Work detail

Emission Trading – Evaluation of the European Experience

Author: Mgr. Řízková Markéta
Year: 2009 - summer
Leaders: Mgr. Milan Ščasný PhD.
Work type: Doctoral
Language: English
Pages: 102
Awards and prizes:
Abstract: Our aim is to show complex picture and highlight the most discussed features of the
emission trading and especially the functioning of the European System of Emission
Trading (EU ETS) as a representative of the biggest functioning emission trading
system. The key approaches involved in our analysis are both theoretical and
practical. In the theoretical section we compare emission trading and environmental
taxes and we discuss when it is better to regulate by price and when by quantity
instruments. We will discuss the possible allocation methods and especially method
of auctioning as the most theoretically preferred allocation method. The practical
approach will tackle following two aspects: how the emission allowances have been
allocated within the EU ETS in Phase 1 and Phase 2 and what the planned changes
are in post 2012. Finally, we will look at the results of allocation versus emission
during the first trading period in years 2005-2007 and how it might look in the future
in Phase 2 and beyond.
Downloadable: Rigorosus thesis




Patria Finance