CO2 emissions trading in the EU4 February 2016
Begin February one of the last CATO-2 PhD students, Arnold Mulder, successfully defended his PhD thesis "CO2 emissions trading in the EU" at the University of Groningen.
Despite early hopes that the EU CO2 emission trading (ETS) scheme could trigger investments in greenhouse gas reduction technologies around Europe, its ability to do so has fallen far below prior expectations. The current cost to allow a company to emit one tonne of CO2 is around 5 €. This is far below the extra cost needed to reduce the same amount of CO2 with for example wind energy or CO2 Capture and Storage. Policymakers now face the challenging task to revitalize the EU ETS and bring its ability to trigger investment in line with policy objectives.
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CATO in the news4 February 2016
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