In this undergraduate research paper, the author describes how the European Union Emissions Trading Scheme (EU ETS) works and shows that the "cap and trade" system leads to inefficient outcomes due to over-allocation and price volatility.
Term Paper , 2013 , 9 Pages , Grade: A-
Autor:in: Tobias Kohler (Author)
Economy - Environment economics
In this undergraduate research paper, the author describes how the European Union Emissions Trading Scheme (EU ETS) works and shows that the "cap and trade" system leads to inefficient outcomes due to over-allocation and price volatility.