The EU ETS Up to 2030 : Decoding Auctioning Challenges for Romania
This report presents some figures exploring the way Romanian installations have been operating under the European Union Emissions Trading System (EU ETS). At the request of the Government of Romania, a two-year Reimbursable Advisory Services (RAS)...
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| Format: | Report |
| Language: | English en_US |
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Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/03/26049108/european-union-emissions-trading-system-eu-ets-up-2030-decoding-auctioning-challenges-romania http://hdl.handle.net/10986/24074 |
| id |
okr-10986-24074 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AUCTION INCOME HOUSEHOLDS ALLOWANCE DOMESTIC OFFSET PROJECTS UNCERTAINTIES REGULATORY FRAMEWORK POWER PLANTS ECONOMIC GROWTH ENVIRONMENTAL PROTECTION INTERNATIONAL CREDIT CARBON INCOME EMISSIONS OFFSET PROJECTS REVENUES CLIMATE ECONOMICS AUCTION REVENUE INCENTIVES EMISSION REDUCTION MODELS PRICE CARBON ABATEMENT MARGINAL ABATEMENT EMISSION REDUCTIONS CARBON TECHNOLOGIES ELECTRICITY CONSUMPTION EMISSIONS ABATEMENT EMISSION CAP ECONOMIC ACTIVITY AUCTION REVENUES ENERGY POLICIES TRADE SYSTEM ALTERNATIVE SCENARIOS ALLOWANCE ALLOCATION SCENARIOS PRICE PROJECTIONS DOUBLE DIVIDEND CLIMATE POLICIES FREE ALLOWANCES POWER SECTOR PRICE VOLATILITY ALLOWANCES TO FIRMS BANKING OF ALLOWANCES FREE ALLOCATION CONVENTION ON CLIMATE CHANGE SURPLUS OF ALLOWANCES MARKETS FINANCIAL COMPENSATION FORESTRY IMPORTS ECONOMIC POLICIES TAX REVENUES CAPS ENERGY POLICY ALLOCATION METHODOLOGY CARBON FINANCE EMISSIONS REDUCTION FINANCE USE OF ALLOWANCES ALLOWANCE PRICE LAND USE EMISSIONS REDUCTIONS INTERNATIONAL OFFSET INVESTMENT DECISIONS ENERGY SAVINGS ENERGY CONSUMPTION CONSUMPTION CARBON UNITS FRESH WATER AUCTION PROCEEDS POLICIES CLIMATE CHANGE ENVIRONMENTAL POLICY VALUE EMISSIONS CAPS CLIMATE ECONOMIC SECTORS DEMAND ABATEMENT FORESTS FINANCIAL INSTRUMENTS COLORS ABATEMENT POTENTIAL CARBON PRICE COST-BENEFIT CLIMATE PROTECTION FUEL PRICES MARGINAL ABATEMENT COST ALLOWANCE PRICES TRANSACTION COSTS MARKET ECONOMIC THEORY ENERGY PRICES OFFSET CREDITS PRICE SIGNAL ABATEMENT COSTS POLICY EMISSIONS ALLOWANCES ALLOWANCES ENERGY EFFICIENCY ELECTRICITY PRICES ENERGY DEMAND NATURAL GAS CARBON PRICES INTERNATIONAL CREDITS COMBUSTION EMISSIONS TARGETS LOWER PRICES NUCLEAR POWER COAL ALLOCATION SUPPLY COMMODITY MARKETS FINANCIAL SUPPORT INVESTMENTS CLIMATE POLICY OFFSETS COST-BENEFIT ANALYSIS CLIMATE CHANGE POLICIES INTERNATIONAL OFFSETS PUBLIC SPENDING CARBON TAX FRAMEWORK CONVENTION ON CLIMATE CHANGE PRICES ECONOMIC CONDITIONS BENEFITS ENVIRONMENTAL POLICIES ESTIMATES OF EMISSIONS |
| spellingShingle |
AUCTION INCOME HOUSEHOLDS ALLOWANCE DOMESTIC OFFSET PROJECTS UNCERTAINTIES REGULATORY FRAMEWORK POWER PLANTS ECONOMIC GROWTH ENVIRONMENTAL PROTECTION INTERNATIONAL CREDIT CARBON INCOME EMISSIONS OFFSET PROJECTS REVENUES CLIMATE ECONOMICS AUCTION REVENUE INCENTIVES EMISSION REDUCTION MODELS PRICE CARBON ABATEMENT MARGINAL ABATEMENT EMISSION REDUCTIONS CARBON TECHNOLOGIES ELECTRICITY CONSUMPTION EMISSIONS ABATEMENT EMISSION CAP ECONOMIC ACTIVITY AUCTION REVENUES ENERGY POLICIES TRADE SYSTEM ALTERNATIVE SCENARIOS ALLOWANCE ALLOCATION SCENARIOS PRICE PROJECTIONS DOUBLE DIVIDEND CLIMATE POLICIES FREE ALLOWANCES POWER SECTOR PRICE VOLATILITY ALLOWANCES TO FIRMS BANKING OF ALLOWANCES FREE ALLOCATION CONVENTION ON CLIMATE CHANGE SURPLUS OF ALLOWANCES MARKETS FINANCIAL COMPENSATION FORESTRY IMPORTS ECONOMIC POLICIES TAX REVENUES CAPS ENERGY POLICY ALLOCATION METHODOLOGY CARBON FINANCE EMISSIONS REDUCTION FINANCE USE OF ALLOWANCES ALLOWANCE PRICE LAND USE EMISSIONS REDUCTIONS INTERNATIONAL OFFSET INVESTMENT DECISIONS ENERGY SAVINGS ENERGY CONSUMPTION CONSUMPTION CARBON UNITS FRESH WATER AUCTION PROCEEDS POLICIES CLIMATE CHANGE ENVIRONMENTAL POLICY VALUE EMISSIONS CAPS CLIMATE ECONOMIC SECTORS DEMAND ABATEMENT FORESTS FINANCIAL INSTRUMENTS COLORS ABATEMENT POTENTIAL CARBON PRICE COST-BENEFIT CLIMATE PROTECTION FUEL PRICES MARGINAL ABATEMENT COST ALLOWANCE PRICES TRANSACTION COSTS MARKET ECONOMIC THEORY ENERGY PRICES OFFSET CREDITS PRICE SIGNAL ABATEMENT COSTS POLICY EMISSIONS ALLOWANCES ALLOWANCES ENERGY EFFICIENCY ELECTRICITY PRICES ENERGY DEMAND NATURAL GAS CARBON PRICES INTERNATIONAL CREDITS COMBUSTION EMISSIONS TARGETS LOWER PRICES NUCLEAR POWER COAL ALLOCATION SUPPLY COMMODITY MARKETS FINANCIAL SUPPORT INVESTMENTS CLIMATE POLICY OFFSETS COST-BENEFIT ANALYSIS CLIMATE CHANGE POLICIES INTERNATIONAL OFFSETS PUBLIC SPENDING CARBON TAX FRAMEWORK CONVENTION ON CLIMATE CHANGE PRICES ECONOMIC CONDITIONS BENEFITS ENVIRONMENTAL POLICIES ESTIMATES OF EMISSIONS World Bank The EU ETS Up to 2030 : Decoding Auctioning Challenges for Romania |
| geographic_facet |
Europe and Central Asia Romania |
| description |
This report presents some figures
exploring the way Romanian installations have been operating
under the European Union Emissions Trading System (EU ETS).
At the request of the Government of Romania, a two-year
Reimbursable Advisory Services (RAS) Program on climate
change and low-carbon green growth was launched by the World
Bank in July 2013. The RAS project focuses on
operationalizing Romania’s national climate change strategy
and action plan, identifying and integrating climate-related
actions in new operational programs, building a solid
analytical base for impact assessments and climate-related
decision making, and enhancing climate-friendly practices
and monitoring systems. Component D aims at supporting the
Government institutions in implementing, monitoring, and
evaluating climate change actions and sharing their
experiences. In this context, the present report provides a
background overview and analysis on EU Emissions Trading
System (EU ETS) in general, as well as on the participation
and compliance of Romanian EU ETS installations. A number of
ETSs have been implemented to curb air pollution, in
particular greenhouse gas (GHG) emissions, in order to
mitigate climate change. The EU ETS was proposed in 2001 by
the European Commission to help EU countries meet their
national commitments under the Kyoto Protocol. The choices
in the allocation process made by European Member States
since the inception of the EU ETS in 2005 have modified the
way the “carbon rent” created through allocation is
distributed among economic players, industries, utilities,
but also governments and indirectly citizens and tax payers.
In parallel, European governments have committed to report
on their use of auction revenues and to dedicate at least
half of them to climate-related policies. In particular, the
changes in the allocation process raise questions regarding
their impact on European competitiveness. Because European
industries are already fighting to keep market shares on the
international market, it is often feared that an additional
constraint, through carbon pricing, would make their playing
field even less leveled. Member States thus have to consider
a number of parameters in their use of auction revenues. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
The EU ETS Up to 2030 : Decoding Auctioning Challenges for Romania |
| title_short |
The EU ETS Up to 2030 : Decoding Auctioning Challenges for Romania |
| title_full |
The EU ETS Up to 2030 : Decoding Auctioning Challenges for Romania |
| title_fullStr |
The EU ETS Up to 2030 : Decoding Auctioning Challenges for Romania |
| title_full_unstemmed |
The EU ETS Up to 2030 : Decoding Auctioning Challenges for Romania |
| title_sort |
eu ets up to 2030 : decoding auctioning challenges for romania |
| publisher |
Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/03/26049108/european-union-emissions-trading-system-eu-ets-up-2030-decoding-auctioning-challenges-romania http://hdl.handle.net/10986/24074 |
| _version_ |
1764455572338376704 |
| spelling |
okr-10986-240742021-04-23T14:04:19Z The EU ETS Up to 2030 : Decoding Auctioning Challenges for Romania World Bank AUCTION INCOME HOUSEHOLDS ALLOWANCE DOMESTIC OFFSET PROJECTS UNCERTAINTIES REGULATORY FRAMEWORK POWER PLANTS ECONOMIC GROWTH ENVIRONMENTAL PROTECTION INTERNATIONAL CREDIT CARBON INCOME EMISSIONS OFFSET PROJECTS REVENUES CLIMATE ECONOMICS AUCTION REVENUE INCENTIVES EMISSION REDUCTION MODELS PRICE CARBON ABATEMENT MARGINAL ABATEMENT EMISSION REDUCTIONS CARBON TECHNOLOGIES ELECTRICITY CONSUMPTION EMISSIONS ABATEMENT EMISSION CAP ECONOMIC ACTIVITY AUCTION REVENUES ENERGY POLICIES TRADE SYSTEM ALTERNATIVE SCENARIOS ALLOWANCE ALLOCATION SCENARIOS PRICE PROJECTIONS DOUBLE DIVIDEND CLIMATE POLICIES FREE ALLOWANCES POWER SECTOR PRICE VOLATILITY ALLOWANCES TO FIRMS BANKING OF ALLOWANCES FREE ALLOCATION CONVENTION ON CLIMATE CHANGE SURPLUS OF ALLOWANCES MARKETS FINANCIAL COMPENSATION FORESTRY IMPORTS ECONOMIC POLICIES TAX REVENUES CAPS ENERGY POLICY ALLOCATION METHODOLOGY CARBON FINANCE EMISSIONS REDUCTION FINANCE USE OF ALLOWANCES ALLOWANCE PRICE LAND USE EMISSIONS REDUCTIONS INTERNATIONAL OFFSET INVESTMENT DECISIONS ENERGY SAVINGS ENERGY CONSUMPTION CONSUMPTION CARBON UNITS FRESH WATER AUCTION PROCEEDS POLICIES CLIMATE CHANGE ENVIRONMENTAL POLICY VALUE EMISSIONS CAPS CLIMATE ECONOMIC SECTORS DEMAND ABATEMENT FORESTS FINANCIAL INSTRUMENTS COLORS ABATEMENT POTENTIAL CARBON PRICE COST-BENEFIT CLIMATE PROTECTION FUEL PRICES MARGINAL ABATEMENT COST ALLOWANCE PRICES TRANSACTION COSTS MARKET ECONOMIC THEORY ENERGY PRICES OFFSET CREDITS PRICE SIGNAL ABATEMENT COSTS POLICY EMISSIONS ALLOWANCES ALLOWANCES ENERGY EFFICIENCY ELECTRICITY PRICES ENERGY DEMAND NATURAL GAS CARBON PRICES INTERNATIONAL CREDITS COMBUSTION EMISSIONS TARGETS LOWER PRICES NUCLEAR POWER COAL ALLOCATION SUPPLY COMMODITY MARKETS FINANCIAL SUPPORT INVESTMENTS CLIMATE POLICY OFFSETS COST-BENEFIT ANALYSIS CLIMATE CHANGE POLICIES INTERNATIONAL OFFSETS PUBLIC SPENDING CARBON TAX FRAMEWORK CONVENTION ON CLIMATE CHANGE PRICES ECONOMIC CONDITIONS BENEFITS ENVIRONMENTAL POLICIES ESTIMATES OF EMISSIONS This report presents some figures exploring the way Romanian installations have been operating under the European Union Emissions Trading System (EU ETS). At the request of the Government of Romania, a two-year Reimbursable Advisory Services (RAS) Program on climate change and low-carbon green growth was launched by the World Bank in July 2013. The RAS project focuses on operationalizing Romania’s national climate change strategy and action plan, identifying and integrating climate-related actions in new operational programs, building a solid analytical base for impact assessments and climate-related decision making, and enhancing climate-friendly practices and monitoring systems. Component D aims at supporting the Government institutions in implementing, monitoring, and evaluating climate change actions and sharing their experiences. In this context, the present report provides a background overview and analysis on EU Emissions Trading System (EU ETS) in general, as well as on the participation and compliance of Romanian EU ETS installations. A number of ETSs have been implemented to curb air pollution, in particular greenhouse gas (GHG) emissions, in order to mitigate climate change. The EU ETS was proposed in 2001 by the European Commission to help EU countries meet their national commitments under the Kyoto Protocol. The choices in the allocation process made by European Member States since the inception of the EU ETS in 2005 have modified the way the “carbon rent” created through allocation is distributed among economic players, industries, utilities, but also governments and indirectly citizens and tax payers. In parallel, European governments have committed to report on their use of auction revenues and to dedicate at least half of them to climate-related policies. In particular, the changes in the allocation process raise questions regarding their impact on European competitiveness. Because European industries are already fighting to keep market shares on the international market, it is often feared that an additional constraint, through carbon pricing, would make their playing field even less leveled. Member States thus have to consider a number of parameters in their use of auction revenues. 2016-04-18T18:22:58Z 2016-04-18T18:22:58Z 2015-10 Report http://documents.worldbank.org/curated/en/2016/03/26049108/european-union-emissions-trading-system-eu-ets-up-2030-decoding-auctioning-challenges-romania http://hdl.handle.net/10986/24074 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Other Environmental Study Europe and Central Asia Romania |