Jasper, Jörg; Twelemann, Sven - In: Zeitschrift für Wirtschaftspolitik 54 (2005) 3, pp. 265-279
Abstract The European carbon emissions trading system has become operative on January 1 st , 2005. By its decision to implement the world′s largest system for tradable emissions permits the EU started an impressive experiment. While emissions trading systems already exist elsewhere (cf....