Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/297841 
Authors: 
Year of Publication: 
2024
Series/Report no.: 
EconPol Policy Brief No. 58
Publisher: 
CESifo GmbH, Munich
Abstract: 
The European Emissions Trading System is a cornerstone of the EU climate policy and its development is set until 2030. However, it is unclear what will happen afterwards. This policy brief compares three different scenarios: Rapid Decarbonization, 2050 Climate Neutral and a Break scenario. The simulations quantify the total benefits of a joint European effort at EUR 248 billion between 2024 and 2050. In the worst-case scenario, total costs could reach EUR 8.629 trillion.
Document Type: 
Research Report

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