A flexible CO2 targeting regime
(2011) In Economics Bulletin 31(1). p.297-308- Abstract
- 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.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/1763128
- author
- Karpestam, Peter LU and Andersson, Fredrik N G LU
- organization
- publishing date
- 2011
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- CO2, flexible policy targeting, policy implementation
- in
- Economics Bulletin
- volume
- 31
- issue
- 1
- pages
- 297 - 308
- publisher
- Economics Bulletin
- external identifiers
-
- scopus:79952323296
- ISSN
- 1545-2921
- language
- English
- LU publication?
- yes
- id
- 7b06dff6-18bd-4007-9ade-17e84754c33a (old id 1763128)
- alternative location
- http://www.accessecon.com/Pubs/EB/2011/Volume31/EB-11-V31-I1-P29.pdf
- date added to LUP
- 2016-04-04 11:22:36
- date last changed
- 2022-01-29 21:47:09
@article{7b06dff6-18bd-4007-9ade-17e84754c33a, abstract = {{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.}}, author = {{Karpestam, Peter and Andersson, Fredrik N G}}, issn = {{1545-2921}}, keywords = {{CO2; flexible policy targeting; policy implementation}}, language = {{eng}}, number = {{1}}, pages = {{297--308}}, publisher = {{Economics Bulletin}}, series = {{Economics Bulletin}}, title = {{A flexible CO2 targeting regime}}, url = {{http://www.accessecon.com/Pubs/EB/2011/Volume31/EB-11-V31-I1-P29.pdf}}, volume = {{31}}, year = {{2011}}, }