Evaluating the EU ETS impacts on profits, investments and prices of the Italian electricity market
Climate change is a global issue, but actions to mitigate its development are regional. Europe has taken the leadership in the carbon emission policy by introducing the Emissions Trading Scheme (EU ETS), formerly regulated by Directive 2003/87/EC and since 2013 by Directive 2009/29/EC. This new Directive imposes a full auctioning system for allocating CO2 allowances to the power sector and encourages the use of renewable energy sources.
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