DOI: 10.1080/14693062.2014.872888
Scopus记录号: 2-s2.0-84903448753
论文题名: Benchmark-based allocations in EU ETS Phase 3: An early assessment
作者: Sartor O ; , Pallière C ; , Lecourt S
刊名: Climate Policy
ISSN: 1469-3062
EISSN: 1752-7457
出版年: 2014
卷: 14, 期: 4 起始页码: 507
结束页码: 524
语种: 英语
英文关键词: emissions-performance benchmarking
; European Union Emissions Trading Scheme (EU ETS)
Scopus关键词: benchmarking
; carbon dioxide
; carbon emission
; emissions trading
; environmental economics
; European Union
; forecasting method
; market conditions
; performance assessment
; resource allocation
Scopus学科分类: nvironmental Science: General Environmental Science
; Earth and Planetary Sciences: Atmospheric Science
英文摘要: Phase 3 of the European Union Emissions Trading Scheme (EU ETS; 2013-2020) sees the introduction of new rules governing the free allocations of emissions allowances given to energy-intensive industries. In contrast to Phases 1 and 2, allocations will be based on historical production multiplied by best available emissions technology benchmarks. This article exploits an original database to provide a first analysis of the distributional and economic efficiency implications of the new rules. It is shown empirically that the new allocation rules reduce the scope for windfall gains by EU ETS firms while also effectively mitigating carbon leakage risks, even assuming optimistic forecasts of Phase 3 carbon prices. The example of the cement sector is used to show that benchmarking significantly improves the harmonization of the levels of free allocations to competing firms throughout the EU compared to Phase 2. However, it is also found that the use of ex ante output levels to determine allocations still leaves considerable scope for windfall gains and possible distortions of the internal market. © 2014 © 2014 Taylor & Francis. Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/80486
Appears in Collections: 科学计划与规划
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作者单位: European Energy and Climate Policy, IDDRI, 40 rue de Four, Paris 75006, France; Sciences Po, 27 rue Saint-Guillaume, Paris, 75008, France; Climate Economics Department, Université Paris-Dauphine, 28, 4th floor, place de la Bourse Palais Brongniart, Paris 75002, France
Recommended Citation:
Sartor O,, Pallière C,, Lecourt S. Benchmark-based allocations in EU ETS Phase 3: An early assessment[J]. Climate Policy,2014-01-01,14(4)