A carbon price floor in the reformed EU ETS: Design matters! ☆
- Authors
- Type
- Published Article
- Journal
- Energy Policy
- Publisher
- Elsevier
- Publication Date
- Sep 23, 2020
- Volume
- 147
- Pages
- 111905–111905
- Identifiers
- DOI: 10.1016/j.enpol.2020.111905
- PMID: 32989339
- PMCID: PMC7510563
- Source
- PubMed Central
- Keywords
- License
- Unknown
Abstract
• Introduction of different carbon price floor designs: Buyback and top-up tax. • Market outcomes of the designs differ in a dynamic context such as the EU ETS. • Buyback increases the price immediately after the announcement. • Top-Up tax devalues future emissions and thereby increases short-run emissions. • First assessment of governmental revenues within the EU ETS.
