Evaluating emissions trading as a policy instrument
Marc Gronwald () and
ifo Schnelldienst, 2009, vol. 62, issue 11, 22-25
Emissions trading, currently the main instrument of climate policy in Europe, will continue to gain importance in the future. The particular qualities of the market for CO2 pollution rights differ from other financial markets: numerous decisions on regulatory conditions must be made that have far-reaching effects on trading and consequently on prices. This can lead to price hikes in emissions certificates. As a result there is a particularly great insecurity on this market, which also affects the behaviour of enterprises regarding the avoidance of CO2 emissions and that leads to delays in investments in avoidance technologies.
JEL-codes: Q20 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ces:ifosdt:v:62:y:2009:i:11:p:22-25
Access Statistics for this article
ifo Schnelldienst is currently edited by Marga Jennewein
More articles in ifo Schnelldienst from ifo Institute - Leibniz Institute for Economic Research at the University of Munich Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().