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

See all articles by Gbenga Ibikunle

Gbenga Ibikunle

University of Edinburgh; European Capital Markets Cooperative Research Centre

Chukwumerije Okereke

University of Reading

Date Written: November 4, 2013

Abstract

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

Suggested Citation

Ibikunle, Gbenga and Okereke, Chukwumerije, Governing Carbon Through the EU-ETS: Opportunities, Pitfalls and Future Prospects (November 4, 2013). Carbon Governance, Climate Change and Business Transformation. Adam Bumpus, Chukwumerije Okereke, Blas Perez-Henrique, James Tansey (Eds). Taylor and Francis (Routledge), Available at SSRN: https://ssrn.com/abstract=2405823

Gbenga Ibikunle (Contact Author)

University of Edinburgh ( email )

Old College
South Bridge
Edinburgh, Scotland EH8 9JY
United Kingdom

European Capital Markets Cooperative Research Centre ( email )

Viale Pidaro 42
Pescara, 65121
Italy

Chukwumerije Okereke

University of Reading ( email )

Whiteknights
Reading, Berkshire RG6 6AH
United Kingdom

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