Economics should be open

October 31, 2008

CITL, coverage for the ETS, matching to EPER

Filed under: Carbon Trading, Data Insights, Open Source — Tags: , , , , , — howardchong @ 9:53 pm

This post is a big deal for me because it really pushes me to stay true to open source principles.

So, here’s the deal.
The ETS is the Emissions Trading Scheme, a cap and trade carbon program in Europe.
The CITL is the Community Independent Transaction Log for the ETS.
The EPER is European Pollution Emissions Register (http://eper.eea.europa.eu/eper/) which is a European version of the Toxics Release Inventory in the US, only much better in that it covers more emissions (including CO2).

And, my current project is this 50 hour effort to match records in the CITL to records in the EPER.

What’s the big deal? Well, I’m getting insight into what companies were excluded from the ETS, something that may or may not be well highlighted in the national allocation plans. For all the mandarins running the ETS, could it be that they failed to ensure that countries included all units that should be under the ETS in the ETS? It gets to the question of whether allowances were too high (somewhat, my own sense is that economic activity and weather had something to do with the “over-allocation”).

So, here’s the deal. There’s plenty I want to do with this data and I think there is a small time window to do it. So, if you want to work on this project with my matched database, please write me.

As academia is all about getting credit for what you do, we’d have to talk carefully about credit, etc. But my prior is that any work done would be collaborative and everyone gets to share credit.

If you are a private firm doing proprietary market research (i.e., you wouldn’t want what you do with the data to be public), ask me what info you need, and I’ll probably give it to you, perhaps for a fee or some other trade. This information has a full list of contact information for EUA permit holders.

I’m already telling you too much by telling you that there’s something interesting in the EPER-CITL data matching, but that’s the risk I’m taking. Partly because I think it is more important that good research be done and get out there than that I get total credit.

You comments are deeply appreciated.

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