On the CO2 emissions determinants during the EU ETS Phases I and II: a plant-level analysis merging the EUTL and Platts power data

Benoît Chèze, Julien Chevallier, Nicolas Berghmans and Emilie Alberola ()
Additional contact information
Nicolas Berghmans: IDDRI - Institut du Développement Durable et des Relations Internationales - Institut d'Études Politiques [IEP] - Paris
Emilie Alberola: EcoAct France

Working Papers from HAL

Abstract: This article studies ex-post the CO2 emissions determinants during 2005-2012 by resorting to an original database merging the European Union Transaction Log (EUTL) with the World Electric Power Plants (WEPP) database maintained by Platts. We estimate the main drivers of CO2 emissions for the 1,453 power plants included in the EU ETS using plant-level panel data. During phases I and II, there has been a debate about whether the economic crisis was ultimately the only factor behind the fall in CO2 emissions. We find that the EU ETS kept some degree of effectiveness but only during phase I (2005-07). During phase II (2008-12), its impact has been largely impeded by the deep economic recession in 2008-2009 which became the leading cause of the emissions reduction. We disentangle the analysis not only by periods but also for each type of power plants. We conclude that Commission's flagship climate policy could and should be enhanced by better coordination of overlapping climate policies.

Keywords: European carbon price; Plant-level analysis; Dynamic Panel data; EUTL; Platts (search for similar items in EconPapers)
Date: 2019-02
Note: View the original document on HAL open archive server: https://ifp.hal.science/hal-03190419v1
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ifp.hal.science/hal-03190419v1/document (application/pdf)

Related works:
Journal Article: On the CO2 Emissions Determinants During the EU ETS Phases I and II: A Plant-level Analysis Merging the EUTL and Platts Power Data (2020)
Working Paper: On the CO2 emissions determinants during the EU ETS Phases I and II: a plant-level analysis merging the EUTL and Platts power data (2020)
Working Paper: On the CO2 Emissions Determinants During the EU ETS Phases I and II: A Plant-level Analysis Merging the EUTL and Platts Power Data (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-03190419

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().