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The European CO2 emissions market: what has been learned after one year ?

Author

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  • Christian de Perthuis
  • Jean-Christophe Boccon-Gibod

Abstract

[eng] To prepare for the first Kyoto Protocol commitment period (from 2008 to 2012) it decided to set up a European market for trading carbon dioxide by 2005. The volumes traded on this market and the solidity of its institutional foundation rapidly made it the epicentre of the global carbon market. And yet Europe seems reluctant to provide the necessary political support to this innovative new instrument capable of strengthening its position in the international arena. This paper provides an assessment of this market’s functioning and suggests some ways to enable it to protect the climate more effectively. . JEL classification : G1, Q54, Q58

Suggested Citation

  • Christian de Perthuis & Jean-Christophe Boccon-Gibod, 2006. "The European CO2 emissions market: what has been learned after one year ?," Revue d'Économie Financière, Programme National Persée, vol. 83(2), pages 111-127.
    • Handle: RePEc:prs:recofi:ecofi_1767-4603_2006_num_83_2_4426
    DOI: 10.3406/ecofi.2006.4426
    Note: DOI:10.3406/ecofi.2006.4426
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    More about this item

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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