Introduction : Emissions Trading as a Policy Instrument: Evaluation and Prospects

Marc Gronwald*, Beat Hintermann

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingForeword/postscript


In this introductory chapter, we describe the goals of the workshop in Venice that has led to this collection of essays and give a brief overview over the individual chapters in this book. We divide them into four different thematic sections that focus, respectively, on the current state and the development of the EU ETS (Section I); aspects related to political economy in the sense that firms aim to influence climate regulation (Section II); interactions with parallel instruments of climate policy (Section III); and firm behavior in the emissions market (Section IV). We provide some general and mostly positive conclusions about the EU ETS as a policy experiment, but argue that in order for it to provide a significant contribution to combatting climate change, the future cap should be tightened.
Original languageEnglish
Title of host publicationEmissions Trading as a Policy Instrument
Subtitle of host publicationEvaluation and Prospects
EditorsM Gronwald, B Hintermann
PublisherThe MIT Press
Number of pages12
ISBN (Print)978-0-262-02928-5
Publication statusPublished - 2015
EventWorkshop on Emissions Trading as Climate Policy Instruments - Evaluation and Prospects - Venice, Italy
Duration: 22 Jul 201323 Jul 2013

Publication series

NameCESifo Seminar Series
PublisherMIT PRESS


ConferenceWorkshop on Emissions Trading as Climate Policy Instruments - Evaluation and Prospects

Bibliographical note

We thank Janina Ketterer, Sonja Peterson, Wilfried Rickels, Ulrich Wagner, and Luca Taschini for serving as discussants for the workshop and this book. We also thank CESifo for funding the workshop on San Servolo Island in Venice. It is difficult to think of a more pleasant place for hosting a scientific workshop. We further thank Olga Zudova and Rahel Aichele for valuable assistance with workshop logistics and the (p.12) submission process of this volume, along with the anonymous referees and Emily Taber and John Covell of the MIT Press.


  • Emissions trading
  • permit market
  • EU ETS
  • Climate
  • air Pollution


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