Osorio, Sebastian; Pietzcker, Robert Carl; Pahle, Michael; … - 2018
€/tCO2). The waterbed effect and related risks for the EU ETS could be reduced substantially in the mid-term (2030) through … coalition of countries. Germany could even fully alleviate the waterbed effect by cancelling 1.1 GtCO2 of certificates. In the … following two aspects: (1) the price level necessary to reduce emissions to reach the 2030 climate target; and (2) the waterbed …