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020 _a9780521196475
041 _aeng
082 _a363.738746
_bELL-P
100 _aEllerman, A. Denny
_935990
245 _aPricing carbon:
_bthe european union emissions trading scheme /
_cby A. Denny
260 _bCambridge University Press,
_c2010.
_aCambridge :
300 _axxi,368p.
505 _a1.Introduction -- 2.Origins and development of the EU ETS -- 3.Allowance allocation -- 4.Effects of free allocation -- 5.Market development -- 6.Emissions abatement -- 7.Industrial competitiveness -- 8.Costs -- 9.Linkage and global implications -- 10.Conclusions
520 _a 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.
650 _aEmissions trading --European Union countries
_935991
942 _cBK