Environmental protection is one of Europe's key values. The EU has set clear policy objectives to achieve its … environmental goals. The EU has favoured market-based instruments, among which fiscal instruments to tackle the climate change …

recently revised EU ETS Directive, we then combine a country’s phase-out policy with canceling the permits it formerly used to …

With the new rules of the EU ETS, involving cancellation of allowances, cumulative emissions are no longer fixed but …

According to the Phase IV (2021-2030) rules of the EU ETS, the total amount of emissions permits allocated to firms is …

physical settlement during the second market phase of the EU ETS. We employ a series of estimation methods that allow for an …

green paradox for a general model and then apply it to the details of EU ETS. In 2018, new rules for a Market Stability … model disciplined on the price rise in the EU ETS that followed the introduction of the MSR. …

In June 2018, an agreement between key EU institutions - the Commission, the European Parliament, and the European … Council - was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a … comprehensive assessment of the EU package, with its three main targets: lower greenhouse gas emissions, higher renewable share in …