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The EU emissions trading scheme

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  • Ian Bailey

Abstract

As the centrepiece of the European Union's Climate Change Programme, the European Union Emissions Trading Scheme (EU ETS) has attracted significant attention from scholars interested in the regulatory and technical issues raised by the scheme. This article reviews the current state of knowledge about emissions trading arising from this research. Three broad strands of enquiry are identified: studies of the international and EU‐domestic pressures that led to the EU's conversion to emissions trading; analyses of the political processes that accompanied negotiation of the emissions trading directives; and investigations into regulatory problems encountered during the scheme's early years. From this, avenues for further research on emissions trading are proposed: (1) analyses of the consequences for the scheme of political decisions made during its negotiation, (2) further analysis of the behaviour of traders in the EU ETS market, (3) greater investigation of the scheme's implications for equity issues,and(4) comparison of emissions trading against nonmarket instruments. Copyright © 2010 John Wiley & Sons, Ltd. This article is categorized under: The Carbon Economy and Climate Mitigation > Policies, Instruments, Lifestyles, Behavior Policy and Governance > Multilevel and Transnational Climate Change Governance

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  • Ian Bailey, 2010. "The EU emissions trading scheme," Wiley Interdisciplinary Reviews: Climate Change, John Wiley & Sons, vol. 1(1), pages 144-153, January.
    • Handle: RePEc:wly:wirecc:v:1:y:2010:i:1:p:144-153
    DOI: 10.1002/wcc.17
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    Cited by:

    1. Spash, Clive L. & Theine, Hendrik, 2016. "Voluntary Individual Carbon Trading," SRE-Discussion Papers 2016/04, WU Vienna University of Economics and Business.
      • Clive L. Spash & Hendrik Theine, 2016. "Voluntary Individual Carbon Trading," SRE-Disc sre-disc-2016_04, Institute for Multilevel Governance and Development, Department of Socioeconomics, Vienna University of Economics and Business.
    2. Natalia V. Starodubets & Irina S. Belik & Natalia L. Nikulina & Tamila T. Alikberova, 2023. "Assessment and Forecasting of Metallurgical Enterprises Carbon Footprint in the Sverdlovsk Region," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 22(3), pages 572-599.
    3. Philippe Quirion, 2021. "Tradable instruments to fight climate change: A disappointing outcome," Post-Print hal-03495904, HAL.
    4. Marcin Rabe & Dalia Streimikiene & Yuriy Bilan, 2019. "EU Carbon Emissions Market Development and Its Impact on Penetration of Renewables in the Power Sector," Energies, MDPI, vol. 12(15), pages 1-20, August.

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