Evaluation of Policy Options to Reform the EU Emissions Trading System - Effects on Carbon Price, Emissions and the Economy

Herman Vollebergh, Corjan Brink, Martijn Verdonk*, Mark Roelfsema

*Corresponding author for this work

Research output: Book/ReportReportProfessional

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Abstract

A minimum price for emission allowances offers the best opportunity for the EU Emissions Trading System (ETS) to function as a key policy instrument in reducing CO2 emissions. Such a price floor will create a steady and higher CO2 price, which will stimulate corporations to reduce their CO2 emission and invest in low-carbon technologies. When the price of CO2 is too low, it is often more efficient for companies to buy emission rights rather than to invest in emission reduction.
Original languageEnglish
Place of PublicationDen Haag
PublisherPlanbureau voor de Leefomgeving
Number of pages72
ISBN (Print)978-94-91506-36-9
Publication statusPublished - 2013

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