Pricing carbon emissions : economic reality and utopia /
"Pricing Carbon Emissions provides an economic critique on the utopian idea of a uniform carbon price for addressing rising carbon emissions, exposing the flaws in the economic propositions with a key focus on the EU's Emissions Trading System (ETS). After an Executive Summary of the conte...
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| Format: | eBook |
| Language: | English |
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Abingdon, Oxon ; New York, NY :
Routledge Taylor & Francis Group,
2021.
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| Series: | Routledge explorations in environmental economics
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| Online Access: | Connect to the full text of this electronic book |
Table of Contents:
- <P>1 Introduction<BR> 1.1 The Scene of Climate and Energy Policy, Carbon Pricing and Emissions Trading<BR> 1.2 EU-ETS History in a nutshell<BR> 1.3 Some Economic Concepts behind Carbon Pricing<BR> 1.4 Equal impact of emitted CO2-eq. molecules is no argument for uniform pricing<BR> 1.5 Recommendation<BR>2 Diversity disqualifies global uniform carbon pricing for effective climate policy<BR> 2.1 Introduction<BR> 2.2 The concept of diversity and its implications for policy<BR> 2.3 Amalgamation versus specificity<BR> 2.4 Global uniform carbon pricing: discourse and performance<BR> 2.5 In conclusion<BR>3 Anatomy of Emissions Trading Systems: What is the EU ETS?<BR> 3.1 Introduction<BR> 3.2 Goals of EU policy (component [i])<BR> 3.3 Allocation of tradable emissions permits (component [iv])<BR> 3.4 Carbon emissions prices (component [iii])<BR> 3.5 Costs of abatement (component [ii])<BR> 3.6 Linking the four components of ETS<BR> 3.7 Wrap-up <BR>4 What could the EU ETS founders learn from US SO2 emissions permit trade?<BR> 4.1 Introduction<BR> 4.2 Differences between US SO2 and EU CO2 emissions permit markets<BR> 4.3 Salient characteristics of the US acid rain programs<BR> 4.4 Choices made by the architects of the EU ETS<BR> 4.5 Concluding reflections<BR>5 Early European experience with Tradable Green Certificates neglected by EU ETS architects <BR> 5.1 Introduction<BR> 5.2 Directive 2001/77/EC on the promotion of electricity produced from RE sources<BR> 5.3 Flanders market construct for Tradable Green Certificates<BR> 5.4 Flanders TGC experiment holds important lessons<BR> 5.5 The EC's formal evaluation of RE support instruments (EC 2005)<BR> 5.6 Conclusions <BR>6 Critique on Price Induced Technological Innovation and on Fringe Pricing <BR> 6.1 Introduction<BR> 6.2 Corporate strategy maximizes financial returns<BR> 6.3 Pricing carbon emissions and industrial firm's likely reactions<BR> 6.4 The gap between 'marginal cost pricing' and 'fringe pricing'<BR> 6.5 The impact of higher EU ETS permit prices<BR> 6.6 Concluding considerations <BR>7 A political economy of the EU ETS<BR> 7.1 Introduction<BR> 7.2 Climate Policy in the 3rd Millennium<BR> 7.3 Actors on the EU ETS scene<BR> 7.4 The EU ETS Policy Arena<BR> 7.5 Permits trading in artificial markets<BR> 7.6 Economics critique on the EU ETS<BR> 7.7 Bewildering EU ETS discourse<BR>8 From evaluation to a well thought-out 'Act Now'<BR> 8.1 Issues on Carbon Pricing (CP)<BR> 8.2 Climate Policy and 'Act Now' transformations</P><P><EM>Annex A</EM> Environmental policy-making and carbon pricing<BR><EM>Annex B</EM> Cost-Benefit Analysis in the context of Climate Change<BR><EM>Annex C</EM> Cost-effectiveness and diversity of emitting sources<BR><EM>Annex D</EM> The German Feed-in-Tariff (FIT): successful financial incentive<BR><EM>Annex E</EM> Ageing Electricity Economics: Marginal Cost pricing
- Fringe pricing</P>