Pricing Carbon: The European Union Emissions Trading Scheme

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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2010-03-15
  • Publisher: Cambridge University Press
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The European Union's Emissions Trading Scheme (EU ETS) is the world's largest market for carbon and the most significant multinational initiative ever taken to mobilize markets to protect the environment. It will be an important influence on the development and implementation of trading schemes in the US, Japan, and elsewhere. However, as is true of any pioneering public policy experiment, this scheme has generated much controversy. Pricing Carbon provides the first detailed description and analysis of the EU ETS, focusing on the first 'trial' period of the scheme (2005-7). Written by an international team of experts, it allows readers to get behind the headlines and come to a better understanding of what was done and what happened based on a dispassionate, empirically based review of the evidence. This book should be read by anyone who wants to know what happens when emissions are capped, traded, and priced.

Table of Contents

List of figuresp. vii
List of tablesp. xi
List of boxesp. xiii
List of appendicesp. xiv
Frequently used abbreviationsp. xv
Prefacep. xvii
Introductionp. 1
Origins and development of the EU ETSp. 9
Allowance allocationp. 32
Effects of free allocationp. 85
Market developmentp. 122
Emissions abatementp. 158
Industrial competitivenessp. 193
Costsp. 235
Linkage and global implicationsp. 260
Conclusionsp. 287
Annex: The interaction between the EU ETS and European electricity marketsp. 293
Appendicesp. 329
Bibliographyp. 346
Indexp. 360
Table of Contents provided by Ingram. All Rights Reserved.

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