Free allocation of allowances under the EU emissions trading scheme: legal issues by Johnston, AC

“…This article provides a legal analysis of some of the key issues that arise in examining the system for allocating emissions allowances under the EU's emissions trading scheme directive (EU ETS). There is a strong series of arguments in support of the view that the free allocation of allowances under the various national allocation plans (NAPs) involves an element of State aid, which has neither been formally notified to, nor cleared by, the Commission under the EC Treaty. …”

Finance Act 2021 Notes: Section 112: repeal of carbon emissions tax by Pirlot, A

“…Notes provisions of the Finance Act 2021 s.112, repealing measures in the Finance Act 2019 and Finance Act 2020 which imposed a carbon emissions tax to allow transition from the EU Emissions Trading Scheme (ETS) pending the implementation of a UK ETS.…”

European Energy Policy: Meeting the Security of Supply and Climate Change Challenges. by Helm, D

“…Whilst in the 1980s and 1990s, market power dominated in the context of excess supply, the new priorities of security of supply and climate change require new policy instruments--notably network interconnection, capacity markets, strategic storage, and enhancements to the EU Emissions Trading Scheme. The paper sets out the necessary reforms, together with the institutional structures at the EU level which would provide credibility.…”

China starts trading carbon by Ellermann, C, Boning, C

“…By introducing emissions trading scheme (ETS) pilots in five cities and two provinces, China has been indicating bold reforms in its governance of energy and the environment. …”

Risk-Neutral Pricing of Financial Instruments in Emission Markets: A Structural Approach by Howison, S, Schwarz, D

“…We present a novel approach to the pricing of financial instruments in emission markets---for example, the European Union Emissions Trading Scheme (EU ETS). The proposed structural model is positioned between existing complex full equilibrium models and pure reduced-form models. …”

Using economic instruments to address emissions from air transport in the European Union by Mendes, L, Santos, G

“…The use of environmental charges in air transport and the inclusion of the sector in the European Union Emissions Trading Scheme (EU ETS), are considered under a range of scenarios. …”

Markets, morality and climate change: what, if anything, is wrong with emissions trading? by Caney, S

“…A number of ways in which current emissions trading schemes signally fail to meet this second criterion are then noted. …”

Capital beats coal: How collecting the climate rent increases aggregate investment by Siegmeier, J, Mattauch, L, Edenhofer, O

“…We prove this beneficial investment shift from fossil stocks towards capital for the case of an emission trading scheme: specifically, we show that the higher the share of auctioned permits, the larger the beneficial investment effect. …”

Market responses to global governance: international climate cooperation and europe's carbon trading by Genovese, F

“…I test the argument with an event study of the effect of decisions at the UN Framework Convention on Climate Change (UNFCCC) on major European firms that received free carbon permits in the early stages of the European Union Emission Trading Scheme (EU ETS). The analysis suggests that financial markets carefully follow the international climate negotiations, and reward the regulated firms based on the outcome of UNFCCC decisions. …”