Michael Angrick, Christoph Kühleis, Jürgen Landgrebe and Jan Weiß (eds.): 12 Years of European Emissions Trading in German

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Michael Angrick, Christoph Kühleis, Jürgen Landgrebe and Jan Weiß (eds.)

12 Years of European Emissions Trading in German

Stocktaking and perspectives for effective climate protection

With a Foreword of the President of the German Environment Agency Maria Krautzberger

"Ecology and Economic Research" · volume 106

268 pp.
34.80 EUR (incl. VAT and Free shipping)
ISBN 978-3-7316-1375-6

English transformation from "12 Jahre Europäischer Emissionshandel in Deutschland. Bilanz und Perspektiven für einen wirkungsvollen Klimaschutz"

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This book is also available as an eBook in PDF format for 28.54 EUR

In this anthology, the editors want to review the first 12 years of European emissions trading, clarify its significance today and finally look ahead. To this end, they addressed renowned experts from science, business, politics, associations and organizations and asked for their views on the European emissions trading system (EU ETS). This book contains articles with a retrospective focus, some of which are very personal but extremely colourful, describing the exciting phase of the beginning from the direct perspective of the participants involved. With all its contributions, the book provides a comprehensive overview of the emergence, impact and further development of European emissions trading from these various perspectives. Many articles take up the negotiations and the results of the reform of the EU ETS for the fourth trading period. After the publication of the German edition in early 2018, there were many inquiries whether an English edition should be published, too. To learn more about the beginnings of the EU ETS in Germany especially from the perspective of different participants who were involved at the time would be helpful for many countries that want to take the path of emissions trading for carbon pricing. In addition to the visible successes of the ETS due to the growing number of planned and existing emissions trading systems, there have also been setbacks like in Australia, the USA and most recently in 2017 in the Canadian state of Ontario due to the absence or loss of political majorities and social support. The latter underlines the importance of a broad social acceptance of the ETS from the outset for the creation of a robust, predictable and long-term functioning emissions trading system. Germany's experience with the EU ETS can contribute to this.

Maria Krautzberger
Foreword of the President of the German Environment Agency

Editors
Introduction

I. About the beginnings of the EU ETS - From the idea to the instrument of climate protection

Reinhard Kaiser
How it all began: "Making the impossible possible" - The launch of emissions trading in Germany 2003-2004

Hans-Jürgen Nantke
From Directive to Law Enforcement: Structure and Function of the German Emissions Trading Authority

Lutz von Meyerinck
The Role of the Emissions Trading Group (AGE) in Germany

II. Function and impact of the EU ETS - Stocktaking for the first 12 years

Peter Heindl, Andreas Löschel, Oliver Schenker
European emissions trading as a key climate policy instrument. Integration, practical experience and impact analysis

Marcus Ferdinand, Philipp Ruf, Ingo Tschach
The EU ETS from a market player's perspective - twelve years of European Emissions Trading

Barbara Praetorius, Philipp Litz, Patrick Graichen
European Emissions Trading must be augmented with supplementary national policy for effective climate protection

Susanne Dröge
The EU ETS and the "Carbon-Leakage-Story"

Joachim Hein
"The Glass is Half-Full": The EU Emissions Trading System as seen by incumbent industries

Johann Schmidt
Third-party verifiers and impartial intermediaries: The role of verifiers in the EU Emissions Trading System

III. Perspectives of the EU ETS for effective Climate Protection in Europe

Stefanie Hiesinger, Peter Zapfel
Perspectives of the EU ETS as part of an effective European climate policy

Annalena Baerbock
Re-thinking emissions trading

Jo Leinen
Turning the EU ETS into a driver for innovation and into a global role model

Ottmar Edenhofer, Christian Flachsland, Lisa Katharina Schmid
Decarbonization and EU ETS Reform: Introducing a price floor to drive low-carbon investments

Claudia Gibis, Jan Weiß, Christoph Kühleis
Compatibility of the European Emissions Trading System with interacting energy and climate policy is gaining importance

Felix Ekardt
EU ETS reform based on a revised understanding of economic environmental policy instruments