Economic impact assessment of Turkey's post-Kyoto vision on emission trading
MetadataShow full item record
Please cite this item using this persistent URLhttp://hdl.handle.net/11693/20828
For the post-Kyoto period, Turkey strongly emphasizes the establishment of national emission trading system by 2015 and its integration with the EU ETS along its accession process to the EU. In this paper, we study the mechanisms of adjustment and economic welfare consequences of various ETS regimes that Turkey considers to apply by 2020, i.e. regional ETS and international trading within the EU ETS. We conduct our analysis under the current EU 20-20-20 emission target, 20%, and also under its revised version, 30%. We find that Turkey has economic gains from linking with the EU ETS under the 20% cap, in comparison to the domestic ETSs. Despite the EU's welfare loss under linkage in comparison to the case where Turkey has domestic abatement efforts, it still prefers linking as it increases economic well being compared to the case where Turkey does not abate. Under 30% cutback, Turkey has critical output loss under linkage due to high abatement burden on the EU, while the EU is better off as it passes some of its abatement burden to Turkey. Therefore, emission quotas and their allocation across the ETS and non ETS sectors become highly critical in distributing the overall economic gains from bilateral trading. © 2013 Elsevier Ltd.
- Research Paper 7144
Showing items related by title, author, creator and subject.
Jalil, A.; Mahmud, S.F. (2009)This study examines the long-run relationship between carbon emissions and energy consumption, income and foreign trade in the case of China by employing time series data of 1975-2005. In particular the study aims at testing ...
Sözüer, Sibel (Bilkent University, 2012)In this thesis, we consider two problems in the newsvendor setting with multiple inputs, under a carbon emission constraint and non-linear production functions. In the first problem, we assume a strict carbon cap and ...
Market-based environmental regulation in the post-kyoto world : analysis of Turkey's action plan in general equilibrium framework Akın Olçum, Gökçe (Bilkent University, 2012)The purpose of this dissertation is to investigate the economic impacts of Turkey’s environmental regulation based on emission trading schemes in the post-Kyoto world. The dissertation is composed of two main parts. The ...