Carbon markets, established via cap & trade programs, are the dominant means by which climate stabilization is currently being pursued worldwide, with many centered around the European Union’s Emissions Trading Scheme. As such, a critical analysis of the EU ETS & its effectiveness is crucial to assess whether the EU carbon market is an effective mechanism to achieve climate stabilization. The effectiveness of the overall program was evaluated via a determination of whether the EU ETS, & to a greater extent the EU carbon market, has allowed for emissions reductions in line with the goal for climate stabilization set by the EU, whether emission reductions in line with the climate stabilization goals set by the scientific community were achieved, & a determination of the success of phase 1 of the EU ETS. An evaluation via these criteria indicate that the EU carbon market is a failure.
","abstract_html":"<p>Carbon markets, established via cap & trade programs, are the dominant means by which climate stabilization is currently being pursued worldwide, with many centered around the European Union’s Emissions Trading Scheme. As such, a critical analysis of the EU ETS & its effectiveness is crucial to assess whether the EU carbon market is an effective mechanism to achieve climate stabilization. The effectiveness of the overall program was evaluated via a determination of whether the EU ETS, & to a greater extent the EU carbon market, has allowed for emissions reductions in line with the goal for climate stabilization set by the EU, whether emission reductions in line with the climate stabilization goals set by the scientific community were achieved, & a determination of the success of phase 1 of the EU ETS. An evaluation via these criteria indicate that the EU carbon market is a failure.</p>","abstract_has_math":false,"creators":["Swan, Marceline Grey"],"institution":null,"degree_name":"M.A.","degree_level":"Masters Thesis","degree_discipline":null,"degree_department":null,"school":null,"contributors":["Chiara Piovani","Juan Carlos Lopez","Markus Schneider","Sarah Hamilton"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2020,"date_issued":"2020-01-01T08:00:00Z","date_published":"2020-01-01T08:00:00Z","updated_at":"2026-07-24T02:03:35Z","subjects":["Cap and trade","Climate stabilization","Emissions abatement","Enviromental economics","EU ETS","European Union's emission trading scheme","Economics","Environmental Studies","International and Area Studies","International Economics","Other Economics"],"languages":["en"],"rights":["Copyright is held by the author. User is responsible for all copyright compliance.
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"],"dc:format":["application/pdf"],"dc:identifier":["https://digitalcommons.du.edu/etd/1851"],"dc:language":["en"],"dc:rights":["Copyright is held by the author. User is responsible for all copyright compliance.
"],"dc:subject":["Cap and trade","Climate stabilization","Emissions abatement","Enviromental economics","EU ETS","European Union's emission trading scheme","Economics","Environmental Studies","International and Area Studies","International Economics","Other Economics"],"dc:title":["The EU ETS: A Critical Analysis"],"thesis:degree_level":["Masters Thesis"],"thesis:degree_name":["M.A."]},"updated_at":"2026-07-24T02:03:35Z"}