Arbeitspapier

Efficient abatement in separated carbon markets: A theoretical and quantitative analysis of the EU emissions trading scheme

The European Emissions Trading Scheme for CO2 established in 2005 is the world's largest emissions trading scheme. Since it covers only some sectors of the European economies it can nevertheless not ensure that the Kyoto targets are reached at minimal cost. This paper first analyzes the conditions for cost efficiency in the current separated carbon markets accounting also for the possibilities of purchasing international carbon credits from outside the EU. A computable general equilibrium model is then used to assess the cost efficiency of current EU climate strategies. Finally, based both on the theoretical as well as the quantitative analysis, recommendations are derived for a better allocation of the reduction burden between the sectors participating in emissions trading, those that do not participate and international carbon purchases.

Sprache
Englisch

Erschienen in
Series: Kiel Working Paper ; No. 1271

Klassifikation
Wirtschaft
Taxation and Subsidies: Efficiency; Optimal Taxation
Computable and Other Applied General Equilibrium Models
Allocative Efficiency; Cost-Benefit Analysis
Energy: Government Policy
Thema
Allocation
Efficiency
Separated markets
Emissions trading
Wirtschaftspolitische Wirkungsanalyse
Umweltschutzkosten
Allokation
Allgemeines Gleichgewicht
Theorie
EU-Staaten

Ereignis
Geistige Schöpfung
(wer)
Peterson, Sonja
Ereignis
Veröffentlichung
(wer)
Kiel Institute for the World Economy (IfW)
(wo)
Kiel
(wann)
2006

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Peterson, Sonja
  • Kiel Institute for the World Economy (IfW)

Entstanden

  • 2006

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