How to make the carbon offsets mechanism work in the current phase of the EU ETS?: A model-based analysis

Massively reducing Greenhouse Gas (GHG) emissions is one of the biggest challenges of the 21th century. An important deployment of Renewable Energies (RE) can be a key element in attaining this objective. Setting a (high) carbon price would greatly help as it would send a powerful signal to RE investors that it is time to switch from high...