David Newbery, David Reiner and Robert Ritz published a Policy Brief “A carbon price floor for power generation to reaffirm EU climate leadership” on 28 June 2018. The brief is based on the EPRG Working Paper #1816
‘The European Union should introduce a minimum price on carbon dioxide from electricity generation to accelerate low-carbon investment and the switch from coal-fired generation to cleaner gas. Such a minimum price could be introduced within the EU’s existing Emissions Trading Scheme (EU ETS), effectively “topping up” the EU ETS price, says the paper. Currently, carbon prices in the EU lie well below levels needed to deliver on ambitious climate targets’.
The full text of the brief can be found here
You can also read the summary of the brief on CJBS website