This study compilation is an attempt to present the policy options available in this possible future situation of different levels of ambitions in climate policies. It asks the question whether competitive distortions and leakage present a realistic danger in a world of different carbon prices. The prevailing assumption is that a considerable (and possibly growing) part of allowances in EU-ETS are auctioned as of 2013.

Authors: Makipaa, A., Neuhoff, K., Czarencki, R., Mehling, M., Meyer-Ohlendorf, N., Monjon, S., Quiron, P., Lenr, U., and Lutz, C

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