10 (+ 1) INSIGHTS FROM THE EU EMISSIONS TRADING SCHEME

The document outlines ten key insights from the EU Emissions Trading System (EU ETS), arguing that while the system is effective at reducing emissions and has a minimal impact on GDP, its design—particularly regarding allowance allocation and carbon leakage—requires careful calibration to avoid economic inefficiencies and 'windfall profits'. It recommends a phased approach to system improvement and a gradual shift toward auctioning allowances to maximize economic rationality and fund low-carbon innovation.

• Free allocation of allowances can lead to economic inefficiencies and the creation of 'windfall profits' for certain companies, while output-based allocation (as seen in the US Waxman-Markey bill) may reduce such profits but lowers the overall efficiency of achieving targets at minimum cost.

APA

マイケル・グラブ, & ミサト・サトウ (2009). 10 (+ 1) INSIGHTS FROM THE EU EMISSIONS TRADING SCHEME. Climate Strategies. https://climatestrategies.org/wp-content/uploads/2014/11/jpcs-101insights-jpes-131209.pdf

Chicago

マイケル・グラブ, and ミサト・サトウ. 10 (+ 1) INSIGHTS FROM THE EU EMISSIONS TRADING SCHEME. Climate Strategies, 2009. https://climatestrategies.org/wp-content/uploads/2014/11/jpcs-101insights-jpes-131209.pdf.

Wikipedia

{{cite report |last1=マイケル・グラブ |last2=ミサト・サトウ |title=10 (+ 1) INSIGHTS FROM THE EU EMISSIONS TRADING SCHEME |publisher=Climate Strategies |date=November 2009 |url=https://climatestrategies.org/wp-content/uploads/2014/11/jpcs-101insights-jpes-131209.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{2009insights, author = {マイケル・グラブ and ミサト・サトウ}, title = {{10 (+ 1) INSIGHTS FROM THE EU EMISSIONS TRADING SCHEME}}, institution = {Climate Strategies}, year = {2009}, month = nov, url = {https://climatestrategies.org/wp-content/uploads/2014/11/jpcs-101insights-jpes-131209.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }