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We highlight a coordination problem between the EU Emissions Trading System (ETS) and the EU’s offshore energy strategy … production. Using a dynamic model of the EU ETS, we show that the large time gap between announcement and production likely … results in a Green Paradox, where the energy island increases aggregate EU ETS emissions. The mechanism is complicated and …
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Carbon Capture and Storage (CCS) has been identified as an essential part of the lowest-cost path toward reaching the goals of the Paris Agreement. In Europe, an accelerated pace of CCS development indicates that a CO2 transport and storage system could be established by 2030. However, we know...
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