Emissions Trading for Climate Policy
US and European Perspectives

This book offers a systematic comparison of US and European experiences of emissions trading.

Bernd Hansjürgens (Edited by)

9780521142045, Cambridge University Press

Paperback, published 1 April 2010

260 pages
22.9 x 15.2 x 1.5 cm, 0.39 kg

Review of the hardback: 'This volume provides a complete course for the reader who wants to come up to speed on emission trading, thoroughly addressing the main issues - conceptual, economic, political and legal - and providing a very useful survey of experience and lessons learned.' Dallas Burtraw, Senior Fellow, Resources for the Future

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.

List of figures
List of tables
List of contributors
Preface
List of abbreviations
1. Introduction Bernd Hansjürgens
Part I. Regulatory Instruments for Climate Policy: Theoretical Aspects: 2. Designing instruments for climate policy Thomas Sterner and Henrik Hammar
3. Technical innovation and design choices for emissions trading and other climate policies Carolyn Fischer
4. Incentives to adopt new abatement technology and US-European regulatory cultures Reimund Schwarze
Part II. The US Approach to Pollution Control: Lessons for Climate Policy: 5. Implications of the American experience with market-based environmental strategies for future climate policy Robert N. Stavins
6. US experience with emissions trading: lessons for CO2 emissions trading A. Denny Ellerman
7. Climate change policy viewed from the USA and the role of intensity targets Charles D. Kolstad
8. Design issues of a domestic carbon emissions trading system in the USA Richard D. Morgenstern
Part III. European Policies to Control Greenhouse Gases: the EU Directorate on Emissions Trading: 9. Regulation or coordination: European climate policy between Scylla and Charybdis Mikael Skou Andersen
10. Lobbyism and CO2 trade in the EU Gert Tinggaard Svendsen
11. Greenhouse gas emissions trading in the EU: building the world's largest cap-and-trade scheme Peter Zapfel
12. Legal aspects of the European Emissions Trading Scheme Michael Rodi
13. Emission trading schemes in Europe: linking the EU Emissions Trading Scheme with national programs Sven Bode
14. Concluding observations Bernd Hansjürgens
Index.

Subject Areas: International economic & trade law [LBBM], Environmental economics [KCN], Microeconomics [KCC], Comparative politics [JPB]