| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Changing the Allocation Rules in the EU ETS: Impact on Competitiveness and Economic Efficiency | |
| Philippe Quirion; Damien Demailly | |
| 发表日期 | 2008 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We assess five proposals for the future of the EU greenhouse gas Emission Trading Scheme (ETS): pure grandfathering allocation of emission allowances (GF), output-based allocation (OB), auctioning (AU), auctioning with border adjustments (AU-BA), and finally output-based allocation in sectors exposed to international competition combined with auctioning in electricity generation (OB-AU). We look at the impact on production, trade, CO2 leakage and welfare. We use a partial equilibrium model of the EU 27 featuring three sectors covered by the EU ETS - cement, steel and electricity - plus the aluminium sector, which is indirectly impacted through a rise in electricity price. The leakage ratio, i.e. the increase in emissions abroad over the decrease in EU emissions, ranges from around 8% under GF and AU to -2% under AU-BA and varies greatly among sectors. Concerning the overall economic cost, OB appears to be the least efficient policy, even when taking into account its ability to prevent CO2 leakage. On the other hand, this policy minimises production losses and wealth transfers among stakeholders, which is likely to soften oppositions. GF and AU are the most efficient policies from an EU perspective, even when leakage is accounted for. From a world welfare perspective and whatever the emission reduction, AU-BA is the least costly policy, while OB-AU, AU and GF entail similar costs. |
| 特色分类 | Q5 |
| 关键词 | Emission Trading,Allowance Allocation,Leakage,Spillover,Climate Policy,Kyoto Protocol,Border Adjustment |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/changing-the-allocation-rules-in-the-eu-ets-impact-on-competitiveness-and-economic-efficiency/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117613 |
| 推荐引用方式 GB/T 7714 | Philippe Quirion,Damien Demailly. Changing the Allocation Rules in the EU ETS: Impact on Competitiveness and Economic Efficiency. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2008-089.pdf（246KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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