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.
Auction revenues from emissions trading systems (ETSs) have rapidly grown in recent years and are becoming an increasingly important consideration for policymakers. ETS revenues can play a key role in [...]
Nel corso del ventesimo secolo, il ruolo giocato dalle iniziative comunitarie in campo energetico è stato per lo più limitato alla creazione di cooperative locali per la produzione e distribuzione [...]
The Hydrogen and Decarbonised Gas Markets Package, published in 2021, proposes amendments to the current regulatory gas framework, in order to promote the integration of renewable and low-carbon gases in [...]
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