Linking the EU's Emissions Trading System to Any Future US Emissions Trading Scheme
Mehling, Michael, Harro van Asselt and Jason Anderson 2009: Linking the EU’s Emissions Trading System to any Future US Emissions Trading Scheme. Study requested by the European Parliament Committee on the Environment, Public Health and Food Safety.
Emissions trading systems emerging in the United States offer the opportunity of a future trading link to the European carbon market. While such a link promises more efficient allocation of resources in a larger and more liquid market, differences in the design of trading systems can undermine the effectiveness of the linked trading systems.