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041 _afre
042 _adc
100 1 0 _aBernard, Alain
_eauthor
700 1 0 _a Vielle, Marc
_eauthor
700 1 0 _a Viguier, Laurent
_eauthor
245 0 0 _aInitial Simulations of the European Directive on CO2 Emission Quotas Using the GEMINI-E3 Model
260 _c2005.
500 _a92
520 _aThe article assesses the European Directive on CO2 emission quotas using the GEMINI-E3 model. After summarizing the Directive and briefly describing the model, we present and analyze scenarios for different potential allocation rules. While the European quota mechanism creates a single market for eligible firms, it can also cause distortions vis-à-vis other economic sectors in each country. The arrangement does yield a single carbon price for all eligible firms, but a different carbon price for other sectors—with variations from country to country. The resulting excess costs can be significant.
690 _aEuropean Union policy
690 _aKyoto Protocol
690 _ainternational agreements
690 _acomputable general equilibrium model
690 _atradable emission permits
786 0 _nEconomie & prévision | o 169-170-171 | 3 | 2005-10-01 | p. 171-196 | 0249-4744
856 4 1 _uhttps://shs.cairn.info/journal-economie-et-prevision-1-2005-3-page-171?lang=en&redirect-ssocas=7080
999 _c468203
_d468203