Gronwald, Marc (ed.); Hintermann, Beat (ed.) - 2015
the European Union Emissions Trading Scheme (EU ETS), begun in 2005, is the largest cap-and-trade market so far … established. In the EU ETS, firms regulated by the scheme are provided with emissions allowances (each a one-time right to emit … volume, leading economists offer empirical and theoretical perspectives on the early phases of the EU ETS implementation …