Governance and Environmental Policy Integration in Europe: What Can We Learn from the EU Emission Trading Scheme?

30 Pages Posted: 22 May 2007

See all articles by Barbara K. Buchner

Barbara K. Buchner

International Energy Agency; Fondazione Eni Enrico Mattei (FEEM)

Michela Catenacci

Fondazione Eni Enrico Mattei (FEEM)

Alessandra Sgobbi

Fondazione Eni Enrico Mattei (FEEM) ; CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici

Date Written: May 2007

Abstract

The European Union Emission Trading System (EU ETS) is a landmark environmental policy, representing the world's first large-scale greenhouse gas (GHG) trading program. The coexistence of state actors and top-down processes with stakeholders participation and flexible abatement strategies make the EU ETS a powerful instrument of cross sectoral integration of environmental concerns, which benefits from a high level of interaction among the actors involved and a significant degree of information exchange. However, the same peculiarities of the system make it difficult to identify a correspondence with a single mode of governance. The EU ETS shows characteristics of the decision making processes and institutions engaged, the tools and instruments used as well as the actors involved, which change according to the different levels of governance, and belong both to the old and to the new modes of governance. The emission trading scheme represents a clear example of Multi-Level governance, where the different modes of governance interact among them and affect each other.

Keywords: Environmental Policy Integration, Climate Change, Emission Trading, EU Policy

JEL Classification: H23, F53, Q28

Suggested Citation

Buchner, Barbara K. and Catenacci, Michela and Sgobbi, Alessandra, Governance and Environmental Policy Integration in Europe: What Can We Learn from the EU Emission Trading Scheme? (May 2007). FEEM Working Paper No. 54, Available at SSRN: https://ssrn.com/abstract=987458 or http://dx.doi.org/10.2139/ssrn.987458

Barbara K. Buchner

International Energy Agency ( email )

9 rue de la Fédération
Paris
France
+33(0)140576687 (Phone)
+33(0)140576739 (Fax)

Fondazione Eni Enrico Mattei (FEEM) ( email )

Campo S. M. Formosa, Castello 5252
Venezia, 30122
Italy
+39 04 1271 1470 (Phone)
+39 04 1271 1461 (Fax)

Michela Catenacci (Contact Author)

Fondazione Eni Enrico Mattei (FEEM) ( email )

C.so Magenta 63
Milano, 20123
Italy

Alessandra Sgobbi

Fondazione Eni Enrico Mattei (FEEM) ( email )

Corso Magenta 63
20123 Milan
Italy

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici ( email )

via Augusto Imperatore, 16
Lecce, I-73100
Italy

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