Economic impact of the European Union Emission Trading Scheme : evidence from the refining sector
Thesis (S.M. in Technology and Policy)--Massachusetts Institute of Technology, Engineering Systems Division, Technology and Policy Program, 2008.
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2008
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| Online Access: | http://hdl.handle.net/1721.1/42936 |
| _version_ | 1826201067826708480 |
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| author | Lacombe, Romain H |
| author2 | A. Denny Ellerman. |
| author_facet | A. Denny Ellerman. Lacombe, Romain H |
| author_sort | Lacombe, Romain H |
| collection | MIT |
| description | Thesis (S.M. in Technology and Policy)--Massachusetts Institute of Technology, Engineering Systems Division, Technology and Policy Program, 2008. |
| first_indexed | 2024-09-23T11:45:46Z |
| format | Thesis |
| id | mit-1721.1/42936 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T11:45:46Z |
| publishDate | 2008 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/429362022-01-31T21:35:10Z Economic impact of the European Union Emission Trading Scheme : evidence from the refining sector Economic impact of the EU ETS : evidence from the refining sector Lacombe, Romain H A. Denny Ellerman. Massachusetts Institute of Technology. Technology and Policy Program. Massachusetts Institute of Technology. Engineering Systems Division. Massachusetts Institute of Technology. Engineering Systems Division Technology and Policy Program Technology and Policy Program. Engineering Systems Division. Thesis (S.M. in Technology and Policy)--Massachusetts Institute of Technology, Engineering Systems Division, Technology and Policy Program, 2008. This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. Includes bibliographical references (p. 175-182). I study the economic impact of the European Union Emission Trading Scheme (EU ETS) on the refining industry in Europe. I contrast previous ex-ante studies with the lessons from a series of interviews I conducted with industrials, and the public data available on the first phase of the scheme, effective from January 1st, 2005 to December 31st, 2007. I conclude that because of organizational inertia, weak incentives linked to the low emission permit price that prevailed during its second part, and important industrial and regulatory constraints, the Phase I of EU ETS has had a limited economic impact on firms. However, this first trading period was instrumental in allowing the rening sector to build the capabilities needed to respond efficiently to the carbon price signal in the long run. I argue that the internal and external constraints that this first phase revealed will shape the future outcome of the scheme. Based on evidence from the rening sector under EU ETS, I take position in the current debate over policy design to suggest ways for regulators to improve the economic impact and environmental effectiveness of carbon markets. by Romain H. Lacombe. S.M. 2008-11-07T14:11:55Z 2008-11-07T14:11:55Z 2008 2008 Thesis http://hdl.handle.net/1721.1/42936 255580910 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 182 p. application/pdf Massachusetts Institute of Technology |
| spellingShingle | Technology and Policy Program. Engineering Systems Division. Lacombe, Romain H Economic impact of the European Union Emission Trading Scheme : evidence from the refining sector |
| title | Economic impact of the European Union Emission Trading Scheme : evidence from the refining sector |
| title_full | Economic impact of the European Union Emission Trading Scheme : evidence from the refining sector |
| title_fullStr | Economic impact of the European Union Emission Trading Scheme : evidence from the refining sector |
| title_full_unstemmed | Economic impact of the European Union Emission Trading Scheme : evidence from the refining sector |
| title_short | Economic impact of the European Union Emission Trading Scheme : evidence from the refining sector |
| title_sort | economic impact of the european union emission trading scheme evidence from the refining sector |
| topic | Technology and Policy Program. Engineering Systems Division. |
| url | http://hdl.handle.net/1721.1/42936 |
| work_keys_str_mv | AT lacomberomainh economicimpactoftheeuropeanunionemissiontradingschemeevidencefromtherefiningsector AT lacomberomainh economicimpactoftheeuetsevidencefromtherefiningsector |