How to avoid history repeating itself: the case for an EU Emissions Trading System (EU ETS) price floor revisited

  title={How to avoid history repeating itself: the case for an EU Emissions Trading System (EU ETS) price floor revisited},
  author={Christian Flachsland and Michael Pahle and Dallas Burtraw and Ottmar Edenhofer and Milan Elkerbout and Carolyn Fischer and Oliver Tietjen and Lars Zetterberg},
  journal={Climate Policy},
  pages={133 - 142}
ABSTRACT Several years of very low allowance prices in the EU emissions trading scheme (ETS) have motivated calls to introduce a price floor to correct potential underlying distortions and design flaws, including (i) the political nature of allowance supply and related credibility issues, (ii) potential myopia of market participants and firms, and (iii) waterbed and rebound effects resulting from policy interactions. In the wake of the recent EU ETS reform, allowance prices have sharply… 
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