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Emissions trading of greenhouse gases in the European Union

Author

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  • Johann Wackerbauer

Abstract

On 23 October 2001 the European Commission submitted a proposed regulation for the creation of emissions trading in the European Union. This emissions trading would overlap already existing economic and legal instruments of climate protection. The Ifo Institute evaluated this proposal of the European Commission for the Bavarian State Ministry for Regional Development and the Environment with regard to its compatibility with existing instruments for climate protection and an alternative design for a CO2 emissions market under inclusion of the German ecotax, the power-plant approval laws, self-obligation declaration of German industry and the flexible instruments of the Kyoto Protocol.

Suggested Citation

  • Johann Wackerbauer, 2003. "Emissions trading of greenhouse gases in the European Union," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(08), pages 22-30, April.
    • Handle: RePEc:ces:ifosdt:v:56:y:2003:i:08:p:22-30
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    File URL: https://www.ifo.de/DocDL/ifosd_2003_8_3.pdf
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    References listed on IDEAS

    as
    1. Johann Wackerbauer, 2003. "Emissions Trading with Greenhouse Gases in the European Union," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 16.
    2. Rigmar Osterkamp, 2001. "CO2 taxation in Germany and Europe," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(04), pages 50-57, October.
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    Cited by:

    1. Fritz Rahmeyer, 2007. "Europäischer Handel mit Treibhausgasemissionszertifikaten und seine Umsetzung in das deutsche Umweltrecht," Discussion Paper Series 296, Universitaet Augsburg, Institute for Economics.

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    More about this item

    JEL classification:

    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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