xmlui.ArtifactBrowser.SimpleSearch.filter.source:Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. 46/2019
ISSN:1211-555X (Print)
Abstract:
European Union Emission Trading Scheme (EU ETS) was introduced in EU
countries in the year 2005. Currently, the EU ETS is in operation for more than a
decade; moreover, the European Commission adopted rules for the next 4th trading
period in March 2018. The main goal of this article is to evaluate possible
environmental impacts of EU ETS, mainly the impact of emission allowance price on
the amount of greenhouse gas emissions in the EU28 countries as a whole. For this
goal, (geo)visual analysis of spatial data, correlation and regression analysis are
used. The results of the analysis show that the EU ETS contributes to the reduction of
the amount of greenhouse gas emissions in the EU-28 countries as a whole, due to
emission allowances price and period. Nevertheless, the influence of the way of
emission allowances distribution is crucial for the desirable environmental impact.
The extension of auctioning represents our key recommendation for the EU ETS.