Frondel, Manuel; Schmidt, Christoph M.; Vance, Colin - In: Intereconomics : review of European economic policy 47 (2012) 2, pp. 104-111
Under the EU-wide Emission Trading Scheme (ETS), CO2 allowances have thus far been allocated largely free of charge. This paper presents a didactic synthesis on the impact of the ETS and argues that such a cost-free allocation will lead to an increase in electricity prices even when strong...
