ETS prevents more electricity from coal from increasing emissions

Exciting round on Markus Lanz yesterday: Luisa Neubauer, Karen Pittel, Yasmine M’Barek and Ralf Stegner lively wrestled over new insights into the topics of climate protection, war in Ukraine and resource dependence on Russia. Without the always excellent differentiating contributions of VWL Professor Karen Pittel of the ifo Institute – Leibniz Institute for Economic Research, a lot more would certainly have ended up in the same pot and gotten mixed up.

Only one hint, which almost always gets lost, was also missing from her: the European Emissons Trading prevents that a reactivation of coal-fired power plants leads to more emissions in Europe. Only the number of available emission rights determines the amount of emissions, not whether Germany needs more or less of them.

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