Showing 1 - 6 of 6
The introduction of mandatory controls and a trading scheme covering approximately half of all carbon dioxide emissions across Europe has triggered a debate about the impact of emissions trading on the competitiveness of European industry. Economic theory suggests that, in many sectors,...
Persistent link: https://www.econbiz.de/10011104065
The European Directive on the EU ETS allows governments to auction up to 10% of the allowances issued in phase II 2008-2012, without constraints being specified thereafter. This article reviews and extends the long-standing debate about auctioning, in which economists have generally supported...
Persistent link: https://www.econbiz.de/10011104090
Kagan (2002) argues that the different responses of Europeans and Americans to major strategic and international challenges is not simply due to differences in the current administrations, but rather results from (i) a power gap and (ii) differing ideologies. This article applies Kagan's theory...
Persistent link: https://www.econbiz.de/10011104123
Discussions about adaptation finance have largely concentrated on process: how money should be raised and how adaptation spending should be governed and monitored. This article seeks to move the focus of the debate towards the substance of adaptation by asking what 'good adaptation' in...
Persistent link: https://www.econbiz.de/10011103819
Transition countries are expected to become important players in the emerging market for greenhouse gas emission reductions, as they can cut emissions at a relatively low cost. However, the attractiveness of the region as a supplier of emission reductions will not only depend on its cost...
Persistent link: https://www.econbiz.de/10011104053
Drawing primarily on the UK experience, five practical lessons are identified for policy makers who seek to decarbonize their economies. First, decarbonization needs a solid legal basis to give it credibility and overcome time inconsistency problems. Second, putting a price on carbon is...
Persistent link: https://www.econbiz.de/10010970598