Auctioning of CO 2 Emission Allowances in Phase 3 of the EU Emissions Trading Scheme

Abstract

The “Climate action and renewable energy package” proposed by the European Commission in the beginning of 2008 suggests auctioning as basic principle for allocation for the upcoming third trading phase of the EU Emissions Trading Scheme that runs from 2013 to 2020. Overall, it is estimated that at least two third of the total quantity of allowances will be… (More)

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