Abatement and Allocation in the Pilot Phase of the EU ETS
| dc.creator | Anderson, Barry | |
| dc.creator | Di Maria, Corrado | |
| dc.creator | Convery, Frank J. | |
| dc.date | 2017-04-01T14:03:20Z | |
| dc.date.accessioned | 2026-07-09T04:59:32Z | |
| dc.description | 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. | |
| dc.identifier | doi:10.22004/ag.econ.55831 | |
| dc.identifier | https://ageconsearch.umn.edu/record/55831/files/110-09.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/55831 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/557575 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/55831 | |
| dc.title | Abatement and Allocation in the Pilot Phase of the EU ETS | |
| dc.type | Text |