Keppler, Jan Horst; Cruciani, Michel - In: Energy Policy 38 (2010) 8, pp. 4280-4290
The European Union Emissions Trading Scheme (EU ETS) has imposed a price on the allowances for CO2 emissions of electricity companies. Integrating this allowance price into the price of electricity earns a rent for companies who have received these allowances for free. During Phase I, 2005-2007,...