The Eu S Emissions Trading Scheme As A Climate Protection Instrument How It Works And How To Improve It
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The EU’s Emissions Trading Scheme as a Climate Protection Instrument. How it Works and How to Improve it
Seminar paper from the year 2021 in the subject Economics - Macro-economics, general, grade: 1,0, Baden-Wuerttemberg Cooperative State University (DHBW), language: English, abstract: Simply put, emissions trading is a governmental instrument or framework to reduce pollutant emissions. While such trading has seen popularity in recent years, the broad concept has been around for quite some time. In 1968, Canadian economist John Dales argued that a government should issue a certain number of pollution rights certificates and offer them for sale, while at the same time enacting a law mandating anyone discharging a certain amount of waste in a given year to own one or more pollution rights for the whole year. He further argued that this framework would benefit by having the price determined by competition between buyers and sellers of rights rather than a person or authority.4 The fundamental idea behind emissions trading has remained the same to this day. At the end of the 1960s, the United States of America were the first to experiment with governmental trading schemes.5,6,7 During the Carter administration, the US Environmental Protection Agency (EPA) continued to expand these pollution control mechanisms, notably using them to reduce and ultimately stop the use of leaded petrol in the 1980s.8 Emissions trading schemes continued to be popular in the US and were used by the following administrations.
An Introduction to Climate Change Economics and Policy
An introduction to the economic and policy aspects of climate change that assumes no prior knowledge, this title covers the main policies needed to control climate change including carbon taxes, renewable energy subsidies and demand management.
The EU and Climate Change
Author: Great Britain. Parliament. House of Lords. European Union Committee
language: en
Publisher: The Stationery Office
Release Date: 2004
Inquiry conducted by Sub-committee D (Environment and Agriculture). With correction slip dated November 2004