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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | The EU Emissions Trading System: becoming efficient |
| Organization Unit | |
| Authors |
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| Language |
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| Institution | University of Zurich |
| Series Name | Kühne Center Impact Series |
| Number | 02-22 |
| Number of Pages | 9 |
| Date | 2022 |
| Abstract Text | This Kühne Impact Series focuses on the EU Emissions Trading System, a cornerstone of the European Green Deal and Europe’s attempt to reach climate neutrality by 2050.1 We discuss how the system has been developed, creates a price on carbon, and the efficiency of the allocation of emissions allowances. Moreover, we analyze the evolution of the EU ETS prices and discuss the recent substantial volatility in the price of the carbon permits. The experience with the EU ETS has been mixed. However, we believe that recent and expected developments will make the system more resilient and reliable – and can ensure a credible and efficient path to carbon neutrality. |
| Official URL | https://www.kuehnecenter.uzh.ch/impact_series/2022_07_28-02-22-the_eu_emissions_trading_system.html |
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