This first report of a three-part mini-series explains what an emissions trading scheme (ETS) is and how the ETS has evolved since its introduction in 2005. It then explores how reforms to the ETS have addressed some of the problems that have plagued the scheme in the past. In short, policymakers have finally addressed the supply issues that dogged the ETS in the past and, as a result, EU carbon permits are a far more investable proposition than they once were.
In view of the wider interest, this Climate Economics Focus has also been made available to clients of our Commodities Overview and Energy services.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services