Rescuing Eu Emissions Trading
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Rescuing Eu Emissions Trading
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Author : Jørgen Wettestad
language : en
Publisher: Springer
Release Date : 2016-05-25
Rescuing Eu Emissions Trading written by Jørgen Wettestad and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-25 with Political Science categories.
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.
A Smart Design Of New Eu Emissions Trading Could Save 61 Per Cent Of Mitigation Costs
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Author : Jan Abrell
language : en
Publisher:
Release Date : 2021
A Smart Design Of New Eu Emissions Trading Could Save 61 Per Cent Of Mitigation Costs written by Jan Abrell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
Carbon pricing is a key instrument for achieving Europe's ambitious climate targets. It is therefore not surprising that reform of the EU carbon market is at the heart of the measures proposed by the European Commission (EC). One important policy innovation would be the introduction of a second emissions trading system in Europe that integrates other sectors like buildings and road transport. This addresses some of the inefficiencies of the existing, fragmented EU carbon markets, but at the same time requires a policy decision with potentially large implications in terms of economic costs to achieve European climate goals: How should the EU carbon budget be divided between two separate carbon markets? Achieving the EU climate target of 55 per cent causes a decrease in the aggregate consumption level of the EU-27 countries of 2.8 per cent or 248.9 billion euros in 2030 under current EU climate policy (without considering possible benefits from avoided climate change damages). A new emissions trading system reduces these costs by 21.5 per cent under the current allocation of the EU climate budget and by 33.0 per cent under the allocation proposed by the European Commission. Larger cost reductions of up to 61.6 per cent are possible if an even larger emissions budget is allocated to the buildings and transport sectors. Given the difficulties to politically determine the allocation of the EU climate budget, market-based flexibility mechanisms are desirable in order to achieve climate targets at the lowest economic cost.
Emissions Trading Design
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Author : Stefan E. Weishaar
language : en
Publisher: Edward Elgar Publishing
Release Date : 2014-02-28
Emissions Trading Design written by Stefan E. Weishaar and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02-28 with Business & Economics categories.
Emissions trading is becoming an increasingly popular policy instrument with growing diversity in design. This book examines emissions trading design, emissions trading implementation problems and how to address them. In an easily accessible way
Eu Emissions Trading
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Author : Jon Birger Skjærseth
language : en
Publisher: Routledge
Release Date : 2016-04-22
Eu Emissions Trading written by Jon Birger Skjærseth and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-22 with Political Science categories.
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.
The Eu Emissions Trading Scheme
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Author : Sonja Butzengeiger
language : en
Publisher: Routledge
Release Date : 2018-12-07
The Eu Emissions Trading Scheme written by Sonja Butzengeiger and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-07 with Political Science categories.
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.
Including Consumption In Emissions Trading
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Author : Manuel W. Haussner
language : en
Publisher: Edward Elgar Publishing
Release Date : 2021-03-26
Including Consumption In Emissions Trading written by Manuel W. Haussner and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-26 with Law categories.
This timely book addresses the need for further measures to reduce greenhouse gas emissions in the European Union, arguing that the EU Emissions Trading Scheme does not offer sufficient incentives for the carbon-intensive materials sector. It highlights the challenge that emissions from industries such as iron and steel, cement and aluminium, amongst others, pose to the EU’s commitment to significantly cut emissions by 2030.
Climate Change And European Emissions Trading
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Author : Michael G. Faure
language : en
Publisher: Edward Elgar Publishing
Release Date : 2008
Climate Change And European Emissions Trading written by Michael G. Faure and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.
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.
Emissions Trading For Climate Policy
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Author : Bernd Hansjürgens
language : en
Publisher: Cambridge University Press
Release Date : 2005-07-28
Emissions Trading For Climate Policy written by Bernd Hansjürgens and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-07-28 with Business & Economics categories.
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.
Completion Of The Eu Emissions Trading Scheme In The Emerging Global Climate Regime
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Author : Christian Egenhofer
language : en
Publisher: CEPS
Release Date : 2004
Completion Of The Eu Emissions Trading Scheme In The Emerging Global Climate Regime written by Christian Egenhofer and has been published by CEPS this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Climatic changes categories.
National Allocation Plans In The Eu Emissions Trading Scheme
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Author : Michael Grubb
language : en
Publisher: Earthscan
Release Date : 2010-09-23
National Allocation Plans In The Eu Emissions Trading Scheme written by Michael Grubb and has been published by Earthscan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-09-23 with Business & Economics categories.
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.