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The EU Emission Trading Scheme After One Year: Experiences and outlooks
Responsible organisation
2006 (English)Other (Other (popular science, discussion, etc.))
Abstract [en]

The report analyses the development in the EU emissions trading scheme during its first year of operation, and discusses the outlooks for the future. The prices of emission allowances have turned out much higher than most expected before the system was launched. There are several explanations for this. Substantial cuts in the allocation of allowances were made during the Commission review process. High gas prices have increased the cost of fuel switching from coal to gas within the power sector, and increased the marginal abatement costs. These are the two most important explanations. Using ECON's carbon market model we estimate the quantitative effect that this has had on the allowance price and the effects on the electricity price. The model simulation indicate that a with a allowance price of €20 the electricity price in the Nordic area is increased with approximately 10 öre/kWh, compared with no emissions trading. If the allowance price increased to €30 it adds an additional 10 öre/kWh to the electricity price (10 öre ~ 0.011 €).

Place, publisher, year, pages
Copenhagen: Nordic Council of Ministers , 2006. , 55 p.
Series
TemaNord, ISSN 0908-6692 ; 2006:514
Keyword [en]
EU
Keyword [fi]
EU, ilmasto, energia, ympäristö
Keyword [da]
EU, Klima, Energi, Miljø
Keyword [is]
Evrópusambandið, Loftslag, Orka, Umhverfi
Keyword [no]
EU, Klima, Energi, Miljø
Research subject
Climate; Energy; Environment
Identifiers
URN: urn:nbn:se:norden:org:diva-1920ISBN: 92-893-1284-X (print)OAI: oai:DiVA.org:norden-1920DiVA: diva2:702287
Available from: 2014-03-04 Created: 2014-03-04 Last updated: 2015-05-15

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf