Climate Policy after Copenhagen
The Role of Carbon Pricing

A timely analysis of carbon pricing that contains important lessons for anyone concerned with the development of post-Copenhagen climate policy.

Karsten Neuhoff (Author)

9781107008939, Cambridge University Press

Hardback, published 16 June 2011

292 pages, 47 b/w illus. 5 tables
22.9 x 15.2 x 1.7 cm, 0.56 kg

'Karsten Neuhoff makes an interesting case in showing that the failure to adopt a comprehensive climate agreement in Copenhagen may have been the result of some fundamental underlying changes. The Copenhagen Accord could therefore mark the beginning of a bottom-up approach in which domestic policy design based on carbon pricing as well as specific regulations can be supported through international co-operation. If his analysis proves right, the EU is in principle well equipped to such a change, but may have to rethink some elements of its international negotiation strategy accordingly.' Jos Delbeke, Director-General for Climate Action, European Commission

At the UN Climate Negotiations in Copenhagen, 117 heads of state concluded that low-carbon development is necessary in order to combat climate change. However, they also understood that transition to a low-carbon economy requires the implementation of a portfolio of policies and programs - a challenging endeavour for any nation. This book addresses the need for information about factors impacting climate policy implementation, using as a case study one effort that is at the heart of attempts to create a low-carbon future: the European Emission Trading Scheme. It explores problems surrounding the implementation of the ETS, including the role of vested interests, the impact of design details and opportunities to attract long-term investments. It also shows how international climate cooperation can be designed to support the domestic implementation of low-carbon policies. This timely analysis of carbon pricing contains important lessons for all those concerned with the development of post-Copenhagen climate policy.

List of figures
List of tables
List of text boxes
1. Introduction
2. The role of a climate policy mix
3. Implementing a carbon price, the example of cap and trade
4. Shifting investment to low-carbon choices
5. Co-operation among developed countries - a role for carbon markets?
6. A world of different carbon prices
7. International support for low-carbon growth in developing countries
8. Conclusion
References
Index.

Subject Areas: Conservation of the environment [RNK], The environment [RN], Business ethics & social responsibility [KJG], Environmental economics [KCN]