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

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dc.citation.epage774en_US
dc.citation.spage764en_US
dc.citation.volumeNumber60en_US
dc.contributor.authorOlçum, G. A.en_US
dc.contributor.authorYeldan, E.en_US
dc.date.accessioned2016-02-08T09:36:04Z
dc.date.available2016-02-08T09:36:04Z
dc.date.issued2013en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractFor 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.en_US
dc.description.provenanceMade available in DSpace on 2016-02-08T09:36:04Z (GMT). No. of bitstreams: 1 bilkent-research-paper.pdf: 70227 bytes, checksum: 26e812c6f5156f83f0e77b261a471b5a (MD5) Previous issue date: 2013en
dc.identifier.doi10.1016/j.enpol.2013.05.018en_US
dc.identifier.eissn1873-6777
dc.identifier.issn0301-4215
dc.identifier.urihttp://hdl.handle.net/11693/20828
dc.language.isoEnglishen_US
dc.publisherElsevieren_US
dc.relation.isversionofhttp://dx.doi.org/10.1016/j.enpol.2013.05.018en_US
dc.source.titleEnergy Policyen_US
dc.subjectApplied general equilibrium modelingen_US
dc.subjectClimate mitigation policiesen_US
dc.subjectEmission trading systemsen_US
dc.subjectBilateral tradingen_US
dc.titleEconomic impact assessment of Turkey's post-Kyoto vision on emission tradingen_US
dc.typeArticleen_US

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