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The EU emissions trading scheme: allowance prices, trade flows, competitiveness effects

Gernot Klepper and Sonja Peterson ()

No 1195, Kiel Working Papers from Kiel Institute for the World Economy (IfW)

Abstract: The upcoming European Emissions Trading Scheme (ETS) is one of the more controversial climate policy instruments. Predictions about its likely impact and its performance can at present only be made to a certain degree. As long as the National Allocations Plans are not finally settled, the overall supply of allowances is not determined. In this paper we identify key features and key impacts of the EU ETS by scanning the range of likely allocation plans using the simulation model DART. The analysis of the simulation results highlights a number of interesting details in terms of allowance trade flows between member countries, of allowance prices, and of the role of the accession countries in the ETS.

Keywords: EU emissions trading scheme; Kyoto targets; computable general equilibrium model; DART (search for similar items in EconPapers)
JEL-codes: Q48 Q54 D58 F18 (search for similar items in EconPapers)
Date: 2004
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