National Climate Policies and the European Emissions Trading System

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningfagfællebedømt

Standard

National Climate Policies and the European Emissions Trading System. / Silbye, Frederik; Sørensen, Peter Birch.

I: Nordic Economic Policy Review, Bind 2019, Nr. 12, 13.05.2019, s. 63-101.

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningfagfællebedømt

Harvard

Silbye, F & Sørensen, PB 2019, 'National Climate Policies and the European Emissions Trading System', Nordic Economic Policy Review, bind 2019, nr. 12, s. 63-101. https://doi.org/10.6027/Nord2019-012

APA

Silbye, F., & Sørensen, P. B. (2019). National Climate Policies and the European Emissions Trading System. Nordic Economic Policy Review, 2019(12), 63-101. https://doi.org/10.6027/Nord2019-012

Vancouver

Silbye F, Sørensen PB. National Climate Policies and the European Emissions Trading System. Nordic Economic Policy Review. 2019 maj 13;2019(12):63-101. https://doi.org/10.6027/Nord2019-012

Author

Silbye, Frederik ; Sørensen, Peter Birch. / National Climate Policies and the European Emissions Trading System. I: Nordic Economic Policy Review. 2019 ; Bind 2019, Nr. 12. s. 63-101.

Bibtex

@article{36c93f82b2034f6d96f594297e5a8a77,
title = "National Climate Policies and the European Emissions Trading System",
abstract = "We set up a model of the European Emissions Trading System (ETS) to evaluate the prospects for the system after the recent reform. Our simulations indicate that the current allowance surplus may not disappear before the 2050s. They also show that the mechanics of the new Market Stability Reserve imply that annulment of allowances by an EU member state may be largely ineffective, whereas national emission reductions can permanently reduce EU-wide CO2 emissions. We suggest that the next ETS reform should include a floor and a ceiling for the price of emission allowances.",
keywords = "Faculty of Social Sciences, European Emissions Trading System, Market Stability Reserve, effectiveness of national climate policies",
author = "Frederik Silbye and S{\o}rensen, {Peter Birch}",
year = "2019",
month = "5",
day = "13",
doi = "10.6027/Nord2019-012",
language = "English",
volume = "2019",
pages = "63--101",
journal = "Nordic Economic Policy Review",
issn = "1904-4526",
publisher = "Nordic Council of Ministers",
number = "12",

}

RIS

TY - JOUR

T1 - National Climate Policies and the European Emissions Trading System

AU - Silbye, Frederik

AU - Sørensen, Peter Birch

PY - 2019/5/13

Y1 - 2019/5/13

N2 - We set up a model of the European Emissions Trading System (ETS) to evaluate the prospects for the system after the recent reform. Our simulations indicate that the current allowance surplus may not disappear before the 2050s. They also show that the mechanics of the new Market Stability Reserve imply that annulment of allowances by an EU member state may be largely ineffective, whereas national emission reductions can permanently reduce EU-wide CO2 emissions. We suggest that the next ETS reform should include a floor and a ceiling for the price of emission allowances.

AB - We set up a model of the European Emissions Trading System (ETS) to evaluate the prospects for the system after the recent reform. Our simulations indicate that the current allowance surplus may not disappear before the 2050s. They also show that the mechanics of the new Market Stability Reserve imply that annulment of allowances by an EU member state may be largely ineffective, whereas national emission reductions can permanently reduce EU-wide CO2 emissions. We suggest that the next ETS reform should include a floor and a ceiling for the price of emission allowances.

KW - Faculty of Social Sciences

KW - European Emissions Trading System

KW - Market Stability Reserve

KW - effectiveness of national climate policies

U2 - 10.6027/Nord2019-012

DO - 10.6027/Nord2019-012

M3 - Journal article

VL - 2019

SP - 63

EP - 101

JO - Nordic Economic Policy Review

JF - Nordic Economic Policy Review

SN - 1904-4526

IS - 12

ER -

ID: 242773691