Allocation and Related Issues for Post-2012 Phases of the EU ETS

This report provides information on major design options related to the allocation of emissions allowances under the European Union Emissions Trading Scheme (the EU ETS, or "the Scheme"). The report was developed to assist the European Commission in the context of the review of options for the EU ETS after 2012, during the third and subsequent phases of the Scheme. The report covers topics related to allocation alternatives as well as several other issues. All of the material contained here was developed initially as a set of briefing notes for the Commission in 2007. The topics covered in the report are divided into two major categories: (1) assessment criteria and other general features, including cap-setting; and (2) allocation alternatives and issues specifically related to allocation

Interactions of the EU ETS with Green And White Certificate Schemes: European Commission Directorate-General Environment

The European Union Emissions Trading Scheme ('EU ETS') began on 1 January 2005. The implementation of the EU ETS has raised interest in market-based approaches to achieving environmental and related public policy goals in the EU, particularly those related to promotion of renewable energy and energy efficiency. Indeed, national and regional markets in tradable green certificates ('TGCs') and (to a lesser extent) tradable white certificates ('TWCs') already exist. Green certificate schemes are established or proposed in a number of Member States (e.g., Belgium, the Czech Republic, Denmark, France, Italy, the Netherlands, Sweden and the UK) and form part of a growing portfolio of measures to achieve the renewable targets outlined in Directive 2001/77/EC. White certificate schemes are considerably less widespread, although schemes have been established in Italy and the UK and further activity may be stimulated by the Commission proposal on energy services (COM(2003)739). Both the renewables Directive and the energy services proposal envisage the possible evolution and harmonisation of these instruments into EU-wide certificate schemes. This study has two major objectives: -1. Analyse interactions among EU ETS and green/white certificate markets. The first major objective is to describe the interactions between green and white certificate programmes and the EU ETS. -2. Assess implications of interactions for the policy objectives of the EU ETS. The second major objective deals with the implications of green/white certificate programmes for the objectives of the EU ETS

Energy efficiency and trading. Part one: options for increased trading in the energy efficiency commitment (report to the department for environment, food and rural affairs)

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White certificate schemes: Economic analysis and interactions with the EU ETS

This paper examines the economic, environmental and distributional impacts of an idealised tradable white certificate (TWC) scheme and shows how the impacts are modified when the scheme operates in parallel with the EU emissions trading scheme (EU ETS). It uses simple graphical techniques to assess whether a TWC scheme will increase, decrease or have an ambiguous effect on electricity demand, wholesale and retail electricity prices, carbon emissions and investment in energy efficiency, paying particular attention to the interpretation of 'additionality'. Following a comparable analysis of the impact of the EU ETS, the paper examines the implications of introducing a white certificate scheme in a country that is already participating in the EU ETS. It compares the effect of this combination of instruments to that of the EU ETS operating in isolation. It concludes that there is no necessary link between the price of white certificates and marginal cost of energy efficiency investment, the price of electricity or the ability of the suppliers to eliminate free riders from their subsidy schemes. Also, a TWC scheme will make no contribution to reducing global carbon emissions unless and until it leads to a tightening of the EU ETS cap.White certificate schemes Emissions trading Policy interaction

White certificate schemes: Economic analysis and interactions with the EU ETS

This paper examines the economic, environmental and distributional impacts of an idealised tradable white certificate (TWC) scheme and shows how the impacts are modified when the scheme operates in parallel with the EU emissions trading scheme (EU ETS). It uses simple graphical techniques to assess whether a TWC scheme will increase, decrease or have an ambiguous effect on electricity demand, wholesale and retail electricity prices, carbon emissions and investment in energy efficiency, paying particular attention to the interpretation of `additionality