substitutes within the EU Emissions Trading System (EU ETS) for CO2. Firms therefore had a strong incentive to use the cheaper …-related transaction costs, this study examines the use of international offset credits in the EU ETS. It establishes a model of firm … participation in the EU ETS in general, rather than additional participation in the offset trade. …

climate policy addressing global externalities. The debate is particularly salient in Europe, where the EU Emissions … TradingSystem (EU ETS) covers emissions of many traded sectors. In a first step, we review how carbon leakage and the pollution … introduced by the EU ETS has caused carbon leakage in European manufacturing. We compute trade flows in embodied carbon and value …

This paper empirically investigates the effect of the European Emission Trading Scheme (EU ETS) on cross … in areas outside the EU ETS. To study this problem, we employ a model of the firm's investment decision in conjunction … sensitivity to carbon pricing from observed pollution data. This allows to identify the effect of the EU ETS on international …

alongside with the EU ETS. Although more analysis is required on some issues, on others some design options seem clearly …, this obligation should apply when the exported product is registered at the EU border, and not after the end of the year as … products but mostly to basic products. -- Carbon Leakage ; Border Adjustment ; Border Tax Adjustment ; EU ETS ; Competitiveness …

to analyse the implications for the European Union (EU) of including non-CO2 GHG emissions in its cap and trade system …

The central pillar of European climate policy, the European Emissions Trading System (EU ETS), is currently under … political factors and regulatory uncertainty have played a key role in the price decline. As a consequence, any reform of the EU … Market Stability Reserve proposed by the EU Commission is unlikely to address the current problem of price uncertainty and …