A flexible CO2 targeting regime
Författare
Summary, in English
According to EU regulations, CO2 emissions capped by the EU emission trading system must decline by 1.74 percent per year from 2013 and onwards. This paper argues that it is necessary to allow short term fluctuations in emissions in order to avoid unnecessary volatility in the real economy. An analysis of emissions data from the European Union and the United States reveals systematic fluctuations of some +/- 5 percent a year around the long run trend. Hence, the Emission Trading System (ETS) should be modified to better accommodate temporary variations in emissions.
Avdelning/ar
Publiceringsår
2011
Språk
Engelska
Sidor
297-308
Publikation/Tidskrift/Serie
Economics Bulletin
Volym
31
Issue
1
Länkar
Dokumenttyp
Artikel i tidskrift
Förlag
Economics Bulletin
Ämne
- Economics
Nyckelord
- CO2
- flexible policy targeting
- policy implementation
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 1545-2921