Europes Emissions Trading Scheme (ETS) has too many carbon emission permits trading at too low a price.
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Europe’s Emissions Trading Scheme (ETS) has too many carbon emission permits trading at too low a price.
Explain the conditions under which the ETS, a cap-and-trade system, would reduce the amount of carbon emissions to the efficient quantity. use a graph of the European market for electricity to illustrate your explanation. On your graph, show the effects of having too many emission permits.
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