The EU ETS: Eight Years and Counting

31 Pages Posted: 24 Jan 2014

See all articles by A. Denny Ellerman

A. Denny Ellerman

European University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)

Claudio Marcantonini

European University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)

Aleksandar Zaklan

German Institute for Economic Research (DIW Berlin)

Date Written: January 2014

Abstract

This paper provides an introduction to the EU’s Emissions Trading System. As such it provides a discussion of the historical and legal context in which the EU ETS developed and now operates, a presentation of the key performance indicators for the first eight years through the end of the second phase in 2012, and some concluding observations on the system’s future. The paper is purposively descriptive to provide background for more analytically oriented articles, as well as to provide a matter-of-fact presentation for readers who wish to learn about or be updated on the progress of the EU ETS.

Keywords: European Climate Policy, EU ETS, Carbon Price

Suggested Citation

Ellerman, A. Denny and Marcantonini, Claudio and Zaklan, Aleksandar, The EU ETS: Eight Years and Counting (January 2014). Robert Schuman Centre for Advanced Studies Research Paper No. 2014/04, Available at SSRN: https://ssrn.com/abstract=2383870 or http://dx.doi.org/10.2139/ssrn.2383870

A. Denny Ellerman (Contact Author)

European University Institute - Robert Schuman Centre for Advanced Studies (RSCAS) ( email )

Villa La Fonte, via delle Fontanelle 18
50016 San Domenico di Fiesole
Florence, Florence 50014
Italy

Claudio Marcantonini

European University Institute - Robert Schuman Centre for Advanced Studies (RSCAS) ( email )

Villa La Fonte, via delle Fontanelle 18
50016 San Domenico di Fiesole
Florence, Florence 50014
Italy

Aleksandar Zaklan

German Institute for Economic Research (DIW Berlin) ( email )

Mohrenstraße 58
Berlin, 10117
Germany

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