The Market Stability Reserve proposed by the European Commission will not be sufficient to reform the EU Emission Trading Scheme (ETS). If the ETS is to be saved, EU policymakers must instead take the bold step of establishing a price band for CO2 emission rights, argue Brigitte Knopf of the Potsdam-Institute for Climate Impact Research (PIK) and Ottmar Edenhofer of PIK and the Mercator Research Institute on Global Commons and Climate Change … [Read more...]
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