International Emissions Trading Scheme and European Emissions Trading Scheme: what linkages ?

Natacha Raffin and Katheline Schubert

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Abstract: Simultaneity between commitment periods (2008-2012) of both International and European Emissions Trading schemes may generate distortions in terms of burden distribution among sectors. There will be two levels of trading (a country and an entity level), which both need to be consistent with one another, despite of their different designs. To reach international targets, European governments will adopt an additional policy. It consists in implementing a tax on emissions of non-covered sectors. The tax rates depend on the effort realized within the European market. We propose a modeling of this two-level environmental policy, focusing on the levels of tax rates in each case of linkage. We obtain empirical estimations of the efforts that could be demanded to non-covered sectors and of the price(s) of carbon.

Keywords: Kyoto Protocol; EU-ETS; co-existence of domestic and international emissions trading systems; carbon price; environmental policy; Protocole de Kyoto; coexistence de marchés de permis échangeables domestique et international; prix du carbone et politique environnementale. (search for similar items in EconPapers)
Date: 2007-07
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00175090v1
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Published in 2007

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Related works:
Working Paper: International Emissions Trading Scheme and European Emissions TradingScheme: what linkages? (2008)
Working Paper: International Emissions Trading Scheme and European Emissions TradingScheme: what linkages? (2008)
Working Paper: International Emissions Trading Scheme and European Emissions Trading Scheme: what linkages ? (2007)
Working Paper: International Emissions Trading Scheme and European Emissions Trading Scheme: What Linkages? (2007)
Working Paper: International Emissions Trading Scheme and European Emissions Trading Scheme: What Linkages? (2007)
Working Paper: International Emissions Trading Scheme and European Emissions Trading Scheme: what linkages? (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00175090

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