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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.
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.
Author: Sonja Butzengeiger Publisher: Routledge ISBN: 1134034814 Category : Political Science Languages : en Pages : 150
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: Michael G. Faure Publisher: Edward Elgar Publishing ISBN: 1848446039 Category : Business & Economics Languages : en Pages : 425
Book Description
A collection of twelve superbly written contributions by leading researchers and scientists on greenhouse gas emissions trading by members of the European Union, as well as alternatives and new developments in this specialized area of global warming and reduction related commercial exchange. . . a seminal and strongly recommended work of particular relevance and value for both academic and governmental reference library collections on international environmental studies. Midwest Book Review This timely book focuses on the EU-wide greenhouse gas emissions trading scheme for major sources. It combines legal and economic approaches and reviews the major revision of this scheme. A distinguished range of authors assess the experiences thus far and also consider future development from both theoretical and practical perspectives. They also discuss many design options, including auctioning, credit and trade, the inclusion of aviation emissions, and linking possibilities. Moreover, attention is paid to the role of legal principles, the role of case law, and to aspects of democratic accountability within an emissions trading scheme. Ways to avoid carbon leakage and the role of national climate policies are also discussed. This book makes clear that the economic efficiency and effectiveness of an emissions trading scheme depend to a large extent on the specific legislative choices, and hence the legislative design of such a scheme deserves meticulous attention. Discussing legal and economic aspects of emissions trading, this book offers new insights to academics and policy makers both in the public and private sector. Those insights are not only relevant for understanding the past, but moreover for guiding the future design of emissions trading for greenhouse gases.
Author: Michael Grubb Publisher: Earthscan ISBN: 184977594X Category : Business & Economics Languages : en Pages : 160
Book Description
The EU emissions trading scheme is the largest emissions control scheme in the world, capping almost half of European CO2 emissions. As the scheme emerges from its pilot phase, this special issue of Climate Policy journal analyses the lessons learned from the last two years and their implications for phase II.The volume presents some of the key analyses that helped inform the European Commission's decisions on national allocation plans, with research ranging from detailed country-by-country comparisons to more generic analysis that puts forward the case for harmonization. Challenging calls to seperate electricity from other sectors, a macroeconomic study suggests that the biggest efficiency gains come from inter-sectoral trading, even more than international trading. Empirical papers, which look at the expected scarcity of allowances in the market and merge models for the power and non-power sectors to project emissions and contrast these to the aggregate allocation volume, are complemented by two numerical simulations of trade and distributional effects, estimating the efficiency gains of the EU ETS in phase I and assessing allocation and distribution effects in the RGGI context.
Author: Beatriz Pérez de las Heras Publisher: ISBN: 9788483556412 Category : Law Languages : en Pages : 325
Book Description
The European Union (EU) action against climate change began in the early 1980s, soon becoming a priority and a fundamental axis of its environmental policy. As a participating actor in world climate governance, the EU has been at the forefront of the world struggle against global warming since the 1990s. This activism on the international scene has served as a stimulus for common action against climate change, and has, in the last 10 years, become a world reference and the most consistent strategy of the EU foreign environmental policy. The most relevant initiative that is being carried out at the moment is, undoubtedly, the EU Greenhouse Gas Emissions Trading Scheme (ETS). This instrument constitutes the first and most important international measure imposing maximum limits to CO2 emissions adopted in fulfilment of the Kyoto Protocol. Since it was adopted and implemented in 2005, the ETS has become the cornestone and the flagship of the EU strategy on climate change. This book is the outcome of an international inter-university research project. It is meant as an in-depth analysis of the EU ETS in its two application phases and beyond 2012, while assessing its effectiveness as an instrument that contributes to combat global warming. Thus, the study will be useful to those who, within or outside the university sphere, aim to better understand the EU climate change action in particular as well as to all those who are interested in the European construction process in general. Finally, The European Union Greenhouse Gas Emissions Trading Scheme: abilities and prospects of a climate governance instrument intends to be a first detailed study on the ETS, and may serve as a basis for further and deeper analyses of the EU action against global warming.
Author: Larry Parker Publisher: DIANE Publishing ISBN: 1437929354 Category : Science Languages : en Pages : 22
Book Description
This is a print on demand edition of a hard to find publication. The European Union¿s (EU) ETS is a cornerstone of the EU¿s efforts to meet its obligation under the Kyoto Protocol. It covers more than 10,000 energy intensive facilities across the 27 EU Member countries. A ¿Phase 1¿ trading period began 1/1/05. A second, Phase 2, trading period began in 2008. A Phase 3 will begin in 2013 designed to reduce emissions by 21% from 2005 levels. Contents of this report: (1) Overview; (2) Results from Phase 1 and 2; (3) Phase 3: Auctions; New Entrant Reserves; Decision on Eligible Industries; Flexibility Mechanisms and Price Volatility Control; Expanding Coverage; (4) U.S. Cap-and-Trade Proposals: Emission Inventories and Target Setting; Coverage; Allocation Schemes; Flexibility and Price Volatility. Illustrations.
Author: A. Denny Ellerman Publisher: Cambridge University Press ISBN: 1139465104 Category : Business & Economics Languages : en Pages : 36
Book Description
A critical issue in dealing with climate change is deciding who has a right to emit carbon dioxide. Allocation in the European Emissions Trading Scheme provided the first in-depth description and analysis of the process by which rights to emit carbon dioxide were created and distributed in the European Union. This was the world's first large-scale experiment with an emission trading system for carbon dioxide and was likely to be copied by others if there was to be a global regime for limiting greenhouse gas emissions. The book comprises contributions from those responsible for putting the allocation into practice in ten representative member states and at the European Commission. The problems encountered in this process, the solutions found, and the choices they made, will be of interest to all who are concerned with climate policy and the use of emissions trading to combat climate change.
Author: Bernd Hansjürgens Publisher: Cambridge University Press ISBN: 1139446371 Category : Business & Economics Languages : en Pages : 261
Book Description
The 1997 Kyoto Conference introduced emissions trading as a policy instrument for climate protection. Bringing together scholars in the fields of economics, political science and law, this book, which was originally published in 2005, provides a description, analysis and evaluation of different aspects of emissions trading as an instrument to control greenhouse gases. The authors analyse theoretical aspects of regulatory instruments for climate policy, provide an overview of US experience with market-based instruments, draw lessons from trading schemes for the control of greenhouse gases, and discuss options for emissions trading in climate policy. They also highlight the background of climate policy and instrument choice in the US and Europe and the foundation of systems in Europe, particularly the EU's directive for a CO2 emissions trading system.
Author: Jon Birger Skjærseth
Author: Jon Birger Skjærseth
Author: Sonja Butzengeiger
Author: Michael G. Faure
Author: A. Denny Ellerman
Author: Michael Grubb
Author: Beatriz Pérez de las Heras
Author: Larry Parker
Author: A. Denny Ellerman
Author: Bernd Hansjürgens
Author: Christian Egenhofer