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European Emissions Trading in Practice - An Economic Analysis (Hardcover)
Loot Price: R2,736
Discovery Miles 27 360
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European Emissions Trading in Practice - An Economic Analysis (Hardcover)
Series: New Horizons in Environmental and Energy Law series
Expected to ship within 12 - 17 working days
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Total price: R2,756
Discovery Miles: 27 560
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This unique and up-to-date book analyzes the functioning of the
European Emissions Trading Scheme (ETS) and assesses the extent to
which relevant legislation has affected its capacity to promote
cost-effective reduction of European carbon emissions. The author
investigates whether inefficiency has been caused by both the ETS
cap setting procedure and by the ETS relevant allocation rule, as
defined by the Directive 2003/87/EC. He then considers whether the
new Directive 2009/29/EC, which reforms the ETS institutional
design, is likely to improve the scheme's effectiveness by reducing
the risk of carbon leakage -which could potentially be induced by
implementing a unilateral policy across the asymmetric political
landscape of Europe. This well-documented book will appeal to
researchers and postgraduate students in environmental law and
environmental economics, as well as policy makers within
environment, industry and economics, and electric and industrial
operators and stakeholders. Environmental NGOs, energy and
environmental consulting groups, members of the European
Commission, and energy and environmental think-tanks will also find
much to interest them in this insightful book. Contents: 1.
Introduction; 2. Climate Change and the Kyoto Protocol: An
Overview; 3. Toward a Cap and Trade Scheme Solution: Economic and
Legal Instruments to Address the Problem of Externality; 4. Legal
and Economic Aspects of the European Emissions Trading Scheme; 5.
Analysis of the EU ETS Effectiveness: Assessing the Stringency of
the ETS Cap; 6. Analysis of the Allocation Rules: Do Polluters Pay
under Grandfathering?; 7. ETS Reform and Carbon Leakage: Assessing
the Inconsistencies of the New ETS Directive; 8. Summary and
Conclusions; References
General
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