000			01852nab a2200205 4500
005			20260520001039.0
008			260224s2008 xxu
245	0	0	_aThe fundamentals of the future international emissions trading system
260			_a _b _cnov. 2008
270			_a23/06/2011 ; 23/06/2011
300			_a15 p. ; 4272-4286
520			_aTranscripción del resumen del autor. The study aims to analyze the sectoral marginal abatements cost curves for a number of EU countries as well as to examine the efficiency aspects and the economic impacts for the major sectors of the ETS under different carbon market configurations in 2010 and 2020. To produce a consistent and realistic assessment, we employ sources such as GHG National Inventories, NAPs and POLES world energy model to constitute the sectoral base year and 2010, 2020 emission levels in different countries and regions. We then use the market analysis tool ASPEN, which enables to derive supply and demand from sectoral MACCs produced with the POLES model, and to evaluate the economic impacts on the carbon market participants. The paper shows that, in compliance with the Kyoto targets, the benefits of an enlarged carbon market are significant, since more than 50% of the abatement in the short term have to be achieved in ETS sectors, which may indeed use CDM or JI credits. A second major conclusion is that in 2020 the new flexibility margins provided by the adjustment of investments in new capacities compensate for the increase in pressure towards stronger emission reductions. This reduces the relative importance of the enlarged carbon market.
581			_a11
773	0		_tEnergy Policy _g36
942			_cARTICULO
100	1		_aStankeviciute, Loreta _950424
100	1		_aKitous, Alban _950425
100	1		_aCriqui, Patrick _950426
999			_c183050 _d183050