Kemfert, Claudia; Kohlhaas, Michael; Truong, Truong Phuoc; … - 2005
reference to the case of Germany. We look at the value of the flexibility gained by trading compared to fixed quotas. The … regional emissions trading scheme, then Germany, Great Britain, and Czech Republic are the main sellers of emissions permits … Germany and other regions. When we take into account the economy-wide and terms of trade effects of emissions trading, however …