2019
DOI: 10.1111/ropr.12345
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Smokescreen Politics? Ratcheting Up EU Emissions Trading in 2017

Abstract: The reform of the EU Emissions Trading System (ETS) adopted in November 2017 was surprisingly strong, given the previous opposition from central member‐states like Poland and key stakeholders like the energy‐intensive industries. The carbon price has also increased substantially since then. To explain why such major reform was possible, we present several findings with wider relevance. Importantly, all the actors pushing for a more ambitious reform benefitted from having a central, “second‐best” mechanism in p… Show more

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Cited by 44 publications
(27 citation statements)
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“…Additionally, the ETS has not reduced competitiveness of impacted companies (Joltreau and Sommerfeld 2019). The EU ETS, which was reformed in 2018 to avoid a growing surplus of emission rights (Wettestad and Jevnaker 2019;EU 2018), will also lead to further reductions. Its phase four, beginning in 2021, includes a yearly reduction of the cap of 2.2 percent (Oberthür 2019, 19).…”
Section: Describing the Status Quo: Emission Profiles And Policies In The European Unionmentioning
confidence: 99%
“…Additionally, the ETS has not reduced competitiveness of impacted companies (Joltreau and Sommerfeld 2019). The EU ETS, which was reformed in 2018 to avoid a growing surplus of emission rights (Wettestad and Jevnaker 2019;EU 2018), will also lead to further reductions. Its phase four, beginning in 2021, includes a yearly reduction of the cap of 2.2 percent (Oberthür 2019, 19).…”
Section: Describing the Status Quo: Emission Profiles And Policies In The European Unionmentioning
confidence: 99%
“…Such hedging strategies resemble the attitudes of businesses that do not directly oppose environmental regulations but attempt to shape regulations to minimize their cost exposure (Meckling, 2015). An example of hedging is the position of the steelworkers’ unions affiliated to the European trade union federation IndustriAll Europe over the latest reform of the EU ETS, adopted in February 2018 (Wettestad and Jevnaker, 2019). The EU ETS is a carbon cap-and-trade scheme that sets binding emission reduction targets for industrial facilities and power plants.…”
Section: A Typology Of Trade Union Strategies Towards Climate Changementioning
confidence: 99%
“…Crucially, these withdrawn allowances would be taken from the auction share, in part to avoid the politically fraught process of removing them from the free allocation to individual companies. 9 These debates on volume management and allocation continued during the preparation of the 2018 Directive, the legislation that set the parameters for the ETS's fourth trading period between 2021 and 2030 (see Wettestad and Jevnaker 2019). In 2014, the European Council had decided to set a 40% reduction target for 2030 (European Council 2014), and the 2018 Directive was meant to implement that new target for the ETS.…”
Section: Intervening In the Market (2009-2018)mentioning
confidence: 99%