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A flexible CO2 targeting regime

Karpestam, Peter LU and Andersson, Fredrik N G LU (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:
author
organization
publishing date
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
2011-01-18 10:20:00
date last changed
2017-01-01 08:02:55
@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},
  keyword      = {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},
  volume       = {31},
  year         = {2011},
}