An overview of current research on EU ETS: Evidence from its operating mechanism and economic effect

Yue Jun Zhang; Yi Ming Wei

doi:10.1016/j.apenergy.2009.12.019

An overview of current research on EU ETS: Evidence from its operating mechanism and economic effect

Yue Jun Zhang, Yi Ming Wei^*

^*Corresponding author for this work

Beijing Institute of Technology

Research output: Contribution to journal › Review article › peer-review

321 Citations (Scopus)

Abstract

The European Union Emissions Trading Scheme (EU ETS) is supposed to be an important mechanism for addressing climate change. Up to now, the theoretical foundation of EU ETS has been widely acknowledged, but empirical research on its current situation has only been published recently or is forthcoming. Therefore, this paper is aimed to summarize the main arguments of empirical studies on the EU ETS, in terms of two aspects, i.e., the operating mechanism and economic effect of the EU ETS, which are two crucial topics and have been attached much attention. Based on the shortcomings of current research and future requirements of the EU ETS evolution, finally, we also present some further directions of the EU ETS research. Overall, the research overview here may be helpful to recognize the features of the EU ETS and its effect on others.

Original language	English
Pages (from-to)	1804-1814
Number of pages	11
Journal	Applied Energy
Volume	87
Issue number	6
DOIs	https://doi.org/10.1016/j.apenergy.2009.12.019
Publication status	Published - Jun 2010

Keywords

Carbon trading market
EU ETS
Kyoto Protocol

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.apenergy.2009.12.019

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abstract = "The European Union Emissions Trading Scheme (EU ETS) is supposed to be an important mechanism for addressing climate change. Up to now, the theoretical foundation of EU ETS has been widely acknowledged, but empirical research on its current situation has only been published recently or is forthcoming. Therefore, this paper is aimed to summarize the main arguments of empirical studies on the EU ETS, in terms of two aspects, i.e., the operating mechanism and economic effect of the EU ETS, which are two crucial topics and have been attached much attention. Based on the shortcomings of current research and future requirements of the EU ETS evolution, finally, we also present some further directions of the EU ETS research. Overall, the research overview here may be helpful to recognize the features of the EU ETS and its effect on others.",

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An overview of current research on EU ETS: Evidence from its operating mechanism and economic effect

Abstract

Keywords

UN SDGs

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