Emission trading has become recently more and more import in environmental regulation. In the context of controlling greenhouse gas emissions, the directive on a Europewide trading scheme for large immobile sources may be perceived as one of the most important milestones in recent years. Prior...

Reducing emissions from deforestation and degradation (REDD) has been proposed as a potentially inexpensive and plentiful source of emission abatement to supplement other longterm climate policies. However, critics doubt that REDD credits are environmentally equivalent to domestic emission...

An integrated assessment model is used to simulate the introduction of various emissions trading schemes based on the Kyoto protocol on the reduction of greenhouse emissions. The implications of the various systems in terms of income distribution are illustrated, and it is claimed that the issue...

Im Februar 2009 trat die EU-Richtlinie zur Einbeziehung des internationalen Luftverkehrs in den EU-Emissionshandel mit CO2-Zertifikaten (EU-ETS) in Kraft. Ab dem Jahre 2012 werden für praktisch alle in der EU startenden und landenden Flüge Zertifikate erforderlich sein. Die Erstzuteilung von...

After Bonn and Marrakech it is likely that emission trading will be realized in the near future. Major influences on the permit market are the institutional details, the participation structure and the treatment of hot air. Different scenarios do not only differ in their implications for the...