The study is only available in French.
The fight against climate change cannot depend solely on the European CO2 market. The European policy for combatting climate change consisting of putting a price on CO2 through the creation of an emissions trading market has failed for two reasons: a) because the economic crisis is the main cause of the decrease in emissions, as production has diminished and b) because the market on its own could not put a price on it.
What are the conditions for replacing the artificial price by a socially responsible price?
In other words, for moving from a price with a purely financial definition to a price with an economic, social and financial definition, as should be the case for every policy aiming at effectively combatting climate change.