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Climate policy : The EU emissions trading scheme

Axel Michaelowa, Sonja Butzengeiger

Abstract

Editorial: EU Emissions Trading * Policy Brief: The EU ETS * Price Determinants in the EU Emissions Trading Scheme * The Role of Auctions and Forward Markets in the EU ETS * The Cost of Sectoral Differentiation in the EU ETS * Allocation of Carbon Emissions Certificates in the Power Sector * The Interaction of the EU ETS and National Energy Policies * The Choice of Multiple or Single Auctions in Emissions Trading * Value and Risks of Expiring Carbon Credits from Afforestation and Reforestation Projects under the CDM * Allowance Allocation in the EU ETS: A Commentary * Business Perspectives on the EU ETS *

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Key concepts: Emissions trading, Clean Development Mechanism, Common value auction, Allowance (engineering), Climate policy, Carbon market, Natural resource economics, Business