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EU Emissions Trading: Better than its Reputation

Author

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  • Joachim Weimann

Abstract

In his article Joachim Weimann, University of Magdeburg, looks at the question of which criteria should be used to assess whether emissions trading in Europe is working or not. In his opinion, neither low prices nor surplus quantities can be cited to adequately support the argument that emissions trading is failing and falling short of expectations. These criteria certainly cannot be used to argue that Germany‘s climate policy represents a sensible alternative or necessary supplement to emissions trading. Instead, Weimann favours further developing and expanding emissions trading.

Suggested Citation

  • Joachim Weimann, 2017. "EU Emissions Trading: Better than its Reputation," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(14), pages 24-27, July.
    • Handle: RePEc:ces:ifosdt:v:70:y:2017:i:14:p:24-27
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    File URL: https://www.ifo.de/DocDL/sd-2017-14-weimann-emissionshandel-2017-07-27.pdf
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    References listed on IDEAS

    as
    1. Raphael Calel & Antoine Dechezleprêtre, 2016. "Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market," The Review of Economics and Statistics, MIT Press, vol. 98(1), pages 173-191, March.
    2. Alex Schmitt, 2017. "Climate Notes: Emissions Trade – Familiar Problems, New Solutions?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(09), pages 48-50, May.
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    Cited by:

    1. Feld, Lars P. & Schmidt, Christoph M. & Schnabel, Isabel & Truger, Achim & Wieland, Volker, 2019. "Aufbruch zu einer neuen Klimapolitik," Special Reports / Sondergutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, number 200981.
    2. Behm, Philipp, 2018. "Subventionsdschungel Energiewende: Ein Überblick," DSi kompakt 31, DSi - Deutsches Steuerzahlerinstitut des Bundes der Steuerzahler e.V., Berlin.
    3. Christian Traeger & Grischa Perino & Karen Pittel & Till Requate & Alex Schmitt, 2020. "The Flexcap – An Innovative CO2 Pricing for Germany," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 18(01), pages 42-48, April.
    4. Christian Traeger & Grischa Perino & Karen Pittel & Till Requate & Alex Schmitt, 2019. "Das Flexcap – eine innovative CO₂-Bepreisung für Deutschland," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(18), pages 38-45, September.

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    More about this item

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)

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