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Climate-conscious consumers and the buy, bank, burn program

Reyer Gerlagh and Roweno J. R. K. Heijmans ()
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Reyer Gerlagh: Tilburg University
Roweno J. R. K. Heijmans: Tilburg University

Nature Climate Change, 2019, vol. 9, issue 6, 431-433

Abstract: Manipulation of European Union emission trading systems (ETS) by the buy, bank, burn program compensates unregulated emissions while regulated sectors carry a large part of the burden. This distorts the balance between regulated firms and non-regulated projects, so parties outside the EU ETS can be virtuous at the cost of others.

Date: 2019
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DOI: 10.1038/s41558-019-0482-0

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