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'This book provides an essential guide to the challenges facing the power sector, but is equally enlightening to other industrial emitters, policy-makers and non-governmental organizations.' Charles Nicholson, Group Senior Advisor, BP The electricity industry is one of the main contributors of carbon to the atmosphere. Reducing these emissions is critical to achieving international targets and mitigating climate change. Economic instruments, including emissions trading, taxes and voluntary agreements, will be crucial. However, across Europe there are widely different electricity systems and policies will have different effects. This book describes the characteristics of the main European electricity regimes, defining the range of instruments available and assessing the potential of each in each regime and for Europe as a whole.
Against the background of a projected doubling of world greenhouse gas emissions by mid-century, this book explores feasible ways to abate them at least cost.
The causes and effects of climate change are just as varied as the proposed solutions and approaches for dealing with the problem. Given the global character of climate change, comprehensive global cooperation is called for that leads to effective and appropriate international action in accordance with the respective responsibilities. These will inevitably differ depending on the capabilities and the social and economic situations of the respective actors. The contributions in this book present a variety of ideas, approaches and tools regarding the adaptation to climate change in specific countries and regions. In addition to examining (existing) legal instruments, they also focus on the implementation of economic instruments and planning tools, as well as their (further) development. Rather than simply discussing strategies to counteract climate change by reducing emissions, the authors also search for ways of actively adapting to climate change.
Climate change poses important challenges to research and policy. Within three decades, an issue that was initially confined to the attention of a few scientists became the topic of large-scale research programmes, national and European policies and an international Convention. While significant uncertainties remain on the timing and scale of the changes to be expected and of their impacts, an appreci ation emerged of the high ecological, economic, political and social stakes involved and lead to governmental, business and citizens' initiatives. After focusing on the understanding of climate processes and the possible impacts of climate change on ecosystems, European research - and international research more generally - started addressing also the social, economic and policy causes of and responses to climate change. In the meantime, local, national and European measures started being developed to mitigate carbon dioxide emissions, a European target was agreed to achieve the stabilization of carbon dioxide by 2000 at the levels of 1990, the Framework Convention on Climate Change (FCCC) was adopted and was followed by its Kyoto Protocol.
Critically assessing recent developments in environmental and tax legislation, and in particular low-carbon strategies, this timely book analyses the implementation of market-based instruments for achieving climate stabilisation objectives around the world.