DOI: 10.1080/14693062.2015.1028319
Scopus记录号: 2-s2.0-84929252423
论文题名: Transfer patterns in Phase I of the EU Emissions Trading System: a first reality check based on cluster analysis
作者: Betz R ; A ; , Schmidt T ; S
刊名: Climate Policy
ISSN: 1469-3062
EISSN: 1752-7457
出版年: 2016
卷: 16, 期: 4 起始页码: 474
结束页码: 495
语种: 英语
英文关键词: account types
; cluster analysis
; Community Independent Transaction Log (CITL) data
; emission trading
; EU ETS
; research agenda
Scopus关键词: cluster analysis
; emissions trading
; environmental economics
; environmental policy
; European Union
; Europe
Scopus学科分类: nvironmental Science: General Environmental Science
; Earth and Planetary Sciences: Atmospheric Science
英文摘要: In 2005, the world's largest Emissions Trading System (ETS) was introduced in the EU. Economic theory assumes high efficiency of such market-based instruments since companies have the flexibility to trade allowances. However, to date there is a lack of understanding on how companies have participated in the allowance markets. This article uses data on transfers of allowances between 2005 and the end of 2007, published by the EU in the Community Independent Transaction Log (CITL) after a five-year delay. We use cluster analysis to detect patterns in the data and differentiate transfer behaviour. We find that the vast majority of participants (7212 accounts) are rather passive in terms of transfers. Of these, more than half are hardly participating in the market at all, whereas one-third are accounts managed by another account belonging to the parent company. Opposed to that, 143 accounts show more active, but relatively diverse transfer behaviour. We also identify differences in sectoral representations, account types, and primary allocation across the seven clusters. While the passive accounts mostly belong to installations regulated under the EU ETS, the most active accounts are classified as ‘non-regulated account type'. © 2015 Taylor & Francis. Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/80370
Appears in Collections: 科学计划与规划
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作者单位: School of Management and Law, Zurich University of Applied Sciences, Gertrudstrasse 15, Winterthur, Switzerland; Centre for Energy and Environmental Markets, UNSW Business School, University of New South Wales, Australia; Department of Humanities, Social and Political Sciences, Energy Politics Group, Swiss Federal Institute of Technology, ETH Zurich, Haldeneggsteig 4, Zurich, Switzerland
Recommended Citation:
Betz R,A,, Schmidt T,et al. Transfer patterns in Phase I of the EU Emissions Trading System: a first reality check based on cluster analysis[J]. Climate Policy,2016-01-01,16(4)