Kemfert, Claudia; Schneider, Friedrich - In: Perspektiven der Wirtschaftspolitik 10 (2009) 1, pp. 92-122
Europe has implemented in the year 2005 an emissions trading system in order to fulfill the Kyoto emissions reduction targets. In principle, the instrument should be a cost-efficient measure of climate protection. But within the first implementation phase because of a over-allocation of...
