Abatement and allocation in the pilot phase of the EU ETS

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dc.contributor.author Anderson, Barry
dc.contributor.author Di Maria, Corrado
dc.contributor.author Convery, Frank J.
dc.date.accessioned 2010-06-11T15:37:45Z
dc.date.available 2010-06-11T15:37:45Z
dc.date.copyright 2009, The Irish Economic Association en
dc.date.issued 2009-04
dc.identifier.uri http://hdl.handle.net/10197/2075
dc.description Twenty-third Annual Conference of the Irish Economic Association, Blarney, Co. Cork, 24-26 April 2009 en
dc.description.abstract We use historical industrial emissions data to assess the level of abatement and overallocation that took place across European countries during the pilot phase (2005-2007) of the European Union Emission Trading Scheme. Using a dynamic panel data model, we estimate the counterfactual (business-as-usual) emissions scenario for EU member states. Comparing this baseline to allocated and verified emissions, we conclude that both overallocation and abatement occurred, along with under-allocation and emissions inflation. Over the three trading years of the pilot phase we find over-allocation of approximately 376 million EUAs (6%) and total abatement at the member state level of 107 Mt CO2 (1.8%). However, due to over-allocation and possible uncertainty about future allocation methodologies, we calculate that emissions inflation of approximately 119 Mt CO2 (2%) occurred, resulting in emissions over the pilot phase being approximately 12 Mt CO2 (0.2%) higher than they would have been in the absence of the EU ETS. en
dc.description.sponsorship Other funder en
dc.format.extent 4304 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher Irish Economic Association en
dc.subject Emissions trading scheme en
dc.subject Climate policy en
dc.subject Dynamic panel data analysis en
dc.subject.classification C23 en
dc.subject.classification O13 en
dc.subject.classification Q54 en
dc.subject.classification Q58 en
dc.subject.lcsh Emissions trading--Europe en
dc.subject.lcsh Environmental policy--Europe en
dc.subject.lcsh Greenhouse gas mitigation--Europe en
dc.title Abatement and allocation in the pilot phase of the EU ETS en
dc.type Conference Publication en
dc.internal.availability Full text available en
dc.internal.webversions http://www.iea.ie/conferences/2009/AndersonDiMariaConverypaper.pdf en
dc.status Not peer reviewed en
dc.neeo.contributor Anderson|Barry|aut| en
dc.neeo.contributor Di Maria|Corrado|aut|UCD0030 en
dc.neeo.contributor Convery|Frank J.|aut|UCD0031 en
dc.description.othersponsorship Environmental Protection Agency en

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