TY - CHAP

T1 - The Environmental and Economic Effects of European Emissions Trading in Germany

AU - Kemfert, Claudia

AU - Kohlhaas, Michael

AU - Truong, Truong P.

AU - Protsenko, Artem

N1 - Conference code: 8

PY - 2005

Y1 - 2005

N2 - In 2005, the EU introduced an emissions trading system in order to pursue its Kyoto obligations. This instrument gives emitters the flexibility to undertake reduction measures in the most cost-efficient way and mobilizes market forces for the protection of the earth’s climate. In this paper, we analyse the effects of emissions trading in Europe, especially the value of the flexibility gained by trading compared to fixed quotas. The analysis will be undertaken with a modified version of the GTAP-E model using the latest GTAP data base.It is based on the national allocation plans as submitted to and in most cases approved by the EU.

AB - In 2005, the EU introduced an emissions trading system in order to pursue its Kyoto obligations. This instrument gives emitters the flexibility to undertake reduction measures in the most cost-efficient way and mobilizes market forces for the protection of the earth’s climate. In this paper, we analyse the effects of emissions trading in Europe, especially the value of the flexibility gained by trading compared to fixed quotas. The analysis will be undertaken with a modified version of the GTAP-E model using the latest GTAP data base.It is based on the national allocation plans as submitted to and in most cases approved by the EU.

KW - Economics

KW - Technological innovation

KW - climate change

KW - learning effects

M3 - Article in conference proceedings

T3 - GTAP Conference Paper

BT - Trade, Poverty, and the Environment

PB - Center for Global Trade Analysis - GTAP

CY - West Lafayette

T2 - 8th Annual Conference on Global Economic Analysis - 2005

Y2 - 9 July 2005 through 11 July 2005

ER -