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Pollution for Sale
Emissions Trading and Joint Implementation. International Studies in Environmental Policy Making
Emissions trading has become a central feature of global efforts to control climate change. Its inclusion in the Kyoto Protocol to the Framework Convention on Climate Change represents a victory for advocates of market-based instruments and builds upon twenty years of experience with trading schemes in the United States. However, the concept is controversial and attempts to introduce similar trading schemes in Europe have met with mixed results.
This timely book provides a comprehensive overview of the theory and practice of emissions trading including the lessons learnt, the problems faced and the prospects for its extended use. It includes case studies of trading schemes in the US and Europe, and studies of international trading under the European acid rain regime. Problems of practical implementation, especially institutional feasibility and political acceptability, are given particular attention. The prospects for the international trading of greenhouse gases following the Kyoto Protocol are assessed, together with the potential conflict between emissions trading and established regulatory traditions.
Pollution for Sale will be of great interest to policymakers, practitioners, researchers and students of environmental policy.
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What Reviewers Are Saying
`It is valuable reading for understanding emissions trading, and helps the reader visualize trading as a useful tool to control greenhouse gases.' -- Hyo-Sun Kim, Resources Policy `This book makes a valuable contribution to the existing literature by bringing together a set of essays that reflect on US experience and examine attempts to introduce trading programs in Europe. . . . The book is accessible to the broad readership for which it is intended. Academics as well as policymakers will find this book worthwhile reading.' -- Robert N. Stavins, Environment `The strength of Sorrell and Skea's analysis comes from the wide selection of topics covered by the papers, all adding valuable - often forgotten - experience. . . . I believe this book to be an excellent addition to the library of anyone who is involved in climate change. It raises awareness of previous experience, both successes and failures, particularly from within Europe, from which lessons should be drawn.' -- Christiaan Vrolijk, International Affairs `Pollution for Sale is a useful reference book for those with an interest in climate change and acidification issues and the potential contribution of economic instruments to effective environmental policy making. Each chapter is accessible to the non-specialist and there is enough academic rigour and further references to keep the specialists satisfied. Pollution for Sale deserves to sell well and widely to academics, students, environmental consultants and policymakers.' -- Rosalind Bark, Journal of Energy Literature