“Emissions Trading Systems with Different Levels of Environmental Ambition: Implications for Linking – Report for the Carbon Market Policy Dialogue”, Stefano F. Verde, Giulio Galdi, Simone Borghesi, Jürg Fussler, Ted Jamieson, Emily Wimberger and Li Zhou (RSCAS-EUI, Italy)

This report, prepared for the Carbon Market Policy Dialogue (CMPD) deals with the implications of linking emissions trading systems (ETSs) that differ from each other in the level of environmental ambition. It provides a conceptual framework and summarizes the relevant scientific literature, discussing the current status of the six ETSs represented in the CMPD.