Following the Paris Agreement, virtually all countries worldwide have committed themselves to undertaking efforts to limit global warming to 1.5êC. Within the European Union (EU), the recent "Fit for 55" policy package proposes ambitious greenhouse gas (GHG) mitigation policies for all sectors...

Following the Paris Agreement, virtually all countries worldwide have committed themselves to undertaking efforts to limit global warming to 1.5°C. Within the European Union (EU), the recent "Fit for 55" policy package proposes ambitious greenhouse gas (GHG) mitigation policies for all sectors...

This paper explores the incentives for energy efficiency induced by the European Union Emissions Trading Scheme (EU ETS) for installations in the energy and industry sectors. Our analysis of the National Allocation Plans for 27 EU Member States for phase 2 of the EU ETS (2008-2012) suggests that...