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Pricing Carbon
The European Union Emissions Trading Scheme


  • Date Published: January 2010
  • availability: In stock
  • format: Hardback
  • isbn: 9780521196475

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About the Authors
  • The European Union's Emissions Trading Scheme (EU ETS) is the world's largest market for carbon and the most significant multinational initiative ever taken to mobilize markets to protect the environment. It will be an important influence on the development and implementation of trading schemes in the US, Japan, and elsewhere. However, as is true of any pioneering public policy experiment, this scheme has generated much controversy. Pricing Carbon provides the first detailed description and analysis of the EU ETS, focusing on the first 'trial' period of the scheme (2005–7). Written by an international team of experts, it allows readers to get behind the headlines and come to a better understanding of what was done and what happened based on a dispassionate, empirically based review of the evidence. This book should be read by anyone who wants to know what happens when emissions are capped, traded, and priced.

    • The first comprehensive assessment of the European Union Emissions Trading Scheme, which is one of the key initiatives worldwide in combating climate change
    • The book's non-technical style makes the book accessible to a wide readership
    • Has a clear layout for easy navigation of analysis and presentation of data
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    Reviews & endorsements

    'With the global debate now firmly focused on the creation of further carbon markets and the need for international linking, we must never underestimate the influence of the EU's pioneering Emissions Trading Scheme. This created the world's largest carbon market and is the most significant public policy initiative ever to use the market place to protect the environment. Pricing Carbon is a fascinating, detailed but reader-friendly description of the EU ETS by an international team of experts and provides an invaluable evidence-based review of the first phase (2005–2007) - 'warts and all'. Even the impressive bibliography itself was worth publishing!' Avril Doyle, former MEP and Rapporteur of the 2008 ETS Directive

    'With its empirical focus, this myth-busting book demonstrates the scheme's achievements and flags its ongoing challenges. … For those who want to learn the real lessons of the EU ETS experience, there is no better source than Pricing Carbon.' Nature

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    Product details

    • Date Published: January 2010
    • format: Hardback
    • isbn: 9780521196475
    • length: 390 pages
    • dimensions: 235 x 158 x 22 mm
    • weight: 0.75kg
    • contains: 38 tables
    • availability: In stock
  • Table of Contents

    List of figures
    List of tables
    List of boxes
    List of appendices
    Frequently used abbreviations
    1. Introduction
    2. Origins and development of the EU ETS
    3. Allowance allocation
    4. Effects of free allocation
    5. Market development
    6. Emissions abatement
    7. Industrial competitiveness
    8. Costs
    9. Linkage and global implications
    10. Conclusions
    Annex: the interaction between the EU ETS and European electricity markets

  • Authors

    A. Denny Ellerman, Massachusetts Institute of Technology
    A. Denny Ellerman is Senior Lecturer at the Sloan School of Management, Massachusetts Institute of Technology.

    Frank J. Convery, University College Dublin
    Frank J. Convery is Heritage Trust Professor of Environmental Policy at University College Dublin.

    Christian de Perthuis, Université de Paris IX (Paris-Dauphine)
    Christian de Perthuis is Associate Professor of Economics at the University Paris-Dauphine and Head of the Mission Climat of the Caisse des Dépôts, France.

    With contributions by

    Emilie Alberola, Mission Climat of the Caisse des Dépôts
    Emilie Alberola is Research Fellow at the Mission Climat of the Caisse des Dépôts, France.

    Barbara K. Buchner, International Energy Agency, Paris
    Richard Baron is Head of the Climate Change Unit at the International Energy Agency, France.

    Anaïs Delbosc, Mission Climat of the Caisse des Dépôts
    Barbara K. Buchner is Senior Energy and Environment Analyst at the International Energy Agency (IEA), France.

    Cate Hight, Mission Climat of the Caisse des Dépôts
    Anaïs Delbosc is a researcher at the Mission Climat of the Caisse des Dépôts, France.

    Jan Horst Keppler, Université de Paris IX (Paris-Dauphine)
    Cate Hight is Research Fellow at the Mission Climat of the Caisse des Dépôts, France.

    Felix C. Matthes, Öko-Institut, Germany
    Jan Horst Keppler is Professor of Economics at the University of Paris–Dauphine and Director of the Energy program at the French Institute of International Relations (IFRI).

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