The EU Emission Trading System – the Aftermath Cover Image

Systém obchodovania s emisiami na pôde EÚ – následky
The EU Emission Trading System – the Aftermath

Author(s): Ingeborg Němcová, Barbora Vondrušková, Jiří Horák
Subject(s): Politics / Political Sciences
Published by: Univerzita Mateja Bela
Keywords: EU ETS; climate and energy package; market-oriented instrument; emission trading; carbon tax; carbon price; carbon leakage energy prices; coal Prices; Emission Allowance Price; Climate Change

Summary/Abstract: This article represents the final output of the IGA project: “Energetika a evropský systém obchodování s emisemi” (“Energy industry and the European system of emission trading”). Similarly to the two previous articles, it concerns one of the primary challenges of the European Union – global, economically and environmentally sustainable growth that is nowadays jeopardised by climate change caused by increasing concentration of greenhouse gasses in the atmosphere. Nevertheless, the article itself is conceived to be more general in order to fulfil the primary goal of the project, i.e. to present expert estimation of costs and determine main economic impacts of the reduction commitment under the conditions of the Czech economy, and indicate its possible influence on the on-going liberalisation of the energy market. The article builds both on the most important liberalisation trends and on the model outputs of the two previous articles. The authors’ objective in this article is to provide qualified basic argumentation concerning mentioned conclusions and thus contribute to actual, very intensive and open discussion on this topic.

  • Issue Year: 14/2011
  • Issue No: 4
  • Page Range: 116-129
  • Page Count: 14
  • Language: English