{"id":115834,"date":"2024-01-22T19:46:59","date_gmt":"2024-01-22T18:46:59","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/115834\/"},"modified":"2024-11-07T04:33:43","modified_gmt":"2024-11-07T03:33:43","slug":"etclip-the-challenge-of-the-european-carbon-market-emission-trading-carbon-leakage-and-instruments-to-stabilise-the-co2-price-implications-of-linking-on-leakage","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/115834\/","title":{"rendered":"ETCLIP \u2013 The Challenge of the European Carbon Market: Emission Trading, Carbon Leakage and Instruments to Stabilise the CO2 Price. Implications of Linking on Leakage"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-115834","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"After the climate conferences in Copenhagen and Cancun, it is likely that the EU remains more ambitious regarding greenhouse gas reduction targets than other countries. The possible problem of carbon leakage and instruments to tackle it therefore remains an important issue in the European climate policy debate. The reduction of competitive distortions and carbon leakage induced by different CO2 prices in the EU and important trading partners is one of several reasons for the EU to aim for the establishment of a trading link between the European Emission Trading Scheme (EU ETS) and other domestic or regional emissions trading systems in developed and developing countries. Main reasons for linking include higher cost efficiency to meet a given reduction target as well as improved market liquidity resulting in more robust and stable price signals.","onlinedate":"2011-11-30 01:00:00","lang":"English","publication_series":"","publication_date":"20111101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"18","keywords":"[\"Carbon market\",\"Emissions Trading\",\"Leakage\",\"Linking\"]","jelcodes":"[]","related_publications":"[]","pdf":342537,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"410","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44410],"research_groups":[3655],"collaboration":"","persons":[4433],"persons_data":"[{\"personId\":4433,\"personName\":\"Andreas T\u00fcrk\",\"organisationNames\":[]}]","clients":[10722],"subclients":[],"partners":[8870,64603],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>T\u00fcrk, A.<\\\/span> (2011). <span>ETCLIP \u2013 The Challenge of the European Carbon Market: Emission Trading, Carbon Leakage and Instruments to Stabilise the CO2 Price. Implications of Linking on Leakage<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (410). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/43105\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/43105<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>T\u00fcrk A<\\\/span>. <span class=\\\"title\\\"><span>ETCLIP \u2013 The Challenge of the European Carbon Market: Emission Trading, Carbon Leakage and Instruments to Stabilise the CO2 Price. Implications of Linking on Leakage<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2011 Nov;(410).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{bd021a6fc61c4949ae9a6797769a6fdc,<\\\/div><div>  title    = \\\"ETCLIP \u2013 The Challenge of the European Carbon Market: Emission Trading, Carbon Leakage and Instruments to Stabilise the CO2 Price. Implications of Linking on Leakage\\\",<\\\/div><div>  abstract = \\\"After the climate conferences in Copenhagen and Cancun, it is likely that the EU remains more ambitious regarding greenhouse gas reduction targets than other countries. The possible problem of carbon leakage and instruments to tackle it therefore remains an important issue in the European climate policy debate. The reduction of competitive distortions and carbon leakage induced by different CO2 prices in the EU and important trading partners is one of several reasons for the EU to aim for the establishment of a trading link between the European Emission Trading Scheme (EU ETS) and other domestic or regional emissions trading systems in developed and developing countries. Main reasons for linking include higher cost efficiency to meet a given reduction target as well as improved market liquidity resulting in more robust and stable price signals.\\\",<\\\/div><div>  keywords = \\\"Carbon market, Emissions Trading, Leakage, Linking, Carbon market, Emissions Trading, Leakage, Linking\\\",<\\\/div><div>  author   = \\\"Andreas T{\\\\\\\"u}rk\\\",<\\\/div><div>  year     = \\\"2011\\\",<\\\/div><div>  month    = nov,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - ETCLIP \u2013 The Challenge of the European Carbon Market: Emission Trading, Carbon Leakage and Instruments to Stabilise the CO2 Price. Implications of Linking on Leakage<\\\/p><p>AU  - T\u00fcrk, Andreas<\\\/p><p>PY  - 2011\\\/11<\\\/p><p>Y1  - 2011\\\/11<\\\/p><p>N2  - After the climate conferences in Copenhagen and Cancun, it is likely that the EU remains more ambitious regarding greenhouse gas reduction targets than other countries. The possible problem of carbon leakage and instruments to tackle it therefore remains an important issue in the European climate policy debate. The reduction of competitive distortions and carbon leakage induced by different CO2 prices in the EU and important trading partners is one of several reasons for the EU to aim for the establishment of a trading link between the European Emission Trading Scheme (EU ETS) and other domestic or regional emissions trading systems in developed and developing countries. Main reasons for linking include higher cost efficiency to meet a given reduction target as well as improved market liquidity resulting in more robust and stable price signals.<\\\/p><p>AB  - After the climate conferences in Copenhagen and Cancun, it is likely that the EU remains more ambitious regarding greenhouse gas reduction targets than other countries. The possible problem of carbon leakage and instruments to tackle it therefore remains an important issue in the European climate policy debate. The reduction of competitive distortions and carbon leakage induced by different CO2 prices in the EU and important trading partners is one of several reasons for the EU to aim for the establishment of a trading link between the European Emission Trading Scheme (EU ETS) and other domestic or regional emissions trading systems in developed and developing countries. Main reasons for linking include higher cost efficiency to meet a given reduction target as well as improved market liquidity resulting in more robust and stable price signals.<\\\/p><p>KW  - Carbon market<\\\/p><p>KW  - Emissions Trading<\\\/p><p>KW  - Leakage<\\\/p><p>KW  - Linking<\\\/p><p>KW  - Carbon market<\\\/p><p>KW  - Emissions Trading<\\\/p><p>KW  - Leakage<\\\/p><p>KW  - Linking<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ETCLIP \u2013 The Challenge of the European Carbon Market: Emission Trading, Carbon Leakage and Instruments to Stabilise the CO2 Price. 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