Air transport is a sector with particularly dynamic emissions growth. The European Union has led the way in climate protection and included aviation in the European Emissions Trading Scheme (EU ETS) in 2012. To support the international process for a global market-based measure to limit...

This report analyses the influence of the Cap and Trade (CaT) system and the electricity market in California along two main questions: How do CaT design features affect the environmental effectiveness of the system and the quality of the carbon price signal? How do electricity market design...