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A. Denny Ellerman

 

 

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2008

August 2008

"The EU Emission Trading Scheme: A Prototype Global System?"

Discussion Paper

By A. Denny Ellerman

"The European Union's Emission Trading Scheme (EU ETS) is the world's first multinational cap-and-trade system for greenhouse gases. As an agreement between sovereign nations with diverse historical, institutional, and economic circumstances, the EU ETS can be seen as a prototype of an architecture for an eventual global climate regime."

 

 

August 2008

"The EU Emission Trading Scheme: A Prototype Global System?—Summary"

Policy Brief

By A. Denny Ellerman

As the world's first multi-national cap-and-trade system for regulating greenhouse gas (GHG) emissions, the European Union's Emission Trading Scheme (EU ETS) can be seen as a prototype for an eventual global climate regime. This paper draws on the first four years of experience with the EU ETS to develop insights about the challenges that can be expected to emerge in a broader program and to suggest potential solutions.

 
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