Publication from 08.06.2021
Emissions trading in pursuit of electricity decarbonisation - market structures and regulations matter
… market structures and additional policies. It provides a synthesis of five case studies in EU, California, South Korea, China and Mexico. The authors investigate … reflection of marginal abatement cost, predictability, and environmental effectiveness) and three abatement channels (clean dispatch, low-carbon investment, and demand-side response). They find that ETSs are especially effective in capitalizing on short-term abatement opportunities when embedded within …