This paper explores the ability of European refineries to pass-through costs associated with the introduction of the EU Emissions Trading Scheme (EU ETS). A sequence of vector error correction models (VECM)…
Unilateral emission reduction commitments raise concerns on international competitiveness and emission leakage that result in preferential regulatory treatment of domestic energy-intensive and trade-exposed…
In recent years, the parties of the United Nations Framework Convention on Climate Change (UNFCCC) failed to negotiate a follow‐up agreement of the Kyoto Protocol. The commitment period of the Kyoto Protocol…
The Kyoto Protocol mandates a reduction of greenhouse gas emissions to countervail climate change. As a consequence, the EU has introduced the European Emissions Trading Scheme (EU ETS) to achieve a reduction of…