Climate change policies, emission-trading

Green, K., et al. (1999). Climate Change Policy Options and Impacts Perspectives on Risk Reduction, Emissions Trading, and Carbon Tax. Los Angeles Reason Public Policy Institute. 

The European GHG Emissions Trading Scheme (ETS) is the most important ETS worldwide and arguably the most important European climate change mitigation policy currently in place. 

The UK s CCP includes two significant policies for which the opt-out policies are relevant - namely the Climate Change Agreements and the UK Emissions Trading Scheme. 

David Harrison, B. A., M.Sc., Ph.D., is Head of the Global Environmental Practice of NERA Economic Consulting, an international consultancy with offices in Europe, the United States, Australia and Asia. He directs projects in environmental economics and policy, climate change, natural resource damage assessment, energy policy, economic impact assessment, and transportation. Dr Harrison has participated actively for more than twenty-five years in the development of emissions trading... 

For more information see Ellerman, D.A. Harrison, D. May 2003. Emissions Trading in the U.S. Experience, Lessons, and Considerations for Greenhouse Gases, Pew Center on Global Climate Change Percival, R. et al. 2000. Environmental Regulation Law, Science, and Policy, Third Edition. 

Ellerman, A. D. and Decaux, A, (1998). Analysis of Post-Kyoto CO2 Emissions Trading Using Marginal Abatement Curves, Report No. 30, MIT Joint Program on the Science and Policy of Climate Change Cambridge, MA. 

Concerns for global climate change have led to the European Emissions Trading Scheme and other policy measures that act in favor of nuclear new build by internalizing a key externality and rendering nuclear power more cost competitive. However, several measures at both an international and a national level either continue to exclude nuclear power (for example, Kyoto Protocol Clean Development Mechanism) or are reserved for renewables only (for example, UK Renewables Obligation Certificates). Such policies... 

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