The past decade saw the proliferation of emissions trading as a mechanism of internalising the external costs of pollution. Since the European Union (EU) launched the world’s largest emissions trading system (ETS) in 2005, the number of ETSs in force has risen to 18 by 2017. Seventeen ETSs in 14 countries are either scheduled to commence or are under consideration. With the rise in the number of ETSs, linking ETSs has been gaining traction since the early 2000s. Linking ETSs establishes inter-system trading in emissions rights between the linking-partner ETSs and allocates emissions abatement to wherever it could be achieved at the least possible abatement cost. This dissertation assesses, following a law and economics perspective, how linking ETSs with different design features could affect cost-effectiveness and environmental effectiveness of the resulting carbon market.
|Translated title of the contribution||Het koppelen van emissiehandelssystemen: Een rechtseconomische analyse|
|Qualification||Doctor of Philosophy|
|Place of Publication||[Groningen]|
|Publication status||Published - 2017|