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Business and emissions trading from a public choice perspective – waiting for a new paradigm to emerge

In: Emissions Trading

Author

Listed:
  • Heinrich Tschochohei

    (Leuphana University of Lüneburg)

  • Jan Zöckler

    (PricewaterhouseCoopers)

Abstract

Emissions trading is the economist’s preferred instrument for handling CO2 emissions. It is described as an efficient and effective instrument that motivates corporations to redesign their internal decision-making processes and innovation management. Referring to the European Emissions Trading Scheme (ETS) and, in particular, to its implementation in Germany as defined by the National Allocation Plan covering the period 2005-2007 (NAP I), we derive hypotheses about the interests of the actors deciding environmental policy against the background of Public Choice Theory. This helps us to understand why the practice in environmental policy differs significantly from theory. We argue that the German NAP I reflects a structural conservatism. Although comprehensive ET comes into force for the first time, we will still have to wait for a new paradigm to emerge in environmental policy.

Suggested Citation

  • Heinrich Tschochohei & Jan Zöckler, 2008. "Business and emissions trading from a public choice perspective – waiting for a new paradigm to emerge," Springer Books, in: Ralf Antes & Bernd Hansjürgens & Peter Letmathe (ed.), Emissions Trading, pages 21-35, Springer.
    • Handle: RePEc:spr:sprchp:978-0-387-73653-2_2
    DOI: 10.1007/978-0-387-73653-2_2
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    Cited by:

    1. Drew, Andres J., 2010. "New rules, new politics, same actors – explaining policy change in the EU ETS," LSE Research Online Documents on Economics 37599, London School of Economics and Political Science, LSE Library.
    2. Andr�s J. Drew, 2010. "New rules, new politics, same actors � explaining policy change in the EU ETS," GRI Working Papers 29, Grantham Research Institute on Climate Change and the Environment.

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