the European Union (EU). For this purpose we use linked applied general equilibrium models (AGE) for eleven EU member …, employment and inflation in member countries, and the cost and benefits of a cooperative approach to adhere to a EU target of … quantify the economic impact for the, EU by introducing a EU-wide tradable permit system, free of charge and based on the …

impacts on the EU. The methodological framework used is based on a multi-country and multi-sectoral computable general … equilibrium model for eleven EU-member states. The emphasis of the analysis lies on the institutional setting of a carbon dioxide … findings of the paper can be summarized as follows: 1) There is some potential for a double dividend in the EU. 2) Coordination …

amounts of "abundantʺ emission rights. Concerns on hot air motivated proposals for caps on emissions trading by the EU. These …

base case we find that the EU implementation of the Kyoto Protocol implies low overall costs and a relatively even cost … marginally but changes the cost distribution significantly, holding total EU emissions constant. …

magnitude and distribution of abatement costs across EU countries vis-à-vis a comprehensive EU emission trading regime. We find … permit trade enhances the secondary terms-of-trade benefits to EU member countries with low marginal abatement costs at the … expense of the other EU member states. …