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Towards Auctioning: The Transformation of the European Greenhouse Gas Emissions Trading System - Present and Future Challenges to Competition Law

Author
Weishaar S.
Date
2009
Source
IUCN (ID: MON-094169)
Publisher | Place of publication
Kluwer Law International | The Hague, The Netherlands
ISBN
9789041131980
Document type
Monography/book
Language
English
Country/Territory
European Union
Subject
Air & atmosphere
Keyword
Emissions trading
Abstract

Emissions trading systems have come to the fore as the most economically efficient mechanisms that can be employed to bring about an optimal greenhouse gas reduction goal. Even though much has been written about the advantages and disadvantages of these systems, one element of crucial importance - emission allowance allocation - has not been considered in adequate depth until the present study. Such an analysis takes on increased importance as it seems likely that market-based auctioning will become the default allocation method throughout the EU under a proposed amendment to the Emissions Trading System (ETS) established by Directive 2003/87/EC. Taking a law and economics approach - that is, using a combined perspective of industrial economics and legal analysis - this important book examines the potential for anticompetitive distortion that may result from auctioning emission allowances.

Website
lrus.wolterskluwer.com