Search

Begin New Search
Proceed to Checkout

Search Results for All:
(Showing results 1 to 1 of 1)



Cross Border Trading and Borrowing in the EU ETS

A. Denny Ellerman and Raphael Trotignon

Year: 2009
Volume: Volume 30
Number: Special Issue #2
DOI: 10.5547/ISSN0195-6574-EJ-Vol30-NoSI2-4
View Abstract

Abstract:
Cross Border Trading and Borrowing in the EU ETS A. Denny Ellerman* and Raphael Trotignon** This paper exploits a little used data resource within the central registry of the European Union�s Emissions Trading System (EU ETS) to analyze cross border trading and inter-year borrowing during the first trading period (2005- 2007). Cross-border flows were small in the aggregate but remarkably frequent in matching allowance deficits and surpluses at the installation level throughout the EU. These data also indicate that a novel feature of the EU ETS�the ability to borrow allowances from the forward allocation to satisfy current compliance requirements�was also used. These data provide evidence that the precondition of efficient abatement in a cap-and-trade system�widespread use of trading opportunities�was present in the first period of the EU ETS.





Begin New Search
Proceed to Checkout

 

© 2025 International Association for Energy Economics | Privacy Policy | Return Policy