The EU ETS Up to 2030
The EU ETS Up to 2030
This report presents some figures exploring the way Romanian installations have been operating under the European Union Emissions Trading System (EU ETS). At the request of the Government of Romania, a two-year Reimbursable Advisory Services (RAS) Program on climate change and low-carbon green growth was launched by the World Bank in July 2013. The RAS project focuses on operationalizing Romania’s national climate change strategy and action plan, identifying and integrating climate-related actions in new operational programs, building a solid analytical base for impact assessments and climate-related decision making, and enhancing climate-friendly practices and monitoring systems. Component D aims at supporting the Government institutions in implementing, monitoring, and evaluating climate change actions and sharing their experiences. In this context, the present report provides a background overview and analysis on EU Emissions Trading System (EU ETS) in general, as well as on the participation and compliance of Romanian EU ETS installations. A number of ETSs have been implemented to curb air pollution, in particular greenhouse gas (GHG) emissions, in order to mitigate climate change. The EU ETS was proposed in 2001 by the European Commission to help EU countries meet their national commitments under the Kyoto Protocol. The choices in the allocation process made by European Member States since the inception of the EU ETS in 2005 have modified the way the “carbon rent” created through allocation is distributed among economic players, industries, utilities, but also governments and indirectly citizens and tax payers. In parallel, European governments have committed to report on their use of auction revenues and to dedicate at least half of them to climate-related policies. In particular, the changes in the allocation process raise questions regarding their impact on European competitiveness. Because European industries are already fighting to keep market shares on the international market, it is often feared that an additional constraint, through carbon pricing, would make their playing field even less leveled. Member States thus have to consider a number of parameters in their use of auction revenues.
- World Bank United States
CARBON FINANCE, ECONOMIC GROWTH, UNCERTAINTIES, ALLOCATION, AUCTION REVENUE, TRANSACTION COSTS, INTERNATIONAL OFFSET, EMISSIONS CAPS, CLIMATE POLICIES, ELECTRICITY PRICES, LAND USE, EMISSIONS, INCOME, INVESTMENTS, EMISSIONS REDUCTION, CLIMATE ECONOMICS, ESTIMATES OF EMISSIONS, DOUBLE DIVIDEND, FREE ALLOWANCES, 320, INCENTIVES, SCENARIOS, ENERGY SAVINGS, AUCTION REVENUES, ALLOWANCE, PUBLIC SPENDING, PRICE SIGNAL, ABATEMENT, COST-BENEFIT ANALYSIS, CARBON ABATEMENT, FRESH WATER, EMISSIONS ALLOWANCES, CLIMATE CHANGE POLICIES, MARGINAL ABATEMENT, USE OF ALLOWANCES, 330, POWER PLANTS, MODELS, ABATEMENT COSTS, ECONOMIC SECTORS, MARKETS, AUCTION, FINANCE, COLORS, COMBUSTION, PRICES, ALLOWANCES TO FIRMS, INTERNATIONAL OFFSETS, ENERGY POLICIES, ALLOWANCE PRICES, OFFSET PROJECTS, ALLOCATION METHODOLOGY, DOMESTIC OFFSET PROJECTS, ENERGY DEMAND, OFFSETS, CARBON PRICE, INTERNATIONAL CREDITS, ELECTRICITY CONSUMPTION, CONSUMPTION, LOWER PRICES, EMISSIONS ABATEMENT, EMISSION REDUCTIONS, ALTERNATIVE SCENARIOS, MARKET, SUPPLY, ECONOMIC CONDITIONS, SURPLUS OF ALLOWANCES, PRICE PROJECTIONS, CARBON TECHNOLOGIES, INTERNATIONAL CREDIT, EMISSIONS REDUCTIONS, COST-BENEFIT, CONVENTION ON CLIMATE CHANGE, ENERGY POLICY, FREE ALLOCATION, DEMAND, CLIMATE CHANGE, MARGINAL ABATEMENT COST, ECONOMIC THEORY, ECONOMIC ACTIVITY, ALLOWANCE PRICE, CARBON PRICES, POWER SECTOR, TRADE SYSTEM, CARBON, ENVIRONMENTAL POLICY, COAL, EMISSION CAP, FORESTS, FUEL PRICES, ALLOWANCE ALLOCATION, EMISSIONS TARGETS, ENERGY CONSUMPTION, VALUE, ALLOWANCES, POLICIES, CLIMATE PROTECTION, POLICY, BANKING OF ALLOWANCES, REGULATORY FRAMEWORK, NUCLEAR POWER, INVESTMENT DECISIONS, ENERGY PRICES, EMISSION REDUCTION, ECONOMIC POLICIES, INCOME HOUSEHOLDS, PRICE, CLIMATE POLICY, AUCTION PROCEEDS, FRAMEWORK CONVENTION ON CLIMATE CHANGE, PRICE VOLATILITY, TAX REVENUES, IMPORTS, NATURAL GAS, COMMODITY MARKETS, BENEFITS, ABATEMENT POTENTIAL, CARBON TAX, CAPS, FORESTRY, ENERGY EFFICIENCY, OFFSET CREDITS, FINANCIAL SUPPORT, CLIMATE, REVENUES, ENVIRONMENTAL POLICIES, ENVIRONMENTAL PROTECTION, CARBON UNITS, FINANCIAL INSTRUMENTS, FINANCIAL COMPENSATION
CARBON FINANCE, ECONOMIC GROWTH, UNCERTAINTIES, ALLOCATION, AUCTION REVENUE, TRANSACTION COSTS, INTERNATIONAL OFFSET, EMISSIONS CAPS, CLIMATE POLICIES, ELECTRICITY PRICES, LAND USE, EMISSIONS, INCOME, INVESTMENTS, EMISSIONS REDUCTION, CLIMATE ECONOMICS, ESTIMATES OF EMISSIONS, DOUBLE DIVIDEND, FREE ALLOWANCES, 320, INCENTIVES, SCENARIOS, ENERGY SAVINGS, AUCTION REVENUES, ALLOWANCE, PUBLIC SPENDING, PRICE SIGNAL, ABATEMENT, COST-BENEFIT ANALYSIS, CARBON ABATEMENT, FRESH WATER, EMISSIONS ALLOWANCES, CLIMATE CHANGE POLICIES, MARGINAL ABATEMENT, USE OF ALLOWANCES, 330, POWER PLANTS, MODELS, ABATEMENT COSTS, ECONOMIC SECTORS, MARKETS, AUCTION, FINANCE, COLORS, COMBUSTION, PRICES, ALLOWANCES TO FIRMS, INTERNATIONAL OFFSETS, ENERGY POLICIES, ALLOWANCE PRICES, OFFSET PROJECTS, ALLOCATION METHODOLOGY, DOMESTIC OFFSET PROJECTS, ENERGY DEMAND, OFFSETS, CARBON PRICE, INTERNATIONAL CREDITS, ELECTRICITY CONSUMPTION, CONSUMPTION, LOWER PRICES, EMISSIONS ABATEMENT, EMISSION REDUCTIONS, ALTERNATIVE SCENARIOS, MARKET, SUPPLY, ECONOMIC CONDITIONS, SURPLUS OF ALLOWANCES, PRICE PROJECTIONS, CARBON TECHNOLOGIES, INTERNATIONAL CREDIT, EMISSIONS REDUCTIONS, COST-BENEFIT, CONVENTION ON CLIMATE CHANGE, ENERGY POLICY, FREE ALLOCATION, DEMAND, CLIMATE CHANGE, MARGINAL ABATEMENT COST, ECONOMIC THEORY, ECONOMIC ACTIVITY, ALLOWANCE PRICE, CARBON PRICES, POWER SECTOR, TRADE SYSTEM, CARBON, ENVIRONMENTAL POLICY, COAL, EMISSION CAP, FORESTS, FUEL PRICES, ALLOWANCE ALLOCATION, EMISSIONS TARGETS, ENERGY CONSUMPTION, VALUE, ALLOWANCES, POLICIES, CLIMATE PROTECTION, POLICY, BANKING OF ALLOWANCES, REGULATORY FRAMEWORK, NUCLEAR POWER, INVESTMENT DECISIONS, ENERGY PRICES, EMISSION REDUCTION, ECONOMIC POLICIES, INCOME HOUSEHOLDS, PRICE, CLIMATE POLICY, AUCTION PROCEEDS, FRAMEWORK CONVENTION ON CLIMATE CHANGE, PRICE VOLATILITY, TAX REVENUES, IMPORTS, NATURAL GAS, COMMODITY MARKETS, BENEFITS, ABATEMENT POTENTIAL, CARBON TAX, CAPS, FORESTRY, ENERGY EFFICIENCY, OFFSET CREDITS, FINANCIAL SUPPORT, CLIMATE, REVENUES, ENVIRONMENTAL POLICIES, ENVIRONMENTAL PROTECTION, CARBON UNITS, FINANCIAL INSTRUMENTS, FINANCIAL COMPENSATION
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).0 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
Citations provided by BIP!Popularity provided by BIP!