European Emission Trading Scheme and competitiveness: A case study on the iron and steel industry
European Emission Trading Scheme and competitiveness: A case study on the iron and steel industry
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DOI：
10.1016/j.eneco.2007.01.020
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发表时间：
2008-07
期刊：
影响因子：
12.8
通讯作者：
D. Demailly;P. Quirion
中科院分区：
文献类型：
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作者：
D. Demailly;P. Quirion
我们量化的影响，欧洲排放交易计划（ETS）的两个方面的竞争力-生产和盈利能力-为钢铁行业。在该计划所涵盖的部门中，这一部门是受影响最大的部门之一，因为它既是二氧化碳密集型部门，又对国际贸易相对开放。我们还研究了这些结果的鲁棒性的各种假设：边际减排成本曲线，贸易和需求弹性，以及通过率和更新的分配规则，其中后两个几乎没有争论。我们的结论是，对于这个部门，竞争力的损失是很小的。我们证明这个结论是稳健的。因此，以竞争力受损为理由而反对在第二期收紧排放交易计划的环保严格程度，是不合理的。我们的系统敏感性分析使我们能够确定每个输出变量的重要假设。事实证明，传递率和更新规则是重要的，尽管在现有的分析中往往是隐含的和最少争论的。
We quantify the impact of the European Emission Trading Scheme (ETS) on the two dimensions of competitiveness – production and profitability – for the iron and steel industry. Among those covered by the scheme, this sector is one of the most exposed, since it is both highly CO2-intensive and relatively open to international trade. We also examine the robustness of these results to various assumptions: marginal abatement cost curve, trade and demand elasticities, as well as pass-through rates and updating of allocation rules, of which the latter two are scarcely debated. We conclude that for this sector, competitiveness losses are small. We prove this conclusion to be robust. Hence arguments against tightening the environmental stringency of the ETS in Phase II are not justified on grounds of competitiveness loss. Our systematic sensitivity analysis allows us to identify the important assumptions for each output variable. It turns out that pass-through rates and updating rules are significant, despite being often implicit and least debated in existing analyses.