Publication:
The EU ETS Up to 2030: Decoding Auctioning Challenges for Romania

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dc.contributor.authorWorld Bank
dc.date.accessioned2016-04-18T18:22:58Z
dc.date.available2016-04-18T18:22:58Z
dc.date.issued2015-10
dc.description.abstractThis 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/03/26049108/european-union-emissions-trading-system-eu-ets-up-2030-decoding-auctioning-challenges-romania
dc.identifier.doi10.1596/24074
dc.identifier.urihttps://hdl.handle.net/10986/24074
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAUCTION
dc.subjectINCOME HOUSEHOLDS
dc.subjectALLOWANCE
dc.subjectDOMESTIC OFFSET PROJECTS
dc.subjectUNCERTAINTIES
dc.subjectREGULATORY FRAMEWORK
dc.subjectPOWER PLANTS
dc.subjectECONOMIC GROWTH
dc.subjectENVIRONMENTAL PROTECTION
dc.subjectINTERNATIONAL CREDIT
dc.subjectCARBON
dc.subjectINCOME
dc.subjectEMISSIONS
dc.subjectOFFSET PROJECTS
dc.subjectREVENUES
dc.subjectCLIMATE ECONOMICS
dc.subjectAUCTION REVENUE
dc.subjectINCENTIVES
dc.subjectEMISSION REDUCTION
dc.subjectMODELS
dc.subjectPRICE
dc.subjectCARBON ABATEMENT
dc.subjectMARGINAL ABATEMENT
dc.subjectEMISSION REDUCTIONS
dc.subjectCARBON TECHNOLOGIES
dc.subjectELECTRICITY CONSUMPTION
dc.subjectEMISSIONS ABATEMENT
dc.subjectEMISSION CAP
dc.subjectECONOMIC ACTIVITY
dc.subjectAUCTION REVENUES
dc.subjectENERGY POLICIES
dc.subjectTRADE SYSTEM
dc.subjectALTERNATIVE SCENARIOS
dc.subjectALLOWANCE ALLOCATION
dc.subjectSCENARIOS
dc.subjectPRICE PROJECTIONS
dc.subjectDOUBLE DIVIDEND
dc.subjectCLIMATE POLICIES
dc.subjectFREE ALLOWANCES
dc.subjectPOWER SECTOR
dc.subjectPRICE VOLATILITY
dc.subjectALLOWANCES TO FIRMS
dc.subjectBANKING OF ALLOWANCES
dc.subjectFREE ALLOCATION
dc.subjectCONVENTION ON CLIMATE CHANGE
dc.subjectSURPLUS OF ALLOWANCES
dc.subjectMARKETS
dc.subjectFINANCIAL COMPENSATION
dc.subjectFORESTRY
dc.subjectIMPORTS
dc.subjectECONOMIC POLICIES
dc.subjectTAX REVENUES
dc.subjectCAPS
dc.subjectENERGY POLICY
dc.subjectALLOCATION METHODOLOGY
dc.subjectCARBON FINANCE
dc.subjectEMISSIONS REDUCTION
dc.subjectFINANCE
dc.subjectUSE OF ALLOWANCES
dc.subjectALLOWANCE PRICE
dc.subjectLAND USE
dc.subjectEMISSIONS REDUCTIONS
dc.subjectINTERNATIONAL OFFSET
dc.subjectINVESTMENT DECISIONS
dc.subjectENERGY SAVINGS
dc.subjectENERGY CONSUMPTION
dc.subjectCONSUMPTION
dc.subjectCARBON UNITS
dc.subjectFRESH WATER
dc.subjectAUCTION PROCEEDS
dc.subjectPOLICIES
dc.subjectCLIMATE CHANGE
dc.subjectENVIRONMENTAL POLICY
dc.subjectVALUE
dc.subjectEMISSIONS CAPS
dc.subjectCLIMATE
dc.subjectECONOMIC SECTORS
dc.subjectDEMAND
dc.subjectABATEMENT
dc.subjectFORESTS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectCOLORS
dc.subjectABATEMENT POTENTIAL
dc.subjectCARBON PRICE
dc.subjectCOST-BENEFIT
dc.subjectCLIMATE PROTECTION
dc.subjectFUEL PRICES
dc.subjectMARGINAL ABATEMENT COST
dc.subjectALLOWANCE PRICES
dc.subjectTRANSACTION COSTS
dc.subjectMARKET
dc.subjectECONOMIC THEORY
dc.subjectENERGY PRICES
dc.subjectOFFSET CREDITS
dc.subjectPRICE SIGNAL
dc.subjectABATEMENT COSTS
dc.subjectPOLICY
dc.subjectEMISSIONS ALLOWANCES
dc.subjectALLOWANCES
dc.subjectENERGY EFFICIENCY
dc.subjectELECTRICITY PRICES
dc.subjectENERGY DEMAND
dc.subjectNATURAL GAS
dc.subjectCARBON PRICES
dc.subjectINTERNATIONAL CREDITS
dc.subjectCOMBUSTION
dc.subjectEMISSIONS TARGETS
dc.subjectLOWER PRICES
dc.subjectNUCLEAR POWER
dc.subjectCOAL
dc.subjectALLOCATION
dc.subjectSUPPLY
dc.subjectCOMMODITY MARKETS
dc.subjectFINANCIAL SUPPORT
dc.subjectINVESTMENTS
dc.subjectCLIMATE POLICY
dc.subjectOFFSETS
dc.subjectCOST-BENEFIT ANALYSIS
dc.subjectCLIMATE CHANGE POLICIES
dc.subjectINTERNATIONAL OFFSETS
dc.subjectPUBLIC SPENDING
dc.subjectCARBON TAX
dc.subjectFRAMEWORK CONVENTION ON CLIMATE CHANGE
dc.subjectPRICES
dc.subjectECONOMIC CONDITIONS
dc.subjectBENEFITS
dc.subjectENVIRONMENTAL POLICIES
dc.subjectESTIMATES OF EMISSIONS
dc.titleThe EU ETS Up to 2030en
dc.title.subtitleDecoding Auctioning Challenges for Romaniaen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.date.disclosure2016-03-10
okr.date.doiregistration2025-05-07T12:05:43.291094Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Other Environmental Study
okr.docurlhttp://documents.worldbank.org/curated/en/2016/03/26049108/european-union-emissions-trading-system-eu-ets-up-2030-decoding-auctioning-challenges-romania
okr.guid886881468197635028
okr.identifier.externaldocumentum090224b0841ee043_1_0
okr.identifier.internaldocumentum26049108
okr.identifier.report103916
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/03/10/090224b0841ee043/1_0/Rendered/PDF/The0European0U0llenges0for0Romania0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryRomania
okr.sectorPublic Administration, Law, and Justice :: Public administration- Energy and mining
okr.themeEnvironment and natural resource management :: Climate change
okr.themeEnvironment and natural resource management :: Environmental policies and institutions
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicEnvironment::Carbon Policy and Trading
okr.topicEnergy::Energy Production and Transportation
okr.topicEnvironment::Environmental Economics & Policies
okr.unitENR GP ECA (GEN03)
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