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The Legal and Economic Case for an Auction Reserve Price in the EU Emissions Trading System

Analysis finds that a minimum auction price is necessary and legal in the EU Emissions Trading System (ETS) to accommodate overlapping policies and for the market to operate efficiently.

Working Paper by Carolyn Fischer, Leonie Reins, Dallas Burtraw, David Langlet, Åsa Löfgren, Michael Mehling, Stefan Weishaar, Lars Zetterberg, Harro van Asselt, and Kati Kulovesi — Dec. 16, 2019

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Authors

Carolyn Fischer

Vrije University Amsterdam; Resources for the Future

Leonie Reins

Tilburg University

Dallas Burtraw

Resources for the Future

David Langlet

University of Gothenburg

Åsa Löfgren

University of Gothenburg

Michael Mehling

Massachusetts Institute of Technology

Stefan Weishaar

Groningen University

Lars Zetterberg

IVL Swedish Environmental Research Institute

Harro van Asselt

University of Eastern Finland Law School

Kati Kulovesi

University of Eastern Finland Law School