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- Title
What have we learnt from the European Union's Emissions Trading System?
- Authors
Wråke, Markus; Burtraw, Dallas; Löfgren, Asa; Zetterberg, Lars
- Abstract
The EU Emissions Trading System (ETS) demonstrated the ability to design and launch a large-scale trading system in a short period of time. The path from initial reticence about emissions trading to implementation of the world's largest program is an important history. Three issues play a large role in the evaluation of the program to date and its on-going development: allocation plans, cost uncertainty, and leakage of emissions to abroad. Decisions in Phase I and II (2005-2012) were responsive to questions of political feasibility and implementation, but some of these decisions including allocation in particular will be substantially revised in Phase III (2013-2020).
- Publication
Ambio, 2012, Vol 41 Suppl 1, p12
- ISSN
0044-7447
- Publication type
Journal Article
- DOI
10.1007/s13280-011-0237-2