Drawing on specific examples from products and subsectors within the EU ETS, this paper empirically tests to what extent those sectors are able to adjust their output prices when facing an input price change.…
The EU Emissions Trading Scheme (EU ETS) remains by far the largest trading programme for greenhouse gas emissions, and as such has a key influence on the global market in emission certificates. In Germany,…
Given the scarcity of resources an economic approach is necessary in order to determine an optimal strategy of adaptation to climate change. In this paper we develop an economic framework for the study of…
