Climate protection is a global challenge that all countries have a common but differentiated responsibility to address. However, not all governments are willing to commit to targets of equal stringency, and individual countries may put different emphases on carbon pricing in their policy mix....

Klimaschutz ist eine globale Herausforderung, für deren Bewältigung alle Länder eine gemeinsame, aber differenzierte Verantwortung tragen. Einzelne Länder setzen in ihrem Politikmix jedoch unterschiedlich stark auf die Bepreisung von CO2, so dass sich die CO2-Preise in verschiedenen Ländern...

Klimaschutz ist eine globale Herausforderung, für deren Bewältigung alle Länder eine gemeinsame, aber differenzierte Verantwortung tragen. Einzelne Länder setzen in ihrem Politikmix jedoch unterschiedlich stark auf die Bepreisung von CO2, so dass sich die CO2-Preise in verschiedenen Ländern...

This paper proposes an innovative solution to distribute free allowances to the cement sector under emissions trading systems, called hybrid output-based allocation (OBA). We demonstrate that unlike many of the allocation methods currently being used, our design provides incentives which are...

Greenhouse gas emission benchmarks are widely implemented as a policy tool, as more countries move to implement carbon pricing mechanisms for industrial emissions. In particular, benchmarks are used to determine the level of free allowance allocation in emission trading schemes, which are...

Two main approaches have been implemented in regional CO2 markets to address competitiveness and carbon leakage: output based allocation (Australia, California, New Zealand) and capacity based allocation (EU). This paper characterizes the best policy, given that auctioning with border adjustment...