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research article
Premières simulations de la directive européenne sur les quotas d'emission avec le modèle GEMINI-E3
2005
The article assesses the European Directive on CO2 emission quotas using the GEMINI-E3 model. After summarizing the Directive and briefly describing the model, we present and analyze scenarios for different potential allocation rules. While the European quota mechanism creates a single market for eligible firms, it can also cause distortions vis-à-vis other economic sectors in each country. The arrangement does yield a single carbon price for all eligible firms, but a different carbon price for other sectors—with variations from country to country. The resulting excess costs can be significant
Type
research article
Authors
Publication date
2005
Published in
Issue
169-170-171
Start page
171
End page
196
Peer reviewed
REVIEWED
EPFL units
Available on Infoscience
February 19, 2008
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