HIGHLIGHTS
SUMMARY
While the current emissions reduction path of the European Union Emissions Trading System (EU ETS) foresees that allowance supply ends in the year 2057, the implementation of the European Green Deal brings forward the end of allowance supply to the year 2040. Accordingly, the EU needs to address how to organize the transition from a positive to a netnegative emissions trading system and how to deal with expected allowance price increases and fluctuations due to now faster declining allowance supply. Perino et_al point out that the existing, primarily quantity-based flexibility mechanisms of the . . .
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