| DOI: | 10.1080/14693062.2017.1294045
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| Scopus记录号: | 2-s2.0-85015946802
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| 论文题名: | Assessing the EU ETS with a bottom-up, multi-sector model |
| 作者: | Pintos P; , Linares P
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| 刊名: | Climate Policy
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| ISSN: | 1469-3062
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| EISSN: | 1752-7457
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| 出版年: | 2018
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| 卷: | 18, 期:4 | | 起始页码: | 413
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| 结束页码: | 424
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| 语种: | 英语
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| 英文关键词: | abatement costs
; company behaviour
; emissions pricing
; EU Emissions Trading Scheme
; industrial emissions
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| Scopus关键词: | abatement cost
; climate change
; cost-benefit analysis
; emission control
; emissions trading
; European Union
; industrial emission
; pollution tax
; structural adjustment
; Europe
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| Scopus学科分类: | nvironmental Science: General Environmental Science
; Earth and Planetary Sciences: Atmospheric Science
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| 英文摘要: | The European Emissions Trading System (EU ETS) is the central pillar of the EU response against climate change. This trading mechanism is considered, from the theoretical point of view, as the most cost-effective method to reduce GHG. However, previous studies show that the agents who participate in these markets may behave in a way that may lead to inefficient CO2 prices, creating doubts about the static and dynamic efficiency of the system. This article analyses these possible anomalies by first trying to model the ETS in a more realistic way, addressing some of the limitations of previous models, and second, by comparing the results with real market transactions. For this, a bottom-up, multi-sector model has been built, which represents the EU ETS in an integrated, cross-sectoral way, paying particular attention to the interactions among the most emissions intensive industries. The results show the benefits of this modelling approach and how it better reflects real market conditions. Some preliminary conclusions regarding the behaviour of the agents in the ETS market are also presented. POLICY RELEVANCE Low allowance prices in the EU ETS have put into question the dynamic efficiency of the EU ETS system, prompting various ideas for structural reform. However, determining the right reform also requires estimating correctly how agents will respond to it. This article proposes a tool to realistically simulate the EU ETS under the assumption of rational agents, and compare it to real market outcomes, in order to understand better the behaviour of agents in this carbon market, and therefore how to design better policies. © 2017 Informa UK Limited, trading as Taylor & Francis Group. |
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| 资源类型: | 期刊论文
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| 标识符: | http://119.78.100.158/handle/2HF3EXSE/80152
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| Appears in Collections: | 科学计划与规划
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作者单位: | Instituto de Investigación Tecnológica, Universidad Pontificia Comillas, Alberto Aguilera 23, Madrid, Spain; Economics for Energy, Vigo, Spain
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| Recommended Citation: | |
Pintos P,, Linares P. Assessing the EU ETS with a bottom-up, multi-sector model[J]. Climate Policy,2018-01-01,18(4)
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