This article reviews the recent literature on ex post evaluation of the impacts of the European
Union (EU) Emissions Trading Scheme (ETS) on regulated firms in the industrial and power …

The participation of financial actors is a key design issue in all emissions allowance markets.
Although financials perform several necessary market functions, excessive speculation may …

Abstract The EU Emission Trading System (ETS) is the oldest and currently the largest
carbon market in the world, but its purpose of stimulating carbon emissions via trading profits …

We develop an emission permits trading model where covered firms can (1) utilize rolling
planning horizons to deal with uncertainty and (2) exhibit bounded responsiveness to supply …

We provide a quantitative assessment of policy options to inform the 2021 review of the EU
Emissions Trading System (ETS) and raise climate ambition. We use a permit trading model …

We develop an equilibrium model of emissions permit trading in the presence of fixed and
proportional trading costs in which the permit price and firms' participation in and extent of …

While the initial distribution of emissions allowances is usually thought to be independent of
the emissions outcome, free allocation can affect the efficiency and fairness of allowance …

This study analyses factors related to allowance-trading behaviour for the first ten years of
the existence of the European Union Emissions Trading System (EU ETS). Our empirical …

This paper presents an analysis of the European Emission Trading System as a transaction
network. It is shown that, given the lack of well-identified trading institutions, industrial actors …

International environmental cooperation can impose significant costs on private firms. Yet, in
recent years some companies have been supportive of international climate agreements …