Monjon, Stéphanie; Quirion, Philippe - Université Paris-Dauphine - 2011
The EU ETS has been criticised for threatening the competitiveness of European industry and generating carbon leakage …. Against this background, we develop a model of the main sectors covered by the EU ETS: electricity, steel, cement, and … is based on EU (rather than foreign) specific emissions, or (for some values of the parameters) if it covers only imports …