This paper presents an approach to assess the short to medium-term effects of the Emissions Trading System (ETS), an economic and climate policy instrument aimed at reducing greenhouse gas emissions, on GDP from the expenditure side. The analysis focuses on Serbia’s electricity sector, which relies heavily on lignite-based pro duction dominated by state-owned enterprises. The obtained projections suggest that in the short term, the introduction of an ETS may lead to slower GDP growth compared to official forecasts. However, ...
... introducing the ETS. Eq. (5) is
used to formulate electricity prices for households after introducing the
ETS:
(5) PE':PEJr(LSx C)
E
Where:
PE! is the electricity price after introducing the ETS (E per kWh),
PE is the initial electricity price before introducing the ETS (C per
kWh),
...
... the effects of introducing an ETS in the litera-
ture. Some of them analyze the post-festum effects of ETS introduction,
primarily in the EU (Dechezlepretre et al., 2023), while others examine
its effects on countries and regions that have recently adopted an ETS (Ii
et al., 2022) or have yet ...
... Wang, 2023), ETS price
dynamics (Li et al.., 2019), trade patterns and spillover effects of the EU
ETS in other economies (Bolat et al., 2025), and overall economic
growth (expressed usually as Gross Domestic Product (GDP) growth) to
understand the broader economic implications of ETS implementation ...
Boban Pavlović, Nikola Trtica. "Projecting short to medium-term effects of carbon emissions trading on Serbia's GDP" in Utilities Policy, Elsevier BV (2024). https://doi.org/10.1016/j.jup.2024.101855
