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The political economy of a tradable GHG permit market in the European Union

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The EU has committed itself to meet an 8% greenhouse gas (GHG) reduction target level following the Kyoto agreement. Therefore, the EU Commission has just proposed a new directive establishing a framework for GHG emissions trading within the European Union. This proposal is the outcome of a policy process started by the EU Commission and its Green Paper from March 2000. The main industrial stakeholders all had the opportunity to comment on the Green Paper and from their positions we will analyse how far they are winners or losers compared to the final directive proposal. Here, we find that the dominant interest groups indeed influenced the final design of an EU GHG market.
Original languageEnglish
Publication statusPublished - 2002

    Research areas

  • Rent-seeking, grandfathering, permit trading, Kyoto protocol, greenhouse gases, political economy, European Union, lobbyism

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