At the UN Climate Negotiations in Copenhagen, 117 heads of state
concluded that low-carbon development is necessary in order to
combat climate change. However, they also understood that
transition to a low-carbon economy requires the implementation of a
portfolio of policies and programs - a challenging endeavour for
any nation. This book addresses the need for information about
factors impacting climate policy implementation, using as a case
study one effort that is at the heart of attempts to create a
low-carbon future: the European Emission Trading Scheme. It
explores problems surrounding the implementation of the ETS,
including the role of vested interests, the impact of design
details and opportunities to attract long-term investments. It also
shows how international climate cooperation can be designed to
support the domestic implementation of low-carbon policies. This
timely analysis of carbon pricing contains important lessons for
all those concerned with the development of post-Copenhagen climate
policy.
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