Hi,
Chapter 3 of our "Carbon trading: how it works and why it fails" is on
the EU ETS:
http://www.carbontradewatch.org/publications/carbon-trading-how-it-works-and-why-it-fails.html
(this is updated in the new issue, number 45, of the journal Soundings,
which should be out soon:
http://www.lwbooks.co.uk/journals/soundings/contents.html )
It comes from quite a different perspective to Ellerman et al
Ellermann et al. only analyse in depth phase 1 of the ETS, as I recall.
For work that draws on more recent empirical data :
You might want to look at this report from the UK National Audit Office:
http://www.nao.org.uk/publications/0809/eu_emissions_trading_scheme.aspx
Although I wouldn't necessarily recommend their conclusions, Sandbag
have done useful work in linking up CITL (EU ETS) and CDM registries,
reflected in this map:
http://sandbag.org.uk/see
their recent reports, which also look at a few particular companies and
sectors, have quite useful empirical data (which is publicly available
on EU Commission website, though not exactly helpfully formatted there).
The European Environment Agency also offers a tool to visualise data on
ETS emissions:
http://dataservice.eea.europa.eu/PivotApp/pivot.aspx?pivotid=473
The "State and Trends of the Carbon Market" report by the World Bank
tends to have the most comprehensive data on the carbon market as a
market - the 2010 version has a chapter on EU ETS, which is here:
http://www.google.co.uk/url?url=http://siteresources.worldbank.org/INTCARBONFINANCE/Resources/State_and_Trends_of_the_Carbon_Market_2010_low_res.pdf&rct=j&sa=X&ei=kYlgTKujOoqQjAeinYncDQ&ved=0CCEQzgQoATAA&q=world+bank+state+trends&usg=AFQjCNGrWrPauMBdsRCtVL3ADWJtvkdILw&cad=rja
Matthew Paterson wrote:
Mark
The recent book by Denny Ellerman and colleagues Pricing Carbon is probably
your best bet for sometign out this year. Depends slightly what you mean by
empirical of course. That's a standard policy account (effectivness,
efficiency, some of the design issues) written by economists. Skjaerseth and
Wettestad's EU Emissions trading is more political science account of the
policy process and is slightly dated (2008, only covers phases I and II).
Mat
--
Oscar Reyes
Carbon Trade Watch
+34 603 195 676
*** New Book ***
"Carbon Trading: how it works and why it fails"
http://www.carbontradewatch.org/publications/carbon-trading-how-it-works-and-why-it-fails.html
"El Mercado de Emisiones, Cómo Funciona y Por Qué Fracasa"
http://www.carbontradewatch.org/downloads/publications/mercado_de_emisiones.pdf
****************
