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Shaping the Global Arena: Preparing the EU Emissions Trading Scheme for the post-2012 Period. CEPS Task Force Reports No. 61, 6 March 2007

Egenhofer, Christian and Fujiwara, Noriko. (2007) Shaping the Global Arena: Preparing the EU Emissions Trading Scheme for the post-2012 Period. CEPS Task Force Reports No. 61, 6 March 2007. UNSPECIFIED.

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    Abstract

    Having been underway for more than two years, the review of the EU Emissions Trading Scheme (EU ETS) is entering a decisive phase with the European Commission’s recent announcement that it will table formal proposals in the second half of 2007. Based on an assessment of the EU ETS, this new CEPS Task Force Report tests the performance of four different design models (a cap-and-trade system based on free allocation, benchmarks, auctioning and a credit-and-baseline system) against 10 criteria under three headings: environmental effectiveness, economic efficiency and the contribution of the ETS to achieving long-term climate change policy objectives. Based on this assessment, the report makes a number of recommendations in the area of allocation, creation of investment incentives and the merits of including new sectors and new gases. The report also addresses the particular challenge of completing the EU ETS review before a global post-2012 agreement can be reached, i.e. the EU ETS will be reviewed against an unknown global context.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > environmental policy (including international arena)
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Task Force Reports
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 02 Sep 2009
    Page Range: p. 34
    Last Modified: 06 Apr 2012 11:52
    URI: http://aei.pitt.edu/id/eprint/9534

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