Three computable general equilibrium models are used to estimate the economic implications of a stylized version of EU …, however, that the distortions introduced by total EU package imply a substantial welfare loss over and above the costs needed …

Currently, the European Commission intends to increase the EU’s 2030 climate target. Instead of a 40 percent target … considering a 65-percent reduction. The European Emissions Trading System (EU ETS) sectors should make an appropriate contribution … Agreement, is compliance with a consistent emissions budget, the total amount of cumulative greenhouse gas emissions. For the EU …

Starting in 2005, the EU will implement a CO2 emissions trading scheme. In this paper we show that the outspoken goals … harmonization, i.e. for identical assignment factors to similar firms located in different EU countries …