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Generous Allocation and a Ban on Banking : Implications of a Simulation Game for EU Emissions Trading

Title data

Schleich, Joachim ; Ehrhart, Karl-Martin ; Hoppe, Christian ; Seifert, Stefan:
Generous Allocation and a Ban on Banking : Implications of a Simulation Game for EU Emissions Trading.
In: Antes, Ralf ; Hansjürgens, Bernd ; Letmathe, Peter (ed.): Emissions Trading and Business. - Heidelberg : Physica Verlag , 2006 . - pp. 27-36 . - XIV, 400 S.
ISBN 978-3-7908-1747-8

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Abstract in another language

Admitting banking in emissions trading systems reduces overall compliance costs by allowing for intertemporal flexibility: cost savings can be traded over time. However most, if not all, EU Member States prohibit the transfer of un-used allowances from the period of 2005–2007 into the first commitment period under the Kyoto Protocol, i.e. 2008--2012. At the same time, allowances appear to be allocated fairly generously to the emissions trading sector. In this paper, we first explore the implications of such a ban on banking when initial emission targets are lenient. This analysis is based on a simulation which was recently carried out in Germany with companies and with a student control group. The findings suggest that an EU-wide ban on banking would lead to efficiency losses in addition to those losses which arise from the lack of intertemporal flexibility.

Further data

Item Type: Article in a book
Refereed: Yes
Institutions of the University: Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XI > Chair Business Administration XI - Univ.-Prof. Dr. Stefan Seifert
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XI
Result of work at the UBT: No
DDC Subjects: 300 Social sciences
300 Social sciences > 330 Economics
Date Deposited: 06 Nov 2015 08:46
Last Modified: 06 Nov 2015 08:46
URI: https://eref.uni-bayreuth.de/id/eprint/21261