Allocation in the European Emissions Trading Scheme: Rights, Rents and Fairness PDF
Preview Allocation in the European Emissions Trading Scheme: Rights, Rents and Fairness
This page intentionally left blank Allocation in the European Emissions Trading Scheme Acriticalissueindealingwithclimatechangeisdecidingwhohasaright to emit carbon dioxide, particularly when those emissions are limited. Allocation in the European Emissions Trading Scheme provides the first in-depth description and analysis of the process by which rights to emit carbon dioxide were created and distributed in the European Emissions Trading Scheme. This is the world’s first large-scale experiment with an emission trading system for carbon dioxide and is likely to be copied by others if there is to be a global regime for limiting greenhouse gas emis- sions.Thebookconsistsofcontributionsbyparticipantsintheallocation processintenrepresentativememberstatesandattheEuropeanCommis- sion.Theproblemsencounteredbythesetenrepresentativecountries,the solutions found and the choices they made, will be of interest to all who areconcernedwithclimatepolicyandtheuseofemissionstrading. a. denny ellerman is Senior Lecturer at the Sloan School of Man- agement,MassachusettsInstituteofTechnology. barbara k. buchner is Senior Researcher at the Fondazione Eni EnricoMattei(FEEM). carlo carraro is Professor of Econometrics and Environmental Economics at the University of Venice and Director of Research at the FondazioneEniEnricoMattei(FEEM). Allocation in the European Emissions Trading Scheme Rights, Rents and Fairness Edited by a. denny ellerman MassachusettsInstituteofTechnology barbara k. buchner FondazioneEniEnricoMattei carlo carraro UniversityofVenice CAMBRIDGEUNIVERSITYPRESS Cambridge, New York, Melbourne, Madrid, Cape Town, Singapore, São Paulo Cambridge University Press The Edinburgh Building, Cambridge CB28RU, UK Published in the United States of America by Cambridge University Press, New York www.cambridge.org Information on this title: www.cambridge.org/9780521875684 © Cambridge University Press 2007 This publication is in copyright. Subject to statutory exception and to the provision of relevant collective licensing agreements, no reproduction of any part may take place without the written permission of Cambridge University Press. First published in print format 2007 ISBN-13 978-0-511-28917-0 eBook (EBL) ISBN-10 0-511-28917-0 eBook (EBL) ISBN-13 978-0-521-87568-4 hardback ISBN-10 0-521-87568-4 hardback Cambridge University Press has no responsibility for the persistence or accuracy of urls for external or third-party internet websites referred to in this publication, and does not guarantee that any content on such websites is, or will remain, accurate or appropriate. Iffactorsofproductionarethoughtofas rights,itbecomeseasiertounderstandthatthe righttodosomethingwhichhasa harmfuleffect...isalsoafactorof production. RonaldCoase, TheProblemofSocialCost Contents Listoffigures pageix Listofboxes xi Listoftables xii Listofcontributors xiv Introductorynote/Foreword xvii Acknowledgements xix Glossaryandabbreviations xx PartI TheEUETSallocationprocess 1 TheEUETSallocationprocess:anoverview 3 A.DennyEllerman,BarbaraK.Buchnerand CarloCarraro 2 AbriefbutlivelychapterinEUclimatepolicy:the Commission’sperspective 13 PeterZapfel PartII ExperiencesfromMemberStatesinallocating allowances 3 UnitedKingdom 41 DavidHarrisonandDanielRadov 4 Germany 72 FelixChristianMatthesandFranzjosefSchafhausen 5 Denmark 106 SigurdLaugePedersen vii viii Contents 6 Sweden 132 LarsZetterberg 7 Ireland 157 ConorBarry 8 Spain 182 PablodelRı´o 9 Italy 213 DanieleAgostini 10 Hungary 246 IstvanBart 11 CzechRepublic 269 TomasChmelik 12 Poland 301 BoleslawJankowski PartIII Concludingremarksandbackgroundmaterial 13 Unifyingthemes 339 A.DennyEllerman,BarbaraK.Buchnerand CarloCarraro AppendixI Participants 370 AppendixII Theindividualcountryoutlines 378 AppendixIII Thecountrytables 381 1 NAPsummaryforCzechRepublic 381 2 NAPsummaryforDenmark 383 3 NAPsummaryforGermany 385 4 NAPsummaryforHungary 387 5 NAPsummaryforIreland 389 6 NAPsummaryforItaly 391 7 NAPsummaryforPoland 393 8 NAPsummaryforSpain 396 9 NAPsummaryforSweden 398 10 NAPsummaryforUnitedKingdom 400 AppendixIV Backgroundmaterialfromthe EuropeanCommission 402 Index 405
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