EU carbon trading

Countriesdrewupownplans

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Unformatted text preview: every
year
to
return
an
 amount
of
emission
allowances
to
the
 government
that
is
equivalent
to
their
 CO2
emissions
in
that
year.
 “ Trading
Period”
 •  To
control
for
exogenous
shocks
(e.g.,
 weather)
emission
allowances
for
any
plant
 operator
are
given
out
for
a
sequence
of
 several
years
at
once.
 •  Each
such
sequence
of
years
is
called
a
Trading
 Period.

 •  Period
1:
1/2005
to
12/2007;

 •  Period
2:
1/2008‐
12/2012.
 What’s
In
and
What’s
Out?
 Phase
I
(2005‐2007)
 “Caps”
 Cove...
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This note was uploaded on 01/12/2010 for the course ENVS 141 taught by Professor Richard during the Fall '09 term at UCSC.

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