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EU Emissions Trading Scheme Reform: a change for the better?, Carlo Carraro's blog, 17/11/2014http://www.carlocarraro.org/en/topics/climate-policy/eu-emissions-trading-scheme-reform-a-change-for-the-better/On the 23 October 2014, the European Council endorsed a binding EU target of a domestic reduction in greenhouse gas emissions by at least 40% compared with 1990 levels. This target implies a reduction in emissions by 43% from sectors covered by the ETS. To achieve this goal, the EU has proposed a reform of the EU Emissions Trading Scheme (EU ETS) largely through the inclusion of a mechanism to stabilize the market...