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The EU Emission Trading Scheme (EU ETS) for CO2-emissions from energy and industry installations reflects a paradigm … shift towards market-based in-struments for environmental policy in the EU. The centerpieces of the EU ETS are National …-2012) of the EU ETS. At the macro level, we assess whether the submitted ET-budgets are stringent, and whether they imply a …
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This paper empirically examines price formation in the European Union Emissions Trading Scheme (EU ETS). Our analysis … National Allocation Plans (NAPs) is not instantaneous, but takes up to six hours after the decision announcement. -- EU ETS …
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