Despite President Obama's current interest in climate policy, market-based climate policy on the US federal level still appears to be deadlocked. The same is true for Canada, which has aligned its climate policy to the US. However, regional activities are more promising as British Columbia and...

The EU emissions trading system (ETS) and the promotion of renewable energy are overlapping regulations. Although the resulting early development of renewables is associated with several advantages such an overlap may violate the path of optimal abatement. Subsidies may cause a too high share of...

Domestic climate policy emissions trading schemes appear to be spreading all over the word. However, carbon markets in existence often suffer from dilution in terms of ecological effectiveness, economic efficiency, and social justice. Thus, in order to firmly base carbon markets on the main...

There is a broad agreement that renewable energy sources (RES) will play an important role to abate CO₂ emissions but there is a contentious debate about the economic sense to promote RES via subsidies. Many static analyses conclude that subsidizing RES ties up capital which could have been...

This paper analyzes the impact of the EU ETS on CO₂ reduction in the German electricity sector. We find an ETS-induced emission abatement which is not exceeding 6% of total emissions with a maximum already in 2010. Thereafter the ETS has not induced additional reductions. This outcome is...

Megacities already account for a major part of global energy-related CO2 emissions with a strong tendency to increase; hence, future climate policy has to put a special emphasis on reducing big cities' energy consumption, especially in a world, where global climate negotiations are deadlocked....

Trotz erster Erfahrungen mit nationalen Emissionshandelssystemen ist es in Japan, einem der weltweit größten Treibhausgas-Emittenten, bisher nicht gelungen, ein anspruchsvolles nationales Emissionshandelssystem für industrielle Emittenten zu implementieren. Damit stellt sich die Frage, welche...

Dem globalen Verbreitungstrend folgend werden klimapolitische Emissionshandelssysteme seit dem Jahr 2005 auch in Japan getestet. Die ökologischen und ökonomischen Erfolge sind allerdings bescheiden geblieben. Welche Ausgestaltungsmerkmale haben zu den Defiziten in den etablierten Systemen...