This timely book focuses on the EU-wide greenhouse gas emissions trading scheme for major sources. This book makes clear that the economic efficiency and effectiveness of an emissions trading scheme depend to a large extent on the specific legislative choices, and hence the legislative design of such a scheme deserves meticulous attention.

Contents: PART I: INTRODUCTION TO THE BOOK 1. Introduction Michael Faure and Marjan Peeters PART II: GREENHOUSE GAS EMISSIONS TRADING IN THE EU 2. Legislative Choices and Legal Values: Considerations on the Further Design of the European Greenhouse Gas Emissions Trading Scheme from a Viewpoint of Democratic Accountability Marjan Peeters 3. Too Much Harmonization? An Analysis of the Commission’s Proposal to Amend the EU ETS from the Perspective of Legal Principles Javier De Cendra De Larragán 4. The ‘Emissions Trading Scheme’ Case-Law: Some New Paths for a Better European Environmental Protection Nicolas Van Aken 5. European Emissions Trading and the Polluter-Pays Principle: Assessing Grandfathering and Over-Allocation Edwin Woerdman, Stefano Clò and Alessandra Arcuri 6. EU Greenhouse Gas Emissions Trading and Competition Law Stefan Weishaar 7. The Underestimated Possibility of Ex Post Adjustments: Some Lessons from the Initial Greenhouse Gas Emissions Trading Scheme Chris Backes, Kurt Deketelaere, Marjan Peeters and Marijke Schurmans 8. Economic Impacts of the EU ETS: Preliminary Evidence Onno Kuik and Frans Oosterhuis PART III: ALTERNATIVES AND NEW DEVELOPMENTS 9. Regional Regulatory Initiatives Addressing GHG Leakage in the USA Erik B. Bluemel 10. Domestic Initiatives in the UK Karen E. Makuch and Zen Makuch 11. Linking the EU ETS to Other Emissions Trading Schemes Janneke Bazelmans 12. Expansion of the EU ETS: The Case of Emissions Trading for Aviation Giedre Kaminskaite-Salters 14. The European Emissions Trading System: Auctions and their Challenges Stefan Weishaar PART IV: CONCLUSIONS: FUTURE LOOK 15. Concluding Remarks Michael Faure and Marjan Peeters Index

'A collection of twelve superbly written contributions by leading researchers and scientists on greenhouse gas emissions trading by members of the European Union, as well as alternatives and new developments in this specialized area of global warming and reduction related commercial exchange. . . a seminal and strongly recommended work of particular relevance and value for both academic and governmental reference library collections on international environmental studies.'