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Emissions Trading in Europe: Background and Policy

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Carbon Markets

Abstract

This chapter provides a background to emissions trading in Europe. The literature on cap and trade is reviewed from both theoretical and empirical perspectives. The operational structure of the EU-ETS is explored along with the critical issues relevant to its phases.

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Notes

  1. 1.

    These sectors include electricity generators, mineral oil refineries, coke ovens, ferrous metals, glass, ceramic products and cement manufacturers to glass and pulp producers. Electricity generators are however, the leading CO2 emitters. By Council decision, the aviation sector joined the EU-ETS (see Directive 2008/101/EC).

  2. 2.

    CO2 certificates, emission allowances, emission permits are used interchangeably to refer to the legal right to pollute in this book.

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Authors and Affiliations

  1. University of Edinburgh, Edinburgh, UK

    Gbenga Ibikunle

  2. University of Brighton, Brighton, UK

    Andros Gregoriou

Authors
  1. Gbenga Ibikunle
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  2. Andros Gregoriou
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Ibikunle, G., Gregoriou, A. (2018). Emissions Trading in Europe: Background and Policy. In: Carbon Markets. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-72847-6_2

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  • DOI: https://doi.org/10.1007/978-3-319-72847-6_2

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-72846-9

  • Online ISBN: 978-3-319-72847-6

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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