The European CO2 emissions market: what has been learned after one year ?
De Perthuis, Christian (2006), The European CO2 emissions market: what has been learned after one year ?, Revue d'Economie financière, 83, p. 111-127
TypeArticle accepté pour publication ou publié
Journal nameRevue d'Economie financière
Association d'économie financière
MetadataShow full item record
Author(s)De Perthuis, Christian
Abstract (EN)To prepare for the first Kyoto Protocol commitment period (from 2008 to 2012) it decided to set up a European market for trading carbon dioxide by 2005. The volumes traded on this market and the solidity of its institutional foundation rapidly made it the epicentre of the global carbon market. And yet Europe seems reluctant to provide the necessary political support to this innovative new instrument capable of strengthening its position in the international arena. This paper provides an assessment of this market’s functioning and suggests some ways to enable it to protect the climate more effectively.
Subjects / KeywordsEU-ETS; Global Warming
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