On 23 October 2001 the European Commission adopted a proposal for a directive for trade in greenhouse gas emissions. Following the US experience of emissions trading systems, this marks the first large-scale attempt to deploy this instrument of environmental policy in Europe. The proposal places...

This discussion paper reviews the literature on experiences with innovation under the existing emissions trading schemes in the USA. The basic result from this review is that the innovation effects triggered by emissions trading have been limited because a) targets were not constraining in the...

Am 23. Oktober 2001 hat die Kommission der Europäischen Gemeinschaften einen Richtlinienentwurf für einen Handel mit Treibhausgasemissionen vorgelegt. Nach den amerikanischen Erfahrungen mit Emissionshandelssystemen ist dies in Europa der erste groß angelegte Versuch, dieses umweltpolitische...