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      Economic impact assessment of Turkey's post-Kyoto vision on emission trading

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      Author
      Olçum, G. A.
      Yeldan, E.
      Date
      2013
      Source Title
      Energy Policy
      Print ISSN
      0301-4215
      Electronic ISSN
      1873-6777
      Publisher
      Elsevier
      Volume
      60
      Pages
      764 - 774
      Language
      English
      Type
      Article
      Item Usage Stats
      473
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      Abstract
      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.
      Keywords
      Applied general equilibrium modeling
      Climate mitigation policies
      Emission trading systems
      Bilateral trading
      Permalink
      http://hdl.handle.net/11693/20828
      Published Version (Please cite this version)
      http://dx.doi.org/10.1016/j.enpol.2013.05.018
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