Pricing Carbon

Pricing Carbon

By A Denny Ellerman, Frank J Convery, and Christian de Perthuis

The European Union's Emissions Trading Scheme (EU ETS) is the world's largest market for carbon and the most significant multinational initiative ever taken to mobilize markets to protect the environment. It will be an important influence on the development and implementation of trading schemes in the US, Japan, and elsewhere.

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Book Information

Publisher: Cambridge University Press
Publish Date: 04/01/2010
Pages: 368
ISBN-13: 9780521196475
ISBN-10: 0521196477
Language: English

Full Description

The European Union's Emissions Trading Scheme (EU ETS) is the world's largest market for carbon and the most significant multinational initiative ever taken to mobilize markets to protect the environment. It will be an important influence on the development and implementation of trading schemes in the US, Japan, and elsewhere. However, as is true of any pioneering public policy experiment, this scheme has generated much controversy. Pricing Carbon provides the first detailed description and analysis of the EU ETS, focusing on the first 'trial' period of the scheme (2005-7). Written by an international team of experts, it allows readers to get behind the headlines and come to a better understanding of what was done and what happened based on a dispassionate, empirically based review of the evidence. This book should be read by anyone who wants to know what happens when emissions are capped, traded, and priced.

About the Authors

A. Denny Ellerman is Senior Lecturer at the Sloan School of Management, Massachusetts Institute of Technology.

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Jan Horst Keppler is Professor of Economics at the University of Paris Dauphine and Director of the Energy program at the French Institute of International Relations (IFRI).

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Christian De Perthuis is a professor of economics at University Paris-Dauphine and head of the climate economics department. He is the author of several books, including Economic Choices in a Warming World. As chairman of the Green Tax Committee, he designed the carbon tax that was introduced by the French government in January 2014.

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