Journal ArticleDOI
Allowance allocation in the European emissions trading system: a commentary
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In this paper, the total allocations under the EU ETS first phase and compare these against historical emissions, projections, and national Kyoto targets, and conclude that most Phase 1 allocations are excessive on all these measures, particularly the last.About:
This article is published in Climate Policy.The article was published on 2005-01-01. It has received 83 citations till now. The article focuses on the topics: Clean Development Mechanism & Emissions trading.read more
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Environmental Policy and Directed Technological Change: Evidence from the European carbon market
TL;DR: In this paper, the authors investigated the impact of the European Union Emissions Trading System (EU ETS) on technological change, exploiting installations-level inclusion criteria to estimate the System's causal impact on firms' patenting.
Journal ArticleDOI
Allocation and competitiveness in the EU emissions trading scheme: policy overview
Michael Grubb,Karsten Neuhoff +1 more
TL;DR: The European emissions trading scheme (EU ETS) has an efficient and effective market design that risks being undermined by three interrelated problems: the approach to allocation, the absence of a credible commitment to post-2012 continuation, and concerns about its impact on the international competitiveness of key sectors as discussed by the authors.
Journal ArticleDOI
Subprime catalyst: Financial regulatory reform and the strengthening of US carbon market governance
TL;DR: The 2008 financial crisis has had an important, but neglected, impact on carbon market governance in the United States as discussed by the authors, and it acted as a catalyst for the emergence of a domestic coalition that drew upon the crisis experience to demand stronger regulation over carbon markets.
Journal ArticleDOI
The Brave New World of Carbon Trading
TL;DR: In this paper, the authors show how the reality of permit market operation is far removed from the assumptions of economic theory and the promise of saving resources by efficiently allocating emission reductions.
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The Brave New World of Carbon Trading
TL;DR: In this article, the authors show how the reality of permit market operation is far removed from the assumptions of economic theory and the promise of saving resources by efficiently allocating emission reductions, and conclude that the focus on such markets is creating a distraction from the need for changing human behaviour, institutions and infrastructure.
References
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The Cost-Effectiveness of Alternative Instruments for Environmental Protection in a Second-Best Setting
TL;DR: In this paper, the authors compare the costs and overall efficiency impacts of emissions taxes, emissions quotas, fuels taxes, performance standards, and mandated technologies, and explore how costs change with the magnitude of pre-existing taxes and the extent of pollution abatement.
Journal ArticleDOI
The Cost-Effectiveness of Alternative Instruments for Environmental Protection in a Second-Best Setting
TL;DR: In this article, the significance of pre-existing factor taxes for the costs of pollution reduction under a wide range of environmental policy instruments is examined, and the authors employ analytical and numerical general equilibrium models to examine the significance.
Posted ContentDOI
Impact of the allowance allocation on prices and efficiency
TL;DR: In this article, the authors use analytic models and numeric simulations for the UK power sector to illustrate and quantify how these effects contribute to an inflation of the allowance price while reducing utilisation and investment in efficient technologies.
Related Papers (5)
Allocation and competitiveness in the EU emissions trading scheme: policy overview
Michael Grubb,Karsten Neuhoff +1 more