Emissions Trading As A Policy Instrument

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Emissions Trading as a Policy Instrument

Author : Marc Gronwald,Beat Hintermann
Publisher : MIT Press
Page : 299 pages
File Size : 42,7 Mb
Release : 2015-07-10
Category : Business & Economics
ISBN : 9780262029285

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Emissions Trading as a Policy Instrument by Marc Gronwald,Beat Hintermann Pdf

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. In the EU ETS, firms regulated by the scheme are provided with emissions allowances (each a one-time right to emit one ton of greenhouse gases) and can 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 the EU ETS implementation. The contributors discuss the features of the EU ETS market; and regulatory uncertainty stemming from rule changes; the political economy context of the trading scheme, including allowance allocation and the influence of lobbying on abatement decisions; the coexistence of such overlapping instruments for climate policy as pricing and taxation; the relationship between spot and futures markets for allowances, and firms' responses to various features of the EU ETS, including fluctuating allowance prices, free allocation, and links to the Kyoto process. They show that, although the basic theory behind emissions permit markets is straightforward, design features, market structure, and interactions with other policy instruments can influence the efficiency of the scheme.--

Emissions Trading Design

Author : Stefan E. Weishaar
Publisher : Edward Elgar Publishing
Page : 272 pages
File Size : 44,7 Mb
Release : 2014-02-28
Category : Business & Economics
ISBN : 9781781952221

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Emissions Trading Design by Stefan E. Weishaar Pdf

Emissions trading is becoming an increasingly popular policy instrument with growing diversity in design. This book examines emissions trading design, emissions trading implementation problems and how to address them. In an easily accessible way

Emissions Trading for Climate Policy

Author : Bernd Hansjürgens
Publisher : Cambridge University Press
Page : 261 pages
File Size : 51,7 Mb
Release : 2005-07-28
Category : Business & Economics
ISBN : 9781139446372

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Emissions Trading for Climate Policy by Bernd Hansjürgens Pdf

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.

Emissions Trading

Author : Ralf Antes,Bernd Hansjürgens,Peter Letmathe
Publisher : Springer Science & Business Media
Page : 281 pages
File Size : 51,7 Mb
Release : 2008-07-01
Category : Business & Economics
ISBN : 9780387736532

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Emissions Trading by Ralf Antes,Bernd Hansjürgens,Peter Letmathe Pdf

Emissions trading challenges the management of companies in an entirely new manner. Most importantly it shifts the mode of governance of environmental policy from hierarchy to market. The contributions in this book discuss the theoretical implications of different institutional designs of emissions trading schemes. They review schemes implemented in the US and Europe, and evaluate the range of investment decisions and corporate strategies resulting from the new policy framework.

Emissions Trading and Business

Author : Ralf Antes,Bernd Hansjürgens,Peter Letmathe
Publisher : Springer Science & Business Media
Page : 400 pages
File Size : 53,9 Mb
Release : 2006-11-22
Category : Business & Economics
ISBN : 9783790817485

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Emissions Trading and Business by Ralf Antes,Bernd Hansjürgens,Peter Letmathe Pdf

Emissions trading (ET) challenges business managers in an entirely new manner, changing the criteria by which environmental policy steers management decisions from hierarchical to monetary. The 24 contributions to this volume discuss ET theoretically and empirically in these broad topic areas: 1) Institutional design, decision making and innovation; 2) Investment and management strategies; 3) ET and business administration and 4) Effects of existing and emerging ET schemes.

Emissions Trading

Author : Ralf Antes,Bernd Hansjürgens,Peter Letmathe,Stefan Pickl
Publisher : Springer Science & Business Media
Page : 284 pages
File Size : 53,9 Mb
Release : 2011-08-12
Category : Business & Economics
ISBN : 3642205925

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Emissions Trading by Ralf Antes,Bernd Hansjürgens,Peter Letmathe,Stefan Pickl Pdf

Emissions trading challenges the management of companies in an entirely new manner: Not only does it, like other market-based environmental policy instruments, allow for a bigger flexibility in management decisions concerning emission issues. More importantly, it shifts the mode of governance of environmental policy from hierarchy to market. But how is this change reflected in management processes, decisions and organizational structures? The contributions in this book discuss the theoretical implications of different institutional designs of emissions trading schemes, review schemes that have been implemented in the US and Europe, and evaluate the range of investment decisions and corporate strategies which have resulted from the new policy framework.

EU Emissions Trading

Author : Jon Birger Skjærseth,Jørgen Wettestad
Publisher : Routledge
Page : 230 pages
File Size : 50,6 Mb
Release : 2016-04-22
Category : Political Science
ISBN : 9781317140351

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EU Emissions Trading by Jon Birger Skjærseth,Jørgen Wettestad Pdf

The EU Emissions Trading Scheme (EU ETS) has been characterized as one of the most far-reaching and radical environmental policies for many years. Given the EU's earlier resistance to this market-based and US-flavoured programme, the development and implementation of the EU ETS has been rapid. This novel approach to environmental regulation has the potential to affect not only greenhouse gas emissions in the EU, but also international strategies for climate change protection. This book investigates the origins, evolution and consequences of the EU ETS and offers significant contributions to the literatures on climate policy and EU policy making.

Carbon Markets

Author : Gbenga Ibikunle,Andros Gregoriou
Publisher : Springer
Page : 234 pages
File Size : 45,9 Mb
Release : 2018-02-26
Category : Business & Economics
ISBN : 9783319728476

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Carbon Markets by Gbenga Ibikunle,Andros Gregoriou Pdf

This book explores the microstructure of carbon markets and the pricing of carbon financial instruments generally. It provides a critical microstructure analysis of the EU Emissions Trading Scheme (EU-ETS), and also examines the theoretical and related market design issues affecting emissions trading schemes. Individual chapters analyse how intraday pricing evolves in carbon markets, the price impact of block trades in carbon financial instruments and their determinants, short and long-term liquidity effects in carbon markets, and the links between carbon market liquidity and efficiency. The aforementioned issues are explored using case studies of two major trading platforms operating within the EU-ETS. The book concludes by focusing on future policy and regulatory challenges in carbon markets, especially with respect to addressing pricing volatility challenges.

Policy instrument evaluation

Author : Bahr, Emelie Von,Mørkrid, Geir Vasseljen,Sipiläinen, Kristian,Madsen, Peter G,Friis-Jensen, Sandra
Publisher : Nordic Council of Ministers
Page : 92 pages
File Size : 41,5 Mb
Release : 2019-05-09
Category : Political Science
ISBN : 9789289359351

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Policy instrument evaluation by Bahr, Emelie Von,Mørkrid, Geir Vasseljen,Sipiläinen, Kristian,Madsen, Peter G,Friis-Jensen, Sandra Pdf

What role do evaluations for environmental policies have in the Nordic countries (Denmark, Finland, Norway and Sweden? And could evaluations be better implemented in order to create and uphold effective and efficient environmental policies? These are the two questions this study aims at answering. The study focuses on three main areas in regard to ex-ante and ex-post evaluations for environmental policies: Organisation, guidelines and specific evaluations. As a result of the analysis, a number of lessons learnt for the three investigated areas are found and a set of recommendations on how to improve the evaluation of environmental policies in the Nordic countries in the future are provided.

The Politics of Carbon Markets

Author : Benjamin Stephan,Richard Lane
Publisher : Routledge
Page : 299 pages
File Size : 40,7 Mb
Release : 2014-08-27
Category : Business & Economics
ISBN : 9781134590056

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The Politics of Carbon Markets by Benjamin Stephan,Richard Lane Pdf

The carbon markets are in the middle of a fundamental crisis - a crisis marked by collapsing prices, fleeing actors, and ever increasing greenhouse gas levels. Yet carbon trading remains at the heart of global attempts to respond to climate change. Not only this, but markets continue to proliferate - particularly in the Global South. The Politics of Carbon Markets helps to make sense of this paradox and brings two urgently needed insights to the analysis of carbon markets. First, the markets must be understood in relation to the politics involved in their development, maintenance and opposition. Second, this politics is multiform and pervasive. Implementation of new techniques and measuring tools, policy development and contestation, and the structuring context of institutional settings and macro-social forces all involve a variety of political actors and create new forms of political agency. The contributions study the total extent of the carbon markets, from their prehistory to their contemporary expansion and wider impacts. This wide-ranging political perspective on the carbon markets is invaluable to those studying and interested in ecological markets, climate change governance and environmental politics.

Environmental Policy and Time Consistency

Author : Peter W. Kennedy
Publisher : Unknown
Page : 42 pages
File Size : 55,9 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290704890

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Environmental Policy and Time Consistency by Peter W. Kennedy Pdf

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Emissions Trading

Author : Richard F. Kosobud,Douglas L. Schreder,Holly M. Biggs
Publisher : John Wiley & Sons
Page : 354 pages
File Size : 43,5 Mb
Release : 2000-01-28
Category : Political Science
ISBN : 0471355046

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Emissions Trading by Richard F. Kosobud,Douglas L. Schreder,Holly M. Biggs Pdf

Der Emissionsrechtehandel ist eine rechtliche Vereinbarung, die es Emissionsquellen (chemischen - und Fertigungsbetrieben) erlaubt, Emissionsrechte bestimmter Schad- und Giftstoffe zu kaufen oder zu verkaufen. Der Ausstoß dieser Stoffe, insbesondere von Stickoxiden, flüchtigen organischen Verbindungen, Schwefeldioxiden und Kohlenmonoxiden, wird von der EPA, der amerikanischen Umweltschutzbehörde, geregelt. Dieses Buch definiert und erläutert unternehmensbezogene Fragen im Bereich des Emissionsrechtehandels und bietet Anleitungen für die effektive Nutzung dieses kontrovers diskutierten Themas. "Emissions Trading" wurde von Spitzenforschern auf diesem Gebiet geschrieben. Sie haben u.a. eine gemeinsame Sprache und Terminologie für die Diskussion des Emissionsrechtehandels erarbeitet haben und bieten Tipps an für die Umsetzung in die Praxis. Ein Buch aus der NAM (National Association of Manufacturers)-Reihe; mit einem Vorwort von NAM-President Jerry Jasinowski.

The Evolution of Carbon Markets

Author : Jørgen Wettestad,Lars H Gulbrandsen
Publisher : Routledge
Page : 263 pages
File Size : 45,7 Mb
Release : 2017-12-14
Category : Political Science
ISBN : 9781351855594

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The Evolution of Carbon Markets by Jørgen Wettestad,Lars H Gulbrandsen Pdf

Carbon markets are developing and expanding around the world, but how and to what extent is their design shaped by learning and interaction between them? How do these markets function and what is the role of design? Carrying out a ground-breaking analysis of their design and diffusion, this book covers all the major carbon market systems and processes around the world: the EU, RGGI, California, Tokyo, New Zealand, Australia, China, South Korea and Kazakhstan. It offers a systematic, in-depth discussion and comparison of the key design features in these systems with expert contributors exploring how, and to what extent, these features have been shaped by central policy diffusion mechanisms and domestic politics. By focussing on the specific design features of the instruments used, this volume makes important contributions to diffusion theory, highlighting how ETS diffusion processes more often have resulted in design divergence than convergence, and discussing the implications of this finding for the vision of linked systems in the post-Paris era. It will be of significant interest to a broad audience interested in the emergence, evolution, functioning and interaction of carbon markets.

HC 739 - Linking Emissions Trading Systems

Author : Great Britain. Parliament. House of Commons. Energy and Climate Change Committee
Publisher : The Stationery Office
Page : 48 pages
File Size : 40,8 Mb
Release : 2015-02-17
Category : Carbon offsetting
ISBN : 9780215081544

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HC 739 - Linking Emissions Trading Systems by Great Britain. Parliament. House of Commons. Energy and Climate Change Committee Pdf

Carbon pricing is a necessary element in spurring climate change mitigation action. In this report it's argued that emissions trading, as an established and well recognised policy instrument for controlling greenhouse gas emissions, is increasingly popular and spreading around the world. As they develop, emissions trading systems should be designed so that they are compatible with each other. Aligning design elements early on will help improve the prospects of linking different systems in future and, therefore, maximise opportunities for cost-effective emissions reductions. As the world's oldest and largest market, the EU Emission Trading System will play a critical role in facilitating linking between different markets. Before it can do this, however, it must be seen as a credible market. The issue of surplus allowances must be addressed urgently and there should be moves to remove these from the system as soon as possible. Any new climate agreement must crucially allow parties to meet their Intended Nationally Determined Contribution's (INDCs) by transferring parts of their contributions to other parties and financing emissions reduction activities in other countries. The use of carbon markets will greatly improve the prospects of keeping global average temperatures below 2êC. Any agreement reached at the UNFCCC COP 21 in Paris at the end of 2015 should promote the use of carbon markets and facilitate the future linking of emissions trading systems. The UNFCCC could also play a critical role in providing basic standards including monitoring, reporting and verification.

Act Locally, Trade Globally

Author : International Energy Agency
Publisher : OECD Publishing
Page : 244 pages
File Size : 51,7 Mb
Release : 2005
Category : Business & Economics
ISBN : UOM:39015062475465

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Act Locally, Trade Globally by International Energy Agency Pdf

Climate policy raises a number of challenges for the energy sector, the most significant being the transition from a high to a low-CO2 energy path in a few decades. Emissions trading has become the instrument of choice to help manage the cost of this transition, whether used at international or at domestic level. Act Locally, Trade Globally, offers an overview of existing trading systems, their mechanisms, and looks into the future of the instrument for limiting greenhouse gas emissions.