Abstract
The European Union emission trading system has been criticized by various stakeholders. We review the main criticisms and end up with the following conclusions: abatement has been real, albeit small, no noticeable loss of competitiveness or carbon leakage occurred, the distributional effects were unfair and major fraud occurred. Some of these problems could have been avoided and can still be corrected by adopting a more critical approach toward flexibility mechanisms and setting a CO2 floor price.
| Translated title of the contribution | The European Union Emissions Trading System: Should we throw the flagship out with the bathwater? |
|---|---|
| Original language | French |
| Pages (from-to) | 299-317 |
| Number of pages | 19 |
| Journal | Economies et Societes |
| Volume | 47 |
| Issue number | 2 |
| Publication status | Published - 1 Feb 2013 |
| Externally published | Yes |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 1 No Poverty
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