EU Emissions Trading: Better than its Reputation

In his article Joachim Weimann, University of Magdeburg, looks at the question of which criteria should be used to assess whether emissions trading in Europe is working or not. In his opinion, neither low prices nor surplus quantities can be cited to adequately support the argument that emissions trading is failing and falling short of expectations. These criteria certainly cannot be used to argue that Germany‘s climate policy represents a sensible alternative or necessary supplement to emissions trading. Instead, Weimann favours further developing and expanding emissions trading.