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List of figures | p. ix |
List of tables | p. xii |
List of boxes | p. xiii |
Acknowledgements | p. xiv |
List of abbreviations | p. xv |
Introduction | p. 1 |
The role of a climate policy mix | p. 19 |
Putting a price on carbon | p. 20 |
The role of technology policy | p. 29 |
The role for targeted measures and regulation | p. 41 |
Managing distributional implications | p. 45 |
Conclusion | p. 52 |
Implementing a carbon price: the example of cap and trade | p. 56 |
The SO ub>2 trading programme in the USA | p. 58 |
The European Union emissions-trading scheme | p. 61 |
Setting the cap: too many cooks spoil the broth | p. 65 |
Distributing allowances: compensate or distort | p. 72 |
Sectoral coverage of a carbon-pricing scheme | p. 86 |
Conclusion | p. 93 |
Shifting investment to low-carbon choices | p. 97 |
The nature of uncertainty | p. 98 |
Response to uncertainty with taxes and cap-and-trade schemes | p. 100 |
Investment under uncertainty: contrasting different perspectives | p. 105 |
Addressing requirements of strategic investors | p. 109 |
Addressing requirements of project investors | p. 115 |
Addressing the needs of financial investors | p. 125 |
Conclusion | p. 129 |
Co-operation among developed countries: a role for carbon markets? | p. 132 |
Using international co-operation to enhance domestic commitment | p. 133 |
Transparent monitoring and reporting | p. 140 |
Carbon-market-based international co-operation among developed countries | p. 143 |
The economics of carbon-market-based co-operation mechanisms | p. 148 |
The political economy of carbon-market-based instruments | p. 151 |
A global carbon tax | p. 155 |
Conclusion | p. 158 |
A world of different carbon prices | p. 162 |
Screening for high carbon costs | p. 164 |
Do international cost differences matter? Dimensions of trade | p. 173 |
Corporate strategy: the longer-term view | p. 178 |
The industry value chain: leakage versus substitution effect | p. 181 |
Policy options to address leakage | p. 185 |
Conclusion | p. 198 |
International support for low-carbon growth in developing countries | p. 203 |
Framework for international co-operation | p. 206 |
Financial needs for low-carbon development | p. 210 |
The role of carbon markets to provide support for developing countries | p. 220 |
Conclusion | p. 234 |
Conclusion | p. 237 |
References | p. 248 |
Index | p. 264 |
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