Auctioning of EU ETS Phase II Allowances: How and Why?

The European Directive on the EU ETS allows governments to auction up to 10% of the allowances issued in phase II 2008-2012, without constraints being specified thereafter. This article reviews and extends the long-standing debate about auctioning, in which economists have generally supported and in...

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Bibliographic Details
Main Authors: Hepburn, C, Grubb, M, Neuhoff, K, Matthes, F, Tse, M
Format: Journal article
Language:English
Published: 2006