DOI: 10.1002/wcc.283
Scopus记录号: 2-s2.0-84903147800
论文题名: The effects and side-effects of the EU emissions trading scheme
作者: Laing T ; , Sato M ; , Grubb M ; , Comberti C
刊名: Wiley Interdisciplinary Reviews: Climate Change
ISSN: 17577780
出版年: 2014
卷: 5, 期: 4 起始页码: 509
结束页码: 519
语种: 英语
英文关键词: Carbon dioxide
; Commerce
; Costs
; Economics
; Gas emissions
; Investments
; Profitability
; Emissions abatements
; Emissions Trading
; Emissions Trading Scheme
; EU Emissions Trading Scheme
; Financial crisis
; Industrial sector
; Industry operations
; Low-carbon technologies
; International law
; carbon emission
; emission control
; emissions trading
; environmental economics
; European Union
; investment
; policy analysis
; pollution tax
; Europe
英文摘要: As many countries, regions, cities, and states implement emissions trading policies to limit CO2 emissions, they turn to the European Union's experience with its emissions trading scheme since 2005. As a prominent example of a regional carbon pricing policy, it has attracted significant attention from scholars interested in evaluating the effectiveness and impacts of emissions trading. Among the key difficulties faced by researchers is isolating the effect of the EU ETS on industry operation, investment, and pricing decisions from other dominant factors such as the financial crisis, and establishing credible counterfactual scenarios against this backdrop. This article reviews the evidence, focusing on two intended effects (emissions abatement and investment in low-carbon technologies) as well as two side-effects (profits and price impacts). We find that the EU ETS cut CO2 emissions by 40-80 million t/year on average, or 2-4% of the total capped, while the evidence on innovation and investment impacts is inconclusive. There is strong empirical support for cost-pass through in electricity (20-100%), in diesel and gasoline (>50%), and some preliminary evidence of pricing power in other industrial sectors. Windfall profits have amounted to billions of Euros, and concentrated in a few large companies. © 2014 John Wiley & Sons, Ltd. Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/76321
Appears in Collections: 影响、适应和脆弱性 气候变化与战略
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作者单位: Department of Geography and Environment, London School of Economics, London, United Kingdom; Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science, London, United Kingdom; 4CMR, Department of Land Economy, University of Cambridge, Cambridge, United Kingdom; Environmental Change Institute, University of Oxford, Oxford, United Kingdom
Recommended Citation:
Laing T,, Sato M,, Grubb M,et al. The effects and side-effects of the EU emissions trading scheme[J]. Wiley Interdisciplinary Reviews: Climate Change,2014-01-01,5(4)