Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/191152
Authors: 
Andor, Mark A.
Frondel, Manuel
Sommer, Stephan
Year of Publication: 
2016
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 51 [Year:] 2016 [Issue:] 2 [Pages:] 87-93
Abstract: 
Prices for emission allowances in Europe’s Emissions Trading System (ETS) have remained low for many years. This has given rise to controversies on whether there is a need for a fundamental reform of the ETS. Potential reform proposals include the introduction of a price floor for certificates and a market stability reserve, which is a rule-based mechanism for steering the market volume of allowances and is the preferred approach of the European Commission. In this article, we instead recommend retaining the ETS and suggest correcting past mistakes by a single intervention.
Persistent Identifier of the first edition: 
Document Type: 
Article
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