Conclusions and Reflections
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We begin this concluding chapter by discussing the key explanations for improved reform capacity regarding the EU’s Emissions Trading System. Crucial changes took place at both the EU and national levels, especially in Germany and in the European Parliament. We then turn to the main prospects for the future. Much of the momentum created in recent years can be expected to continue, and the Market Stability Reserve mechanism is likely to lead to a gradually increasing carbon price and smoother policy interaction. Finally, we discuss the implications for EU processes beyond ETS reform.
KeywordsClimate Policy Carbon Price Emission Trading System Party Group German Election
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