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

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

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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 language	English
Place of Publication	Den Haag
Publisher	Planbureau voor de Leefomgeving
Number of pages	72
ISBN (Print)	978-94-91506-36-9
Publication status	Published - 2013

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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.",

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AU - Verdonk, Martijn

AU - Roelfsema, Mark

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AB - 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.

M3 - Report

SN - 978-94-91506-36-9

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

PB - Planbureau voor de Leefomgeving

CY - Den Haag

ER -

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

Abstract

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