Full Description
This timely book focuses on the EU-wide greenhouse gas emissions trading scheme for major sources. It combines legal and economic approaches and reviews the major revision of this scheme. A distinguished range of authors assess the experiences thus far and also consider future development from both theoretical and practical perspectives. They also discuss many design options, including auctioning, credit and trade, the inclusion of aviation emissions, and linking possibilities. Moreover, attention is paid to the role of legal principles, the role of case law, and to aspects of democratic accountability within an emissions trading scheme. Ways to avoid carbon leakage and the role of national climate policies are also discussed. This book makes clear that the economic efficiency and effectiveness of an emissions trading scheme depend to a large extent on the specific legislative choices, and hence the legislative design of such a scheme deserves meticulous attention. Discussing legal and economic aspects of emissions trading, this book offers new insights to academics and policy makers both in the public and private sector. Those insights are not only relevant for understanding the past, but moreover for guiding the future design of emissions trading for greenhouse gases.
Contents
Contents:
PART I: INTRODUCTION TO THE BOOK
1. Introduction
Michael Faure and Marjan Peeters
PART II: GREENHOUSE GAS EMISSIONS TRADING IN THE EU
2. Legislative Choices and Legal Values: Considerations on the Further Design of the European Greenhouse Gas Emissions Trading Scheme from a Viewpoint of Democratic Accountability
Marjan Peeters
3. Too Much Harmonization? An Analysis of the Commission's Proposal to Amend the EU ETS from the Perspective of Legal Principles
Javier De Cendra De Larragán
4. The 'Emissions Trading Scheme' Case-Law: Some New Paths for a Better European Environmental Protection
Nicolas Van Aken
5. European Emissions Trading and the Polluter-Pays Principle: Assessing Grandfathering and Over-Allocation
Edwin Woerdman, Stefano Clò and Alessandra Arcuri
6. EU Greenhouse Gas Emissions Trading and Competition Law
Stefan Weishaar
7. The Underestimated Possibility of Ex Post Adjustments: Some Lessons from the Initial Greenhouse Gas Emissions Trading Scheme
Chris Backes, Kurt Deketelaere, Marjan Peeters and Marijke Schurmans
8. Economic Impacts of the EU ETS: Preliminary Evidence
Onno Kuik and Frans Oosterhuis
PART III: ALTERNATIVES AND NEW DEVELOPMENTS
9. Regional Regulatory Initiatives Addressing GHG Leakage in the USA
Erik B. Bluemel
10. Domestic Initiatives in the UK
Karen E. Makuch and Zen Makuch
11. Linking the EU ETS to Other Emissions Trading Schemes
Janneke Bazelmans
12. Expansion of the EU ETS: The Case of Emissions Trading for Aviation
Giedre Kaminskaite-Salters
14. The European Emissions Trading System: Auctions and their Challenges
Stefan Weishaar
PART IV: CONCLUSIONS: FUTURE LOOK
15. Concluding Remarks
Michael Faure and Marjan Peeters
Index
