bricolage institutionnel (search for similar items in EconPapers)
Date: 2017
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Published in Entreprises et Histoire, 2017, Entreprises et changement climatique, 86, pp.54-70. ⟨10.3917/eh.086.0054⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01609186

DOI: 10.3917/eh.086.0054

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