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Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-1042
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dc.contributor.authorCludius, Johanna-
dc.date.accessioned2016-02-01T10:20:11Z-
dc.date.available2016-02-01T10:20:11Z-
dc.date.issued2016-01-
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/1042-
dc.description.abstractThis paper analyzes distributional effects the EU Emissions Trading Scheme (EU ETS) created between participants of the scheme during its first trading period. To this end, a dataset recording all transfers during the first period of the EU ETS, originally at account level, was enhanced by adding information about parent companies, firm characteristics, and carbon prices. A two-step selection model was formulated and applied to the data. To account for a number of uncertainties, sensitivity analysis with regard to forward and futures trading was carried out. Findings confirm that free allocation in excess of actual emissions (‹overallocation›) is a major source of gain generated under the Scheme. The fact that small companies are much less likely to participate in trading is a further cause of distributional effects. This paper also discusses that windfall profits obtained by passing through the cost of freely allocated allowances to consumers are likely to dwarf the gains and losses made on the market for EU Allowances. It is therefore quite likely that the majority of companies covered by the EU ETS generated gains during its first period, either through selling overallocation on the market or by generating windfall profits on product markets. Therefore, decisions about the level of free allocation not only have distributional implications for the participants of an emissions trading scheme but determine the distribution of costs and benefits between covered companies and households.de_CH
dc.language.isodede_CH
dc.publisherZHAW Zürcher Hochschule für Angewandte Wissenschaftende_CH
dc.relation.ispartofseriesSML Working Paperde_CH
dc.subjectEmissions trading schemede_CH
dc.subjectEU ETSde_CH
dc.subjectEUTL transfer datade_CH
dc.subjectDistributional effectsde_CH
dc.subjectFree allocationde_CH
dc.subjectTwo-step selection modelde_CH
dc.subject.ddc333: Bodenwirtschaft und Ressourcende_CH
dc.subject.ddc338.927: Umweltökonomie und nachhaltige Entwicklungde_CH
dc.subject.ddc363: Umwelt- und Sicherheitsproblemede_CH
dc.titleWinners and losers of EU emissions trading : insights from the EUTL transfer datasetde_CH
dc.typeWorking Paper – Gutachten – Studiede_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitInstitut für Regulierung und Wettbewerb (IRW)de_CH
zhaw.publisher.placeWinterthurde_CH
dc.identifier.doi10.21256/zhaw-1042-
zhaw.originated.zhawYesde_CH
zhaw.series.number8de_CH
Appears in collections:Energierecht & Energy Policy Analysis

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Cludius, J. (2016). Winners and losers of EU emissions trading : insights from the EUTL transfer dataset. ZHAW Zürcher Hochschule für Angewandte Wissenschaften. https://doi.org/10.21256/zhaw-1042
Cludius, J. (2016) Winners and losers of EU emissions trading : insights from the EUTL transfer dataset. Winterthur: ZHAW Zürcher Hochschule für Angewandte Wissenschaften. Available at: https://doi.org/10.21256/zhaw-1042.
J. Cludius, “Winners and losers of EU emissions trading : insights from the EUTL transfer dataset,” ZHAW Zürcher Hochschule für Angewandte Wissenschaften, Winterthur, Jan. 2016. doi: 10.21256/zhaw-1042.
CLUDIUS, Johanna, 2016. Winners and losers of EU emissions trading : insights from the EUTL transfer dataset. Winterthur: ZHAW Zürcher Hochschule für Angewandte Wissenschaften
Cludius, Johanna. 2016. “Winners and losers of EU emissions trading : insights from the EUTL transfer dataset.” Winterthur: ZHAW Zürcher Hochschule für Angewandte Wissenschaften. https://doi.org/10.21256/zhaw-1042.
Cludius, Johanna. Winners and losers of EU emissions trading : insights from the EUTL transfer dataset. ZHAW Zürcher Hochschule für Angewandte Wissenschaften, Jan. 2016, https://doi.org/10.21256/zhaw-1042.


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