Chaton, Corinne; Creti, Anna; Peluchon, Benoît - Université Paris-Dauphine (Paris IX) - 2015
In this article we focus on the so-called back-loading policy adopted by the European Commission to increase the carbon … to reallocate some or all of them later on. To analyze the impact of the permits back-loading, we determine the CO2 price … shown intertemporally efficient. Second, we point out that the back-loading measure may create inefficiencies or leave …