The 1997 Kyoto Conference introduced emissions trading as a policy instrument for climate protection. Bringing together scholars in the fields of economics, political science and law, this book, which was originally published in 2005, provides a description, analysis and evaluation of different aspects of emissions trading as an instrument to control greenhouse gases. The authors analyse theoretical aspects of regulatory instruments for climate policy, provide an overview of US experience with market-based instruments, draw lessons from trading schemes for the control of greenhouse gases, and discuss options for emissions trading in climate policy. They also highlight the background of climate policy and instrument choice in the US and Europe and the foundation of systems in Europe, particularly the EU's directive for a CO2 emissions trading system.
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(228mm x 152mm x 19mm)
Cambridge University Press
Publisher: Cambridge University Press
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Author Biography - Bernd Hansjurgens
Bernd Hansjurgens is Professor of Economics at Martin Luther University Halle-Wittenberg. He is also the Head of the Department of Economics, UFZ Centre of Environmental Research Leipzig-Halle.