With the EU 2020 climate and energy package and the 2030 framework, the European Union has set clear objectives to be on track to reduce its greenhouse gas emissions by 80% compared to 1990 levels by 2050. The objective of this work is to conduct a comparable analysis that takes account of EU...

Integrating reduced emissions from deforestation and degradation (REDD) into a post-Kyoto intergovernmental carbon market could significantly decrease global carbon prices and the costs of mitigating climate change. We investigate this impact by simulating the impact of the supply of REDD units...