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Over-allocation or abatement? : a preliminary analysis of the EU ETS based on the 2005 emission data

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dc.contributor.author Ellerman, A. Denny en_US
dc.contributor.author Buchner, Barbara en_US
dc.contributor.other Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. en_US
dc.date.accessioned 2009-04-03T17:07:34Z
dc.date.available 2009-04-03T17:07:34Z
dc.date.issued 2006 en_US
dc.identifier 2006-016 en_US
dc.identifier.uri http://hdl.handle.net/1721.1/45062
dc.description.abstract This paper provides an initial analysis of the EU ETS based on the installation-level data for verified emissions and allowance allocations in the first trading year. Those data, released on May 15, 2006, and subsequent updates revealed that CO2 emissions were about 4% lower than the allocated allowances. The main objective of the paper is to shed light on the extent to which over-allocation and abatement have taken place in 2005. We propose a measure by which over-allocation can be judged and provide estimates of abatement based on emissions data and indicators of economic activity as well as trends in energy and carbon intensity. Finally, we discuss the insights and implications that emerge from this tentative assessment. en_US
dc.format.extent 44 p en_US
dc.publisher MIT Center for Energy and Environmental Policy Research en_US
dc.relation.ispartofseries MIT-CEEPR (Series) ; 06-016WP. en_US
dc.title Over-allocation or abatement? : a preliminary analysis of the EU ETS based on the 2005 emission data en_US
dc.type Working Paper en_US
dc.identifier.oclc 159935161 en_US


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