Taschini, Luca 
ORCID: 0000-0001-5355-1736
(2015)
New reforms to the EU’s emissions trading system are welcome, but the devil will be in the details.
LSE European Politics and Policy (EUROPP) Blog
(27 Jul 2015).
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Abstract
The EU’s emissions trading system employs a ‘cap and trade’ framework under which a ‘cap’ on the level of greenhouse gas emissions is set, with allowances for emissions becoming tradable between business and other actors. Since the financial crisis, however, a surplus of emission allowances has built up, undermining the effectiveness of the system. Luca Taschini writes on a recent proposal, approved in the European Parliament on 8 July, to tackle this problem by creating a so called ‘Market Stability Reserve’. He argues that while this should be seen as a positive development, its impact will depend heavily on the details of the reform that are eventually agreed between national governments.
| Item Type: | Online resource (Website) |
|---|---|
| Official URL: | http://blogs.lse.ac.uk/europpblog/ |
| Additional Information: | © 2015 The Author(s) |
| Divisions: | LSE |
| Subjects: | G Geography. Anthropology. Recreation > GE Environmental Sciences H Social Sciences > HB Economic Theory J Political Science > JN Political institutions (Europe) |
| Date Deposited: | 28 Mar 2017 10:26 |
| Last Modified: | 11 Dec 2024 14:24 |
| URI: | http://eprints.lse.ac.uk/id/eprint/71089 |
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