Kyoto commitment and emission trading: A European Union perspective

Arbeitspapier

This paper presents an estimation of the cost of reducing CO2 emissions as agreed in Kyoto by Annex I countries. Unlike most of the existing literature, this paper focuses on European Union countries' abatement costs and, using a simple model, estimates the role of each EU country within a EU market as well as an Annex 1 market. As a major result, marginal (and total) abatement costs for each EU country (as well as the EU total cost) are presented. Some conclusions on the redistribution of income among market participants related to the trading system are also shown.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Nota di Lavoro ; No. 7.2001

Classification and Topics

• Classification: Wirtschaft ; Estimation: General ; Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions ; Forecasting Models; Simulation Methods ; Nonrenewable Resources and Conservation: Government Policy ; Energy: Demand and Supply; Prices ; Energy: Government Policy
• Subject: Environmental policy ; Kyoto protocol ; international agreements ; CO2 emission ; emission trading ; marginal abatement cost ; Umweltabkommen ; Emissionshandel ; Umweltkosten ; EU-Staaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ciorba, Umberto ; Lanza, Alessandro ; Pauli, Francesco
• Event: Veröffentlichung
• (who): Fondazione Eni Enrico Mattei (FEEM)
• (where): Milano
• (when): 2001

Further information

• Handle: http://hdl.handle.net/10419/155170
• Last update: 10.03.2025, 11:46 AM CET