Policy options to improve the effectiveness of the EU emissions trading system: A multi-criteria analysis

Clò, Stefano; Battles, Susan; Zoppoli, Pietro

doi:10.1016/j.enpol.2013.02.015

Cited by 42 publications

(21 citation statements)

References 20 publications

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“…6 See Schleich et al (2006) for an analysis of the implications of the EU decision to ban banking in Phase I and of the related efficiency losses based on simulation results. See also Clò et al (2013) for a discussion of the impact of the EUA price drop on the effectiveness of the trading scheme and on the risk of carbon lock-in that the carbon price fall can generate. 7 Koch et al (2014) investigate the drivers of the variations of the EUA price in Phase II and find that economic recession is a robust explanatory variable for the observed price fall, while renewable policies and the use of international credits (that are also often invoked as carbon price drivers) have had a moderate impact on the EU ETS carbon price.…”

Section: The Eu Ets: Features and Problemsmentioning

confidence: 99%

The Best (and Worst) of GHG Emission Trading Systems: Comparing the EU ETS with Its Followers

Borghesi

Montini

2016

Front. Energy Res.

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The European Emission Trading System (EU ETS) is generally considered as the prototype system for the other Emission Trading Systems (ETSs) for the reduction of greenhouse gases (GHGs) that are rapidly spreading around the world. To get a deeper understanding on the actual capacity of the EU ETS to stand as a model for the other ETSs, the present paper discusses the differences and similarities of the EU ETS with respect to the other main ETSs and the emerging trends that these systems seem to share, comparing the different cap-and-trade regimes in order to identify the best practices and the desirable features that future ETSs should have. As emerges from the comparative analysis performed in this article, although the followers share some common flaws with the EU ETS, they have also shown the capacity to innovate and possibly devise alternative ways to manage their own ETS regimes, which may in the long term jeopardize the EU leadership in the ETSs context.

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Section: The Eu Ets: Features and Problemsmentioning

confidence: 99%

The Best (and Worst) of GHG Emission Trading Systems: Comparing the EU ETS with Its Followers

Borghesi

Montini

2016

Front. Energy Res.

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“…According to Clò et al [73], a conventional ETS provides GHG reduction throughout the limit/cap method, leading to a "good" grade with score 7. Due to the reputation system, the level could be improved to "more than good less than very good" with an average score of 8.15.…”

Section: Assessment Of Environmental Performancementioning

confidence: 99%

“…The study inherits the evaluation of the grades for the conventional ETS considering its status in different nations and incorporating various uncertainties [9,72,73]. Overall, the existing ETS systems are scored 6.69, considering their strengths and drawbacks.…”

Section: Assessment Gradementioning

confidence: 99%

“…A multi-criteria evaluation method was proposed by Konidari and Mavrakis [72], which has been commonly used to evaluate of climate policies (among others, [9,73,74]). Such analysis compares the policy options against a plurality of environmental, economic and procedural criteria to identify options that would not only be feasible but also effective in overcoming present shortcomings and avoiding them in the future.…”

Section: Multi-criteria Evaluationmentioning

confidence: 99%

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Blockchain Enhanced Emission Trading Framework in Fashion Apparel Manufacturing Industry

2018

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Motivated by the recent blockchain technology originally built for bitcoin transactions, various industries are exploring the opportunities to redefine their existing operational systems. In this study, an innovative environmentally sustainable solution is proposed for the fashion apparel manufacturing industry (FAMI), which is energized by blockchain. Incorporating the Emission Trading Scheme (ETS), and a novel "emission link" system, the proposed framework exposes carbon emission to the public and establishes a feature to reduce the emissions for all key steps of clothing making. Fully compatible with Industry 4.0, blockchain provides decentralization, transparency, automation, and immutability characteristics to the proposed framework. Specifically, the blockchain supported ETS framework, the carbon emissions of clothing manufacturing life cycle, and the emission link powered procedures are introduced in detail. A case study is provided to demonstrate the carbon emission evaluation procedure. Finally, a multi-criteria evaluation is performed to demonstrate the benefits and drawbacks of the proposed system.

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“…For instance, Clò et al (2013) critiqued the Emission Trading System; Balana et al (2011), Kampagrou et al (2011), and Bourblanc et al (2013) critiqued the Water Framework Directive; Hiedampää & Bromley (2011) critiqued the biodiversity policies; Tol (2012) critiqued the energy policies; and Zagonari (2013) critiqued the Flood Directive. Moreover, many single characteristics of EU environmental policy have been criticized.…”

Section: Introductionmentioning

confidence: 99%

Coherence, Efficiency, and Independence of the EU Environmental Policy System: Results of Complementary Statistical and Econometric Analyses

Zagonari

2015

SSRN Journal

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This paper presents the first empirical test of coherence (i.e., consistency of policies within a framework), efficiency (i.e., ability of policies to meet their objectives), and independence (i.e., logical priority of objectives over policies) of the overall EU environmental policy system. To do so, I applied statistical (cross-sectional and time series) and econometric (dynamic tri-probit) analyses to an original panel dataset, based on addressed issues rather than on implemented policies. In contrast with previous studies of single EU environmental policies, characteristics of the EU environmental policy, or EU environmental objectives, I found that the overall EU environmental policy system is coherent, efficient, and independent. Moreover, the evidence suggests that many issues are correlated: trans-boundary issues became more relevant in 2012, pollution production was more significant than resource use, and flow issues were more important than stock issues from 1995 to 2010. Finally, I show that few objectives overlapped: a "safe environment" objective (1987 to 1997) was preferred to a "greenhouse gas (GHG) reduction" objective (2003 to 2012, but pursued with a 2-year lag), although the latter has recently become preferred to the former. In addition, a "GHG reduction" objective was preferred to "a sustainable development" objective (1998 to 2002).

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Policy options to improve the effectiveness of the EU emissions trading system: A multi-criteria analysis

Cited by 42 publications

References 20 publications

The Best (and Worst) of GHG Emission Trading Systems: Comparing the EU ETS with Its Followers

The Best (and Worst) of GHG Emission Trading Systems: Comparing the EU ETS with Its Followers

Blockchain Enhanced Emission Trading Framework in Fashion Apparel Manufacturing Industry

Coherence, Efficiency, and Independence of the EU Environmental Policy System: Results of Complementary Statistical and Econometric Analyses

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