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Interaction between EU Instruments and Member-State Instruments: The End of CO2 Emissions Trading in Europe?

A. J. Mulder

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/9780262029285.003.0007
Subject:
Economics and Finance, Development, Growth, and Environmental

EU member-states rely on both a collectively governed EU Emissions Trading Scheme (EU ETS) as well as a wide array of national instruments that operate in parallel with the EU ETS. Parallel ... More


Governance Issues in a Multinational Cap-and-Trade System: Centralization and Harmonization

Denny Ellerman

in Global Environmental Commons: Analytical and Political Challenges in Building Governance Mechanisms

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199656202
eISBN:
9780191742149
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199656202.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

The European Union’s CO2 Emissions Trading Scheme (EU ETS) has shown that cap-and-trade systems can work in a highly decentralized multinational setting, but that experience has also revealed some ... 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


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


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


Climate and Energy

David Langlet and Said Mahmoudi

in EU Environmental Law and Policy

Published in print:
2016
Published Online:
November 2016
ISBN:
9780198753926
eISBN:
9780191831904
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198753926.003.0011
Subject:
Law, Environmental and Energy Law

This chapter details EU efforts in taking action against climate change and, in conjunction, maintaining more energy efficient solutions. Notably, the EU committed itself to taking action against ... More


EU Emissions Trading and Regulatory Uncertainty

Andreas Lange

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/9780262029285.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

This paper discusses the EU ETS as a dynamic system. I review changes to the rules of the market that have been proposed or implemented in reaction to observed market developments. I link such a ... More


Other Applications of the Public Benefit Model and Normative Reframing

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/9780262034746.003.0005
Subject:
Political Science, Environmental Politics

After RGGI’s implementation in 2008, a series of political set backs led some to declare cap and trade “dead.” This chapter rejects the asserted demise of cap and trade, arguing that the public ... 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

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


Economics Is Not Enough: The “Old Model” of Cap and Trade

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/9780262034746.003.0003
Subject:
Political Science, Environmental Politics

This chapter describes the “old” model of cap-and-trade policy design that largely controlled emissions trading policy from its origins in the 1970s through the 1990s, under which emissions trading ... 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


Find Better Ways to Pay for Resilience

Hill and

in Building a Resilient Tomorrow: How to Prepare for the Coming Climate Disruption

Published in print:
2020
Published Online:
November 2019
ISBN:
9780190909345
eISBN:
9780190069247
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190909345.003.0005
Subject:
Political Science, Environmental Politics

Even for the largest economy in the world, ever-larger climate bailouts are not a responsible solution to confronting present and future climate impacts. Governments everywhere, including in the ... More


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