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Governance and Environmental Policy Integration in Europe: What Can We learn from the EU Emission Trading Scheme?

Author

Listed:
  • Michela Catenacci

    (Fondazione Eni Enrico Mattei)

  • Barbara Buchner

    (International Energy Agency)

  • Alessandra Sgobbi

    (Fondazione Eni Enrico Mattei)

Abstract

The European Union Emission Trading System (EU ETS) is a landmark environmental policy, representing the world’s first large-scale greenhouse gas (GHG) trading program. The coexistence of state actors and top-down processes with stakeholders participation and flexible abatement strategies make the EU ETS a powerful instrument of cross sectoral integration of environmental concerns, which benefits from a high level of interaction among the actors involved and a significant degree of information exchange. However, the same peculiarities of the system make it difficult to identify a correspondence with a single mode of governance. The EU ETS shows characteristics of the decision making processes and institutions engaged, the tools and instruments used as well as the actors involved, which change according to the different levels of governance, and belong both to the old and to the new modes of governance. The emission trading scheme represents a clear example of Multi-Level governance, where the different modes of governance interact among them and affect each other.

Suggested Citation

  • Michela Catenacci & Barbara Buchner & Alessandra Sgobbi, 2007. "Governance and Environmental Policy Integration in Europe: What Can We learn from the EU Emission Trading Scheme?," Working Papers 2007.54, Fondazione Eni Enrico Mattei.
    • Handle: RePEc:fem:femwpa:2007.54
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    More about this item

    Keywords

    Environmental Policy Integration; Climate Change; Emission Trading; EU Policy;
    All these keywords.

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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