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The upcoming European Emissions Trading Scheme (ETS) is one of the more controversial climate policy instruments. Predictions about its likely impact and its performance can at present only be made to a certain degree. As long as the National Allocations Plans are not finally settled the overall...
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In the past few years permit trading has become a popular policy instrument to achieve emissions reductions or other environmental goals at minimal cost. There are already a number of existing regimes on firm as well as on national level in which permits for SO2, NOX and CO2 emissions but also...
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scenarios do not only differ in their implications for the demand and supply of permits and thus the permit price, but also in … their allocative effects. Most repercussions can be expected to stem from the effects on the world markets for fossil fuel … scenario are to a large degree determined by its effects on world energy demand and world energy prices. Both findings imply …
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