paper demonstrates that such cost-free allocation, commonly called grandfathering, implies an increase in electricity prices …

. This paper presents a didactic synthesis on the impact of the ETS and argues that such a cost-free allocation will lead to …

paper demonstrates that such cost-free allocation, commonly called grandfathering, implies an increase in electricity prices …

based allocation (Australia, California, New Zealand) and capacity based allocation (EU). This paper characterizes the best … output and capacity based allocation is proved to be the optimal second best policy. The EU scheme for 2013-2020 is discussed …, using cement as a case study. -- cap and trade ; output based allocation ; subsidization of capacity ; climate policy …