Bernhard Hillebrand, Alexander Smajgl, Wolfgang Ströbele, Jean-Marc Behringer, Bernd Heins, Eric Christian Meyer (Eds.)
CO2 Emissions Trading Put to Test
Design Problems of the EU Proposal for an Emissions Trading System in Europe Research Results of a Project Team Headed by Bernd Heins Translation by Valerie Böhner, Sven Flakowski, Celia Moira Weber, Alexander Smajgl
In climate change policy the European Commission attempts to implement a new instrument intended to facilitate the accomplishment of the Kyoto targets. The proposal for a directive from 23rd October 2001 puts this concept in concrete terms: A legally binding emissions trading system applied to selected installations is to be introduced at the start of 2005.
The analysis at hand shows: The EU proposal is conceptually weak, it is uncoordinated with the instruments of the Kyoto protocol and has negative economic as well as negative ecological effects.