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From 1 January 2005 onwards the European Union has launched the first largescale international carbon emissions trading 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...
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they additional? As the AL is facutally a tax on emission trading, does it cause a significant excess burden? How do the … expected transfers from CDMand AL for a spectrum of emission reduction targets and the full range of AL levels. The paper shows … transfers in the presence of ambitious emission reduction targets, the revenues are not sufficient (e.g. $15 billion for a 30 …
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