Reducing our final energy demand from fossil fuels is a necessary condition for establishing a more sustainable energy system across the EU. Moreover, it may offer multiple dividends by simultaneously mitigating problems with energy dependency, excessive greenhouse gas emissions, and improving...

Taking account of sinks credits as agreed in Bonn and Marrakech, this paper illustrates how market power could be exerted in the absence of the US ratification under Annex 1 emissions trading and explores the potential implications of the non-competitive supply behavior for the international...