Bruninx, K., Ovaere, M. COVID-19, Green Deal and recovery plan permanently change emissions and prices in EU ETS Phase IV. Nat Commun
Objective:
- Provide numerical estimates of the impact of overlapping policies and shocks on cumulative emissions over the lifetime of EU ETS
Case:x
- EU
Methodology:
- EU-ETS-MRS simulation model
Data Source
- Emission
Findings:
- Allowance prices might increase to 49-94 €/t CO2 and reduce cumulative carbon emissions to 14.2-18.3 GtCO2 compared to 23.5-33.1 GtCO2 under the 2018 EU ETS and MSR design
