Allevi, Elisabetta; Oggioni, Giorgia; Riccardi, Rossana; … - Banca d'Italia - 2013
The European Emissions Trading Scheme (ETS) is a cap and trade system to curb CO2 emissions. It has caused both direct costs (CO2 allowances) and indirect costs (higher electricity prices) to energy-intensive industries. Moreover, as there is no global CO2 agreement, the ETS could distort the...