In virtually all EU Member States, the EU Emissions Trading Scheme (EU ETS) is complemented by support schemes for electricity generation from renewable energy sources (RES-E). This policy mix has been subject to strong criticism. It is mainly argued that RES-E schemes contribute nothing to...

For years, humans have been trying to stabilize the world's environment by lowering the amount of greenhouse gases that their societies pump into the air. In 1992, this approach was even incorporated into the UN Framework Convention on Climate Change. But because this strategy failed to produce...