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âThe papers on emissions trading in this book focus on one of the most radical innovations in environmental policy in recent years, the European Unionâs emissions trading scheme. This harnesses the power of the market to stimulate the massive investments, changes in patterns of energy use and technological innovations needed for sustained reductions in greenhouse gas emissions. Economic research can make an important contribution to understanding some of the critical issues in the design, implementation and effectiveness of this scheme, and the papers in this book bring together key contributions from some of the leading researchers in this area.â â Stephen Smith, University College London, UK
âThis volume contains a coherent collection of economic papers on climate change and energy policy, written by well-known scholars in the field. The book offers interesting reviews of the relevant theoretical literature on economic growth and on permit trading. It provides an original in-depth treatment of the new EU CO2-emission trading system, addressing equity issues as well as the impact on growth and innovation. And the relationship between energy policy and endogenous energy saving technical progress is also studied in more general contexts.â â Cees Withagen, Free University Amsterdam and Tilburg University, The Netherlands
Climate change and energy consumption are at the forefront of current environmental debate. While energy is essential to the functioning and survival of our societies, the environmental impact that energy consumption is having, particularly on climate change, is a growing concern and the design and practicalities of energy and energy-related environmental policies are under constant scrutiny. This innovative new book not only addresses the economic assessment of environmental and energy policies but also discusses the efficiency and distributional consequences these policies have for producers and consumers.
With contributions from leading academics in the field, this comprehensive volume uses a variety of methodological approaches with which to explore a number of pertinent issues, including several studies on the EU Emission Trading System, as well as more advanced topics such as indeterminacy and optimal environmental public policies, energy-saving technological progress, oil shocks and energy transitions and policy design. Combining theoretical and empirical work, this timely book is a significant contribution to the existing literature and deals with issues at the frontier of current economic knowledge.
About: âEnergy and environmental policies are typically addressed by different departments of government, and by different Directorates General in the case of the European Commission.
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