The impact of CO2 emissions trading on firm profits and market prices

@inproceedings{Smale2006TheIO,
  title={The impact of CO2 emissions trading on firm profits and market prices},
  author={Robin Smale and Murray Hartley and Cameron J. Hepburn and John M. Ward and Michael Grubb},
  year={2006}
}
The introduction of mandatory controls and a trading scheme covering approximately half of all carbon dioxide emissions across Europe has triggered a debate about the impact of emissions trading on the competitiveness of European industry. Economic theory suggests that, in many sectors, businesses will pass on costs to customers and make net profits due to the impact on product prices combined with the extensive free allocations of allowances. This study applies the Cournot representation of an… CONTINUE READING

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