Manipulation of European Union emission trading systems (ETS) by the buy, bank, burn program compensates unregulated emissions while regulated sectors carry a large part of the burden. This distorts the balance between regulated firms and non-regulated projects, so parties outside the EU ETS can be virtuous at the cost of others.
|Journal||Nature Climate Change|
|Publication status||Published - Jun 2019|
Gerlagh, R., & Heijmans, R. J. R. K. (2019). Climate-conscious consumers and the buy, bank, burn program. Nature Climate Change, 9, 428-432. https://www.nature.com/articles/s41558-019-0482-0.epdf?author_access_token=cLnbfPP-6HiGGH1AKi6cadRgN0jAjWel9jnR3ZoTv0MY1SndHPiqaDEhtnPNdSCulNqf6icFPnWFgEaKdZByIgHhFIrZ-DTWTb3_qEsHpLPLwSjwa30ypN8dCoSRi8dr9LAhHWFWFmu1gDO-G1XjEg%3D%3D