Climate Policy

Volume 5, Number 1, 2005

The EU Emissions Trading Scheme

EU emissions trading: navigating between Scylla and Charybdis

Axel Michaelowa and Sonja Butzengeiger.......... 1–9

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The European Union Emissions Trading Scheme (EU ETS)

Rie Watanabe and Guy Robinson.......... 10–14

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Price determinants in the EU emissions trading scheme

A C Christiansen, A Arvanitakis, K Tangen and H Hasselknippe.......... 15–30

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The role of auctions and forward markets in the EU ETS: counterbalancing the cost-inefficiencies of combining generous allocation with a ban on banking

Karl-Martin Ehrhart, Christian Hoppe, Joachim Schleich and Stefan Seifert.......... 31–46

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The cost of sectoral differentiation in the EU emissions trading scheme

Steffen Kallbekken.......... 47–60

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Allocation of carbon emission certificates in the power sector: how generators profit from grandfathered rights

Kim Keats Martinez and Karsten Neuhoff.......... 61–78

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The interaction between the EU emissions trading scheme and national energy policies

Jos Sijm.......... 79–96

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The choice of multiple or single auctions in emissions trading

Svante Mandell.......... 97–107

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Value and risks of expiring carbon credits from afforestation and reforestation projects under the CDM

Michael Dutschke, Bernhard Schlamadinger, Jenny L P Wong and Michael Rumberg.......... 109–125

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Allowance allocation in the European emissions trading system: a commentary

Michael Grubb, Christian Azar and U Martin Persson.......... 127–136

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Business perspectives on the EU emissions trading scheme

Thomas L Brewer.......... 137–144

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