Most existing Emissions Trading Systems (ETSs) include their own specific Price Control Mechanism (PCM): a design feature which steers the allowance price into a desired range.
Divergences along five key dimensions of PCMs may impact linking between ETSs in several ways, positive or negative.
Restricted linking, e.g. exchange ratios or import quotas on allowances, could mitigate adverse effects of PCM differences between prospective partners.
Convergence towards soft and price-based PCMs is both desirable and likely difficult to accomplish.
PCMs may increase allocative efficiency if they make the allowance supply more responsive to shocks.
The most effective way to reduce long term price uncertainty remains creating an environmentally ambitious climate policy framework.
In this special issue we focus on the digitalisation of infrastructure, and different infrastructure industries are analysed. Common challenges will be identified, as well as the specificities of each sector. [...]
Ofcom identified significant competition concerns in the UK pay TV market and proposed regulatory remedies to address them. For about ten years it tried to get these measure implemented. However, [...]
The environmental ambition of an ETS may be assessed considering three dimensions: emissions coverage, stringency and determinacy. Allowance prices are an imperfect metric for the stringency of an ETS. Yet, [...]