The emphasis of the book lies in finding critical solutions to global climate change including chapters on environmental fiscal reform and unemployment in Spain, EU structural and cohesion policy and sustainable development, ecological tax reform in Europe and Asia, Australia’s carbon pricing mechanism, and many other timely topics.

Contents: Preface PART I: CARBON PRICING AND ENVIRONMENTAL FISCAL REFORM 1. Environmental Fiscal Reform and Unemployment in Spain Anil Markandya, Mikel González-Eguino and Marta Escapa 2. EU Structural and Cohesion Policy and Sustainable Development Bettina Bahn-Walkowiak, Arkaitz Usubiaga and Philipp Schepelmann 3. Decentralized Environmental Taxation: A Preliminary Assessment Fiorenza Carraro and Andrea Zatti PART II: LOW CARBON GREEN GROWTH 4. Taxation Reform for Promoting Low Carbon Green Growth in China Chazhong Ge, Xiaoqiong Li, Jinnan Wang, Yajuan Ren and Minbin Xue 5. Ecological Tax Reform in Europe and Central Asia Jacqueline Cottrell and Eike Meyer 6. Lower Carbon Energy: The Case of Hydraulic Fracturing for Natural Gas Hans Sprohge, Rahmat Tavallali, Larry Kreiser and Bill Butcher PART III: CARBON PRICING THROUGH EMISSIONS TRADING 7. Emissions Trading to Improve Visibility in Specially Protected Areas in the US: An Alternative to Retrofit Control Requirements in a Sustainable Economy Agustín F. Carbó Lugo 8. Related Party Transactions and Emissions Rights: Accounting and Direct International Taxation J.I. Gorospe-Oviedo and A.I. Mateos-Ansótegui 9. Harmful Subsidies on Fossil Fuels: ETS Windfall Profits and Coal Protection for Electricity in Spain Ana Yábar Sterling and Diana C. Perez Bustamante PART IV: EMISSIONS TRADING SCHEMES 10. GHG Emissions Trading Schemes in Northeast Asia: An Overview and Analysis of Current Scenarios Xianbing Liu, Sunhee Suk and Kinichi Sudo 11. Towards Sustainable Carbon Markets: Requirements for Effective, Efficient, and Fair Emissions Trading Schemes Sven Rudolph, Christine Lenz, Achim Lerch and Barbara Volmert 12. Linking Land Sector Activities to Emissions Trading: Australia’s Carbon Farming Initiative Celeste M. Black PART V: IMPACTS OF CARBON PRICING 13. Determinants of Willingness to Pay for Emissions Reduction: A Comparative Study of Japan and South Korea Tae-Yeoun Lee 14. The Effects of Carbon/Energy Taxes on R&D Expenditure in Sweden Yasushi Ito 15. Carbon-Energy Tax, Emission Permits and Border Tax Adjustments Alberto Majocchi PART VI: CARBON LEAKAGE CONCERNS 16. Is Carbon Leakage Really Low? A Critical Reconsideration of the Leakage Concept Florian Habermacher 17. Australia’s Carbon Pricing Mechanism Elena de Lemos Pinto Aydos Index