Alberola, Emilie; Chevallier, Julien - 2014
The price of European Union Allowances (EUAs) has been declining at far lower levels than expected during Phase I (2005 … between 2007 and 2008, which undermined the ability of the EU ETS to provide an efficient price signal for emissions abatement … correct design inefficiencies, and achieve a price pattern leading to effective abatement efforts in Phase II …
