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Climate Policy after Copenhagen
The Role of Carbon Pricing

$32.99 (P)

  • Author: Karsten Neuhoff, Deutsches Institut für Wirtschaftsforschung, Berlin
  • Date Published: July 2011
  • availability: Available
  • format: Paperback
  • isbn: 9781107401419

$ 32.99 (P)

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About the Authors
  • At the UN Climate Negotiations in Copenhagen, 117 heads of state concluded that low-carbon development is necessary in order to combat climate change. However, they could not agree on emission targets. At least one of the reasons why they could not agree is that low-carbon development is challenging because it requires the implementation of a portfolio of policies and programs. This book examines one the policies at the heart of attempts to create a low-carbon future: the European Emission Trading Scheme. It explores problems surrounding the implementation of such schemes, including the role of vested interests, the impact of subtle design details, and opportunities to attract long-term investments. It also shows how international climate cooperation can be designed to support the domestic implementation of policies for low-carbon development. This timely analysis of carbon pricing contains important lessons for all those concerned with the development of post-Copenhagen climate policy.

    • Explains the economics of carbon pricing without using equations so that the book is more accessible to a broader set of actors
    • Uses the example of the EU Emissions Trading Scheme to explore the politics, design and implementation of climate policy instruments
    • Explores financial mechanisms to encourage/facilitate south-north cooperation and the links between domestic policy implementation and international cooperation
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    Reviews & endorsements

    "Karsten Neuhoff makes an interesting case in showing that the failure to adopt a comprehensive climate agreement in Copenhagen may have been the result of some fundamental underlying changes. The Copenhagen Accord could therefore mark the beginning of a bottom-up approach in which domestic policy design based on carbon pricing as well as specific regulations can be supported through international co-operation. If his analysis proves right, the EU is in principle well equipped to such a change, but may have to rethink some elements of its international negotiation strategy accordingly." - Jos Delbeke, Director-General for Climate Action, European Commission

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    Product details

    • Date Published: July 2011
    • format: Paperback
    • isbn: 9781107401419
    • length: 296 pages
    • dimensions: 227 x 152 x 13 mm
    • weight: 0.47kg
    • contains: 47 b/w illus. 5 tables
    • availability: Available
  • Table of Contents

    List of figures
    List of tables
    List of text boxes
    1. Introduction
    2. The role of a climate policy mix
    3. Implementing a carbon price, the example of cap and trade
    4. Shifting investment to low-carbon choices
    5. Co-operation among developed countries - a role for carbon markets?
    6. A world of different carbon prices
    7. International support for low-carbon growth in developing countries
    8. Conclusion

  • Instructors have used or reviewed this title for the following courses

    • Global Climate Change: Causes and Impacts
    • The science and politics of climate change
  • Author

    Karsten Neuhoff, Deutsches Institut für Wirtschaftsforschung, Berlin
    Karsten Neuhoff is Director of the Berlin office of Climate Policy Initiative, a global research organization whose mission is to assess, diagnose and support the efforts of nations to achieve low-carbon growth. He is also Research Director for Climate Policy Impact and Industry Response at the German Institute for Economic Research (DIW Berlin). He was previously an economist at the University of Cambridge, leading climate policy and energy research projects, and worked with Climate Strategies on projects related to the European Emissions Trading Scheme.

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