Emissions trading systems (ETSs) are emerging around the globe in response to climate change concerns. A severe side effect that may flow from an ETS is carbon leakage, which is generally understood as the shift of production to less regulated jurisdictions as a result of carbon pricing policy,...

With its Industrial Carbon Management Strategy, the European Commission has defined an initial framework for the future promotion of CO2 capture, storage and use in the EU. In particular, negative emission technologies like direct air capture promise to play a key long-term role on the path...

With its communication "Sustainable Carbon Cycles", the European Commission has opened a new chapter in European climate policy. For the first time, natural and artificial CO2 capture and storage technologies are to be covered jointly in an overarching regulatory approach. This article reviews...

Carbon Capture Utilization and Storage (CCUS) stands as a pivotal technology crucial for achieving the most ambitious climate objectives. Despite its prominent inclusion in energy mix projections, its current deployment falls short of the requisite level. Additionally, uncertainties surrounding...

When it was launched in 2005, the European Union emissions trading system (EU ETS) was projected to have prices of around €30/ton CO2 and to be a cornerstone of the EU's climate policy. The reality was a cascade of falling prices, a ballooning privately held emissions bank, and a decade of low...

Carbon Capture and Storage (CCS) in International Energy Policy and Law: Perspectives on Sustainable Development, Climate Change, and Energy Transition fills a void in the current literature. Updated attempts to approach CCS from an international and comparative perspective are rare, if any....

We analyze the price dynamics of European allowances and international carbon credits in the second phase of the European carbon market. We develop and use a model combining fundamental drivers associated with the demand for quotas by installations and risk-return considerations related to the...

The central pillar of European climate policy, the European Emissions Trading System (EU ETS), is currently under scrutiny, as the allowance price is persistently low at around 5€/tCO2. The cap was met and emissions actually declined in recent years, ensuring the environmental effectiveness of...

Waste-to-energy (WtE) is a waste treatment process that incinerates waste to produce energy in the form of electricity and/or heat. WtE is considered one of the most environmentally-friendly methods of dealing with residual waste. The alternative to this process is waste dumping or landfilling,...

Reaching carbon neutrality necessitates radical changes in terms of energy sources and industrial technologies. Some industries such as cement and lime emit significant amounts of process emissions, which will continue to be generated regardless of the type of energy source employed. One way to...