Rescuing EU Emissions Trading

The Climate Policy Flagship

Authors: Wettestad, Jørgen, Jevnaker, Torbjørg

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About this book

This book draws upon a meticulous study of background documents and a string of fresh interviews to tell the fascinating story of how the EU’s climate flagship was significantly improved. The EU’s emissions trading system (ETS) covers almost half of its greenhouse gas emissions and has been hailed as the cornerstone and flagship of EU climate policy. But in spring 2013 the ETS was in severe crisis, with a huge surplus of allowances and a sagging carbon price. Even a formally simple measure to change the timing of auctioning was initially rejected by the European Parliament. Two years later a much more important ‘market thermostat’ was adopted (i.e. the Market Stability Reserve) and proposals for a complete ETS overhaul were put on the table. This book examines and explains how it was possible to turn the flagship around so quickly. Crucial changes at EU and national levels are identified, chief among them in Germany and the European Parliament.                                                    

About the authors

Jørgen Wettestad is Research Professor at the Fridtjof Nansen Institute in Oslo, Norway.  He has published several books and numerous articles on international and EU environmental policy, with particular attention to emissions trading.

Torbjørg Jevnaker is Research Fellow at the Fridtjof Nansen Institute in Oslo, Norway. She has contributed to books and journals on EU energy and environmental policy, particularly emissions trading, climate and energy packaging and internal energy market policy.

Table of contents (6 chapters)

  • Introduction

    Wettestad, Jørgen (et al.)

    Pages 1-4

  • Analytical Framework

    Wettestad, Jørgen (et al.)

    Pages 5-20

  • Background: Initiation and First Reform of a Frontrunner System

    Wettestad, Jørgen (et al.)

    Pages 21-35

  • The ETS Post-2008 Years: From Crisis and Turmoil to ‘Market Thermostat’

    Wettestad, Jørgen (et al.)

    Pages 37-70

  • Analysis: Exploring the Six Explanations

    Wettestad, Jørgen (et al.)

    Pages 71-101

Buy this book

eBook £29.99
price for United Kingdom (gross)
  • ISBN 978-1-137-56674-4
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover £37.99
price for United Kingdom (gross)
valid through November 5, 2017
  • ISBN 978-1-137-56673-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Rescuing EU Emissions Trading
Book Subtitle
The Climate Policy Flagship
Authors
Copyright
2016
Publisher
Palgrave Macmillan UK
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-137-56674-4
DOI
10.1057/978-1-137-56674-4
Hardcover ISBN
978-1-137-56673-7
Edition Number
1
Number of Pages
XIII, 119
Number of Illustrations and Tables
1 illustrations in colour
Topics