Description
Book SynopsisThe
Research Handbook on Emissions Trading examines the origins, implementation challenges and international dimensions of emissions trading. It pursues an interdisciplinary approach drawing upon law, economics and, at times, political science, to present relevant research strands in a clear and multifaceted way. Its comprehensive mix of theoretical analysis and experiences from existing trading systems offers insights that can be applied around the world.
The expert contributors bring together views from different disciplinary and geographic perspectives. This multifaceted examination of economic and legal origins, implementation problems and the emerging international aspect of emissions trading identifies key bodies of research for both upcoming and seasoned academics in the field and highlights future research opportunities. Its broad and accessible approach touches on climate law, environmental law and environmental governance.
This Research Handbook will appeal strongly to academics and postgraduate students, as well as providing valuable insights for regulators, government officials and practitioners who are involved in emissions trading.
Contributors include: H. Chen, D.H. Cole, C. de Perthuis, A.F. Gubina, F. Gullì, B. Hinterman, K. Holzer, C. Kettner, E. Kosolapova, A. Nentjes, K. Nield, M. Peeters, R. Pereira, K.S. Rogge, R. Trotignon, A. Tuerk, J. van Zeben
Trade Review'For all its conceptual simplicity, emissions trading has proven a remarkably challenging policy instrument to implement in practice. With a growing number of jurisdictions around the world embracing carbon markets to achieve their climate targets, an improved understanding of instrument design and operation - including the complex spillover dynamics encountered in existing systems - has never been more critical. This book, ably edited by a leading scholar in the field, makes an important and timely contribution to the literature, bringing together experts from a wide variety of backgrounds to dissect the accumulated body of empirical evidence and expand the boundaries of our knowledge on emissions trading.' --Michael A. Mehling, Massachusetts Institute of Technology
'If trading of any kind of emission rights is to play a role in future environmental regulation, we had better learn sound lessons from past experience. Led by the formidable Dr Weishaar, this volume does exactly that. Readers will find exquisite analysis of the pros and cons of current trading efforts. A treasure trove of analysis.' --Geert van Calster, Katholieke Universiteit Leuven, Belgium
'This Research Handbook is a marvelous overview of all challenges and dimensions that could and do arise concerning emissions trading. The legal and economic dimensions of emission trading are critically discussed and attention is also paid to the way in which emission trading functions in various jurisdictions. This volume will therefore be of great interest and help to anyone interested in obtaining more insights into the specificities of this fascinating policy instrument.' --Michael Faure, Maastricht University, the Netherlands
Table of ContentsContents: 1. Introduction Stefan E. Weishaar PART I ECONOMIC AND LEGAL ORIGINS 2. Origins of Emissions Trading in Theory and Early Practice Daniel H. Cole 3. Emission Targets and Variants of Emissions Trading Andries Nentjes 4. Analyses of Allowance Transactions - Firm Behaviour in the First Trading Phase and Learnings from the Data Claudia Kettner PART II IMPLEMENTATION PROBLEMS 5. Emissions Trading and Market Manipulation Beat Hintermann 6. Enforcement of Emissions Trading - Sanction Regimes of Greenhouse Gas Emissions Trading in the EU and China Marjan Peeters and Huizhen Chen 7. Windfall Profits in the EU ETS Power Sector Francesco Gullì 8. Reviewing the Evidence on the Innovation Impact of the EU Emission Trading System Karoline S. Rogge 9. Financial Crimes in the European Carbon Markets Katherine Nield and Ricardo Pereira 10. Implementation Challenges for Emission Trading Schemes: The Role of Litigation Josephine van Zeben 11. Emissions Trading Systems and International Liability of Single Major Emissions Sources Elena Kosolapova 12. Allowance “Surplus” and Governance Implications Christian de Perthuis and Raphael Trotignon PART III INTERNATIONAL DIMENSION 13. Linking Emission Trading Schemes: Concepts, Experiences and Outlook Andreas Tuerk and Andrej F. Gubina 14. Emissions Trading and WTO Law Kateryna Holzer Index
