All pages with keywords: EU ETS

UK Government should create market for greenhouse gas removals and increase carbon prices for businesses to achieve net zero emissions by 2050

Press release 22 May, 2019

To achieve ‘net zero’ greenhouse gas emissions by 2050, the Government should create a market for so-called ‘negative emissions’ that result from the removal of greenhouse gases from the atmosphere, … read more »


The global consumer incidence of carbon pricing: evidence from trade

The global consumer incidence of carbon pricing: evidence from trade

a working paper by Lutz Sager 4 April, 2019

This paper estimates the global distribution of the costs to consumers from carbon pricing, finding that some policies may be considered regressive for their burden on poorer consumers – but that the benefits from mitigating climate change may weaken or reverse the regressive effect. read more »


Linking permit markets multilaterally

a working paper by Baran Doda, Simon Quemin, Luca Taschini 27 February, 2019

This paper develops a novel theoretical tool with which a jurisdiction can evaluate the economic gains it can expect to obtain by linking its emissions trading system (ETS) to one, two or many ETSs at the same time, and proposes a reason why the global market remains a distant dream. read more »


Searching for carbon leaks in multinational companies

a working paper by Antoine Dechezleprêtre, Caterina Gennaioli, Ralf Martin, Mirabelle Muûls, Thomas Stoerk 17 January, 2019

This paper examines whether the European Union Emissions Trading System (EU ETS) has led companies to shift the location of production, thereby creating carbon leakage. read more »


Intertemporal emissions trading and market design: an application to the EU ETS

Intertemporal emissions trading and market design: an application to the EU ETS

a working paper by Simon Quemin, Raphaël Trotignon 9 January, 2019

The authors of this paper develop a model to assess the market stability reserve, a key feature of reforming the European Union’s emissions trading system (EU ETS), concluding that it is successful in raising the allowance price, but is limited in its ability to improve the system’s resilience to allowance demand shocks. read more »


What does the October 2018 Budget mean for UK carbon pricing in a no-deal Brexit?

a commentary by Josh Burke 30 October, 2018

To tax or to trade – that is the question. Following the October Budget, and as Brexit looms, Josh Burke assesses the policy landscape around carbon pricing in the UK. read more »


graph of trust correlation with compliance

Businesses from trusting countries are more likely to comply with environmental regulations

a commentary by Ara Jo 5 July, 2018

What affects how compliant businesses are with environmental regulations? Traditional enforcement measures such as fines and inspections by authorities can be an effective deterrent for rule-breaking. Recent research has also … read more »


How do emissions trading systems work?

FAQ

Emissions trading, also known as ‘cap and trade’, is a cost-effective way of reducing greenhouse gas emissions. To incentivise firms to reduce their emissions, a government sets a cap on … read more »


Trust and compliance:  evidence from the EU emissions trading scheme

Trust and compliance: evidence from the EU emissions trading scheme

a working paper by Ara Jo 4 June, 2018

This paper uses data on the compliance of installations regulated under the EU Emissions Trading Scheme to investigate how the levels of trust in a country affect the compliance of firms with regulations on climate change. read more »


First ever EU-wide climate court case asks for more ambition in cutting emissions

a commentary by Joana Setzer 30 May, 2018

Last week families from across the EU launched the first strategic climate court case against the European Union (EU). Some European governments have already been challenged in court on their … read more »