For any emission trading system (ETS) with quantity-based endogenous supply of allowances, there exists a negative … green paradox for a general model and then apply it to the details of EU ETS. In 2018, new rules for a Market Stability … model disciplined on the price rise in the EU ETS that followed the introduction of the MSR. …

effect arising from unilateral policy under the EU-ETS. Quantifying these risks we find that to be on the "safe side" target … certificates and forming coalitions with other countries is essential to reduce the risk that EU climate policy will renationalize. …

In June 2018, an agreement between key EU institutions - the Commission, the European Parliament, and the European … Council - was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a … comprehensive assessment of the EU package, with its three main targets: lower greenhouse gas emissions, higher renewable share in …

aggregate information. It allows policy makers to modify existing institutions to achieve more efficient emission reductions …

-based technologies (e.g., electric vehicles and heat pumps), thus raising the demand for emission allowances and their price in the … electricity sector. This induces emission reductions in the electricity sectors of the other countries covered under the ETS … separate ETS, as it is planned for the EU. We examine this in a stylized analytical model and use a computable general …

stimulate the sustainable economic development of EU Member States. The ESIF budget is about 90 billion euros annually and ESIF …

testable conditions as to whether a governmental emission-reduction commitment warrants the exploitation of gas, and whether … of the world's emission commitments more difficult to meet. Finally, we apply our results to the case of the US. …