Samenvatting: The present study analyses the potential capital transfers between economicsectors resulting from the grandfathering of tradable CO2 emission allowances in Western Europe over the period 1990-2030. Four different policy variants of grandfathering are studied by means of a bottom-up optimisation model called MARKAL-MATTER 3.0. In addition to the potential capital transfers, the study estimates the abatement costs of these policy variants.
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