This paper presents an approach to assess the short to medium-term effects of the Emissions Trading System (ETS), an economic and climate policy instrument aimed at reducing greenhouse gas emissions, on GDP from the expenditure side. The analysis focuses on Serbia’s electricity sector, which relies heavily on lignite-based pro duction dominated by state-owned enterprises. The obtained projections suggest that in the short term, the introduction of an ETS may lead to slower GDP growth compared to official forecasts. However, ...
Boban Pavlović, Nikola Trtica. "Projecting short to medium-term effects of carbon emissions trading on Serbia's GDP" in Utilities Policy, Elsevier BV (2024). https://doi.org/10.1016/j.jup.2024.101855
