1.0Grantham Research Institute on climate change and the environmenthttps://www.lse.ac.uk/granthaminstituteGeorgina Kyriacouhttps://www.lse.ac.uk/granthaminstitute/author/georgina-kyriacou/Emissions trading with transaction costs - Grantham Research Institute on climate change and the environmentrich600338<blockquote class="wp-embedded-content" data-secret="Pq6q2JfMpX"><a href="https://www.lse.ac.uk/granthaminstitute/publication/emissions-trading-with-transaction-costs/">Emissions trading with transaction costs</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.lse.ac.uk/granthaminstitute/publication/emissions-trading-with-transaction-costs/embed/#?secret=Pq6q2JfMpX" width="600" height="338" title="“Emissions trading with transaction costs” — Grantham Research Institute on climate change and the environment" data-secret="Pq6q2JfMpX" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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https://www.lse.ac.uk/granthaminstitute/wp-content/uploads/2018/02/emissions.jpg15001026The authors of this paper develop a theoretical model of emissions trading in the presence of transaction costs, calibrating the model to annual transactions and compliance data in the European Union emissions trading scheme over its second phase.