Emissions trading as a policy instrument : evaluation and prospects / edited by Marc Gronwald and Beat Hintermann.

Includes bibliographical references and index.

Print version record.

Series Foreword -- Introduction -- I Current State and Development of the EU Emissions Trading System -- 1 The EU ETS -- 2 The EU ETS: What We Know and What We Don't Know -- 3 EU Emissions Trading and Regulatory Uncertainty -- II The Political Economy of the EU Emissions Trading System -- 4 Benchmark-Based Free Allocations in EU ETS Phase III: How Much Better Than Phase II? -- 5 The Influence of Permit-Price Uncertainty and Lobbying on Energy Investments -- III Overlapping Policy Instruments -- 6 Combining International Cap-and-Trade with National Carbon Taxes -- 7 Interaction between EU Instruments and Member-State Instruments -- IV Firm Behavior -- 8 The Relationship between Spot and Futures CO 2 Emission Allowance Prices in the EU ETS -- 9 Trading Behavior in the EU ETS -- 10 Tradable Emissions Permits with Offsets -- 11 Offset Spread Options in the European Carbon Market -- List of Contributors -- Index.

Empirical and theoretical perspectives on the first two phases of the European Emissions Trading Scheme, the largest cap-and-trade market established so far.

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