This paper presents a political-economy analysis of allowance allocation in the EU Emissions Trading Scheme (EU ETS). A … emissions regulation. An empirical analysis of the first trading phase of the EU ETS corroborates our theoretical prediction for … lobbying power stand-alone or threats of potential worker layoffs did not exert a significant influence on the EU ETS …

In 2005, an EU-wide emissions trading scheme covering major CO2 producing sites shall come into power. The key … objective of the trading scheme is to promote cost-efficiency of carbon reduction within the EU. We identify policy … EU emissions trading scheme through National Allocation Plans. …

program. As the EU Emissions Trading Scheme (EU-ETS) covers only part of domestic carbon emissions, it implies a hybrid … environmental regulation scheme: Each EU Member State must specify additional domestic abatement policies for the sectors that are … not covered by the emissions trading scheme in order to meet its emissions budget under the EU Burden Sharing Agreement …