Schäfer, Sebastian - 2018
-induced emission abatement which is not exceeding 6% of total emissions with a maximum already in 2010. Thereafter the ETS has not … demand side effects which lead to excessive allowances. The unilateral flexible cap is based on emission intensities. Using … the works of Newell and Pizer (2008); Sue Wing et al. (2009) we prove in a first step that an intensity-based emission cap …