Pricing Carbon

The European Union Emissions Trading Scheme

Business & Finance, Economics
Cover of the book Pricing Carbon by A. Denny Ellerman, Frank J. Convery, Christian de Perthuis, Emilie Alberola, Barbara K. Buchner, Anaïs Delbosc, Cate Hight, Jan Horst Keppler, Felix C. Matthes, Cambridge University Press
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Author: A. Denny Ellerman, Frank J. Convery, Christian de Perthuis, Emilie Alberola, Barbara K. Buchner, Anaïs Delbosc, Cate Hight, Jan Horst Keppler, Felix C. Matthes ISBN: 9781139035781
Publisher: Cambridge University Press Publication: January 28, 2010
Imprint: Cambridge University Press Language: English
Author: A. Denny Ellerman, Frank J. Convery, Christian de Perthuis, Emilie Alberola, Barbara K. Buchner, Anaïs Delbosc, Cate Hight, Jan Horst Keppler, Felix C. Matthes
ISBN: 9781139035781
Publisher: Cambridge University Press
Publication: January 28, 2010
Imprint: Cambridge University Press
Language: English

The European Union's Emissions Trading Scheme (EU ETS) is the world's largest market for carbon and the most significant multinational initiative ever taken to mobilize markets to protect the environment. It will be an important influence on the development and implementation of trading schemes in the US, Japan, and elsewhere. However, as is true of any pioneering public policy experiment, this scheme has generated much controversy. Pricing Carbon provides the first detailed description and analysis of the EU ETS, focusing on the first 'trial' period of the scheme (2005–7). Written by an international team of experts, it allows readers to get behind the headlines and come to a better understanding of what was done and what happened based on a dispassionate, empirically based review of the evidence. This book should be read by anyone who wants to know what happens when emissions are capped, traded, and priced.

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The European Union's Emissions Trading Scheme (EU ETS) is the world's largest market for carbon and the most significant multinational initiative ever taken to mobilize markets to protect the environment. It will be an important influence on the development and implementation of trading schemes in the US, Japan, and elsewhere. However, as is true of any pioneering public policy experiment, this scheme has generated much controversy. Pricing Carbon provides the first detailed description and analysis of the EU ETS, focusing on the first 'trial' period of the scheme (2005–7). Written by an international team of experts, it allows readers to get behind the headlines and come to a better understanding of what was done and what happened based on a dispassionate, empirically based review of the evidence. This book should be read by anyone who wants to know what happens when emissions are capped, traded, and priced.

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