European emissions trading in practice : an economic analysis / Stefano Clò.

Format:

Book

Author/Creator:

Clò, Stefano.

Series:

New horizons in environmental and energy law

Language:

English

Subjects (All):

Emissions trading--Law and legislation--European Union countries.

Emissions trading.

Emissions trading--Economic aspects--European Union countries.

Emissions trading--Economic aspects.

Emissions trading--Law and legislation.

European Union countries.

Physical Description:

xiii, 182 pages : illustrations ; 25 cm.

Place of Publication:

Cheltenham ; Northampton, MA : Edward Elgar, [2011]

Summary:

Based on the author's doctoral dissertation submitted to Erasmus School of Law in Rotterdam, this book provides a law and economics analysis of the EU's European Emissions Trading Scheme (ETS) and the European legislation that has established it. The book begins by reviewing the institutional setting within which climate change legislation and emissions trading has emerged, with special focus on the Kyoto Protocol, within the context of the broader scientific and economic debate about climate change mitigation costs and policies. The author then presents a taxonomy of the legal rules and economic instruments that can address environmental problems and climate change. The author argues that the ETS may not be enough to ensure compliance with the goals set out by the Kyoto Protocol. The book is for scholars and policy makers in environmental law and economics. Clo is affiliated with the University of Rome 'Tor Vergata' and the Italian Ministry of Economy and Finance. Annotation ©2012 Book News, Inc., Portland, OR (booknews.com)

Contents:

Introduction

Climate change and the Kyoto Protocol : an overview

Toward a cap and trade scheme solution : economic and legal instruments to address the problem of externality

Legal and economic aspects of the European emissions trading scheme

Analysis of the effectiveness of the EU ETS : assessing the stringency of the ETS cap

Analysis of the allocation rules : do polluters pay under grandfathering?

ETS reform and carbon leakage : assessing the inconsistencies of the new ETS directive

Summary and conclusions.

Notes:

Includes bibliographical references (pages 159-174) and index.

ISBN:

0857934422

9780857934420

OCLC:

733230259