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Is European climate policy the new CAP?

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  • Georg Zachmann

Abstract

In its third phase (2013-20) the European Union's emissions trading system (ETS) will issue allowances for around two billion tonnes of CO2 equivalent each year. The emission rights are valued at around 30-35 billion at current prices, between one-half and two-thirds of the amount the EU spends on the Common Agricultural Policy. The redistributive effects of the allocation of emission allowances are therefore potentially significant. Quantitative indicators for the relative...

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  • Georg Zachmann, 2011. "Is European climate policy the new CAP?," Policy Briefs 493, Bruegel.
    • Handle: RePEc:bre:polbrf:493
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    Cited by:

    1. David Ellison, 2011. "Should the EU climate policy framework be reformed?," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 2, pages 133-167, December.

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