There is extreme heterogeneity of firms regulated under the European Emissions Trading Scheme (EU ETS) in terms of … complex technology will face a threshold for evaluating abatement options and costs. We compare the EU ETS to the US SO2 …

) of emissions on companies regulated by the EU Emissions Trading System (EU ETS) in Germany. Based on a unique panel … amount of annual emissions for larger companies which has implications for the economic efficiency of the EU ETS. The most …' of companies. This implies the existence of considerable economies of scale. Overall, the EU ETS could benefit from …