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CO2 Emissions Trading Put to Test Design Problems of the EU Proposal for an
ISBN 3825866548 / 9783825866549 / 3-8258-6654-8Find This Book
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. [via]