Economics, Econometrics and Finance
8 years ago

EU Emissions Trading Scheme Ushers in New Era of Global Climate Action

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Cambridge University Press eBooks
The EU ETS allocation process: an overview
A. Denny Ellerman, B. Büchner, Carlo Carraro

Paper Summary

A carbon dioxide price was introduced in 2005 for many countries in Europe through the EU ETS. This program is like a trading game to reduce emissions, based on the Kyoto Protocol. It shows how countries can work together to fight climate change.

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