Carbon markets around the globe : sustainability and political feasibility

Bibliographic Information

Carbon markets around the globe : sustainability and political feasibility

Sven Rudolph, Elena Aydos

Edward Elgar, c2021

  • : cased

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Note

Includes bibliographical references (p. 221-247) and index

Description and Table of Contents

Description

In this timely book, Sven Rudolph and Elena Aydos take an interdisciplinary approach that combines sustainability economics, political economy and legal concepts to answer two fundamental questions: How can carbon markets be designed to be effective, efficient and just at the same time? And how can the political barriers to sustainable carbon markets be overcome? The first part of the book develops an innovative and robust Sustainable Model Rule for evaluating carbon market design, which is demonstrated in practice through chapters assessing the vast majority of real-life emissions trading schemes (ETS) from around the world. In the second part, the focus shifts to political feasibility, providing a political economy framework for evaluating ETS. The authors examine empirical data from case studies in several countries, and identify strategies and policy windows for implementing truly sustainable ETS. The cutting-edge tools outlined in this book for conducting assessments of carbon market design and feasibility will be invaluable for climate policy practitioners and environmental lawyers at national and international levels. The book will also be an important resource for policy makers, think tanks and stakeholders, as well as for scholars and students in environmental economics and climate change law and policy.

Table of Contents

Contents: 1. ETS, sustainability and political economy 2. Sustainable ETS design 3. ETS design in practice: European Union 4. ETS design in practice: North America 5. ETS design in practice: Oceania 6. ETS design in practice: Northeast Asia 7. Lessons learned from the implementation of ETS 8. Political feasibility of ETS 9. ETS politics: Germany 10. ETS politics: Australia 11. ETS politics: Japan 12. Lessons learned from the political economy of ETS 13. Final remarks Bibliography Index

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