Interpreting Greenhouse Gas Trading in Europe: Lessons from Economic Literature and International Experiences

An ambitious greenhouse gas emission trading scheme proposed by the European Union must still survive the legislative process in which various interest groups will attempt to amend the program. An analysis of implemented emission trading schemes highlights their discrepancies with economic literatur...

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Published in:Ecological economics 2002-12, Vol.43 (2), p.213-213
Main Authors: Boemare, Catherine, Quirion, Philippe
Format: Article
Language:English
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creator Boemare, Catherine
Quirion, Philippe
description An ambitious greenhouse gas emission trading scheme proposed by the European Union must still survive the legislative process in which various interest groups will attempt to amend the program. An analysis of implemented emission trading schemes highlights their discrepancies with economic literature requests. Ten trading systems, which are either in force or at an advanced stage of the policy process, are examined. Sectoral and spatial coverage, permits allocation, monitoring, enforcement, and other issues to be aware off when designin an emission trading system are underscored. Lessons and recommendations on how to implement a greenhouse gas emission trading scheme in Europe are provided.
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