TY - RPRT A1 - Edenhofer, Ottmar A1 - Flachsland, Christian A1 - Marschinski, Robert T1 - Towards a Global CO2 Market : An economic analysis ; Expertise for the Policy Planning Staff in the Federal Foreign Office Y1 - 2007 UR - https://www.pik-potsdam.de/members/flachs/publikationen/towards-a-global-co2-market N1 - Free online Access / Freier online Zugriff: https://www.pik-potsdam.de/members/flachs/publikationen/towards-a-global-co2-market VL - May, 2007 ER - TY - JOUR A1 - Flachsland, Christian A1 - Marschinski, Robert A1 - Jakob, Michael T1 - Sectoral Linking of carbon markets: A trade-theory analysis JF - Resource and Energy Economics N2 - The linking of emission trading systems (ETS) is a widely discussed policy option for future international cooperation on climate change. Benefits are expected from efficiency gains and the alleviation of concerns over competitiveness. However, from trade-theory it is known that due to general equilibrium effects and market distortions, linking may not always be beneficial for all participating countries. Following-up on this debate, we use a Ricardo-Viner type general equilibrium model to study the implications of sectoral linking on carbon emissions (‘leakage’), competitiveness, and welfare. By comparing pre- and post-linking equilibria, we show analytically how global emissions can increase if one of the ‘linked’ countries lacks an economy-wide emissions cap, although in case of a link across idiosyncratic sectors a decrease of emissions (‘anti-leakage’) is also possible. If – as a way to address concerns about competitiveness – a link between the EU ETS and a hypothetical US system is established, the partial emission coverage of the EU ETS can lead to the creation of new distortions between the non-covered domestic and international sector. Finally, we show how the welfare effect from linking can be decomposed into gains-from-trade and terms-of-trade contributions, and how the latter can make the overall effect ambiguous. KW - Linking KW - Emission trading KW - Trade theory KW - Competitiveness KW - Leakage Y1 - 2012 U6 - https://doi.org/10.1016/j.reseneeco.2012.05.005 SN - 1873-0221 VL - 34 IS - 4 SP - 585 EP - 606 PB - Elsevier CY - Mexico ER - TY - CHAP A1 - Flachsland, Christian A1 - Marschinski, Robert A1 - Edenhofer, Ottmar T1 - Developing the international carbon market post-2012: Options and the cost of delay T2 - Global Climate Governance Beyond 2012: Architecture, Agency and Adaptiveness Y1 - 2010 SN - 9780521180924 PB - Cambridge University Press CY - Cambridge ER - TY - JOUR A1 - Flachsland, Christian A1 - Marschinski, Robert A1 - Edenhofer, Ottmar T1 - Global Trading versus Linking: Architectures for international emissions trading JF - Energy Policy Y1 - 2009 VL - 37 SP - 1637 EP - 1647 ER - TY - JOUR A1 - Flachsland, Christian A1 - Marschinski, Robert A1 - Edenhofer, Ottmar T1 - To link or not to link: Benefits and disadvantages of linking cap-and-trade systems JF - Climate Policy Y1 - 2009 IS - 9 SP - 358 EP - 372 ER -