气候变化领域集成服务门户(CCPortal): Free allocation rules in the EU emissions trading system: what does the empirical literature show?

CCPortal

DOI	10.1080/14693062.2018.1549969
	Free allocation rules in the EU emissions trading system: what does the empirical literature show?
	Verde S.F.; Teixidó J.; Marcantonini C.; Labandeira X.
发表日期	2019
ISSN	14693062
起始页码	439
结束页码	452
卷号	19 期号:4
英文摘要	This paper analyses the rules for free allocation in the EU Emissions Trading System (EU ETS). The analysis draws on the empirical evidence emerging from two literature strands. One group of studies sheds light on the following questions: how efficient are free allocation rules in minimizing the risk of carbon leakage? Have they become more efficient over the trading periods? What are the technical limits to making them more efficient? Further: is firm behaviour affected by allowance allocation? Did specific provisions induce strategic behaviour with unintended effects? Studies from the second group estimate sectoral pass-through rates for the costs imposed by the EU ETS. Taking cost pass-through into account is necessary for properly targeting free allocation. The difficulty of accurately quantifying sectoral differences in cost pass-through ability, especially in manufacturing sectors (due to limited data availability and market heterogeneity), is the main hindrance to achieving further efficiency in allowance allocation. The new rules defined in the reform for Phase IV (2021–2030) nevertheless make some progress in this direction. Key policy insights The difficulty of accurately quantifying sectoral differences in cost pass-through ability is the main hindrance to efficient free allocation in minimizing carbon leakage risk. In Phase IV (2021–2030), carbon leakage risk will be assessed more accurately thanks to: a) carbon intensity and trade intensity considered together through a combined indicator; b) possible use of more disaggregated data, and c) possible consideration of complementary qualitative assessments of abatement potential, market characteristics and profit margins. It is expected that benchmarked allocation introduced in Phase III (2013–2020) has induced additional emission abatement, but there is still a lack of empirical evidence. © 2018, © 2018 Informa UK Limited, trading as Taylor & Francis Group.
英文关键词	carbon leakage risk; cost pass-through; EU ETS; free allocation rules
语种	英语
scopus关键词	carbon emission; emission control; emissions trading; empirical analysis; European Union; manufacturing; Europe
来源期刊	Climate Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/153411
作者单位	FSR-Climate, European University Institute, Florence, Italy; School of Economics, University of Barcelona, Barcelona, Spain; Italian Regulatory Authority for Electricity Gas and Water, Milan, Italy; Department of Applied Economics, University of Vigo, Vigo, Spain
推荐引用方式 GB/T 7714	Verde S.F.,Teixidó J.,Marcantonini C.,et al. Free allocation rules in the EU emissions trading system: what does the empirical literature show?[J],2019,19(4).
APA	Verde S.F.,Teixidó J.,Marcantonini C.,&Labandeira X..(2019).Free allocation rules in the EU emissions trading system: what does the empirical literature show?.Climate Policy,19(4).
MLA	Verde S.F.,et al."Free allocation rules in the EU emissions trading system: what does the empirical literature show?".Climate Policy 19.4(2019).