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Instruments for Climate Policy

Limited versus Unlimited Flexibility Edited by Johan Albrecht, Research Fellow, Center for Environmental Economics and Environmental Management and Lecturer, Environmental Economics, Faculty of Economics and Business Administration, University of Ghent, Belgium
Instruments for Climate Policy focuses on economic and political aspects related to the recent proposals and the debate on limits in flexibility, and discusses EU and US perspectives on climate policy instruments and strategies.

This is followed by chapters on economic efficiency and the use of flexible instruments as well as contributions to the debate on ‘when flexibility’, on the arguments behind the EU ceilings proposal and on voluntary approaches to climate policy. One of the main conclusions reached with respect to proposals for limiting flexibility is the need to evaluate simultaneously their economic, ecological and international political consequences. The authors include both important policymakers and leading academics in the area.
Extent: 304 pp
Hardback Price: $155.00 Web: $139.50
Publication Date: 2002
ISBN: 978 1 84064 759 4
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  • Economics and Finance
  • Environmental Economics
  • Environment
  • Climate Change
  • Environmental Economics
The Kyoto Protocol introduced international flexible mechanisms into climate policy and since then, the design and most effective use of flexible instruments have become key areas for climate policy research. Instruments for Climate Policy focuses on economic and political aspects related to the recent proposals and the debate on limits in flexibility, and discusses EU and US perspectives on climate policy instruments and strategies.

This is followed by chapters on economic efficiency and the use of flexible instruments as well as contributions to the debate on ‘when flexibility’, on the arguments behind the EU ceilings proposal and on voluntary approaches to climate policy. One of the main conclusions reached with respect to proposals for limiting flexibility is the need to evaluate simultaneously their economic, ecological and international political consequences. The authors include both important policymakers and leading academics in the area.

Academics, researchers, policymakers, NGOs, and journalists interested in environmental economics will all find this an illuminating volume, as will political scientists.
‘This book will be invaluable both to researchers wanting to understand latest developments in theory and practice, and to those in the policy process wishing to design and implement climate change policies using the flexibility mechanisms.’
– Frank Convery, University College Dublin, Ireland
Contributors: J. Albrecht, C. Böhringer, P. Capros, K. Conrad, J. Cornillie, H.L.F. de Groot, J. Eyckmans, D. Gardiner, K. Helioui, J. Janssen, A. Löschel, L. Mantzos, R. Ormerod, J.P. Painuly, R. Sullivan, M. Vainio, E. Woerdman, P. Zapfel
Contents:

1. Introduction
Johan Albrecht

2. Climate Policy Instruments and Strategies: EU and US Perspectives
Peter Zapfel and David Gardiner

3. Economic Efficiency of Cross-Sectoral Emissions Trading in CO2 in the European Union
Pantelis Capros, Leonidas Mantzos, Matti Vainio and Peter Zapfel

4. Why Did the EU Propose to Limit Emissions Trading? A Theoretical and Empirical Analysis
Edwin Woerdman

5. Supplementarity in the European Carbon Emission Market
Johan Eyckmans and Jan Cornillie

6. On the Optimal Timing of Reductions of CO2 Emissions: An Economist’s Perspective on the Debate on ‘When Flexibility’
Henri L.F. de Groot

7. Joint Implementation as a Flexible Instrument – A CGE Analysis between a Developing and an Industrialized Country
Christoph Böhringer, Klaus Conrad and Andreas Löschel

8. The Australian Greenhouse Challenge: Lessons Learned and Future Prospects for Voluntary Approaches in Climate Policy
Rory Sullivan and Robin Ormerod

9. The Clean Development Mechanism: Potential, Promise and Limitations
Jyoti P. Painuly

10. Risk Management of Joint Implementation and Clean Development Mechanism Projects through Carbon Investment Funds
Josef Janssen

11. On the Dynamic Efficiency and Environmental Integrity of GHG Tradable Quotas
Khalil Helioui

Index