Policy makers in the EU and elsewhere are concerned that unilateral carbon pricing induces carbon leakage through … general equilibrium (CGE) model calibrated to empirical data, we quantify the welfare gains for the EU to impose such a …

green paradox for a general model and then apply it to the details of EU ETS. In 2018, new rules for a Market Stability … model disciplined on the price rise in the EU ETS that followed the introduction of the MSR …

According to the Phase IV (2021-2030) rules of the EU ETS, the total amount of emissions permits allocated to firms is …

When it was launched in 2005, the European Union emissions trading system (EU ETS) was projected to have prices of … around €30/ton CO2 and to be a cornerstone of the EU's climate policy. The reality was a cascade of falling prices, a … reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have …

recently revised EU ETS Directive, we then combine a country’s phase-out policy with canceling the permits it formerly used to …

In June 2018, an agreement between key EU institutions – the Commission, the European Parliament, and the European … Council – was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a … comprehensive assessment of the EU package, with its three main targets: lower greenhouse gas emissions, higher renewable share in …