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On the Use of Clean Development Mechanism Credits for Compliance in the EU Emissions Trading Scheme

Chevallier, Julien (2010), On the Use of Clean Development Mechanism Credits for Compliance in the EU Emissions Trading Scheme, Journal of Interdisciplinary Economics

Type
Article accepté pour publication ou publié
Date
2010
Journal name
Journal of Interdisciplinary Economics
Publisher
Sage
Metadata
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Author(s)
Chevallier, Julien
Abstract (EN)
This article critically examines the role played by Clean Development Mechanism projects for compliance into the EU Emissions Trading Scheme. We highlight risk factors specific to each emissions market - additionality and predictability for CERs, grandfathering, compliance events and banking provisions for EUAs -, as well as common risk factors - the ITL-CITL connection, the role played by the 1.7Gton import limit, and uncertainties concerning future international agreements on climate change.
Subjects / Keywords
EU Emissions Trading Scheme; Clean Development Mechanism
JEL
L16 - Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices
L11 - Production, Pricing, and Market Structure; Size Distribution of Firms
Q54 - Climate; Natural Disasters and Their Management; Global Warming
Q48 - Government Policy