Emissions Trading and Competitiveness: Allocations, Incentives and Industrial Competitiveness under the EU Emissions Trading Scheme

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Routledge, May 4, 2012 - Political Science - 160 pages
Complying with the forthcoming tightening of CO2 emission allocations in the EU may mean big bills for the industries affected. In this special issue of Climate Policy journal, leading experts examine the impacts on competitiveness and the commercial incentives available from the CO2 allowance allocations under the methodologies, and whether - and if so at what stage - the ETS itself may need to be amended. The study is multidisciplinary, combining economic, legal and policy analysis with specific studies of impacts on electricity, cement and other industrial sectors and the allocation issues. It brings together the results of research conducted over the past two year from various research centres and consultancies in Europe, and in particular, work commissioned by the Carbon Trust and Climate Strategies Network. Through these, it presents the most comprehensive and detailed set of analyses yet conducted of the impacts of allocation on competitiveness - one of the most critical issues for the sectors affected and for the operation of the ETS.
 

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Contents

Tom Delay
5
policy overview Michael Grubb Karsten Neuhoff
7
Robin Smale Murray Hartley Cameron Hepburn John Ward Michael Grubb
31
Jos Sijm Karsten Neuhoff Yihsu Chen
49
the impacts of EU ETS emissions allowance allocations to the electricity sector Karsten Neuhoff Kim Keats Martinez Misato Sato
73
grandfathering versus outputbased allocation Damien Demailly Philippe Quirion
93
legal issues Angus Johnston
115
how and why? Cameron Hepburn Michael Grubb Karsten Neuhoff Felix Matthes Maximilien Tse
137
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About the author (2012)

Michael Grubb is Editor-in-Chief of Climate Policy and Karsten Neuhoff is Senior Research Associate at the Faculty of Economics, Cambridge University. Contributors Lead authors include: Damien Demailly, Michael Grubb, Angus Johnston, Karsten Neuhoff, Jos Sijm and Robin Smale.

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