Under European Union proposals for CO2 emission reduction between 2013 and 2020, a Member State can transfer to another Member State the right to use its unused Clean Development Mechanism ('CDMs') credits. The paper addresses three issues in relation to these CDM Warrants ('CDMW'). First, how...

Under 2013 to 2020 European Union proposals for CO2 emission reduction, a Member State can transfer to another Member State 'part' of their allowed emission allocation in the non-Emission Trading Sector ('ETS'). The paper addresses three questions in relation to these Transfer Emission Units or...

Under 2013 to 2020 European Union proposals for CO2 emission reduction, a Member State can transfer to another Member State ‘part’ of their allowed emission allocation in the non-Emission Trading Sector (“ETS”). The paper addresses three questions in relation to these Transfer Emission...

Under European Union proposals for CO2 emission reduction between 2013 and 2020, a Member State can transfer to another Member State the right to use its unused Clean Development Mechanism (“CDMs”) credits. The paper addresses three issues in relation to these CDM Warrants (“CDMW”)....

In this paper, we study the impact of energy taxes and the EU ETS on a large number of firms in Europe between 1996 and 2007. Using company level micro-data, we examine how firms in different sectors were affected by environmental policies. Aspects of behaviour and performance studied include...

This paper sets out a methodology for updating an economic appraisal model to ensure that it takes appropriate account of costs arising from greenhouse gas emissions. While the analysis is based on the appraisal model used in Ireland, it should be broadly applicable to circumstances in any EU...

The current EU proposal on greenhouse gas emission reduction has 28 targets for 2020: an EU-wide one for carbon dioxide emissions covered by the European Trading System, and one target for non-ETS emission per Member State. Implementation is necessarily more expensive than needed. I consider...

The European Commission did not publish a cost-benefit analysis for its 2020 climate package. This paper fills that gap, comparing the marginal costs and benefits of greenhouse gas emission reduction. The uncertainty about the marginal costs of climate change is large and skewed, and estimates...