Over-Allocation or Abatement? A Preliminary Analysis of the EU Emissions Trading Scheme Based on the 2005 Emissions Data
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).
| Main Authors: | , |
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| Format: | Technical Report |
| Language: | English |
| Published: |
MIT Joint Program on the Science and Policy of Global Change
2007
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| Online Access: | http://mit.edu/globalchange/www/abstracts.html#a141 http://hdl.handle.net/1721.1/35837 |
| _version_ | 1826214651318239232 |
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| author | Ellerman, A. Denny. Buchner, Barbara. |
| author_facet | Ellerman, A. Denny. Buchner, Barbara. |
| author_sort | Ellerman, A. Denny. |
| collection | MIT |
| description | Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/). |
| first_indexed | 2024-09-23T16:09:12Z |
| format | Technical Report |
| id | mit-1721.1/35837 |
| institution | Massachusetts Institute of Technology |
| language | English |
| last_indexed | 2024-09-23T16:09:12Z |
| publishDate | 2007 |
| publisher | MIT Joint Program on the Science and Policy of Global Change |
| record_format | dspace |
| spelling | mit-1721.1/358372019-04-10T09:58:52Z Over-Allocation or Abatement? A Preliminary Analysis of the EU Emissions Trading Scheme Based on the 2005 Emissions Data Ellerman, A. Denny. Buchner, Barbara. Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/). This paper provides an initial analysis of the European Union Emissions Trading Scheme (EU ETS) based on the installation-level data for verified emissions and allowance allocations in the first trading year. Those data, released on May 15, 2006, and subsequent updates revealed that CO2 emissions were about 4% lower than the allocated allowances. The main objective of the paper is to shed light on the extent to which over-allocation and abatement have taken place in 2005. We propose a measure by which over-allocation can be judged and provide estimates of abatement based on emissions data and indicators of economic activity as well as trends in energy and carbon intensity. Finally, we discuss the insights and implications that emerge from this tentative assessment. This study received partial support from the MIT Joint Program on the Science and Policy of Global Change, which is supported by a consortium of government, industry and foundation sponsors. 2007-02-01T22:33:10Z 2007-02-01T22:33:10Z 2006-12 Technical Report http://mit.edu/globalchange/www/abstracts.html#a141 http://hdl.handle.net/1721.1/35837 Report no. 141 en Report No. 141 535526 bytes application/pdf application/pdf MIT Joint Program on the Science and Policy of Global Change |
| spellingShingle | Ellerman, A. Denny. Buchner, Barbara. Over-Allocation or Abatement? A Preliminary Analysis of the EU Emissions Trading Scheme Based on the 2005 Emissions Data |
| title | Over-Allocation or Abatement? A Preliminary Analysis of the EU Emissions Trading Scheme Based on the 2005 Emissions Data |
| title_full | Over-Allocation or Abatement? A Preliminary Analysis of the EU Emissions Trading Scheme Based on the 2005 Emissions Data |
| title_fullStr | Over-Allocation or Abatement? A Preliminary Analysis of the EU Emissions Trading Scheme Based on the 2005 Emissions Data |
| title_full_unstemmed | Over-Allocation or Abatement? A Preliminary Analysis of the EU Emissions Trading Scheme Based on the 2005 Emissions Data |
| title_short | Over-Allocation or Abatement? A Preliminary Analysis of the EU Emissions Trading Scheme Based on the 2005 Emissions Data |
| title_sort | over allocation or abatement a preliminary analysis of the eu emissions trading scheme based on the 2005 emissions data |
| url | http://mit.edu/globalchange/www/abstracts.html#a141 http://hdl.handle.net/1721.1/35837 |
| work_keys_str_mv | AT ellermanadenny overallocationorabatementapreliminaryanalysisoftheeuemissionstradingschemebasedonthe2005emissionsdata AT buchnerbarbara overallocationorabatementapreliminaryanalysisoftheeuemissionstradingschemebasedonthe2005emissionsdata |