Research Handbook on Emissions Trading

Edited by Stefan E. Weishaar, Professor of Law and Economics, University of Groningen, the Netherlands

• Contents:1. IntroductionStefan E. WeishaarPART I ECONOMIC AND LEGAL ORIGINS2. Origins of Emissions Trading in Theory and Early PracticeDaniel H. Cole3. Emission Targets and Variants of Emissions TradingAndries Nentjes4. Analyses of Allowance Transactions - Firm Behaviour in the First Trading Phase and Learnings from the DataClaudia KettnerPART II IMPLEMENTATION PROBLEMS5. Emissions Trading and Market ManipulationBeat Hintermann6. Enforcement of Emissions Trading - Sanction Regimes of Greenhouse Gas Emissions Trading in the EU and ChinaMarjan Peeters and Huizhen Chen7. Windfall Profits in the EU ETS Power SectorFrancesco Gullì8. Reviewing the Evidence on the Innovation Impact of the EU Emission Trading SystemKaroline S. Rogge9. Financial Crimes in the European Carbon Markets Katherine Nield and Ricardo Pereira10. Implementation Challenges for Emission Trading Schemes: The Role of LitigationJosephine van Zeben11. Emissions Trading Systems and International Liability of Single Major Emissions SourcesElena Kosolapova12. Allowance “Surplus” and Governance ImplicationsChristian de Perthuis and Raphael TrotignonPART III INTERNATIONAL DIMENSION13. Linking Emission Trading Schemes: Concepts, Experiences and OutlookAndreas Tuerk and Andrej F. Gubina14. Emissions Trading and WTO LawKateryna HolzerIndex

'For all its conceptual simplicity, emissions trading has proven a remarkably challenging policy instrument to implement in practice. With a growing number of jurisdictions around the world embracing carbon markets to achieve their climate targets, an improved understanding of instrument design and operation - including the complex spillover dynamics encountered in existing systems - has never been more critical. This book, ably edited by a leading scholar in the field, makes an important and timely contribution to the literature, bringing together experts from a wide variety of backgrounds to dissect the accumulated body of empirical evidence and expand the boundaries of our knowledge on emissions trading.'