EconPapers    
Economics at your fingertips  
 

The EU ETS: CO2 prices drivers during the learning experience (2005-2007)

Emilie Alberola, Julien Chevallier and Benoît Chèze ()
Additional contact information
Emilie Alberola: Mission Climat Caisse des Dépôts - UP1 - Université Panthéon-Sorbonne

Working Papers from HAL

Abstract: This chapter identifies the main price drivers of European Union Allowances (EUAs), valid for compliance under the European Union Emissions Trading Scheme (EU ETS) created in 2005 to regulate CO2 emissions of more than 10,000 high carbon-intensive installations across Member States. Based on key design features of the EU ETS, this chapter develops carbon pricing strategies based on allowances supply and demand, institutional decisions, and the influence of other energy markets and weather conditions. Finally, we discuss the likely effects on economic growth on CO2 emissions and carbon prices as a by product. The discussions developed in this chapter focus on Phase I (2005-2007) of the EU ETS, which may described as the "pilot" period for the future development of this environmental market scheme.

Keywords: EU ETS; Cap-and-Trade Program; Climate Change Policy; CO2 Price; Energy Markets; Weather Influences; Institutional Influences; Energy Policy (search for similar items in EconPapers)
Date: 2009-05-30
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00389916
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://halshs.archives-ouvertes.fr/halshs-00389916/document (application/pdf)

Related works:
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:halshs-00389916

Access Statistics for this paper

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

 
Page updated 2019-12-03
Handle: RePEc:hal:wpaper:halshs-00389916