Fragen der künftigen Entwicklung des europäischen Handelssystems für Emissionsrechte

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Summary: The paper gives a brief overview of probable further developments of the EU-ETS. At first, we discuss scenarios for the auspices of the Post-Kyoto-Regime providing a general framework of the EU-ETS in the period after 2012. We find that Europe is likely to still have an ambitious CO 2 -regime after 2012, provided that the global post-2012 process does not cease to exist and that there will be no "face-saving" regulation. CDM will become increasingly important. Auctioning of emission allowances is likely to be introduced after 2012. The fuel independent benchmark is likely to become subject of public discussion again. Public discussion on carbon market intervention by the government will continue, although one should be sceptical with respect to its results. In general, one must not ignore the fact that deficiencies in carbon market performance which could be observed during the first year after its installation in the beginning of 2005 were mostly due to mistakes in market design and to a lack of experience of market participants in using the instrument. JEL Classification: D44, Q58, H87, L51, Q28 Terms of use: Documents in

Telling stories or solving problems? The 20-20-20 package and the efficiency of EU Climate Change Policies

“…If both mentioned policies are applied simultaneously, the results may lead to a partial failure of emission reductions for the specific cap quantity if a part of the production is substituting carbon emissions while emitted pollution is increasing someplace else, e.g. Hogrefe et al (2007). The issue of resetting the cap on carbon emissions arises sharply in the aftermath of a faster increase in new RES capacities that far exceeded policy makers' estimated scenarios.…”