Kettner, Claudia; Köppl, Angela; Schleicher, Stefan - Österreichisches Institut für Wirtschaftsforschung (WIFO) - 2010
The EU Emission Trading Scheme (EU ETS) is a key instrument in European climate policy. Evidence from the first trading period (2005-2007) and the first year of the Kyoto period 2008 dampened, however, ex-ante enthusiasm: because of substantial over-allocation of emissions allowances in the...