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EU climate law is one of the most dynamic and fastest growing areas of EU law. This exciting new textbook provides a comprehensive account of essential EU climate mitigation law. In addition, the contents cover a number of important and topical issues
This book offers a deep insight into the genesis and development of the European Commission's energy and climate legislation, focusing on the interplay of politics and science. How does the Commission react when confronted with knowledge? According to the author, the Commission functions as catalyst transforming knowledge into politics.
The objective of this book is to analyze the institutional barriers to implementing market-based climate policy, as well as to provide some opportunities to overcome them. The approach is that of institutional economics, with special emphasis on political transaction costs and path dependence. Instead of rejecting the neoclassical approach, this book uses it where fruitful and shows when and why it is necessary to employ a new or neo-institutionalist approach. The result is that equity is considered next to efficiency, that the evolution and possible lock-in of both formal and informal climate institutions are studied, and that attention is paid to the politics and law of economic instruments for climate policy, including some new empirical analyses. The research topics of this book include the set-up costs of a permit trading system, the risk that credit trading becomes locked-in, the potential legal problem of grandfathering in terms of actional subsidies under WTO law or state aid under EC law, and the changing attitudes of various European officials towards restricting the use of the Kyoto Mechanisms.
This anthology discusses important issues surrounding environmental law and economics and provides an in-depth analysis of its use in legislation, regulation and legal adjudication from a neoclassical and behavioural law and economics perspective. Environmental issues raise a vast range of legal questions: to what extent is it justifiable to rely on markets and continued technological innovation, especially as it relates to present exploitation of scarce resources? Or is it necessary for the state to intervene? Regulatory instruments are available to create and maintain a more sustainable society: command and control regulations, restraints, Pigovian taxes, emission certificates, nudging pol...
"Academics, economists and policymakers involved in the climate change debate will find this succinct yet comprehensive analysis of the economic instruments available for mitigating climate change to be essential reading."--BOOK JACKET.
Acclaim for the first edition: Backhaus s book is a good companion. Pablo Salvador Coderch, Indret A most valuable collection of papers serving to provide the reader both with an overview of some key areas in law and economics and with a biographical introduction to the work of some important, if also neglected, sources of scholarship in the discipline. Anthony I. Ogus, CBE, University of Manchester, UK This thoroughly updated and revised edition of a popular and authoritative reference work introduces the reader to the major concepts and leading contributors in the field of law and economics. The Companion features accessible, informative and provocative entries on all the significant issue...
Climate change is one of the biggest challenges of the 21st century. Countries around the globe are developing emissions markets as a response to it. This book examines the cultures of these markets, arguing policy makers must include more flexibility in climate policy to allow emissions markets to be translated and transferred across regions.
ÔThis book is very timely. . . it provides important insights for bilateral cooperation and international negotiations. These lessons go beyond EUÐChina and EUÐVietnam relations. Many of them are applicable to other countries in Asia, a region which will remain a key priority for EU foreign and climate policy, not least as the EUÕs largest trading partner.Õ Ð From the foreword by Jos Delbeke, Director General, EC DG Climate Action The Governance of Climate Relations between Europe and Asia offers a thorough empirical study of the most fundamental dynamics involved in EU climate relations with China and Vietnam in the context of global climate governance. This book presents a study of t...
The emission trading scheme is the most recent instrument of the EU environmental policy. Its underlying mechanisms and economic consequences are yet less straightforward than policymakers initially had expected: As this study shows, the regulation probably yields unintended distributional effects and imposes additional risk on the regulated companies. Consequently, meaningful accounting for emission rights is not only a necessity for regulators and customers, who need transparency, but also for investors on capital markets, who bear the additional regulatory risk. This study empirically assesses the usefulness of various accounting alternatives and provides evidence that cost and fair value approaches dominate the widely used mixed models.