Over-Allocation or Abatement? A Preliminary Analysis of the EU ETS Based on the 2005–06 Emissions Data

By A. Ellerman, Barbara K. Buchner. 2008

487 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/1ab8f37f49d350662148d8863dbc1a329fc1d043

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Citations in the corpus

Does carbon pricing reduce emissions? A review of ex-post analyses (2021, unknown): “In sum, for those studies that calculate average effects across the EU, reductions range from 0% (Gloaguen and Alberola 2013) to 3.1% over 2 years (Ellerman and Buchner 2008).”
European Carbon Prices and Banking Restrictions: Evidence from Phase I (2005-2007) (2009, unknown): “…over-allocation concerns, early abatement efforts in 2005, and possibly decreasing abatement costs in 2006 due to the interaction with other energy markets and temperatures events (Ellerman and Buchner (2008), Mansanet-Bataller, Pardo and Valor (2007), Alberola, Chevallier and Chèze (2008)).”
Why does emissions trading under the EU Emissions Trading System (ETS) not affect firms’ competitiveness? Empirical findings from the literature (2018, unknown): “Ellerman and Buchner (2008) stress that over-allocation could have its roots either in an under-estimation of abatement or an over-estimation of emissions ex ante.”
Carbon pricing in practice: a review of existing emissions trading systems (2018, unknown): “In phase three, the system has transitioned to a jurisdiction-wide cap that decreases 1.74% per year (Ellerman & Buchner, 2008; Meadows, 2017; Schmalensee & Stavins, 2015).”
Abatement and Allocation in the Pilot Phase of the EU ETS (2009, unknown): “…(historical) emissions leads to more generous future allocations and if the prospect of future allowance distribution being contingent upon recent emissions (‘up-dating’) is likely, there is a direct incentive to inﬂate actual emissions (See the discussion in Grubb, Azar, and Persson, 2005).”
The Cost of Carbon: Capital Market Effects of the Proposed Emission Trading Scheme (ETS) (2011, unknown): “generators (Ellerman and Buchner, 2006).”
Decentralization in the EU Emissions Trading Scheme and Lessons for Global Policy (2007, unknown): “16 Note that estimates of allocations vs. reported emissions are preliminary and do not necessarily include allocations from new entrant reserves (see Ellerman and Buchner 2006 ).”
Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market (2012, unknown): “…intensity of output.5 Macroeconomic estimates suggest that the EU ETS reduced total emissions by roughly 50 million to 100 million tonnes of carbon dioxide annually in phase 1, or roughly 3% to 6%, compared with a business-as-usual scenario (Ellerman & Buchner, 2008; Anderson & Di Maria, 2011).”