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Das Europäische Emissionshandelssystem und seine Umsetzung in Deutschland: Eine kritische Betrachtung

Author

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  • Jasper Jörg

    (Universität Hannover, Wirtschaftswissenschaftliche Fakultät, Lehrstuhl für Mikroökonomik, Königsworther Platz 1, D–30167 Hannover)

  • Twelemann Sven

    (Universität Hannover, Wirtschaftswissenschaftliche Fakultät, Lehrstuhl für Konjunkturund Strukturpolitik, Königsworther Platz 1, D-30167 Hannover)

Abstract

The European carbon emissions trading system has become operative on January 1st, 2005. By its decision to implement the world′s largest system for tradable emissions permits the EU started an impressive experiment. While emissions trading systems already exist elsewhere (cf. Ellerman et al., 2000), the EUsystem′s dimensions and complexity are unique in the world. European policy makers deserve respect for their willingness to find a market solution to the EU′s problem of having to comply with its emissions reduction obligation within the framework of the Kyoto Protocol. Nevertheless, the European Emissions Trading Scheme is also an example for the implementation of an excellent textbook-idea being hampered by obstacles occuring in real-life politics. In this paper we discuss major problems of the European Emissions Trading Scheme both from a theoretic and a practical point of view.

Suggested Citation

  • Jasper Jörg & Twelemann Sven, 2005. "Das Europäische Emissionshandelssystem und seine Umsetzung in Deutschland: Eine kritische Betrachtung," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 54(3), pages 265-279, December.
    • Handle: RePEc:lus:zwipol:v:54:y:2005:i:3:p:265-279:n:2
    DOI: 10.1515/zfwp-2005-0302
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