accounting also for the possibilities of purchasing international carbon credits from outside the EU. A computable general … equilibrium model is then used to assess the cost efficiency of current EU climate strategies. Finally, based both on the …

Given the coexistent EU priorities concerning the competitiveness of European industries and international emissions … regulation at the company level, this paper assesses the efficiency and competitiveness implications of linking the EU Emissions … equilibrium approach shows that the aggregate welfare impacts of linking the EU ETS are rather limited. We further find that the …

Emissions Trading Scheme (EU ETS), we show that the degree of efficiency of this market remains largely unchanged over the … period of observation 2008 { 2019. What is more, the EU ETS is found to be more efficient than the US stock market. This … result, surprising as such, is attributable to the large share of well-informed market participants in the EU ETS as well as …

forecasts for the monthly real price of carbon within the EU Emissions Trading Scheme (EU ETS). We aim to uncover supply- and … EU ETS market. Our results are relevant for policymakers and market practitioners interested in quantifying the desired …