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Rescuing EU Emissions Trading

Rescuing EU Emissions Trading PDF Author: Jørgen Wettestad
Publisher: Springer
ISBN: 1137566744
Category : Political Science
Languages : en
Pages : 130

Book Description
This book draws upon a meticulous study of background documents and a string of fresh interviews to tell the fascinating story of how the EU’s climate flagship was significantly improved. The EU’s emissions trading system (ETS) covers almost half of its greenhouse gas emissions and has been hailed as the cornerstone and flagship of EU climate policy. But in spring 2013 the ETS was in severe crisis, with a huge surplus of allowances and a sagging carbon price. Even a formally simple measure to change the timing of auctioning was initially rejected by the European Parliament. Two years later a much more important ‘market thermostat’ was adopted (i.e. the Market Stability Reserve) and proposals for a complete ETS overhaul were put on the table. This book examines and explains how it was possible to turn the flagship around so quickly. Crucial changes at EU and national levels are identified, chief among them in Germany and the European Parliament.

Rescuing EU Emissions Trading

Rescuing EU Emissions Trading PDF Author: Jørgen Wettestad
Publisher: Springer
ISBN: 1137566744
Category : Political Science
Languages : en
Pages : 130

Book Description
This book draws upon a meticulous study of background documents and a string of fresh interviews to tell the fascinating story of how the EU’s climate flagship was significantly improved. The EU’s emissions trading system (ETS) covers almost half of its greenhouse gas emissions and has been hailed as the cornerstone and flagship of EU climate policy. But in spring 2013 the ETS was in severe crisis, with a huge surplus of allowances and a sagging carbon price. Even a formally simple measure to change the timing of auctioning was initially rejected by the European Parliament. Two years later a much more important ‘market thermostat’ was adopted (i.e. the Market Stability Reserve) and proposals for a complete ETS overhaul were put on the table. This book examines and explains how it was possible to turn the flagship around so quickly. Crucial changes at EU and national levels are identified, chief among them in Germany and the European Parliament.

Rescuing EU Emissions Trading

Rescuing EU Emissions Trading PDF Author: Jørgen Wettestad
Publisher: Palgrave Macmillan
ISBN: 9781137566737
Category : Political Science
Languages : en
Pages : 0

Book Description
This book draws upon a meticulous study of background documents and a string of fresh interviews to tell the fascinating story of how the EU’s climate flagship was significantly improved. The EU’s emissions trading system (ETS) covers almost half of its greenhouse gas emissions and has been hailed as the cornerstone and flagship of EU climate policy. But in spring 2013 the ETS was in severe crisis, with a huge surplus of allowances and a sagging carbon price. Even a formally simple measure to change the timing of auctioning was initially rejected by the European Parliament. Two years later a much more important ‘market thermostat’ was adopted (i.e. the Market Stability Reserve) and proposals for a complete ETS overhaul were put on the table. This book examines and explains how it was possible to turn the flagship around so quickly. Crucial changes at EU and national levels are identified, chief among them in Germany and the European Parliament.

Carbon Markets in a Climate-Changing Capitalism

Carbon Markets in a Climate-Changing Capitalism PDF Author: Gareth Bryant
Publisher: Cambridge University Press
ISBN: 1108386229
Category : Political Science
Languages : en
Pages : 195

Book Description
The promise of harnessing market forces to combat climate change has been unsettled by low carbon prices, financial losses, and ongoing controversies in global carbon markets. And yet governments around the world remain committed to market-based solutions to bring down greenhouse gas emissions. This book discusses what went wrong with the marketisation of climate change and what this means for the future of action on climate change. The book explores the co-production of capitalism and climate change by developing new understandings of relationships between the appropriation, commodification and capitalisation of nature. The book reveals contradictions in carbon markets for addressing climate change as a socio-ecological, economic and political crisis, and points towards more targeted and democratic policies to combat climate change. This book will appeal to students, researchers, policy makers and campaigners who are interested in climate change and climate policy, and the political economy of capitalism and the environment.

The Evolution of Carbon Markets

The Evolution of Carbon Markets PDF Author: Jørgen Wettestad
Publisher: Routledge
ISBN: 9780415785426
Category : Carbon offsetting
Languages : en
Pages : 0

Book Description
By carrying out a groundbreaking analysis of their design and diffusion, this book covers all the major carbon market systems in operation: the EU, RGGI, California, Tokyo, New Zealand, Australia, China, South Korea and Kazakhstan.

Pricing Carbon

Pricing Carbon PDF Author: A. Denny Ellerman
Publisher:
ISBN: 9781139042017
Category : Carbon offsetting
Languages : en
Pages : 392

Book Description
The first detailed description and analysis of the European Union Emissions Trading Scheme.

EU Emissions Trading

EU Emissions Trading PDF Author: Jon Birger Skjærseth
Publisher: Routledge
ISBN: 1317140354
Category : Political Science
Languages : en
Pages : 231

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.

Sustainable Finance in Europe

Sustainable Finance in Europe PDF Author: Danny Busch
Publisher: Springer Nature
ISBN: 3031536967
Category :
Languages : en
Pages : 732

Book Description


Toward a New Climate Agreement

Toward a New Climate Agreement PDF Author: Todd Cherry
Publisher: Routledge
ISBN: 1136163581
Category : Business & Economics
Languages : en
Pages : 329

Book Description
Climate change is one of the most pressing problems facing the global community. Although most states agree that climate change is occurring and is at least partly the result of humans’ reliance on fossil fuels, managing a changing global climate is a formidable challenge. Underlying this challenge is the fact that states are sovereign, governed by their own laws and regulations. Sovereignty requires that states address global problems such as climate change on a voluntary basis, by negotiating international agreements. Despite a consensus on the need for global action, many questions remain concerning how a meaningful international climate agreement can be realized. This book brings together leading experts to speak to such questions and to offer promising ideas for the path toward a new climate agreement. Organized in three main parts, it examines the potential for meaningful climate cooperation. Part 1 explores sources of conflict that lead to barriers to an effective climate agreement. Part 2 investigates how different processes influence states’ prospects of resolving their differences and of reaching a climate agreement that is more effective than the current Kyoto Protocol. Finally, part 3 focuses on governance issues, including lessons learned from existing institutional structures. The book is unique in that it brings together the voices of experts from many disciplines, such as economics, political science, international law, and natural science. The authors are academics, practitioners, consultants and advisors. Contributions draw on a variety of methods, and include both theoretical and empirical studies. The book should be of interest to scholars and graduate students in the fields of economics, political science, environmental law, natural resources, earth sciences, sustainability, and many others. It is directly relevant for policy makers, stakeholders and climate change negotiators, offering insights into the role of uncertainty, fairness, policy linkage, burden sharing and alternative institutional designs.

Making Climate Policy Work

Making Climate Policy Work PDF Author: Danny Cullenward
Publisher: John Wiley & Sons
ISBN: 1509541810
Category : Political Science
Languages : en
Pages : 164

Book Description
For decades, the world’s governments have struggled to move from talk to action on climate. Many now hope that growing public concern will lead to greater policy ambition, but the most widely promoted strategy to address the climate crisis – the use of market-based programs – hasn’t been working and isn’t ready to scale. Danny Cullenward and David Victor show how the politics of creating and maintaining market-based policies render them ineffective nearly everywhere they have been applied. Reforms can help around the margins, but markets’ problems are structural and won’t disappear with increasing demand for climate solutions. Facing that reality requires relying more heavily on smart regulation and industrial policy – government-led strategies – to catalyze the transformation that markets promise, but rarely deliver.

The Allocation of Regulatory Competence in the EU Emissions Trading Scheme

The Allocation of Regulatory Competence in the EU Emissions Trading Scheme PDF Author: Josephine van Zeben
Publisher: Cambridge University Press
ISBN: 1139916793
Category : Law
Languages : en
Pages : 283

Book Description
The European Union's Emissions Trading System (EU ETS) is the world's largest carbon trading market. This book offers a new perspective on the EU ETS as a multi-level governance regime, in which the regulatory process is composed of three distinct 'competences' - norm setting, implementation, and enforcement. Are these competences best combined in a single regulator at one level of government or would they be better allocated among a variety of regulators at different levels of government? The combined legal, economic, and political analysis in this book reveals that the actual allocation of competences within the EU ETS diverges from a hypothetical ideal allocation in important ways, and provides a political economy explanation for the existing allocation of norm setting, implementation and enforcement competences among various levels of European government.