Emission trading vs. renewable energy technology promotion for GHG control in the European Union : effectiveness, economic costs, and security of supply

Robert Küster, Marcel Zürn, Ingo Ellersdorfer & Ulrich Fahl
Policy instruments for GHG abatement may follow different strategies. Two prominent distinct strategies that are also part of the EU climate protection approach are market oriented cap and trade regimes and support schemes for carbon free generation technologies. The two strategies differ in their impact on the energy system and thus in effectiveness of abatement, in economic impact, and in consequences for energy security. We contrast the EU-wide impacts of two policy instruments each representing...
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