Policy makers in the EU and elsewhere are concerned that unilateral carbon pricing induces carbon leakage through … general equilibrium (CGE) model calibrated to empirical data, we quantify the welfare gains for the EU to impose such a …

We investigate the effect of the European Union Emissions Trading System (EU ETS) on the economic performance of … of the nearest neighbor matching suggest that the EU ETS rather had a positive impact on the economic performance of the … regulated firms, especially during the first compliance period. A subsample analysis confirms that EU ETS increased the …

CO2 emissions mandates for new light-duty passenger vehicles have recently been adopted in the European Union (EU …. Tightening CO2 standards further after 2021 would cost the EU economy an additional €24-63 billion in 2025 compared with an …

already regulated by the EU Emissions Trading System (ETS), and in some countries like Germany the phaseout of coal will be … welfare effects across EU member states. For Germany, coal phaseout combined with unilateral cancellation of allowances is …

begin with an aggregated picture of EU27 energy intensity and its evolution between 1995 and 2009. Then we dig deeper and … introduce sectoral detail to identify the economic changes that occurred during the same period. Finally, we disaggregate the EU …

base case we find that the EU implementation of the Kyoto Protocol implies low overall costs and a relatively even cost … marginally but changes the cost distribution significantly, holding total EU emissions constant. …