Political conflict and climate policy: the European emissions trading system as a Trojan Horse for the low-carbon transition?

2020 ◽  
Vol 20 (9) ◽  
pp. 1092-1111 ◽  
Author(s):  
Jochen Markard ◽  
Daniel Rosenbloom
Keyword(s):  
Climate Policy ◽  
Emissions Trading ◽  
Political Conflict ◽  
Trojan Horse ◽  
Low Carbon ◽  
Trading System ◽  
Emissions Trading System

scholarly journals Rescuing EU Emissions Trading: Mission Impossible?

2014 ◽  
Vol 14 (2) ◽  
pp. 64-81 ◽  
Author(s):  
Jørgen Wettestad
Keyword(s):  
Emissions Trading ◽  
Carbon Price ◽  
Reduction Factor ◽  
Low Carbon ◽  
Short Term ◽  
Trading System ◽  
International Policy ◽  
Science Theory ◽  
Emissions Trading System ◽  
The Eu

Is rescuing the EU's emissions trading system impossible? Despite the substantial reform in 2008, subsequent problems of allowance surplus and a low carbon price have spurred new efforts to reform the system for the 2013–2020 phase. But these efforts have met resistance both among member states and in the European parliament, and the EU is struggling in its efforts to improve the ETS. This article draws on four central EU and political science theory approaches to more systematically explore why. The financial crisis and slow international policy progress have narrowed the window of opportunity that was open in 2008. Factors that could open that window again include an economic upswing, a new European commission and parliament, and new global negotiations in 2015. But even without short-term reform, the linear reduction factor will gradually tighten the system and lead to a higher carbon price.

Market-based Climate Policy in China? The Case of Emissions Trading Systems

2019 ◽  
Vol 11 (04) ◽  
pp. 46-59
Author(s):  
Erik BAARK
Keyword(s):  
Climate Change ◽  
Climate Policy ◽  
Carbon Emissions ◽  
Emissions Trading ◽  
Chinese Government ◽  
Negative Consequences ◽  
Trading System ◽  
Political Issues ◽  
Trading Systems ◽  
Emissions Trading System

China recognises the need to reduce carbon emissions in order to avoid negative consequences from climate change in the future. Therefore, the Chinese government initiated seven emissions trading system (ETS) pilots in 2013 and began to develop China’s national ETS in 2017. However, Chinese efforts to implement ETS have encountered legal, institutional and political issues that must be solved so that a national ETS could help to mitigate emissions in China.

The EU Emissions Trading System in Crisis-Ridden Greece: Climate under Neoliberalism

2020 ◽  
pp. 048661342091054
Author(s):  
Andriana Vlachou ◽  
Georgios Pantelias
Keyword(s):  
Emissions Trading ◽  
Eu Ets ◽  
Low Carbon ◽  
The European Union ◽  
Trading System ◽  
Distributional Effects ◽  
Low Carbon Economy ◽  
Environmental Effectiveness ◽  
Emissions Trading System ◽  
The Eu

Neoliberal capitalism has extended the use of markets to address climate and energy issues. Carbon trading characteristically exemplifies the neoliberalization of climate policy. This paper discusses the workings of the European Union’s Emissions Trading System (EU ETS) in the European Union (EU) with a focus on its application in crisis-ridden Greece. Beyond environmental effectiveness and distributional effects, the paper explores the interactions of the EU ETS with crisis, austerity programs, energy poverty, and uneven development. Despite adjustments and changes, the EU ETS continues to indicate limited environmental effectiveness and unjust distributional effects. Moreover, by forging a centralized neoliberal transition to a low-carbon economy without consideration of the issues faced by unevenly developed and crisis-stricken EU members such as Greece, the EU ETS leads to additional disturbances and problems for the Greek economy as a whole, its pauperized working people, and its energy and climate options to reduce emissions on its own potential, needs, and priorities.

scholarly journals The EU ETS and its companion policies: any insight for China's ETS?

2021 ◽  
pp. 1-19
Author(s):  
Stefano F. Verde ◽  
Giulio Galdi ◽  
Isabella Alloisio ◽  
Simone Borghesi
Keyword(s):  
Emissions Trading ◽  
Eu Ets ◽  
Low Carbon ◽  
Trading System ◽  
Major Market ◽  
Ex Post ◽  
European Experience ◽  
Low Carbon Technologies ◽  
Emissions Trading System ◽  
The Eu

Abstract This paper analyses the role that companion policies have had in the reduction of emissions regulated by the EU Emissions Trading System (EU ETS) and the related policy interactions, with a view to identifying relevant insights for China's forthcoming Emissions Trading System (ETS). The investigation rests on: (a) the observation of the EU's and China's ETSs and policy mixes; (b) economic theory concerning companion policies and ETS design; and (c) empirical ex-post evidence from the EU ETS. Three main conclusions emerge from the analysis. First, China's ETS, while not imposing a fixed cap on emissions, will not be immune to waterbed effects of companion policies. Second, the European experience stresses the importance of making explicit the objectives pursued by companion policies, and of balancing policies for innovation and policies for adoption of low-carbon technologies. Third, in the presence of a major market surplus, only permanent adjustments to allowance supply can be effective in raising prices.

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