Over-allocation or abatement? : a preliminary analysis of the EU ETS based on the 2005 emission data
This paper provides an initial analysis of the 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 allow...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Working Paper |
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MIT Center for Energy and Environmental Policy Research
2009
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| Online Access: | http://hdl.handle.net/1721.1/45062 |
| _version_ | 1811077867730108416 |
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| author | Ellerman, A. Denny Buchner, Barbara |
| author2 | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. |
| author_facet | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. Ellerman, A. Denny Buchner, Barbara |
| author_sort | Ellerman, A. Denny |
| collection | MIT |
| description | This paper provides an initial analysis of the 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. |
| first_indexed | 2024-09-23T10:49:33Z |
| format | Working Paper |
| id | mit-1721.1/45062 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T10:49:33Z |
| publishDate | 2009 |
| publisher | MIT Center for Energy and Environmental Policy Research |
| record_format | dspace |
| spelling | mit-1721.1/450622019-04-10T14:52:21Z Over-allocation or abatement? : a preliminary analysis of the EU ETS based on the 2005 emission data Ellerman, A. Denny Buchner, Barbara Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. This paper provides an initial analysis of the 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. 2009-04-03T17:07:34Z 2009-04-03T17:07:34Z 2006 Working Paper 2006-016 http://hdl.handle.net/1721.1/45062 159935161 MIT-CEEPR (Series) ; 06-016WP. 44 p application/pdf MIT Center for Energy and Environmental Policy Research |
| spellingShingle | Ellerman, A. Denny Buchner, Barbara Over-allocation or abatement? : a preliminary analysis of the EU ETS based on the 2005 emission data |
| title | Over-allocation or abatement? : a preliminary analysis of the EU ETS based on the 2005 emission data |
| title_full | Over-allocation or abatement? : a preliminary analysis of the EU ETS based on the 2005 emission data |
| title_fullStr | Over-allocation or abatement? : a preliminary analysis of the EU ETS based on the 2005 emission data |
| title_full_unstemmed | Over-allocation or abatement? : a preliminary analysis of the EU ETS based on the 2005 emission data |
| title_short | Over-allocation or abatement? : a preliminary analysis of the EU ETS based on the 2005 emission data |
| title_sort | over allocation or abatement a preliminary analysis of the eu ets based on the 2005 emission data |
| url | http://hdl.handle.net/1721.1/45062 |
| work_keys_str_mv | AT ellermanadenny overallocationorabatementapreliminaryanalysisoftheeuetsbasedonthe2005emissiondata AT buchnerbarbara overallocationorabatementapreliminaryanalysisoftheeuetsbasedonthe2005emissiondata |