Towards auctioning the transformation of the European greenhouse gas emissions trading system ; present and future challenges to competition law

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1. Verfasser: Weishaar, Stefan (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Alphen aan den Rijn Kluwer Law International 2009
Schriftenreihe:Climate change law, policy and practice series 2
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adam_text KLUWER LAW INTERNATIONAL TOWARDS AUCTIONING: THE TRANSFORMATION OF THE EUROPEAN GREENHOUSE GAS EMISSIONS TRADING SYSTEM PRESENT AND FUTURE CHALLENGES TO COMPETITION LAW STEFAN WEISHAAR I WOLTERS KLUWER LAW & BUSINESS AUSTIN BOSTON CHICAGO NEW YORK THE NETHERLANDS TABLE OF CONTENTS CHAPTER 1 INTRODUCTION 1 1 BACKGROUND 2 2 RESEARCH QUESTIONS 8 3 RESEARCH METHODOLOGY AND OUTLINE OF THE STUDY 11 CHAPTER 2 ECONOMIC FOUNDATIONS 19 1 INTRODUCTION 19 2 INTRODUCTION TO SOCIAL WELFARE, EFFICIENCY AND THE RELEVANCE OF INITIAL ALLOCATION 20 3 BASIC ECONOMIC INTUITION FOR ABATEMENT AND EMISSION TRADING 29 3.1 WHY ABATEMENT? 30 3.2 WHY EMISSION TRADING? 31 3.3 WHAT IS THE PROBLEM OF INITIAL ALLOCATION? 33 3.3.1 WHY DO WE NEED PRICES? 33 3.3.2 ALLOCATION 34 3.3.3 ENVIRONMENTAL CONSIDERATIONS 36 4 OVERVIEW OF INDUSTRIAL ECONOMICS 36 4.1 INTRODUCTION 36 4.2 OVERVIEW 37 4.3 ECONOMIC MODELS 42 4.3.1 A SIMPLE STATIC MONOPOLY MODEL 42 4.3.2 ABUSE 44 4.3.3 CARTELS 45 4.3.4 MERGER AND ACQUISITION 48 5 SUMMARY 51 VIII TABLE OF CONTENTS CHAPTER 3 ALLOCATIVE EFFICIENCY: A STATIC AND DYNAMIC PERSPECTIVE 53 1 INTRODUCTION 53 2 EMISSION TRADING SYSTEMS 56 3 STATIC CLOSED ECONOMY 59 3.1 STATIC CLOSED ECONOMY MODEL 59 3.2 COMPARISON OF ALLOCATION MECHANISMS AND ALLOCATIVE EFFICIENCY 60 3.2.1 AUCTIONS AS AN ALLOCATION MECHANISM 60 3.2.1.1 AUCTION FORMATS 62 3.2.1.2 MULTIUNIT AUCTIONS 63 3.2.2 ADMINISTRATIVE ALLOCATION MECHANISMS 69 3.2.2.1 FINANCIAL ADMINISTRATIVE ALLOCATION MECHANISMS 69 3.2.2.2 FREE ADMINISTRATIVE ALLOCATION MECHANISMS 70 3.2.2.2.1 GRANDFATHERING 70 3.2.2.2.2 RELATIVE STANDARD BASE MECHANISMS 71 3.3. ENVIRONMENTAL ASPECTS 73 3.4 SUMMARY 76 4 DYNAMIC OPEN ECONOMIC SETTING 77 4.1 THE DYNAMIC OPEN ECONOMY 77 4.2 COMPARISON OF ALLOCATION MECHANISMS AND ALLOCATIVE EFFICIENCY 79 4.2.1 AUCTIONS AS AN ALLOCATION MECHANISM 79 4.2.2 ADMINISTRATIVE ALLOCATION MECHANISM 80 4.2.2.1 FINANCIAL ADMINISTRATIVE ALLOCATION MECHANISMS 80 4.2.2.2 FREE ADMINISTRATIVE ALLOCATION MECHANISMS 81 4.2.2.2.1 GRANDFATHERING 81 4.2.2.2.2 RELATIVE STANDARD BASE MECHANISMS 81 4.3 ENVIRONMENTAL ASPECTS 82 4.3.1 DYNAMIC INTERACTION OF FIRMS AND THE ENVIRONMENT 82 4.3.1.1 OUTSOURCING ABATEMENT 85 4.3.1.2 OUTSOURCING OF PRODUCTION THROUGH MOVEMENTS OF FACTORS OF PRODUCTION 86 4.3.1.3 SUBSTITUTE DOMESTIC GOODS FOR IMPORTED GOODS 87 4.3.2 INITIAL ALLOCATION MECHANISMS AND THE ENVIRONMENT 88 4.3.2.1 AUCTIONS 88 4.3.2.2 - ADMINISTRATIVE ALLOCATION MECHANISMS 89 4.3.2.2.1 FINANCIAL ADMINISTRATIVE ALLOCATION MECHANISMS 90 4.3.2.2.2 FREE ADMINISTRATIVE ALLOCATION MECHANISMS 90 4.3.2.2.2.1 GRANDFATHERING 90 4.3.2.2.2.2 RELATIVE STANDARD BASE MECHANISMS 91 4.4 SUMMARY 92 5 CONCLUSION 93 TABLE OF CONTENTS IX CHAPTER 4 COMPATIBILITY OF ALLOCATION FORMATS AND DIRECTIVE 2003/87/EC 97 1 INTRODUCTION 97 2 ALLOCATION FORMATS UNDER DIRECTIVE 2003/87/EC 98 3 AUCTIONS 101 4 GRANDFATHERING 103 5 PSR 104 6 THE EU ETS AMENDMENT 107 7 CONCLUSION 108 CHAPTER 5 EU EMISSIONS TRADING SYSTEM AND ARTICLES 81 AND 82 111 1 INTRODUCTION 111 2 ECONOMIC PROBLEM 112 2.1 BARRIERS TO ENTRY 112 2.2 ENTRENCHED MARKET SHARES 115 3 LEGAL ANALYSIS 116 3.1 DEVELOPMENT OF THE JURISPRUDENCE 117 3.2 JOINED APPLICATION JURISPRUDENCE TODAY UNDER ARTICLE 81 127 3.2.1 ANALYSIS: THE EU ETS AND ARTICLE 81 EC TREATY 130 3.3 JOINED APPLICATION JURISPRUDENCE TODAY UNDER ARTICLE 82 132 3.3.1 APPLICATION 134 3.4 APPLICABILITY OF ARTICLES 82 AND 86 EC TREATY AGAINST STATE MEASURES 136 3.4.1 APPLICATION 138 4 ECONOMIC APPRAISAL AND SUMMARY 139 5 JOINT APPLICATION POST 2012? 142 CHAPTER 6 EU EMISSIONS TRADING SYSTEM AND STATE AID 145 1 INTRODUCTION 145 2 EUROPEAN STATE AID REGULATION APPLICABLE TO EMISSION TRADING SYSTEMS 146 2.1 THE EXISTENCE OF STATE AID: ARTICLE 87(1) 146 2.1.1 TRANSFER OF A BENEFIT OR AN ADVANTAGE (NOTION OF AID) 147 2.1.2 AID FAVOURING A CERTAIN UNDERTAKING OVER OTHERS (SELECTIVITY PRINCIPLE) 149 2.1.3 GRANTED BY THE STATE OR THROUGH STATE RESOURCES 150 2.1.4 IT SHOULD BE AN UNDERTAKING OR. PRODUCTION 152 2.1.5 DISTORTS OR THREATENS TO DISTORT COMPETITION 152 2.1.6 COMMUNITY DIMENSION: AID WHICH IS CAPABLE OF AFFECTING TRADE BETWEEN MEMBER STATES 153 2.2 DEROGATIONS OF ARTICLE 87(1) 154 2.2.1 ARTICLE 87(3)(B) 157 TABLE OF CONTENTS 2.2.2 ARTICLE 87(3)(C) 158 STATE AID ASSESSMENT OF FREE ALLOCATION MECHANISMS 161 3.1 STATE AID ASSESSMENT OF GRANDFATHERING 161 3.1.1 TRANSFER OF A BENEFIT OR AN ADVANTAGE (NOTION OF AID) 161 3.1.2 AID FAVOURING A CERTAIN UNDERTAKING OVER OTHERS (SELECTIVITY PRINCIPLE) 163 3.1.3 GRANTED BY THE STATE OR THROUGH STATE RESOURCES 164 3.1.3.1 BY THE STATE 164 3.1.3.2 THROUGH MEMBER STATE RESOURCES 165 3.1.4 IT SHOULD BE AN UNDERTAKING OR. PRODUCTION 167 3.1.5 DISTORTS OR THREATENS TO DISTORT COMPETITION 167 3.1.5.1 FIRSTLY, COMPETITIVE DISTORTIONS 167 3.1.5.1.1 BETWEEN INCUMBENT AND NEW ENTERING FIRMS 168 3.1.5.1.2 TRADING SECTORS AND NON-TRADING SECTORS 169 3.1.5.1.3 ANTICOMPETITIVE DISTORTIONS BETWEEN COMPETING FIRMS OF THE SAME MEMBER STATE 170 3.1.5.1.4 BETWEEN TRADING SECTORS 171 3.1.5.2 SECONDLY, DOES IT EXCEED THE DE MINIMIS THRESHOLD? 171 3.1.6 COMMUNITY DIMENSION: AID WHICH IS CAPABLE OF AFFECTING TRADE BETWEEN MEMBER STATES 172 3.1.6.1 COMPATIBLE WITH THE COMMON MARKET 173 3.2 STATE AID ASSESSMENT OF A PSR SYSTEM 174 3.2.1 TRANSFER OF A BENEFIT OR AN ADVANTAGE (NOTION OF AID) 175 3.2.2 AID FAVOURING A CERTAIN UNDERTAKING OVER OTHERS (SELECTIVITY PRINCIPLE) 175 3.2.3 GRANTED BY THE STATE OR THROUGH STATE RESOURCES 176 3.2.3.1 BY THE STATE 176 3.2.3.2 THROUGH STATE RESOURCES 178 3.2.4 IT SHOULD BE AN UNDERTAKING OR. PRODUCTION 181 3.2.5 DISTORTS OR THREATENS TO DISTORT COMPETITION 181 3.2.5.1 FIRSTLY, IS THERE DISTORTION? 182 3.2.5.1.1 BETWEEN INCUMBENT AND NEW ENTERING FIRMS 182 3.2.5.1.2 TRADING SECTORS AND NON-TRADING SECTORS 183 3.2.5.1.3 ANTICOMPETITIVE DISTORTIONS BETWEEN COMPETING FIRMS OF THE SAME MEMBER STATE 183 3.2.5.1.4 BETWEEN TRADING SECTORS 184 TABLE OF CONTENTS XI 3.2.5.2 SECONDLY, DOES IT EXCEED THE DE MINIMIS THRESHOLD? 185 3.2.6 COMMUNITY DIMENSION: AID WHICH IS CAPABLE OF AFFECTING TRADE BETWEEN MEMBER STATES 185 3.2.6.1 COMPATIBLE WITH THE COMMON MARKET 186 3.3 CONCLUSION 187 4 AUCTIONING UNDER THE EU ETS AMENDMENT 189 4.1 AUCTIONS AND COMMISSION INVOLVEMENT 190 4.2 AUCTIONS IN THE THIRD TRADING PHASE 192 4.2.1 TRANSFER OF A BENEFIT OR AN ADVANTAGE (NOTION OF AID) 192 4.2.2 AID FAVOURING A CERTAIN UNDERTAKING OVER OTHERS (SELECTIVITY PRINCIPLE) 193 4.2.3 GRANTED BY THE STATE OR THROUGH STATE RESOURCES 195 4.2.3.1 BY THE STATE 196 4.2.3.2 THROUGH MEMBER STATE RESOURCES 197 4.2.4 IT SHOULD BE AN UNDERTAKING OR. PRODUCTION 197 4.2.5 DISTORTS OR THREATENS TO DISTORT COMPETITION 198 4.2.5.1 BETWEEN INCUMBENT AND NEW ENTERING FIRMS 198 4.2.5.2 TRADING SECTORS AND NON-TRADING SECTORS 198 4.2.5.3 ANTICOMPETITIVE DISTORTIONS BETWEEN COMPETING FIRMS OF THE SAME MEMBER STATE 198 4.2.5.4 BETWEEN TRADING SECTORS 198 4.2.5.5 DOES IT EXCEED THE DE MINIMIS THRESHOLD? 199 4.2.6 COMMUNITY DIMENSION: AID WHICH IS CAPABLE OF AFFECTING TRADE BETWEEN MEMBER STATES 199 5 STATE AID AND DISTORTIONS OF COMPETITION 200 CHAPTER 7 AUCTION DESIGN CHALLENGES 203 1 INTRODUCTION 203 2 BUNDLING 205 3 TIMING 205 4 MARKET STRUCTURE AND TRANSPARENCY 207 5 CONCLUDING REMARKS - 209 CHAPTER 8 FINAL CONCLUSION 211 BIBLIOGRAPHY 221 LIST OF CASES 243 INDEX 249
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Towards auctioning the transformation of the European greenhouse gas emissions trading system ; present and future challenges to competition law Stefan Weishaar
Alphen aan den Rijn Kluwer Law International 2009
XI, 255 S. Ill. 25 cm
txt rdacontent
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Climate change law, policy and practice series 2
Introduction -- Economic foundation -- Allocative efficiency : a static and dynamic perspective -- Compatibility of allocation formats and Directive 2003/87/EC -- EU emissions trading system and Articles 81 and 82 -- EU emissions trading system and state aid --Auction design challenges -- Final conclusion
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Recht
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Emissionsverringerung (DE-588)4113432-1 gnd rswk-swf
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Climate change law, policy and practice series 2 (DE-604)BV036072018 2
GBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018930004&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis
spellingShingle Weishaar, Stefan
Towards auctioning the transformation of the European greenhouse gas emissions trading system ; present and future challenges to competition law
Climate change law, policy and practice series
Europäische Union (DE-588)5098525-5 gnd
Emissions trading / Law and legislation / European Union countries
Emissions trading / Economic aspects / European Union countries
Greenhouse gas mitigation / Law and legislation / European Union countries
Greenhouse gas mitigation / Economic aspects / European Union countries
Recht
Emissions trading Economic aspects European Union countries
Emissions trading Law and legislation European Union countries
Greenhouse gas mitigation Economic aspects European Union countries
Greenhouse gas mitigation Law and legislation European Union countries
Emissionsverringerung (DE-588)4113432-1 gnd
Umweltzertifikathandel (DE-588)4572791-0 gnd
Treibhausgas (DE-588)4438735-0 gnd
Klimaschutz (DE-588)7547705-1 gnd
Wettbewerbsrecht (DE-588)4121924-7 gnd
subject_GND (DE-588)5098525-5
(DE-588)4113432-1
(DE-588)4572791-0
(DE-588)4438735-0
(DE-588)7547705-1
(DE-588)4121924-7
title Towards auctioning the transformation of the European greenhouse gas emissions trading system ; present and future challenges to competition law
title_auth Towards auctioning the transformation of the European greenhouse gas emissions trading system ; present and future challenges to competition law
title_exact_search Towards auctioning the transformation of the European greenhouse gas emissions trading system ; present and future challenges to competition law
title_full Towards auctioning the transformation of the European greenhouse gas emissions trading system ; present and future challenges to competition law Stefan Weishaar
title_fullStr Towards auctioning the transformation of the European greenhouse gas emissions trading system ; present and future challenges to competition law Stefan Weishaar
title_full_unstemmed Towards auctioning the transformation of the European greenhouse gas emissions trading system ; present and future challenges to competition law Stefan Weishaar
title_short Towards auctioning
title_sort towards auctioning the transformation of the european greenhouse gas emissions trading system present and future challenges to competition law
title_sub the transformation of the European greenhouse gas emissions trading system ; present and future challenges to competition law
topic Europäische Union (DE-588)5098525-5 gnd
Emissions trading / Law and legislation / European Union countries
Emissions trading / Economic aspects / European Union countries
Greenhouse gas mitigation / Law and legislation / European Union countries
Greenhouse gas mitigation / Economic aspects / European Union countries
Recht
Emissions trading Economic aspects European Union countries
Emissions trading Law and legislation European Union countries
Greenhouse gas mitigation Economic aspects European Union countries
Greenhouse gas mitigation Law and legislation European Union countries
Emissionsverringerung (DE-588)4113432-1 gnd
Umweltzertifikathandel (DE-588)4572791-0 gnd
Treibhausgas (DE-588)4438735-0 gnd
Klimaschutz (DE-588)7547705-1 gnd
Wettbewerbsrecht (DE-588)4121924-7 gnd
topic_facet Europäische Union
Emissions trading / Law and legislation / European Union countries
Emissions trading / Economic aspects / European Union countries
Greenhouse gas mitigation / Law and legislation / European Union countries
Greenhouse gas mitigation / Economic aspects / European Union countries
Recht
Emissions trading Economic aspects European Union countries
Emissions trading Law and legislation European Union countries
Greenhouse gas mitigation Economic aspects European Union countries
Greenhouse gas mitigation Law and legislation European Union countries
Emissionsverringerung
Umweltzertifikathandel
Treibhausgas
Klimaschutz
Wettbewerbsrecht
Europäische Union. Mitgliedsstaaten
url http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018930004&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
volume_link (DE-604)BV036072018
work_keys_str_mv AT weishaarstefan towardsauctioningthetransformationoftheeuropeangreenhousegasemissionstradingsystempresentandfuturechallengestocompetitionlaw