Breaking down the EU emissions trading system through the literature

Abstract

I began to research with the sole purpose of trying to understand the carbon market,out of curiosity, right after my summer internship at Esmalglass-Itaca group, a heavy energy dependent producer in the tile, frits and glazes industry, and a heavy carbon emitter. The environmental quality control team showed me some data proving that the group (Altadia) has reduced its emissions by 40% since 2005, and yet in the carbon market they have gone from a selling position in regard to emission rights, to a buyers one in the market perspective. They have to buy emission rights despite such a significant reduction. Since then, all I wanted to do was to understand how the market works and what the experts have to say about its trends, market mechanisms and controversies.