| National Allocation Plans in the EU Emissions Trading Scheme: Lessons and Implications for Phase II Contributor(s): Grubb, Michael (Author), Betz, Regina (Author), Neuhoff, Karsten (Author) |
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ISBN: 1844074722 ISBN-13: 9781844074723 Publisher: Routledge OUR PRICE: $109.25 Product Type: Hardcover - Other Formats Published: May 2007 Annotation: This volume examines issues surrounding the allocation of allowances in the EU emissions trading scheme and the implications for Phase II of this hugely important program. This special issue of Climate Policy covers the crucial issues concerning allocation, including assessments of the allocation plans proposed by EU member states and the competitive distortions allocation can create for the power and heat sector. The research ranges from detailed country-by-country comparisons to a more generic analysis which puts forward the case for harmonization. Empirical papers, looking at the expected scarcity of allowances in the market, and merging models for the power and non-power sector to project emissions of the covered sector and contrast these to the aggregate allocation volume, are complemented with two numerical simulations of trade and distributional effects, estimating the efficiency gains of the EU ETS in Phase I and assessing allocation and distributional effects in the RGGI context. Finally, an editorial summarizes the findings of these papers and examines how they have informed policy makers in the context of the larger debate. |
| Additional Information |
| BISAC Categories: - Political Science | Public Policy - Environmental Policy - Political Science | International Relations - General - Business & Economics | Industries - Energy |
| Dewey: 363.7 |
| Series: Climate Policy |
| Physical Information: 158 pages |
| Themes: - Cultural Region - Eastern Europe - Cultural Region - Central Europe - Cultural Region - Western Europe |
| Descriptions, Reviews, Etc. |
| Publisher Description: The EU emissions trading scheme is the largest emissions control scheme in the world, capping almost half of European CO2 emissions. As the scheme emerges from its pilot phase, this special issue of Climate Policy journal analyses the lessons learned from the last two years and their implications for phase II. The volume presents some of the key analyses that helped inform the European Commission's decisions on national allocation plans, with research ranging from detailed country-by-country comparisons to more generic analysis that puts forward the case for harmonization. Challenging calls to seperate electricity from other sectors, a macroeconomic study suggests that the biggest efficiency gains come from inter-sectoral trading, even more than international trading. Empirical papers, which look at the expected scarcity of allowances in the market and merge models for the power and non-power sectors to project emissions and contrast these to the aggregate allocation volume, are complemented by two numerical simulations of trade and distributional effects, estimating the efficiency gains of the EU ETS in phase I and assessing allocation and distribution effects in the RGGI context. |