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Palgrave Macmillan

Rescuing EU Emissions Trading

The Climate Policy Flagship

  • Book
  • © 2016

Overview

Authors:
  1. Jørgen Wettestad

    1. Fridtjof Nansen Institute, Lysaker, Norway

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  2. Torbjørg Jevnaker

    1. Fridtjof Nansen Institute, Lysaker, Norway

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    You can also search for this author in PubMed   Google Scholar

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Table of contents (6 chapters)

  1. Front Matter

    Pages i-xiii
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  2. Introduction

    • Jørgen Wettestad, Torbjørg Jevnaker
    Pages 1-4

  3. Analytical Framework

    • Jørgen Wettestad, Torbjørg Jevnaker
    Pages 5-20

  4. Background: Initiation and First Reform of a Frontrunner System

    • Jørgen Wettestad, Torbjørg Jevnaker
    Pages 21-35

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

    • Jørgen Wettestad, Torbjørg Jevnaker
    Pages 37-70

  6. Analysis: Exploring the Six Explanations

    • Jørgen Wettestad, Torbjørg Jevnaker
    Pages 71-101

  7. Conclusions and Reflections

    • Jørgen Wettestad, Torbjørg Jevnaker
    Pages 103-112

  8. Back Matter

    Pages 113-119
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Keywords

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.                                                    

Authors and Affiliations

  • Fridtjof Nansen Institute, Lysaker, Norway

    Jørgen Wettestad, Torbjørg Jevnaker

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.

Bibliographic Information

  • Book Title: Rescuing EU Emissions Trading

  • Book Subtitle: The Climate Policy Flagship

  • Authors: Jørgen Wettestad, Torbjørg Jevnaker

  • DOI: https://doi.org/10.1057/978-1-137-56674-4

  • Publisher: Palgrave Macmillan London

  • eBook Packages: Political Science and International Studies, Political Science and International Studies (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2016

  • Hardcover ISBN: 978-1-137-56673-7Published: 13 December 2015

  • eBook ISBN: 978-1-137-56674-4Published: 25 May 2016

  • Edition Number: 1

  • Number of Pages: XIII, 119

  • Number of Illustrations: 1 illustrations in colour

  • Topics: Public Policy

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