caa a22 4500 445854863 CHVBK 20180317145425.0 cr unu---uuuuu 170323e20110101xx s 000 0 eng 10.1007/s10640-010-9399-9 doi (NATIONALLICENCE)springer-10.1007/s10640-010-9399-9 Abatement and Allocation in the Pilot Phase of the EU ETS [Elektronische Daten] [Barry Anderson, Corrado Di Maria] We use historical industrial emissions data to assess the level of abatement and over-allocation that took place across European countries during the pilot phase (2005-2007) of the European Union Emission Trading Scheme. Using a dynamic panel data model, we estimate the counter factual (business-as-usual) emissions scenario for EU member states. Comparing this baseline to allocated and verified emissions, we find that both over-allocation and abatement occurred, along with under-allocation and emissions inflation. Over the three trading years of the pilot phase we find over-allocation of approximately 280 million EUAs and total abatement of 247 Mt CO2. However, we calculate that emissions inflation of approximately 73 Mt CO2 also occurred, possibly due to uncertainty about future policy design features. Springer Science+Business Media B.V., 2010 Emissions trading scheme nationallicence Climate policy nationallicence Dynamic panel data analysis nationallicence Anderson Barry School of Geography, Planning & Environmental Policy, University College Dublin, Planning Building, Richview, Clonskeagh, Dublin 14, Ireland aut Di Maria Corrado Queen's University Management School, Queen's University Belfast, 25 University Square, BT7 1NN, Belfast, UK aut Environmental and Resource Economics Springer Netherlands 48/1(2011-01-01), 83-103 0924-6460 48:1<83 2011 48 10640 https://doi.org/10.1007/s10640-010-9399-9 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10640-010-9399-9 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Anderson Barry School of Geography, Planning & Environmental Policy, University College Dublin, Planning Building, Richview, Clonskeagh, Dublin 14, Ireland aut NATIONALLICENCE 700 1- Di Maria Corrado Queen's University Management School, Queen's University Belfast, 25 University Square, BT7 1NN, Belfast, UK aut NATIONALLICENCE 773 0- Environmental and Resource Economics Springer Netherlands 48/1(2011-01-01), 83-103 0924-6460 48:1<83 2011 48 10640 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer