Research program on the ex-post evaluation of the European CO2 market
This research program provided the first ex-post analysis of the first phase of the European Union Emissions Trading System (EU ETS) (2005-2007).
The research program was conducted from 2007 to 2009 by an international research team which gathered experts from:
- the Center for Energy and Environmental Policy Research (CEEPR) of the Massachusetts Institute of Technology (MIT),
- the University College Dublin (UCD),
- the University Paris-Dauphine
- CDC Climat Research (formerly the Mission Climat of Caisse des Dépôts), in collaboration with the International Energy Agency, the Berlin Öko-Institut and the Paris Centre International de Recherche sur l’Environnement et le Développement (CIRED).
This research program has resulted in the publication of a book, appearing in both English and French, entitled:
-
« Le prix du carbone : les enseignements du système européen d’échange de quotas de CO2 » (Pearson France)
-
“Pricing Carbon: The European Union Emissions Trading Scheme” (Cambridge University Press)
By Denny Ellerman (MIT-CEEPR), Frank Convery (University College Dublin) and Christian de Perthuis (Université Paris-Dauphine, PREC), with the contribution of Emilie Alberola (CDC Climat Research), Barbara K. Buchner (International Energy Agency), Anaïs Delbosc (CDC Climat Research), Cate Hight (CDC Climat Research), Felix C. Matthes (Öko-Institut) and Jan H. Keppler (Paris-Dauphine University).
Four research seminars were held over the three years of the research program during which the interim results were presented. A final conference was organized for the launch of the book summarizing the final results. All materials from these seminars and conference are available below.
Members of the research team on the assessment of the first phase of the European CO2 market present in Paris the 10 February 2010.
From left to right (second row): Jurate Jaraite, Dora Fazekas, Julia Reinaud, Benoît Leguet, Morgan Hervé-Mignucci, Raphaël Trotignon, Philippe Quirion, Anaïs Delbosc, Emilie Alberola, Barry Anderson. From left to right (front row): Barbara Buchner, Frank Convery, Denny Ellerman, Christian de Perthuis, Cate Hight, Neil Walker.