The Impacts of the European Union Emissions Trading Scheme on Competitiveness in Europe


Oberndorfer, Ulrich ; Rennings, Klaus


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URL: http://ub-madoc.bib.uni-mannheim.de/1375
URN: urn:nbn:de:bsz:180-madoc-13758
Document Type: Working paper
Year of publication: 2006
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: Q21 Q28 Q43 ,
Subject headings (SWD): Europäische Union , Emission , Kyoto-Protokoll , Regulierung
Abstract: This literature review analyses the impacts of the EU ETS on competitiveness focussing on existing simulation studies. We have identified the choice of the reference scenario as the most critical issue for an appropriate analysis of the relevant literature. We find, however, that effects of the scheme on competitiveness are modest, even given the business as usual case that does not take the legally binding framework of the Kyoto Protocol into account. Furthermore, the impacts of the EU ETS are smaller than the impacts of alternative Kyoto-based regulation scenarios. Compared to these other regulation methods ETSs can have positive competitiveness effects. However, the EU ETS is not designed to boost Europe's economy. Its prime purpose and justification is to ensure that Europe's CO2 emissions are brought down and Kyoto targets are reached at minimal costs. To our opinion, it is therefore important that the system as well as modifications to it do not undermine the environmental goals associated with this policy instrument.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Oberndorfer, Ulrich ; Rennings, Klaus (2006) The Impacts of the European Union Emissions Trading Scheme on Competitiveness in Europe. Open Access [Working paper]
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