Taran Fæhn*, Karl Jacobsen*, and Birger Strøm

Figure 1: Estimated emissions/allowance prices in the calculations, 2004 prices, NOK/ metric tonne CO₂ equivalents


Impact on domestic emissions and allowance trading

the EU-ETS quota price brings about a domestic mitigation of 3 million tonnes of CO2 equivalents within 2020. The dominant part takes place, as expected in the EU-ETS sector. At this level of domestic abatement, technological measures account for about a third.

The allowance buyers’ share of the costs stands at about 90 per cent. Figure 1 sums up the allowance purchases split into EU-ETS allowances (blue) and green mechanisms (red), respectively. The drop in purchases in the European market from 2012 to 2013 is due to the inclusion of more industries combined with continuously increasing prices.