Climate | Technical Report
Emissions trading systems with different price control mechanisms : implications for linking - Report for the Carbon Market Policy Dialogue
10 November 2020
BY: GALDI Giulio, Stefano Verde, Simone Borghesi, FÜSSLER Jürg, JAMIESON Ted, WIMBERGER Emily, ZHOU Li
This report was prepared to inform the Carbon Market Policy Dialogue (CMPD) between the European Commission, as the regulator of the EU Emissions Trading System, and the regulatory authorities for the emissions trading systems (ETSs) of California, Québec, China, New Zealand, and Switzerland. In this report, we propose a conceptual framework to characterise price control mechanisms (PCMs), i.e. the design features of emission trading systems (ETSs) meant to tackle price uncertainty. We present the PCM features of the six ETSs involved in the CMPD according to the conceptual framework and illustrate some insight from the scientific literature on linking ETSs with different PCMs. Finally, we discuss the main issues emerging from this report and provide out concluding remarks.
logo cadmus Read it on Cadmus Download in open access

LATEST FSR PUBLICATIONS

Technical Report
As stated by the OECD, “water security in many regions will continue to deteriorate due to increasing water demand, water stress and water pollution.” Indeed water supply and sanitation (WSS) [...]
Other
Electricity is used for railway traction. With the 4th Railway Package, traction current became excluded from the Minimum Access Package to be provided by the Infrastructure Managers (IMs) and was [...]
Other
Transforming Europe into a climate neutral economy by 2050 in line with the European Green Deal places a particular responsibility on the transport sector, which accounts for a quarter of [...]
Other
The European Union (EU) is likely to face a gas supply-demand gap of 27 bcm in 2023-2024. This gap could be reduced by enhancing its partnership with oil and gas [...]
Technical Report
New European rules are being developed to shape electricity market design in a way that improves TSO- DSO coordination, makes efficient use of distribution-connected resources, and empowers the smallest network [...]
Working Paper
Having identified the basic characteristics of the current energy crisis and its particular shape in the European Union, three questions immediately arise. 1) If gas is at the ‘core’ of [...]

Join our community

To meet, discuss and learn in the channel that suits you best.

scroll

top