Abstract
The European carbon emissions trading system has become operative on January 1st, 2005. By its decision to implement the world′s largest system for tradable emissions permits the EU started an impressive experiment. While emissions trading systems already exist elsewhere (cf. Ellerman et al., 2000), the EUsystem′s dimensions and complexity are unique in the world. European policy makers deserve respect for their willingness to find a market solution to the EU′s problem of having to comply with its emissions reduction obligation within the framework of the Kyoto Protocol. Nevertheless, the European Emissions Trading Scheme is also an example for the implementation of an excellent textbook-idea being hampered by obstacles occuring in real-life politics. In this paper we discuss major problems of the European Emissions Trading Scheme both from a theoretic and a practical point of view.
© 2005 by Lucius & Lucius, Stuttgart
Articles in the same Issue
- Titelei
- Inhaltsverzeichnis
- Das Europäische Emissionshandelssystem und seine Umsetzung in Deutschland: Eine kritische Betrachtung
- Permit Trading as an Instrument for Water Pollution Control.A practically oriented analysis considering the European Water Framework Directive
- Thema: Zur Einbindung der Kapitalbesteuerung in ein rationales Steuersystem
- Nachhaltige Finanzpolitik unter Berücksichtigung gleichwertiger Lebensverhältnisse
- Wirtschaftspolitik für wissensintensive Branchen am Beispiel der Pharmaindustrie
Articles in the same Issue
- Titelei
- Inhaltsverzeichnis
- Das Europäische Emissionshandelssystem und seine Umsetzung in Deutschland: Eine kritische Betrachtung
- Permit Trading as an Instrument for Water Pollution Control.A practically oriented analysis considering the European Water Framework Directive
- Thema: Zur Einbindung der Kapitalbesteuerung in ein rationales Steuersystem
- Nachhaltige Finanzpolitik unter Berücksichtigung gleichwertiger Lebensverhältnisse
- Wirtschaftspolitik für wissensintensive Branchen am Beispiel der Pharmaindustrie