Pricing Carbon: The European Union Emissions Trading Scheme by A. Denny EllermanPricing Carbon: The European Union Emissions Trading Scheme by A. Denny Ellerman

Pricing Carbon: The European Union Emissions Trading Scheme

byA. Denny Ellerman, Frank J. Convery, Christian de Perthuis

Hardcover | March 15, 2010

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The European Union's Emissions Trading Scheme (EU ETS) is the world's largest market for carbon and the most significant multinational initiative ever taken to mobilize markets to protect the environment. It will be an important influence on the development and implementation of trading schemes in the US, Japan, and elsewhere. However, as is true of any pioneering public policy experiment, this scheme has generated much controversy. Pricing Carbon provides the first detailed description and analysis of the EU ETS, focusing on the first 'trial' period of the scheme (2005-7). Written by an international team of experts, it allows readers to get behind the headlines and come to a better understanding of what was done and what happened based on a dispassionate, empirically based review of the evidence. This book should be read by anyone who wants to know what happens when emissions are capped, traded, and priced.
Title:Pricing Carbon: The European Union Emissions Trading SchemeFormat:HardcoverDimensions:390 pages, 8.98 × 5.98 × 0.87 inPublished:March 15, 2010Publisher:Cambridge University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0521196477

ISBN - 13:9780521196475


Table of Contents

List of figures; List of tables; List of boxes; List of appendices; Frequently used abbreviations; 1. Introduction; 2. Origins and development of the EU ETS; 3. Allowance allocation; 4. Effects of free allocation; 5. Market development; 6. Emissions abatement; 7. Industrial competitiveness; 8. Costs; 9. Linkage and global implications; 10. Conclusions; 11. Annex: the interaction between the EU ETS and European electricity markets; 12. Appendices; 13. Bibliography; Index.

Editorial Reviews

"With its empirical focus, this myth-busting book demonstrates the scheme's achievements and flags its ongoing challenges.... For those who want to learn the real lessons of the EU ETS experience, there is no better source than Pricing Carbon." - Nature