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A carbon price floor in the reformed EU ETS: Design matters! ☆

Authors
  • Hintermayer, Martin
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.

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