The Making of the EU Emissions Trading Scheme:: Status, Prospects and Implications for Business
Christian Egenhofer
European Management Journal, 2007, vol. 25, issue 6, 453-463
Abstract:
Emissions trading is likely to be a crucial pillar of future climate change policy. Since 2005 the European Union (EU) has implemented a CO2 emissions trading scheme, the first major global scheme of its kind, and potentially an important precursor for other such schemes. This article assesses whether the EU Emissions Trading Scheme has lived up to its promise as a cost-effective tool for reducing greenhouse gas emissions in line with the Kyoto Protocol targets and beyond. It outlines the possible steps to improve the functioning of the EU ETS and identifies the resulting managerial implications.
Keywords: Emissions; trading; EU; ETS; Climate; change; policy; Allocation; Carbon; market; Business; implications (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (30) Track citations by RSS feed
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0263237307000692
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eee:eurman:v:25:y:2007:i:6:p:453-463
Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/115/bibliographic
http://www.elsevier. ... me/115/bibliographic
Access Statistics for this article
European Management Journal is currently edited by Michael Haenlein
More articles in European Management Journal from Elsevier
Bibliographic data for series maintained by Catherine Liu (repec@elsevier.com).