Fuest, Clemens; Meier, Volker - 2021
implemented, the low carbon countries will prefer a lower carbon price, i.e. laxer climate policy at the EU level, than before the … reform. For high carbon countries the opposite is true. As a result, EU climate policy becomes less ambitious and less … emission certificate regulation, and we consider the impact of changes in EU climate policy on the rest of the world as well as …