The EU Emissions Trading System (EU ETS) is the cornerstone of the European Union's climate policy and covers just under half of the EU's greenhouse gas emissions. More than ten years since the EU ETS was first introduced, there continues to be substantial research interest regarding its...

Das europäische Emissionshandelssystem ist das zentrale Element der EU-Klimapolitik und umfasst knapp die Hälfte der europäischen Treibhausgasemissionen. Mehr als zehn Jahre nach seiner Einführung besteht ein großes Forschungsinteresse an seiner Funktionsfähigkeit und am Verhalten der...

Im April 1999 wurde die ökologische Steuerreform eingeführt. Vor dem Hintergrund dieses 20-jährigen Jubiläums nimmt dieser Wochenbericht eine Bestandsaufnahme der umweltpolitischen Effekte der Reform vor. Aufgrund der geringen Steuersätze war die Lenkungswirkung der Ökosteuer zur...

Carbon leakage is an issue of major interest in both academic and policy debates about the effectiveness of unilateral climate policy addressing global externalities. The debate is particularly salient in Europe, where the EU Emissions TradingSystem (EU ETS) covers emissions of many traded...

Currently, the European Commission intends to increase the EU's 2030 climate target. Instead of a 40 percent target, greenhouse gas emissions would be reduced by 50 to 55 percent compared to 1990 levels; the European Parliament is even considering a 65-percent reduction. The European Emissions...

Aktuell wird eine Anhebung des europäischen Klimaschutzziels für das Jahr 2030 diskutiert. Anstatt um 40 Prozent sollen die Treibhausgas-Emissionen bis 2030 laut Vorschlag der EU-Kommission um 50 bis 55 Prozent im Vergleich zu 1990 sinken. Im Europäischen Parlament wird sogar eine Minderung...

Linking of two or more cap-and-trade systems promises gains in cost effectiveness and signals a strong commitment to carbon policy. Linking is also seen as one possible way of converging from regional climate policy initiatives toward a global climate policy architecture. Moreover, linking may...

This paper tests the independence property under the Coase Theorem in a large multinational cap-and-trade scheme for greenhouse gas emissions, the EU Emissions Trading System (EU ETS). I analyze whether emissions of power producers regulated under the EU ETS are independent from allowance...

Carbon leakage is of interest in both academic and policy debates about the effectiveness of unilateral climate policy, especially in Europe, where the EU Emissions Trading System (EU ETS) affects many traded sectors. We review how the literature identifies leakage and the pollution haven...

We study the effectiveness, spillovers, and well-being effects of low emission zones in Germany, an emission-intensity-based driving restriction rapidly growing in popularity. Using regression discontinuity and group-time difference-in-differences designs, we show that previous estimates of the...