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Research Handbook on Emissions Trading

Edited by Stefan E. Weishaar, Associate Professor of Law and Economics, Faculty of Law, University of Groningen, the Netherlands
Research Handbook on Emissions Trading examines the origins, implementation challenges and international dimensions of emissions trading. It pursues an interdisciplinary approach drawing on law, economics and at times, political science, to present relevant research strands regarding emissions trading. Intermixing theoretical insights with experiences from existing trading systems, this Handbook offers insights that can be applied around the world. It identifies key bodies of research for both upcoming and seasoned people in the field and highlights future research opportunities.
Extent: 384 pp
Hardback Price: $210.00 Web: $189.00
Publication Date: 2016
ISBN: 978 1 78471 061 3
Availability: In Stock
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  • Environment
  • Climate Change
  • Energy Policy and Regulation
  • Environmental Law
  • Law - Academic
  • Energy Law
  • Environmental Law
  • Law and Economics
The Research Handbook on Emissions Trading examines the origins, implementation challenges and international dimensions of emissions trading. It pursues an interdisciplinary approach drawing upon law, economics and, at times, political science, to present relevant research strands in a clear and multifaceted way. Its comprehensive mix of theoretical analysis and experiences from existing trading systems offers insights that can be applied around the world.

The expert contributors bring together views from different disciplinary and geographic perspectives. This multifaceted examination of economic and legal origins, implementation problems and the emerging international aspect of emissions trading identifies key bodies of research for both upcoming and seasoned academics in the field and highlights future research opportunities. Its broad and accessible approach touches on climate law, environmental law and environmental governance.

This Research Handbook will appeal strongly to academics and postgraduate students, as well as providing valuable insights for regulators, government officials and practitioners who are involved in emissions trading.

‘For all its conceptual simplicity, emissions trading has proven a remarkably challenging policy instrument to implement in practice. With a growing number of jurisdictions around the world embracing carbon markets to achieve their climate targets, an improved understanding of instrument design and operation – including the complex spillover dynamics encountered in existing systems – has never been more critical. This book, ably edited by a leading scholar in the field, makes an important and timely contribution to the literature, bringing together experts from a wide variety of backgrounds to dissect the accumulated body of empirical evidence and expand the boundaries of our knowledge on emissions trading.’
– Michael A. Mehling, Massachusetts Institute of Technology, US

‘If trading of any kind of emission rights is to play a role in future environmental regulation, we had better learn sound lessons from past experience. Led by the formidable Dr Weishaar, this volume does exactly that. Readers will find exquisite analysis of the pros and cons of current trading efforts. A treasure trove of analysis.’
– Geert van Calster, Katholieke Universiteit Leuven, Belgium

‘This Research Handbook is a marvelous overview of all challenges and dimensions that could and do arise concerning emissions trading. The legal and economic dimensions of emission trading are critically discussed and attention is also paid to the way in which emission trading functions in various jurisdictions. This volume will therefore be of great interest and help to anyone interested in obtaining more insights into the specificities of this fascinating policy instrument.’
– Michael Faure, Maastricht University, the Netherlands
Contributors: H. Chen, D.H. Cole, C. de Perthuis, A.F. Gubina, F. Gullì, B. Hintermann, K. Holzer, C. Kettner, E. Kosolapova, A. Nentjes, K. Nield, M. Peeters, R. Pereira, K.S. Rogge, R. Trotignon, A. Tuerk, J. van Zeben








Contents:

1. Introduction
Stefan E. Weishaar

PART I ECONOMIC AND LEGAL ORIGINS
2. Origins of Emissions Trading in Theory and Early Practice
Daniel H. Cole

3. Emission Targets and Variants of Emissions Trading
Andries Nentjes

4. Analyses of Allowance Transactions - Firm Behaviour in the First Trading Phase and Learnings from the Data
Claudia Kettner

PART II IMPLEMENTATION PROBLEMS
5. Emissions Trading and Market Manipulation
Beat Hintermann

6. Enforcement of Emissions Trading - Sanction Regimes of Greenhouse Gas Emissions Trading in the EU and China
Marjan Peeters and Huizhen Chen

7. Windfall Profits in the EU ETS Power Sector
Francesco Gullì

8. Reviewing the Evidence on the Innovation Impact of the EU Emission Trading System
Karoline S. Rogge

9. Financial Crimes in the European Carbon Markets
Katherine Nield and Ricardo Pereira

10. Implementation Challenges for Emission Trading Schemes: The Role of Litigation
Josephine van Zeben

11. Emissions Trading Systems and International Liability of Single Major Emissions Sources
Elena Kosolapova

12. Allowance “Surplus” and Governance Implications
Christian de Perthuis and Raphael Trotignon

PART III INTERNATIONAL DIMENSION
13. Linking Emission Trading Schemes: Concepts, Experiences and Outlook
Andreas Tuerk and Andrej F. Gubina

14. Emissions Trading and WTO Law
Kateryna Holzer

Index