Is a cap-and-trade system always efficient?: The case of new entrants in the emissions trading system of the EU

被引：7

作者：

Bartels, Michael ^{[1
]}

Muesgens, Felix ^{[2
]}

机构：

[1] Univ Cologne, Inst Energy Econ, D-50923 Cologne, Germany

[2] Univ Cologne, Dept Econ, D-50923 Cologne, Germany

来源：

JOURNAL OF ENERGY ENGINEERING-ASCE | 2008年 / 134卷 / 02期

关键词：

D O I：

10.1061/(ASCE)0733-9402(2008)134:2(33)

中图分类号：

TE [石油、天然气工业]; TK [能源与动力工程];

学科分类号：

0807 ; 0820 ;

摘要：

This paper analyzes the effects of allocating CO2 permits to new power plants free of charge within a tradable permit system. We demonstrate that these free allocations distort investments. Furthermore, we distinguish the effects of a uniform benchmark from a fuel specific benchmark, as both are common elements in EU member states' national allocation plans. An empirical model for the European market is used to quantify the effects in a realistic framework.

引用

页码：33 / 39

页数：7

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