Lessons from the Evaluation of Existing Emission Trading Schemes

Dear Colleagues,

The European Emission Trading Scheme (ETS) has now been operating for over 10 years and has entered the third phase of development allocating greatly through auctioning and benchmarking. During the three phases of existence, a large amount of knowledge has been gathered as the scheme evolved over time.

China, as the first emerging economy has introduced emission trading in pilot schemes running at a provincial level since 2013, in Beijing, Shanghai, Tianjin, Chongqing and Shenzhen, as well as in Guangdong and Hubei Provinces. Extension to a national level is scheduled for 2017. A variety of different design schemes have been tested in the pilot schemes.

Korea started its emission trading scheme at the beginning of 2015 in its first phase and is looking forward to the scheme evolving further by introducing stronger elements for evaluation of the benchmark allocation.

Other regions of the world, such as Australia and California, have also gathered experience in allowance trading.

This is a timely moment to reflect on the experience with these schemes. This Special Issue will therefore concentrate on Lessons from the Evaluation of Existing Emission Trading Schemes in China, Korea, the European Union and other regions to assist in future design. The core objective of this Special Issue is to align the latest practices, innovation and case studies with academic frameworks and theories, and set a stable framework for the future evaluation of emission trading schemes at a worldwide level.

We, therefore, seek high-quality papers that will contribute significantly to the evaluation of ETS experiences with a focus on methodological development.

Topics appropriate to the theme of this Special Issue, include, but are not limited to:

• Evaluation of the impacts of the European and Chinese Emission Trading Schemes with a focus on both the results and the methodologies, because the latter can strongly influence the messages provided by the evaluation. This may for example consider impacts in terms of emission reduction, cost efficiency or investment and trading behavior.

• Experiences from the design of the existing schemes and converging elements for the future evolutions of emission trading in Europe, China and Korea but possibly also other regions of the world.

• Interaction of ETS with other instruments such as renewable promotion schemes, energy efficiency policies or other climate-related policies.

Prof. Dr. Ying Fan
Prof. Dr. Wolfgang Eichhammer
Guest Editors

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