Given that the carbon price in the EU Emissions Trading System is only around 5€/tCO2 while consensus about a more … stringent EU climate policy is very unlikely in the near future, we explore the potential scope and optimal design of additional … national climate policies in the current EU policy framework. In particular, we suggest to implement a type of carbon price …

Three computable general equilibrium models are used to estimate the economic implications of a stylized version of EU …, however, that the distortions introduced by total EU package imply a substantial welfare loss over and above the costs needed …