Causes of the EU ETS price drop: Recession, CDM, renewable policies or a bit of everything?—New evidence

The price of EU allowances (EUAs) in the EU Emissions Trading Scheme (EU ETS) fell from almost 30€/tCO2 in mid-2008 to less than 5€/tCO2 in mid-2013. The sharp and persistent price decline has sparked intense debates both in academia and among policy-makers about the decisive allowance price drivers...

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Bibliographic Details
Published in:Energy policy 2014-10, Vol.73, p.676-685
Main Authors: Koch, Nicolas, Fuss, Sabine, Grosjean, Godefroy, Edenhofer, Ottmar
Format: Article
Language:English
Subjects:
Abatement
Air pollution caused by fuel industries
Alternative energy
Applied sciences
carbon markets
Carbon price
Cost
Credit
data collection
Economic activity
Economic conditions
Economic data
Economic factors
economic recession
Economics
Electric power
Electric power generation
Electricity
Emissions trading
Energy
Energy economics
Energy policy
Energy prices
Energy. Thermal use of fuels
EU ETS
Europe
European Union
Exact sciences and technology
General aspects
General, economic and professional studies
General. Regulations. Norms. Economy
issues and policy
Natural energy
Policy making
Pollution control
Prices
Production
Recession
Recessions
Reforms
Renewables
Simulation
solar energy
Studies
Western Europe
wind
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