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The first detailed description and analysis of the European Union Emissions Trading Scheme.
This open access book evaluates, from an economic perspective, various measures introduced in Japan to prevent climate change. Although various countries have implemented such policies in response to the pressing issue of climate change, the effectiveness of those programs has not been sufficiently compared. In particular, policy evaluations in the Asian region are far behind those in North America and Europe due to data limitations and political reasons. The first part of the book summarizes measures in different sectors in Japan to prevent climate change, such as emissions trading and carbon tax, and assesses their impact. The second part shows how those policies have changed the behavior of firms and households. In addition, it presents macro-economic simulations that consider the potential of renewable energy. Lastly, based on these comprehensive assessments, it compares the effectiveness of measures to prevent climate change in Japan and Western countries. Providing valuable insights, this book will appeal to both academic researchers and policymakers seeking cost-effective measures against climate change.
Written by leading scholars of EU climate law from the University of Groningen, chapters address the relevant directives and regulations, examining their implementation and impact on current policy and academic debate. The textbook introduces the main climate mitigation targets and instruments of the EU, analysing all available legal instruments to mitigate climate change, ranging from greenhouse gas emissions trading to the use of renewable energy sources and energy efficiency mechanisms. In addition, the book provides an analysis of some overarching issues, such as the impact of climate law on energy network regulation, multi-level governance and protection of human rights.
This fourth edition of Effective Carbon Rates provides an overview of the carbon pricing landscape, examining fuel excise taxes, carbon taxes, and emissions trading systems (ETSs) through 2021, with updates on developments until 2023.
An authoritative overview of the requirements and costs of monitoring, reporting and verifying emissions from industry to regional and national levels.
Resources are the material basis for human development, while the environment is the fundamental condition for human development. The exploitation and utilization of resources will lead to environmental changes, which in return will have an impact on resources. At present, due to the increase of population and the continuous expansion scale of human production activities, how to address the trade-off between resources exploitation and environment protection has become an important issue for human sustainable development. Green development is a mode of economic growth and social development that emphasizes efficiency, harmony and sustainability. It can realize the coordination and sustainability among population, economy and social development, resources and environment, and is a promising means to solve the current problems associated with resources and environment.
This paper estimates the carbon leakage rate across countries, arguably a key parameter in the international climate policy discussion including on border carbon adjustment, but which remains subject to significant uncertainty. We propose innovations along two lines. First, we exploit recently published data on sector-country-specific changes in energy prices to identify changes in domestic carbon emissions and other flows (rather than the historically limited variation in carbon prices or adherence to international climate agreements). Second, we present a simple accounting framework to derive carbon leakage rates from reduced-form regressions in contrast to existing papers, thereby making our results directly comparable to model-based estimates of carbon leakage. We show that carbon leakage rates differ across countries and could be larger than what existing estimates suggest.
Addressing the poverty and distributional impacts of carbon pricing reforms is critical for the success of ambitious actions in the fight against climate change. This paper uses a simple framework to systematically review the channels through which carbon pricing can potentially affect poverty and inequality. It finds that the channels differ in important ways along several dimensions. The paper also identifies several key gaps in the current literature and discusses some considerations on how policy designs could take into account the attributes of the channels in mitigating the impacts of carbon pricing reforms on households.
The field of sustainability continues to evolve as a discipline. The world is facing multiple sustainability challenges such as climate change, water depletion, ecosystem loss, and environmental racism. The Handbook of Sustainability will provide a comprehensive reference for the field that examines in depth the major themes within what are known as the three E’s of sustainability: environment, equity, and economics. These three themes will serve as the main organizing body of the work. In addition, the work will include sections on history and sustainability, major figures in the development of sustainability as a discipline, and important organizations that contributed or that continue to contribute to sustainability as a field. The work is explicitly global in scope as it considers the very different issues associated with sustainability in the global north and south
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 contents, the chapters build up understanding of orthodox economics’ role in protecting the neoliberal paradigm. A salient case, the ETS is successful in shielding the Business-as-Usual activities of the EU’s industry, however this book argues that the system fails in creating innovation for decarbonizing production technologies. A subsequent political economy analysis by the author points to the discursive power of giant fossil fuel and electricity companies keeping up a façade of Cap-and-Trade utopia and hiding the reality of free permit donations and administrative price control, concealing financial bills mostly paid by household electricity customers. The twilights between reality and utopia in the EU’s ETS are exposed, concluding an immediate end of the system is necessary for effective and just climate policy. The work argues that the proposition of shifting to a global uniform carbon tax is equally utopian. In practice, a uniform price applied on heterogeneous cases is not a source of benefits but one of ad-hoc adjustments, exceptions, and exemptions. Carbon pricing does not induce innovation, however assumed by the economic models used by IPCC for advising global climate policy. Thus, it is persuasively demonstrated by the author that these schemes are doomed to failure and room and resources need to be created for more effective and just climate politics. The book’s conclusion is based on economic arguments, complementing the critique of political scientists. This book is written for a broad audience interested in climate policy eager to understand why decarbonizing progress is slow as it is. It marks a significant addition to the literature on climate politics, carbon pricing and the political economy of the environment more broadly. The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.