Steffen Hentrich - Academia.edu (original) (raw)

Climate Policy, 2009

Germany's National Allocation Plans (NAP I and NAP II) for implementing t... more Germany's National Allocation Plans (NAP I and NAP II) for implementing the EU Emissions Trading Scheme (EU ETS) are critically analysed. Emissions trading has created a new scarcity, and grandfathering constitutes a subsidy that is used to reach additional policy goals related to energy and distribution policy. With respect to energy policy, the objective was to protect the German coal