Pricing Carbon Emissions : : Economic Reality and Utopia.

• Superior document: Routledge Explorations in Environmental Economics Series
• Author: Verbruggen, Aviel.
• Place / Publishing House: Milton : : Taylor & Francis Group,, 2023.; ©2021.
• Year of Publication: 2023
• Edition: 1st ed.
• Language: English
• Series: Routledge Explorations in Environmental Economics Series
• Physical Description: 1 online resource (263 pages)

Table of Contents

Cover -- Half Title -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- List of figures -- List of tables -- Acknowledgements -- About the author -- Preface -- Executive summary -- Roadmap of the book -- Acronyms -- Chapter 1: Introduction -- 1.1: The scene of climate and energy policy, carbon pricing and emissions trading -- 1.2: EU-ETS history in a nutshell -- 1.3: Some economic concepts behind carbon pricing -- 1.4: Equal impact of emitted CO2-eq. molecules is no argument for uniform pricing -- 1.5: Recommendation -- Chapter 2: Diversity disqualifies Global Uniform Carbon Pricing for effective climate policy -- 2.1: Introduction -- 2.2: The concept of diversity and its implications for policy -- 2.3: Amalgamation versus specificity -- 2.4: Global uniform carbon pricing: discourse and performance -- 2.5: Conclusion -- Chapter 3: Anatomy of emissions trading systems: What is the EU ETS? -- 3.1: Introduction -- 3.2: Goals of EU policy (component i) -- 3.3: Allocation of tradable emissions permits (component iv) -- 3.4: Carbon emissions prices (component iii) -- 3.5: Costs of abatement (component ii) -- 3.6: Linking the four components of ETS -- 3.7: Wrap-up -- Chapter 4: What could the EU ETS founders learn from US SO2 emissions permit trade? -- 4.1: Introduction -- 4.2: Differences between US SO2 and EU CO2 emissions permit markets -- 4.3: Salient characteristics of the US acid rain programs -- 4.4: Choices made by the architects of the EU ETS -- 4.5: Concluding reflections -- Chapter 5: Early European experience with Tradable Green Certificates neglected by EU ETS architects -- 5.1: Introduction -- 5.2: Directive 2001/77/EC on the promotion of electricity produced from RE sources -- 5.3: Flanders market construct for Tradable Green Certificates -- 5.4: Flanders TGC experiment holds important lessons.

5.5: The EC's formal evaluation of RE support instruments (EC 2005) -- 5.6: Conclusions -- Chapter 6: Critique on price induced technological innovation and on fringe pricing -- 6.1: Introduction -- 6.2: Corporate strategy maximizes financial returns -- 6.3: Pricing carbon emissions and industrial firm's likely reactions -- 6.4: The gap between 'marginal cost pricing' and 'fringe pricing' -- 6.5: The impact of higher EU ETS permit prices -- 6.6: Concluding considerations -- Chapter 7: A political economy of the EU ETS -- 7.1: Introduction -- 7.2: Climate policy in the 3rd millennium -- 7.3: Actors on the EU ETS scene -- 7.4: The EU ETS policy arena -- 7.5: Permits trading in artificial markets -- 7.6: Economics critique on the EU ETS -- 7.7: Bewildering EU ETS discourse -- Chapter 8: From evaluation to a well thought-out 'Act Now' -- 8.1: Issues on carbon pricing (CP) -- 8.2: Climate policy and 'Act Now' transformations -- Annex A: Environmental policy-making and carbon pricing -- Annex B: Cost-benefit analysis in the context of climate change -- Annex C: Cost-effectiveness and diversity of emitting sources -- Annex D: The German feed-in-tariff (FIT): Successful financial incentive -- Annex E: Ageing electricity economics: Marginal cost pricing ↔ fringe pricing -- References -- Index.