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

Natacha Raffin and Katheline Schubert

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

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 (search for similar items in EconPapers)
JEL-codes: Q28 Q53 Q58 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2007-07
New Economics Papers: this item is included in nep-ene and nep-env
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https://shs.hal.science/halshs-00175090 (application/pdf)

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:mse:cesdoc:v07040

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