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Emissions Trading as a Policy Instrument
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Emissions Trading as a Policy Instrument: Evaluation and Prospects

Marc Gronwald and Beat Hintermann

Abstract

This book is the result of a workshop about emission permit markets in Venice, organized by the editors in collaboration with CESifo. The individual contributions were written independently of each other and differ in topic and methodology, yet they share the underlying theme of theoretical and empirical research in emission permit markets. The chapters are grouped into four thematic sections: A discussion of the development of the EU ETS since its beginning to the present; political economy considerations; interactions with parallel instruments for climate policy; and firm behavior in this ne ... More

Keywords: Emissions trading, permit market, EU ETS, Climate, air pollution

Bibliographic Information

Print publication date: 2015 Print ISBN-13: 9780262029285
Published to MIT Press Scholarship Online: January 2016 DOI:10.7551/mitpress/9780262029285.001.0001

Authors

Affiliations are at time of print publication.

Marc Gronwald, editor
University of Aberdeen

Beat Hintermann, editor

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Contents

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Introduction

Marc Gronwald and Beat Hintermann

I Current State and Development of the EU Emissions Trading System

1 The EU ETS

Beat Hintermann and Marc Gronwald

2 The EU ETS

A. Denny Ellerman

II The Political Economy of the EU Emissions Trading System

4 Benchmark-Based Free Allocations in EU ETS Phase III

Oliver Sartor, Stephen Lecourt, and Clement Pallière

III Overlapping Policy Instruments

6 Combining International Cap-and-Trade with National Carbon Taxes

Peter Heindl, Peter J. Wood, and Frank Jotzo

IV Firm Behavior

9 Trading Behavior in the EU ETS

Ralf Martin, Mirabelle Mûuls, and Ulrich J. Wagner

10 Tradable Emissions Permits with Offsets

Nathan Braun, Timothy Fitzgerald, and Jason Pearcy

End Matter