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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.
A critical issue in dealing with climate change is deciding who has a right to emit carbon dioxide. Allocation in the European Emissions Trading Scheme provided the first in-depth description and analysis of the process by which rights to emit carbon dioxide were created and distributed in the European Union. This was the world's first large-scale experiment with an emission trading system for carbon dioxide and was likely to be copied by others if there was to be a global regime for limiting greenhouse gas emissions. The book comprises contributions from those responsible for putting the allocation into practice in ten representative member states and at the European Commission. The problems encountered in this process, the solutions found, and the choices they made, will be of interest to all who are concerned with climate policy and the use of emissions trading to combat climate change.
"Defying all odds, governments participating in the global climate negotiations at Bali, Indonesia reached agreement on a roadmap towards a global climate change agreement to be completed by the end of 2009, ready to fill the gap when the commitments under the Kyoto Protocol expire in 2012. The contributions in this book examine some of the most difficult and controversial questions that global climate change negotiators face between now and the emergence of a 'Copenhagen Protocol' in 2009, and even beyond. Written by authoritative experts in the field, the various chapters are organised around the four principal elements in the Bali Action Plan - mitigation, adaptation, technology and financing - presented from different country, stakeholder and political perspectives."--BOOK JACKET.