Since January 1st the European Union has launched an EU-internal emissions trading scheme (EU ETS) for emission-intensive installations as the central pillar to comply with the Kyoto Protocol. The EU ETS may be linked at some time to a Kyoto emissions market where greenhouse gas emission...

Without participation of the United States, the world?s largest emitter of greenhouse gases, mitigation of global climate change seems hardly conceivable. Despite the U.S. rejection of the Kyoto Protocol and the reluctance of the Bush administration to engage in Post-Kyoto negotiations, recent...

The 'Climate action and renewable energy package' proposed by the European Commission in the beginning of 2008 suggests auctioning as basic principle for allocation for the upcoming third trading phase of the EU Emissions Trading Scheme that runs from 2013 to 2020. Overall, it is estimated that...

Die EU-Kommission hat eine Weichenstellung für den europäischen Emissionshandel vorgeschlagen. Nachdem die Zertifikate bisher kostenlos zugeteilt wurden, sollen sie ab 2013 vollständig versteigert werden. Wie wirkt sich die Versteigerung auf die Marktstruktur im Emissionshandel aus? Wie...