Artikel 6 des Pariser Abkommens legt drei Ansätze fest, nach denen die Vertragsparteien bei der Erreichung ihrer national festgelegten Beiträge (NDCs) zusammenarbeiten. Einer dieser Ansätze ist ein neuer Mechanismus gemäß Artikel 6.4, der zur Minderung der Treibhausgasemissionen und zur...

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...

The European emissions trading scheme (EU-ETS) for CO2 is the largest existing emissions trading scheme in the world. The main reason for the implementation of this scheme is to reach the European Kyoto targets at minimal cost and to establish a price for emissions. The right to emit CO2...

The European emissions trading scheme (EU-ETS) for CO2 is the largest existing emissions trading scheme in the world. The main reason for the implementation of this scheme is to reach the European Kyoto targets at minimal cost and to establish a price for emissions. The right to emit CO2...

There are many choices within the design of an emissions trading system. In this paper we focus on one specific aspect – the point of regulation for the energy sector. This choice affects transaction costs; comprehensiveness, and hence the amount of emissions covered and the extent to which...

In Deutschland wurden die Emissionsberechtigungen (EB, EUA) für die erste Handels-periode (HP 1) 2005-2007 vollständig gratis zugeteilt. In HP 2 (2008-2012) werden jährlich 40 Millionen Emissionsberechtigungen veräußert (§ 19 ZuG 2012). Nachdem die EB anfänglich durch die...