FEEM Re3: “A Quantitative Assessment of the Implications of Including non-CO2 Emissions in the European ETS”
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What is the role of non-CO2 emissions in climate change mitigation efforts? This article by Carlo Orecchia and Ramiro Parrado aims at a quantitative assessment of the extension of the European Emissions Trading System (ETS) to allow for the exchange of permits for non-CO2 greenhouse gases emissions and at evaluating its impact on policy costs and the composition of output.