Emissions Trading as a Policy Instrument - Evaluation and Prospects.pdf

Emissions Trading as a Policy Instrument - Evaluation and Prospects PDF

Marc Gronwald

Emissions trading schemes figure prominently among policy instruments used to tackle the problem of climate change, and the European Union Emissions Trading Scheme (EU ETS), begun in 2005, is the largest cap-and-trade market so far established. Firms regulated by the EU ETS are provided with emissions allowances (each a onetime right to emit one ton of greenhouse gases) and may sell their unused allowances to firms that have higher rates of emissions. In this volume, leading economists offer empirical and theoretical perspectives on the early phases of implementation of the EU ETS. The contributors discuss the features of the EU ETS market

The two policy instruments, however, achieve very different income ... By contrast, a cap-and-trade system allows polluter firms to trade emissions ... associated with project origination, monitoring, and evaluation will add further ... about the environmental problem and the prospects for technology to address the problem ? BOX 3.2 EVALUATION CRITERIA FOR POLICY PROPOSALS. ... Emissions Trading Scheme (EU ETS) and other instruments within both EU and Member. State climate policy. The specific ... The prospect of such links could reopen the ...

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9780262029285 ISBN
Emissions Trading as a Policy Instrument - Evaluation and Prospects.pdf

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