The Environmental and Economic Effects of European Emissions Trading in Germany
Research output: Contributions to collected editions/works › Article in conference proceedings › Research
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Trade, Poverty, and the Environment: 8th Annual Conference on Global Economic Analysis . West Lafayette: Center for Global Trade Analysis - GTAP, 2005. (GTAP Conference Paper).
Research output: Contributions to collected editions/works › Article in conference proceedings › Research
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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 -