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Der Emissionshandel in Deutschland und Österreich – ein wirksames Instrument des Klimaschutzes?

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  • Claudia Kemfert
  • Friedrich Schneider

Abstract

Europe has implemented in the year 2005 an emissions trading system in order to fulfill the Kyoto emissions reduction targets. In principle, the instrument should be a cost‐efficient measure of climate protection. But within the first implementation phase because of a over‐allocation of emissions permits the emissions price declined to almost zero. In order to improve the effectiveness of the emissions trading system, emission permits should be auctioned. In addition, more gases and sectors should ideally be covered.

Suggested Citation

  • Claudia Kemfert & Friedrich Schneider, 2009. "Der Emissionshandel in Deutschland und Österreich – ein wirksames Instrument des Klimaschutzes?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 10(1), pages 92-122, February.
    • Handle: RePEc:bla:perwir:v:10:y:2009:i:1:p:92-122
    DOI: 10.1111/j.1468-2516.2008.00296.x
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    References listed on IDEAS

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