Demailly, Damien; Quirion, Philippe - HAL - 2006
A recurrent concern raised by the European GHG Emissions Trading System (ETS) is the fear of EU industry …-based allocation", it is proportional to its current production level. Whereas almost all the quantitative assessments of the EU ETS … levels and EBITDA is insignificant, abatement in the EU is much lower but there is almost no leakage. Policy needs to …