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Overlapping efforts in the EU Emissions Trading System

Title data

Herweg, Fabian:
Overlapping efforts in the EU Emissions Trading System.
In: Economics Letters. (August 2020) Issue 193 . - No. 109323.
ISSN 0165-1765
DOI: https://doi.org/10.1016/j.econlet.2020.109323

Official URL: Volltext

Abstract in another language

According to the Phase IV (2021–2030) rules of the EU ETS, the total amount of emission permits allocated to firms is not fixed but endogenous. This implies that a national climate policy that overlaps with the ETS can have an impact on total aggregate emissions. Roughly speaking, if firms increase their holdings of emission permits, the total amount of permits allocated is reduced. This paper analytically investigates how an overlapping national policy affects the aggregate bank of emission permits. If marginal abatement costs are not too convex, national climate policies increase banking and thus tend to reduce overall emissions.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: Banking of permits; Cap-and-trade; EU ETS; National measures
Subject classification: D45; Q48; Q58
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics VIII: International Competition Policy
Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics VIII: International Competition Policy > Chair Economics VIII: International Competition Policy - Univ.-Prof. Dr. Fabian Herweg
Result of work at the UBT: Yes
DDC Subjects: 300 Social sciences
300 Social sciences > 330 Economics
Date Deposited: 05 Nov 2020 08:12
Last Modified: 05 Nov 2020 08:12
URI: https://eref.uni-bayreuth.de/id/eprint/59220