scholarly journals Testing for the economic and environmental impacts of EU Emissions Trading System: A panel GMM approach

2021 ◽  
Vol 21 (2) ◽  
pp. 99
Author(s):  
Piotr Gretszel ◽  
Henryk Gurgul ◽  
Lukasz Lach ◽  
Stefan Schleicher
Keyword(s):  
Air Pollutant ◽  
Pollutant Emission ◽  
Eu Ets ◽  
Trading System ◽  
Eu Member States ◽  
System A ◽  
The One ◽  
The Impact ◽  
Eu Emissions Trading System ◽  
The Eu

The COVID‑19 pandemic has had a great impact on the economies of the EU, also with regard to the future of EU climate policy. The plan to rebuild and support the EU economy seems to place less emphasis on environmental issues as the main focus has been shifted to a quick economic recovery. One of the issues discussed in this context is the continued operation of the EU ETS. From this perspective, empirical research devoted to a thorough analysis of the impact of the EU ETS is of particular importance. At the same time, the current economic literature lacks any econometric analyzes devoted to the issues in question that would use detailed and reliable databases on EU ETS like the one provided by the Wegener Center for Climate and Global Change. The aim of this paper is to make a preliminary assessment of the effectiveness of the EU ETS in terms of reducing the actual emissions while preserving the economic growth of EU member states. The extensive empirical analysis is focused on examining the issues in question for different phases of the EU ETS and various groups of EU economies that vary in terms of economic development and the overall air pollutant emission.

The Origin, Evolution and Consequences of the EU Emissions Trading System

2009 ◽  
Vol 9 (2) ◽  
pp. 101-122 ◽  
Author(s):  
Jon Birger Skjærseth ◽  
Jørgen Wettestad
Keyword(s):  
Emissions Trading ◽  
Eu Ets ◽  
Trading System ◽  
Eu Member States ◽  
International Climate ◽  
Policy Experiment ◽  
Eu Emissions Trading System ◽  
Emissions Trading System ◽  
The Eu ◽  
Broad Overview

The EU Emissions Trading System (EU ETS) is the cornerstone of EU climate policy, a grand policy experiment, as the first and largest international emissions trading system in the world. In this article, we seek to provide a broad overview of the initiation, decision-making and implementation of the EU ETS so far. We explore why the EU changed from a laggard to a leader in emissions trading, how it managed to establish the system rapidly, and the consequences to date, leading up to the 2008 proposal for a revised ET Directive for the post-2012 period. We apply three explanatory approaches, focusing on the roles of the EU member states, the EU institutions and the international climate regime, and conclude that all three approaches are needed to understand what happened, how and why. This also reveals that what happened in the early days of developing the system had significant consequences for the problems experienced in practice and the prospects ahead.

scholarly journals The impact of COVID-19 on households´ income in the EU

2021 ◽  
Author(s):  
Vanda Almeida ◽  
Salvador Barrios ◽  
Michael Christl ◽  
Silvia De Poli ◽  
Alberto Tumino ◽  
...  
Keyword(s):  
Fiscal Policy ◽  
Disposable Income ◽  
Income Loss ◽  
Eu Member States ◽  
Policy Interventions ◽  
Discretionary Fiscal Policy ◽  
Policy Measures ◽  
The One ◽  
The Impact ◽  
The Eu

AbstractThis analysis makes use of economic forecasts for 2020 issued by the European Commission in Autumn 2019 and Spring 2020, and of a counterfactual under a no-policy change assumption, to analyse the impact of the COVID-19 crisis on EU households´ income. Additionally, our analysis assesses the cushioning effect of discretionary fiscal policy measures taken by the EU Member States. We find that the COVID-19 pandemic is likely to affect significantly households’ disposable income in the EU, with lower income households being more severely hit. However, our results show that due to policy intervention, the impact of the crisis is expected to be similar to the one experienced during the 2008–2009 financial crisis. In detail, our results indicate that discretionary fiscal policy measures will play a significant cushioning role, reducing the size of the income loss (from −9.3% to −4.3% for the average equivalised disposable income), its regressivity and mitigating the poverty impact of the pandemic. We conclude that policy interventions are therefore instrumental in cushioning against the impact of the crisis on inequality and poverty.

scholarly journals Impact of Eu Ets on Sustainable Development of its Participants in Latvia

2012 ◽  
Vol 11 (1) ◽  
pp. 165-177
Author(s):  
Ilze Prūse
Keyword(s):  
Sustainable Development ◽  
Emissions Trading ◽  
Greenhouse Gas Emission ◽  
Eu Ets ◽  
The European Union ◽  
Gas Emission ◽  
Trading System ◽  
The Sustainable Development ◽  
The Impact ◽  
The Eu

Abstract Latvia is covered by the European Union Emissions Trading System (EU ETS) and therein 80 participants from Latvia have participated. The goal of the paper is to analyse the impact of the EU ETS on the sustainable development of its participants in Latvia. The concept of sustainable development is explored with respect to both macro and micro scale and in the context of sustainable development the EU ETS is described. The impact of the EU ETS on its participants in Latvia is considered by means of methods of quantitative and qualitative analysis. It has been established that in past the participants of the EU ETS from Latvia had generally beneficial positions in the EU ETS; hence although the EU ETS did not directly promote greenhouse gas emission reductions, it provided opportunities to gain additional profits and many of the EU ETS participants in Latvia made use of them. In addition, certain interrelationships have been identified between the data on the EU ETS participants performing EUA trading and the data on the EU ETS participants not performing EUA trading. It has been concluded that the EU ETS might have contributed towards the sustainable development of its participants in Latvia within its certain dimensions.

scholarly journals The Evolution of the Emission Trading System in the EU and Italy in the 2030 Climate and Energy Framework. Brief Notes on Climate Change Litigation

2020 ◽  
Vol 3 (1) ◽  
Keyword(s):  
Climate Change ◽  
Emissions Trading ◽  
Emission Trading ◽  
Eu Ets ◽  
Emission Trading System ◽  
Trading System ◽  
Polluter Pays Principle ◽  
Combat Climate Change ◽  
Eu Emissions Trading System ◽  
The Eu

The EU Emissions Trading System (EU ETS) is an important tool of the EU’s strategy to combat climate change, as it aims to reduce greenhouse gas emissions, according to the “polluter pays” principle. The EU ETS is more effective than environment taxation that has had little application, as it is difficult to determine the amount of tax and how it should be applied to companies and consumers [1].

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