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The Making of the EU Emissions Trading Scheme:: Status, Prospects and Implications for Business

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  • Egenhofer, Christian
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    Abstract

    Emissions trading is likely to be a crucial pillar of future climate change policy. Since 2005 the European Union (EU) has implemented a CO2 emissions trading scheme, the first major global scheme of its kind, and potentially an important precursor for other such schemes. This article assesses whether the EU Emissions Trading Scheme has lived up to its promise as a cost-effective tool for reducing greenhouse gas emissions in line with the Kyoto Protocol targets and beyond. It outlines the possible steps to improve the functioning of the EU ETS and identifies the resulting managerial implications.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0263237307000692
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    Bibliographic Info

    Article provided by Elsevier in its journal European Management Journal.

    Volume (Year): 25 (2007)
    Issue (Month): 6 (December)
    Pages: 453-463

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    Handle: RePEc:eee:eurman:v:25:y:2007:i:6:p:453-463

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    Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/115/description#description

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    Postal: http://www.elsevier.com/wps/find/journaldescription.cws_home/115/bibliographic
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    Related research

    Keywords: Emissions trading EU ETS Climate change policy Allocation Carbon market Business implications;

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    Cited by:
    1. Flachsland, Christian & Marschinski, Robert & Edenhofer, Ottmar, 2009. "Global trading versus linking: Architectures for international emissions trading," Energy Policy, Elsevier, vol. 37(5), pages 1637-1647, May.
    2. van Asselt, Harro & Brewer, Thomas, 2010. "Addressing competitiveness and leakage concerns in climate policy: An analysis of border adjustment measures in the US and the EU," Energy Policy, Elsevier, vol. 38(1), pages 42-51, January.
    3. Maxian Rusche, Tim, 2010. "The European climate change program: An evaluation of stakeholder involvement and policy achievements," Energy Policy, Elsevier, vol. 38(10), pages 6349-6359, October.
    4. Sheu, Jiuh-Biing, 2014. "Airline ambidextrous competition under an emissions trading scheme – A reference-dependent behavioral perspective," Transportation Research Part B: Methodological, Elsevier, vol. 60(C), pages 115-145.
    5. Jaehn, Florian & Letmathe, Peter, 2010. "The emissions trading paradox," European Journal of Operational Research, Elsevier, vol. 202(1), pages 248-254, April.
    6. Heindl, Peter & Lutz, Benjamin, 2012. "Carbon management: Evidence from case studies of German firms under the EU ETS," ZEW Discussion Papers 12-079, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.

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