Convery, Frank J.; Redmond, Luke - In: Annual Review of Resource Economics 5 (2013) 1, pp. 301-324
In 2008, the European Union established what seemed like an ambitious cap (−21% from 2005 levels) for the third phase (2013–2020) of the European Union Emissions Trading Scheme (EU ETS). Ex ante modeling—which took account of the reductions in emissions resulting from meeting the...
