Emissions Trading for Climate Policy: US and European - download pdf or read online

By Bernd Hansjürgens

ISBN-10: 0521848725

ISBN-13: 9780521848725

The 1997 Kyoto convention brought emissions buying and selling as a brand new coverage device for weather defense. This book's contributions from the fields of economics, political technological know-how and legislations learn theoretical features of regulatory tools for weather coverage, offer an summary of U.S. event with market-based tools, draw classes from latest buying and selling schemes for the keep an eye on of greenhouse gases, and talk about recommendations for emissions buying and selling in weather coverage. additionally they spotlight the heritage of weather coverage and software selection within the U.S and Europe.

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Extra info for Emissions Trading for Climate Policy: US and European Perspectives

Example text

If there is a risk of serious and irreversible damage then caution may dictate the use of some very powerful instruments like prohibitions. Environmental regulators face many different combinations of instruments and criteria but a few examples may illustrate the type of issues at hand. If abatement costs vary considerably then efficiency dictates that market mechanisms such as taxes or tradable permits be used. These instruments lead to the equalization of marginal abatement costs, which implies that the environmental goal is reached at the least cost.

Other examples of involving the public through information provision include the eco-labeling that is fairly common in (northern) Europe. The possibilities of the market (consumers, retailers, and producers) procuring energy-efficient equipment can also be effectively enhanced through laws and regulations on the energy efficiency characteristics of equipment. One good example of this is the European Parliament and Council Directive 1999/94/EC relating to the availability of consumer information on fuel economy and CO2 emissions in respect of the marketing of new passenger cars.

Washington, DC: Resources for the Future, pp. 23–40. Zapfel, P. 2001. ). Umweltlizenzen und Umweltzertifikate (Environmental Licenses and Environmental Certificates). Bonn: AGU, pp. 53–66. Part 1 Regulatory instruments for climate policy: theoretical aspects 2 Designing instruments for climate policy Thomas Sterner and Henrik Hammar Introduction The purpose of this chapter is to discuss the design of environmental policy instruments with a particular focus on climate change. Economics holds some vital keys to the implementation in society of the technical or biological methods that natural scientists and engineers devise.

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Emissions Trading for Climate Policy: US and European Perspectives by Bernd Hansjürgens


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