European Emissions Trading in Practice: An Economic Analysis

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This unique and up-to-date book analyses the functioning of the European Emissions Trading Scheme (ETS) and assesses the extent to which relevant legislation has affected its capacity to promote cost-effective reduction of European carbon emissions. The author investigates whether inefficiency has been caused by both the ETS cap setting procedure and by the ETS relevant allocation rule, as defined by Directive 2003/87/EC. He then considers whether the new Directive 2009/29/EC, which reforms the ETS institutional design, is ...

European Emissions Trading in Practice: An Economic Analysis 2011, Edward Elgar Publishing Ltd, Cheltenham

ISBN-13: 9780857934420

Hardcover

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