Emissions Trading, CDM, Ji, and More - the Climate Strategy of the EU

50 Pages Posted: 22 Apr 2005

See all articles by Gernot Klepper

Gernot Klepper

Kiel Institute of World Economics

Sonja M. Peterson

Kiel Institute for the World Economy

Date Written: April 2005

Abstract

The objective of this paper is to assess the likely allocation effects of the current climate protection strategy as it is laid out in the National Allocation Plans (NAPs) for the European Emissions Trading Scheme (ETS). The multi-regional, multi-sectoral CGE-model DART is used to simulate the effects of the current policies in the year 2012 when the Kyoto targets need to be met. Different scenarios are simulated in order to highlight the effects of the grandfathering of permits to energy-intensive installations, the use of the project-based mechanisms (CDM and JI), and the restriction imposed by the supplementarity criterion.

Keywords: Kyoto targets, EU, EU emissions trading scheme, National Allocation Plans, CDM and JI, Computable general equilibrium model, DART

JEL Classification: D58, F18, Q48, Q54

Suggested Citation

Klepper, Gernot and Peterson, Sonja M., Emissions Trading, CDM, Ji, and More - the Climate Strategy of the EU (April 2005). Available at SSRN: https://ssrn.com/abstract=703881 or http://dx.doi.org/10.2139/ssrn.703881

Gernot Klepper (Contact Author)

Kiel Institute of World Economics ( email )

D-24100 Kiel
Germany

Sonja M. Peterson

Kiel Institute for the World Economy ( email )

Duesternbrooker Weg 120
D-24118 Kiel
Germany
0431/8814-406 (Phone)

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