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Including Consumption in Emissions Trading

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Including Consumption in Emissions Trading

Economic and Legal Considerations

9781800376847 Edward Elgar Publishing
Manuel W. Haussner, Friedrich-Alexander-University Erlangen-Nuremberg, Germany
Publication Date: March 2021 ISBN: 978 1 80037 684 7 Extent: c 264 pp
This timely book addresses the need for further measures to reduce greenhouse gas emissions in the European Union, arguing that the EU Emissions Trading Scheme does not offer sufficient incentives for the carbon intensive materials sector. It highlights the challenge that emissions from industries such as iron and steel, cement and aluminium, amongst others, pose to the EU’s commitment to significantly cut emissions by 2030.

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This timely book addresses the need for further measures to reduce greenhouse gas emissions in the European Union, arguing that the EU Emissions Trading Scheme does not offer sufficient incentives for the carbon intensive materials sector. It highlights the challenge that emissions from industries such as iron and steel, cement and aluminium, amongst others, pose to the EU’s commitment to significantly cut emissions by 2030.

Offering an in-depth review from an economic and legal perspective, Manuel Haussner explores these carbon intensive sectors and their contribution to current emissions, and provides insightful suggestions on how a consumption-based carbon charge would create incentives for deep decarbonisation. He demonstrates how the design of such a charge would comply with the EU’s obligations and WTO’s legal requirements, and illustrates how such a charge would be drafted, providing guidance on administering carbon taxation and analysing carbon charges alongside the EU recommended portfolio of policy instruments.

This thought-provoking book will be an essential read for all policy makers, consultants and practitioners working in environmental law and policy in the EU. It will also be valuable to scholars working at the intersections of economics and environmental and energy law.
Critical Acclaim
‘This book is an essential read for everyone interested in the EU’s carbon pricing policy. The book offers insight into the economic rationale and the design of a consumption charge on carbon-intensive materials. It also highlights the legal challenges surrounding the adoption of such a charge by the EU. This is an extremely relevant topic, which will remain high on the political agenda in the coming years, considering the Commission’s Green Deal and its proposal for a carbon border adjustment mechanism.’
– Alice Pirlot, University of Oxford, UK

‘As the European Union has committed to becoming the first climate-neutral continent, carbon border adjustment measures have moved to the forefront of the political agenda. The questions of what form such measures should take and how to implement them require urgent answers. In his thoroughly researched book, Manuel Haussner draws on insights from both law and economics to develop an innovative approach offering feasible answers to both questions. This timely book should therefore be read by policymakers and practitioners alike.’
– Roland Ismer, Friedrich-Alexander-University Erlangen-Nuremberg, Germany

This title is available for institutional purchase via Elgaronline.

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