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You'd better bet on the ETS

Georg Zachmann ()

Policy Briefs from Bruegel

Abstract: The issue- The European Union's emissions trading system (ETS), introduced in 2005, is the centerpiece of EU decarbonisation efforts and the biggest emissions trading scheme in the world. After a peak in May 2008, the price of ETS carbon allowances started to collapse, and industry, civil society and policymakers began to think about how to ‘repair the ETS’. However, the ETS is an effective and efficient tool to mitigate greenhouse...

Date: 2013-04
New Economics Papers: this item is included in nep-ene and nep-env
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