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Title: Industrial emissions abatement: Untangling the impact of the EU ETS and the economic crisis
Author: Bel i Queralt, Germà, 1963-
Joseph, Stephan Emanuel
Keywords: Clima
Política ambiental
Llicències d'emissió transferibles
Enginyeria de gas
Environmental policy
Emissions trading
Gas engineering
Issue Date: 2014
Publisher: Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública
Series/Report no: [WP E-IR14/22]
Abstract: In this study we use historical emission data from installations under the European Union Emissions Trading System, -EU ETS- to evaluate the impact of this policy on industrial greenhouse gas emissions during the first two trading phases, 2005-2012. As such the analysis seeks to disentangle two causes of emission abatement: that attributable to the EU ETS and that attributable to the economic crisis that hit the EU in 2008/09. Using a panel data approach the estimated emissions reduction attributable to the EU ETS is about 21 per cent of the total emission abatement during the observation period. These results suggest therefore that the lion’s share of abatement was attributable to the effects of the economic crisis, a finding that has serious implications for future policy adjustments affecting core elements of the EU ETS, including the distribution of EU emission allowances.
Note: Reproducció del document publicat a:
It is part of: IREA – Working Papers, 2014, IR14/22
ISSN: 2014-1254
Appears in Collections:Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

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