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Alleviating Adverse Implications of EU Climate Policy on Competitiveness: The Case for Border Tax Adjustments or the Clean Development Mechanism?

Victoria Alexeeva-Talebi, Niels Anger, and Andreas Löschel

in Reforming Rules and Regulations: Laws, Institutions, and Implementation

Published in print:
2010
Published Online:
August 2013
ISBN:
9780262014687
eISBN:
9780262289412
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262014687.003.0005
Subject:
Economics and Finance, Econometrics

This chapter analyzes the environmental and competitiveness implications of introducing border tax adjustments (BTA) and the clean development mechanism (CDM) within the EU Emissions Trading Scheme ... More


Emissions Trading as a Policy Instrument: Evaluation and Prospects

Marc Gronwald and Beat Hintermann (eds)

Published in print:
2015
Published Online:
January 2016
ISBN:
9780262029285
eISBN:
9780262330435
Item type:
book
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029285.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

This book is the result of a workshop about emission permit markets in Venice, organized by the editors in collaboration with CESifo. The individual contributions were written independently of each ... More


The EU ETS: What We Know and What We Don’t Know

A. Denny Ellerman

in Emissions Trading as a Policy Instrument: Evaluation and Prospects

Published in print:
2015
Published Online:
January 2016
ISBN:
9780262029285
eISBN:
9780262330435
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029285.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental

The European Union’s Emissions Trading System (EU ETS) is the most salient example of emissions trading being used as a climate policy instrument, which many would argue is the most promising form ... More


Economics versus Climate Change

William A. Pizer

in The Design of Climate Policy

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262073028
eISBN:
9780262274500
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262073028.003.0010
Subject:
Environmental Science, Climate

This chapter presents the economic arguments applied to the problem of climate change. It examines whether an international agreement is necessary to initiate action on climate change. It also ... More


Combining International Cap-and-Trade with National Carbon Taxes

Peter Heindl, Peter J. Wood, and Frank Jotzo

in Emissions Trading as a Policy Instrument: Evaluation and Prospects

Published in print:
2015
Published Online:
January 2016
ISBN:
9780262029285
eISBN:
9780262330435
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029285.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines the effects of combining an international cap-and-trade scheme with national carbon taxes. We consider a two-country stochastic partial equilibrium model with log-normally ... More


Why Carbon Pricing Has Often Failed

Barry G. Rabe

in Can We Price Carbon?

Published in print:
2018
Published Online:
September 2019
ISBN:
9780262037952
eISBN:
9780262346580
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262037952.003.0003
Subject:
Political Science, Public Policy

This chapter examines nearly two decades of experience (1997-2015) in federal and sub-federal governments in the United States and Canada but also European and Asian nations in attempting to adopt ... More


Benchmark-Based Free Allocations in EU ETS Phase III: How Much Better Than Phase II?

Oliver Sartor, Stephen Lecourt, and Clement Pallière

in Emissions Trading as a Policy Instrument: Evaluation and Prospects

Published in print:
2015
Published Online:
January 2016
ISBN:
9780262029285
eISBN:
9780262330435
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029285.003.0004
Subject:
Economics and Finance, Development, Growth, and Environmental

This paper exploits a detailed and original database to analyse the welfare and efficiency implications of the move to benchmark-based free allocation rules in EU ETS Phase 3(2013-20). It is shown ... More


The Relationship between Spot and Futures CO2 Emission Allowance Prices in the EU ETS

Stefan Trück, Wolfgang Härdle, and Rafal Weron

in Emissions Trading as a Policy Instrument: Evaluation and Prospects

Published in print:
2015
Published Online:
January 2016
ISBN:
9780262029285
eISBN:
9780262330435
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029285.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

We investigate the relationship between spot and futures prices within the EU-ETS. We conduct an empirical study on price behavior, volatility term structure and correlations in EU Allowance (EUA) ... More


Reclaiming the Atmospheric Commons: The Regional Greenhouse Gas Initiative and a New Model of Emissions Trading

Leigh Raymond

Published in print:
2016
Published Online:
May 2017
ISBN:
9780262034746
eISBN:
9780262336161
Item type:
book
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262034746.001.0001
Subject:
Political Science, Environmental Politics

Reclaiming the Atmospheric Commons explains recent changes in emissions trading policy to address climate change with a new theory of sudden policy change. The new theory of “normative reframing” ... More


Introduction

Marc Gronwald and Beat Hintermann

in Emissions Trading as a Policy Instrument: Evaluation and Prospects

Published in print:
2015
Published Online:
January 2016
ISBN:
9780262029285
eISBN:
9780262330435
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029285.003.0012
Subject:
Economics and Finance, Development, Growth, and Environmental

In this introductory chapter, we describe the goals of the workshop in Venice that has led to this collection of essays and give a brief overview over the individual chapters in this book. We divide ... More


Offset Spread Options in the European Carbon Market

Timothy Fitzgerald

in Emissions Trading as a Policy Instrument: Evaluation and Prospects

Published in print:
2015
Published Online:
January 2016
ISBN:
9780262029285
eISBN:
9780262330435
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029285.003.0011
Subject:
Economics and Finance, Development, Growth, and Environmental

Observers of the European Union Emissions Trading System have puzzled over the use, or lack thereof, of carbon offset credits. Emitters eschewed an arbitrage opportunity by forgoing these credits to ... More


The EU ETS

Beat Hintermann and Marc Gronwald

in Emissions Trading as a Policy Instrument: Evaluation and Prospects

Published in print:
2015
Published Online:
January 2016
ISBN:
9780262029285
eISBN:
9780262330435
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029285.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter provides a brief overview of the EU ETS. It outlines the design and scope of this market, presents data on aggregate allocation as well as emissions, and summarizes the development of ... More


Introduction

Leigh Raymond

in Reclaiming the Atmospheric Commons: The Regional Greenhouse Gas Initiative and a New Model of Emissions Trading

Published in print:
2016
Published Online:
May 2017
ISBN:
9780262034746
eISBN:
9780262336161
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262034746.003.0001
Subject:
Political Science, Environmental Politics

This chapter introduces the main argument of the book: that the decision in RGGI to “reclaim the atmospheric commons” on behalf of the public by auctioning emissions allowances for the first time was ... More


From Theory to Practice—What It Takes to Achieve Implementation of Market-Based Instruments for Environmental Policy

Frank J. Convery

in Political Economy and Instruments of Environmental Politics

Published in print:
2015
Published Online:
January 2016
ISBN:
9780262029247
eISBN:
9780262329736
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029247.003.0002
Subject:
Political Science, Environmental Politics

The paper aims to provide the reader with a sense of the merits of looking backwards –learning from the past–in the area of market based instruments for environmental policy, and what it takes to ... More


Political Economy and Instruments of Environmental Politics

Friedrich Schneider, Andrea Kollmann, and Johanne Reichl (eds)

Published in print:
2015
Published Online:
January 2016
ISBN:
9780262029247
eISBN:
9780262329736
Item type:
book
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029247.001.0001
Subject:
Political Science, Environmental Politics

Economists have long argued that market-based instruments such as, environmental taxes, and emission trading systems, are the superior way to offset the negative externalities of any kind of economic ... More


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