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Creating an independent carbon authority might offer a solution for reforming the EU’s Emissions Trading Scheme

Grosjean, Godefroy and Marschinski, Robert (2013) Creating an independent carbon authority might offer a solution for reforming the EU’s Emissions Trading Scheme. LSE European Politics and Policy (EUROPP) Blog (23 Oct 2013). Website.

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Abstract

The EU’s Emissions Trading Scheme (EU ETS) aims to reduce greenhouse gas emissions using a ‘cap and trade’ system, in which levels of emissions are capped, but participants can buy and sell allowances as they require. Godefroy Grosjean and Robert Marschinski note that the system has been undermined due to the price of permits falling drastically since 2008. They provide an overview of some of the potential options available for reforming EU ETS, including the creation of an independent carbon authority analogous to an independent central bank.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2013 The Author(s)
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JN Political institutions (Europe)
Date Deposited: 04 Apr 2017 10:41
Last Modified: 13 Sep 2021 23:17
URI: http://eprints.lse.ac.uk/id/eprint/72328

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