Voluntary Agreements for CO2 Emissions Reduction: Evaluation and Perspectives

Edoardo Croci
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Edoardo Croci: IEFE - Università Bocconi, Viale Filippetti 9, 20136 Milano

Energy & Environment, 2003, vol. 14, issue 5, 663-676

Abstract: Over the last 10 years voluntary agreements have been adopted in Europe as an environmental policy instrument to reduce CO 2 emissions. These agreements have been used in accordance with the specific economic, institutional and cultural features of the Member States. The evaluation of the cases of CO 2 emission reduction does not, however, provide a definitive answer regarding the effectiveness and efficiency of these agreements. This is due to a number of reasons such as the absence of reference scenarios and the fact that the targets set are often too easy to reach. Nevertheless it is possible to determine some “rules†to design, negotiate, implement and monitor voluntary agreements according to effectiveness, efficiency and equity criteria. Moreover a European model for voluntary agreements at the Community level and a new generation of voluntary agreements are being developed in order to overcome some of the drawbacks of the past agreements.

Keywords: Voluntary Agreements; Climate Change; Environmental Policy (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:engenv:v:14:y:2003:i:5:p:663-676

DOI: 10.1260/095830503322663393

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