Misconceptions About Emissions Trading in Europe

Woerdman, E. and A. Nentjes, ‘Misconceptions about Emissions Trading in Europe’, in: G.B. Ramello and A. Marciano (eds.), Law and Economics in Europe and the US: The Legacy of Juergen Backhaus, New York: Springer. (Forthcoming)

University of Groningen Faculty of Law Research Paper 2016-20

19 Pages Posted: 19 Apr 2016 Last revised: 2 Dec 2016

See all articles by Edwin Woerdman

Edwin Woerdman

University of Groningen - Faculty of Law

Andries Nentjes

University of Groningen - Faculty of Law

Date Written: March 1, 2016

Abstract

The debate on the European Union Emissions Trading Scheme (EU ETS) is blurred, over-simplified and sometimes misguided. There appears to be confusion about what the EU ETS should deliver, whether it is effective in doing so, and how the scheme should be characterized. In our paper we aim to correct three primary misconceptions, which would facilitate a nuanced and more precise debate on emissions trading in Europe.

Keywords: Emissions trading, EU ETS, carbon tax, innovation, cap-and-trade, performance standard rate trading

JEL Classification: D62, H23, K32, Q48

Suggested Citation

Woerdman, Edwin and Nentjes, Andries, Misconceptions About Emissions Trading in Europe (March 1, 2016). Woerdman, E. and A. Nentjes, ‘Misconceptions about Emissions Trading in Europe’, in: G.B. Ramello and A. Marciano (eds.), Law and Economics in Europe and the US: The Legacy of Juergen Backhaus, New York: Springer. (Forthcoming), University of Groningen Faculty of Law Research Paper 2016-20, Available at SSRN: https://ssrn.com/abstract=2766351

Edwin Woerdman (Contact Author)

University of Groningen - Faculty of Law ( email )

9700 AS Groningen
Netherlands
+31 50 363 5736 (Phone)
+31 50 363 7101 (Fax)

Andries Nentjes

University of Groningen - Faculty of Law ( email )

9700 AS Groningen
Netherlands

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