Publications

Policing carbon markets

Working paper by Raphael Calel, Antoine Dechezleprêtre, Frank Venmans on 13 Sep 2023

This working paper aims to shed light on the practical issues involved in policing carbon markets, such as new regulators with narrow authority and lack of legal precedent.







Emissions trading with transaction costs

Working paper by Marc Baudry, Anouk Faure, Simon Quemin on 25 Jun 2020

The authors of this paper develop a theoretical model of emissions trading in the presence of transaction costs, calibrating the model to annual transactions and compliance data in the European Union emissions trading scheme over its second phase.


Using supply-side policies to raise ambition: the case of the EU ETS and the 2021 review

Working paper by Simon Quemin on 10 Mar 2020

Following reform of the EU emissions trading system (ETS) in 2018 further regulatory amendments are on the horizon as part of the 2021 review. This paper evaluates and compares the impacts of realistic regulatory changes within the ETS to inform the 2021 review and raise ambition, examining two main policy levers: the linear reduction factor and the market stability reserve. read more »


Emissions trading with rolling horizons

Working paper by Simon Quemin, Raphaël Trotignon on 30 Aug 2019

The authors of this paper develop a model to evaluate first, the market developments in the European Union emissions trading scheme (EU ETS) over 2008–2017 ex-post and second, the performances of main features of the EU ETS reforms that took place in 2018, ex-ante. read more »


Global lessons for the UK in carbon taxes

Policy publication by Josh Burke, Rebecca Byrnes, Sam Fankhauser on 2 Aug 2019

This policy brief analyses global trends in carbon taxation and differences in tax design around the world to draw out lessons for the design of a possible new carbon tax for the UK, as the country plans how to meet its ambitious new net-zero emissions target and how it prices carbon after Brexit. read more »