Emissions Trading for Climate Policy US and European Perspectives [Paperback]

This book offers a systematic comparison of US and European experiences of emissions trading.Bringing together economists, political scientists and lawyers, this book provides a description, analysis and evaluation of emissions trading as an instrument to control greenhouse gases. The authors analyse theoretical aspects of regulatory instruments for climate policy, provide an overview of US experience with market-based instruments, draw lessons from existing trading schemes, and discuss options for emissions trading in climate policy. One of the first books to offer a systematic comparison of US and European experiences of emissions trading, it will be essential reading for all those concerned with climate policy.Bringing together economists, political scientists and lawyers, this book provides a description, analysis and evaluation of emissions trading as an instrument to control greenhouse gases. The authors analyse theoretical aspects of regulatory instruments for climate policy, provide an overview of US experience with market-based instruments, draw lessons from existing trading schemes, and discuss options for emissions trading in climate policy. One of the first books to offer a systematic comparison of US and European experiences of emissions trading, it will be essential reading for all those concerned with climate policy.The 1997 Kyoto Conference introduced emissions trading as a new policy instrument for climate protection. This book's contributions from the fields of economics, political science and law analyze theoretical aspects of regulatory instruments for climate policy, provide an overview of U.S. experience with market-based instruments, draw lessons from existing trading schemes for the control of greenhouse gases, and discuss options for emissions trading in climate policy. They also highlight the background of climate policy and instrument choice in the U.S and Europe.List of figures; List of tables; List of contributors; Preface; List of abbrl34