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, Quebec, China, New Zealand and Switzerland. The report deals with the implications of linking ETSs that differ from each other in the measures for carbon leakage prevention. The report provides a conceptual framework and summarizes the relevant scientific literature; it describes the current status of the six ETSs represented in the CMPD and, finally, it offers up a few ideas for discussion.
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 [...]
In this report we focus on the fundamentals of energy and climate policy as reformulated in the EU Green Deal. The 2022 edition includes updates following the publication of the [...]
Against the backdrop of the European Green Deal and the subsequent ‘Fit for 55’ Package, the basic infrastructures will have to become more sustainable over the course of their entire [...]
Economic regulators of water and sanitation services (WSS) across Europe were originally established to address harmful consequences arising from the natural monopoly of the sector. This is reflected in their [...]
The COVID-19 pandemic has almost forced the aviation industry to a halt in 2020, at least when it comes to the provision of passenger services: the number of active routes, [...]
We think that the electricity markets that were developed over the last two decades did what they were supposed to do during this crisis: through higher prices, they convey the [...]
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