@article{Kemfert:331427,
      recid = {331427},
      author = {Kemfert, Claudia and Kohlhaas, Michael and Truong, Truong  and Protsenko, Artem},
      title = {The Environmental and Economic Effects of European  Emissions Trading in Germany},
      address = {2005},
      pages = {22},
      year = {2005},
      note = {Presented at the 8th Annual Conference on Global Economic  Analysis, Lübeck, Germany},
      abstract = {In 2005, the EU introduced an emissions trading system in  order to pursue its Kyoto obligations. This instrument  gives emitters the flexibility to undertake reduction  measures in the most cost-efficient way and mobilizes  market forces for the protection of the earth’s climate. In  this paper, we analyse the effects of emissions trading in  Europe, especially the value of the flexibility gained by  trading compared to fixed quotas. The analysis will be  undertaken with a modified version of the GTAP-E model  using the latest GTAP data base. It is based on the  national allocation plans as submitted to and in most cases  approved by the EU.},
      url = {http://ageconsearch.umn.edu/record/331427},
}