The European Union Emissions Trading Scheme: Origins, Allocation, and Early Results

By A. Ellerman, Barbara K. Buchner. Review of Environmental Economics and Policy, 2007

667 citations recorded by the source corpus.

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

View Paper: https://www.semanticscholar.org/paper/dba4bc48f566bb9df45de70878eee3d159d2537b

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Citations in the corpus

Addressing Climate Change with a Comprehensive U.S. Cap-and-Trade System (2008, neutral): “A cap-and-trade system was also used in the United States to help comply with the Montreal Protocol, an international agreement aimed at slowing the rate of stratospheric ozone depletion.”
Ecological Modernisation and the Governance of Carbon: A Critical Analysis (2011, background): “Even environmental NGOs like Greenpeace and WWF that originally accused emissions trading of rewarding past pollution ended up hailing it as an important achievement (Ellerman and Buchner 2007).”
Improvements in Life Cycle Energy Efficiency and Greenhouse Gas Emissions of Corn‐Ethanol (2009, background): “Global Liska et al., Improvements in Energy Efficiency and Greenhouse Gas Emissions of Corn-Ethanol 59 concerns about climate change are the motivation for establishment of an emissions trading market in the Europe Union and the Chicago Climate Exchange in the United States (Ellerman and Buchner 200”
European CO2 prices and carbon capture investments (2008, background): “Ellerman and Buchner [ 15 ] focus on the distinctive features that have emerged in the allocation of the allowances created by the ETS.”
Why does emissions trading under the EU Emissions Trading System (ETS) not affect firms’ competitiveness? Empirical findings from the literature (2018, background): “Auctioning accounted for an annual average of 0.13% of certified emissions in Phase I (Ellerman & Buchner, 2007).”
The European Emissions Trading Scheme: An exploratory study of how companies learn to account for carbon☆ (2009, background): “The result in many member states was generous allocation of allowances so that, across the scheme, the number of allowances allocated surpassed the number of allowances actually needed in this phase by 4% (Ellerman & Buchner, 2007, p. 78; Kettner, Köppl, Stefan, Schleicher, & Thenius, 2007).”
Evaluating renewable portfolio standards and carbon cap scenarios in the U.S. electric sector (2010, background): “The quantity of emissions allowances allocated was based on projected future needs and, in 2005, allowances exceeded emissions by approximately 80 million tons, or about 4% of the EU’s intended maximum level (Ellerman and Buchner 2007).”
Understanding volatility dynamics in the EU-ETS market (2009, background): “3For a further discussion see Ellerman and Buchner (2007).”
The European Union Emissions Trading System: Ten Years and Counting (2016, background): “Figure 1 Evolution of EU ETS emissions and economic output, 2004–2014 Sources: Derived from Herold (2007), Eurostat (2015a, 2015b), and European Commission (2015b). 96 A.”
THE EU 20/20/2020 targets: An overview of the EMF22 assessment (2009, background): “The EU ETS is the first large-scale, international market for emissions permits (Convery 2009;Convery and Redmond 2007;Ellerman and Buchner 2007).”
The design of environmental markets: What have we learned from experience with cap and trade? (2017, background): “The ‘over-allocation’ was concentrated in a few countries, particularly in Eastern Europe, and in the nonpower sectors (Ellerman and Buchner, 2007, 2008).”