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Author: Charlotte Unger Publisher: Routledge ISBN: 1000372448 Category : Science Languages : en Pages : 132
Book Description
This book focuses on the linking of the European Union Emissions Trading System (EU ETS) with other independent regional ETS. While rich practical and academic research has evolved on the economic and technical side of ETS linking, political drivers and barriers have so far been underrepresented in this debate. Filling this lacuna and based on international relations theory, existing research and qualitative fieldwork, this book introduces the range of political conditions that influence linking, such as political leadership and stakeholder activity. Specifically, it analyzes which of these aspects have played a role in three different linking activities of the EU: (1) a failed linking attempt: EU ETS–California Cap-and-Trade Program; (2) a successful linking treaty: EU ETS–Switzerland Emissions Trading System; and (3) an agreed-upon but not realized link: EU ETS–Australia Carbon Pricing Mechanism. Through an interrogation of these examples, Dr. Unger concludes that it is not only the technical challenges or the overall economic benefit but rather domestic interests, structural aspects, and external international political developments that have jointly dominated linking activities, especially those in which the EU takes part. This book will be of great interest to scholars and policy-makers working in climate policy and EU environmental politics.
Author: Charlotte Unger Publisher: Routledge ISBN: 1000372448 Category : Science Languages : en Pages : 132
Book Description
This book focuses on the linking of the European Union Emissions Trading System (EU ETS) with other independent regional ETS. While rich practical and academic research has evolved on the economic and technical side of ETS linking, political drivers and barriers have so far been underrepresented in this debate. Filling this lacuna and based on international relations theory, existing research and qualitative fieldwork, this book introduces the range of political conditions that influence linking, such as political leadership and stakeholder activity. Specifically, it analyzes which of these aspects have played a role in three different linking activities of the EU: (1) a failed linking attempt: EU ETS–California Cap-and-Trade Program; (2) a successful linking treaty: EU ETS–Switzerland Emissions Trading System; and (3) an agreed-upon but not realized link: EU ETS–Australia Carbon Pricing Mechanism. Through an interrogation of these examples, Dr. Unger concludes that it is not only the technical challenges or the overall economic benefit but rather domestic interests, structural aspects, and external international political developments that have jointly dominated linking activities, especially those in which the EU takes part. This book will be of great interest to scholars and policy-makers working in climate policy and EU environmental politics.
Author: Andreas Tuerk Publisher: Routledge ISBN: 113657428X Category : Political Science Languages : en Pages : 195
Book Description
A growing number of GHG emissions trading schemes are being implemented at regional or national levels. However, even as the number of different schemes grows, few linkages exist between them. Major cap-and-trade proposals are currently at important stages in their development, especially in the United States, Japan and Australia, some of which explicitly emphasize the aim of linking with other schemes. One of the strategic goals of European climate policy is linking the EU ETS with other comparable schemes. The research presented in this volume is on actual economic, political and institutional constraints and implications. It examines the role of linking trading schemes for the development of the post-Kyoto climate architecture and for increasing linkage between schemes. This essential research will be relevant to both the scientific community and for policymakers who are involved in the design of emerging trading schemes and offset mechanisms, as well as in designing the post Kyoto climate regime. This volume focuses specifically on: o Economic, institutional/regulatory and legal dimensions of linking o Implications of linking on the design of emerging trading schemes o The role of linking trading schemes for the development of the post-Kyoto climate regime
Author: Jon Birger Skjærseth Publisher: Routledge ISBN: 1317140346 Category : Political Science Languages : en Pages : 264
Book Description
The EU Emissions Trading Scheme (EU ETS) has been characterized as one of the most far-reaching and radical environmental policies for many years. Given the EU's earlier resistance to this market-based and US-flavoured programme, the development and implementation of the EU ETS has been rapid. This novel approach to environmental regulation has the potential to affect not only greenhouse gas emissions in the EU, but also international strategies for climate change protection. This book investigates the origins, evolution and consequences of the EU ETS and offers significant contributions to the literatures on climate policy and EU policy making.
Author: Publisher: ISBN: Category : Languages : en Pages : 17
Book Description
As the world's largest economy, United States is also the largest consumer of fossil energy sources and the largest per capita emitter of greenhouse gases. A newly appointed administration and changed majorities in Congress have created more favourable conditions for federal climate action. As in the European Union, emission trading is a central feature in legislation currently before the US Congress, and has already been implemented at the regional level through the Regional Greenhouse Gas Initiative (RGGI). Emergence of such trading systems in the US offers the opportunity of a future trading link to the EU Emissions Trading Scheme (EU ETS), which in turn would promise greater diversity of abatement options, improved market size and liquidity, and ultimately a more efficient allocation of resources. Subject to further conditions, existing and proposed trading systems in the US already provide for the unilateral recognition of foreign allowances, including EU ETS allowances (EUAs). Yet a full bilateral trading link allowing open market flows across the Atlantic raises additional challenges. Research has shown that differences in certain design features of ET systems can undermine the benefits of a potential market link. The Waxman-Markey bill shows that few aspects of the trading system outlined in this bill would prompt incompatibility with the EU ETS. In the near term, mitigation targets are significantly weaker than those adopted in Europe, suggesting that carbon prices will initially differ across the Atlantic; yet reduction objectives become more stringent over time, improving the prospects for a functional market link. Monitoring and enforcement structures appear sufficiently effective to afford the necessary confidence in a functioning market. More problematic are generous provisions on the eligibility of domestic and international offsets, and a low trigger price for auctions from a strategic reserve that would increase supply in the market. A US dominant climate concern has centred on the international competitiveness of its domestic industry. A transatlantic market link may be an ambitious challenge.
Author: Simone Borghesi Publisher: Springer ISBN: 3319311867 Category : Science Languages : en Pages : 122
Book Description
Given the rapid spread of ETSs in an increasing number of countries and the important role that they are likely to play for the success or failure of the environmental policy in the years to come, this book provides an interdisciplinary analysis of the EU ETS from both the legal and economic perspectives comparing it with the other main ETSs existing worldwide, in order to assess whether the EU ETS has truly represented a prototype for the other ETSs established around the world and to investigate the current perspectives for linking them in the future.Through the years, the EU ETS has progressively gained a paramount position within the EU environmental policy and climate change legislation and currently represents the most striking flagship in this sector, with more than 11.000 installations covered by the scheme. In parallel, the EU ETS has paved the way for the establishment of many other ETSs in several other jurisdictions. Such schemes are now recognized worldwide as the “cornerstones” of the climate change policy.
Author: Matthias Machinek Publisher: Springer Nature ISBN: 3658366672 Category : Political Science Languages : en Pages : 192
Book Description
Anthropogenic Climate Change is one of the biggest challenges of the 21st century and receives more and more international awareness. The central instruments to counter climate change are emissions trading schemes (ETS) to cover GHG emissions. To increase efficiency and to ensure global reduction of emissions damaging to the climate, an international emissions trading scheme would be a rational choice. To establish such a global scheme, political decision makers could follow a bottom-up-approach by linking already existing ETS with each other. The book investigates such linkings of emissions trading schemes, which provide many benefits for the linking partners. As experience shows, although the number of schemes increased in the last decade, only a few linkings were established. Thus, the book answers the question, if and which conditions for states exist to link their emissions trading schemes. .
Author: U K Stationery Office Publisher: The Stationery Office ISBN: 9780104014080 Category : Business & Economics Languages : en Pages : 254
Book Description
Both the UK and the EU have pinned much of their climate change policy on the effective opeation of the EU emissions trading system (ETS). Now in its second year the scheme has yet to demonstate that it can deliver the substantial greenhouse gas emission reductions that will form the yardstick of its success. This report examines the proposed revisions to the ETS, which would take effect in the scheme's third trading period, scheduled to last from 2013 to 2020. It is ultimately felt that if the ETS is to live up to its full potential, the aim must be to link it up with emissions trading schemes in other parts of the world so as to make the most of emission reduction opportunities in additional countries and sectors. However, the establishment of such links could prove arduous. It is anticipated that the EU may eventually face stark trade-offs between maintaining the environmental integrity of the ETS and extending its reach.
Author: Sonja Butzengeiger Publisher: Routledge ISBN: 1134034741 Category : Political Science Languages : en Pages : 146
Book Description
This special issue of the Climate Policy journal outlines the fundamentals of the new European Emissions Trading Scheme (EU ETS), assesses the strategies for and impact of implementation and highlights the scheme's potential, including positive aspects and remaining hurdles. The EU Emission Trading Scheme (EU ETS) is the first international trading scheme for CO2 in the world. Its aim is to reduce the cost of compliance to existing targets under the Kyoto Protocol. From 1st January 2005, companies in high-energy sectors covered by the scheme must limit their CO2 emissions to allocated levels, arranged in two periods: from 2005-2007 and 2008-2012 (to match the first Kyoto commitment period). In practice, the scheme is likely to cover over 12,000 installations across the European Union, corresponding to approximately 46% of the total EU CO2 emissions. The EU ETS represents a significant development in working at an international level to combat dangerous climate change. The EU Emissions Trading Scheme presents a comprehensive and insightful analysis of the EU ETS, written by international experts in the field. The publication includes the latest research on emissions credits, the interaction of the trading scheme with national energy policies and the debate on future expansion.
Author: Jos Delbeke Publisher: Routledge ISBN: 1000750930 Category : Nature Languages : en Pages : 181
Book Description
This book explains the EU’s climate policies in an accessible way, to demonstrate the step-by-step approach that has been used to develop these policies, and the ways in which they have been tested and further improved in the light of experience. The latest changes to the legislation are fully explained throughout. The chapters throughout this volume show that no single policy instrument can bring down greenhouse gas emissions. The challenge facing the EU, as for many countries that have made pledges under the Paris Agreement, is to put together a toolbox of policy instruments that is coherent, delivers emissions reductions, and is cost-effective. The book stands out by the fact it covers the EU’s emissions trading system, the energy sector and other economic sectors, including their development in the context of international climate policy. This accessible book will be of great relevance to students, scholars and policy makers alike. The Open Access version of this book, available at http://www.taylorfrancis.com/books/e/9789276082569, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.
Author: Charlotte Unger
Author: Charlotte Unger
Author: Andreas Tuerk
Author: Jon Birger Skjærseth
Author: 
Author: Simone Borghesi
Author: Matthias Machinek
Author: U K Stationery Office
Author: Christian Egenhofer
Author: Sonja Butzengeiger
Author: Jos Delbeke