Governing Carbon Through the EU-ETS: Opportunities, Pitfalls and Future Prospects
Carbon Governance, Climate Change and Business Transformation. Adam Bumpus, Chukwumerije Okereke, Blas Perez-Henrique, James Tansey (Eds). Taylor and Francis (Routledge)
25 Pages Posted: 8 Mar 2014
Date Written: November 4, 2013
In this paper, we examine the role of the EU’s major climate action policy instrument (the EU Emissions Trading Scheme-EU-ETS) as a tool for governing carbon and in the EU’s energy future. We conclude by making the case for bold action that will see the EU maintain its leadership of global climate action. The paper advocates the re-positioning of the EU-ETS as the main driver of an emissions constrained economy in the EU.
Keywords: Climate Change, Governance, Market Efficiency
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