The book examines the origins, implementation challenges and international dimensions of emissions trading. It pursues an interdisciplinary approach drawing on law, economics and at times, political science, to present relevant research strands regarding emissions trading.
This OECD paper is a review of literature on ex post empirical evaluations of the impacts of carbon prices on indicators of competitiveness as employed in the literature, including employment, output or exports, at different levels of aggregation.
The central pillar of European climate policy, the European Emissions Trading System (EU ETS), is currently under scrutiny, as the allowance price is persistently low at around 5€/tCO2. The cap was met and emissions actually declined in recent years, ensuring the environmental effectiveness of the scheme…
China is considering a national emissions trading scheme, to follow several pilot schemes, as part of the suite of policies to reduce the growth of greenhouse gas emissions. A carbon tax or tax-like scheme could be an alternative. However there are special challenges in a fast-growing economy where the energy sector is heavily regulated. This paper analyses policy design options based on principles, China’s circumstances, and Australian and European experiences…
New market-based mechanisms, which help finance emission reductions in developing countries, are on the agenda of international climate negotiatons. In this context, so called “no-lose targets” have been proposed as a possible measure to overcome the dichotomy between developed and developing countries under the Kyoto framework while at the same time safeguarding developing countries from emission targets which may slow down economic development. (© Vicki Duscha)
This paper presents the contextual elements of China’s power generation (trends, regulations and challenges); a primer on emissions trading in electricity; how a price on CO2 emissions could affect electricity in the near term, and illustrates the implications for generation cost and prices. It then identifies the key parameters of an ETS fit for implementation in China’s electricity sector, and concludes on the interplay of the ETS and electricity regulation in China.
In this working paper, P. Heindl and S. Voigt “analyse the possible demand and supply for offsets for the period from 2013 to 2020. The analysis is based on the assumptions that developed countries (Annex I) implement the emissions reduction pledges made after the 15th Conference of the Parties in Copenhagen (“Copenhagen Pledges”)…”
After an overview of the economics of emissions trading, this article from Adrian Müller assesses ethical aspects of emissions trading as a showcase for how other disciplines can complement the economic approach
a working paper from Simon Caney and Cameron Hepburn
This study uses the EU public power generating sector as a case study to investigate the environmental efficiency and productivity enhancing performance of the European Union’s CO2 Emissions Trading Scheme (EU ETS) in its pilot phase.
New Economics Papers Energy Economics (REPEC)
