CEU Electronic Theses and Dissertations, 2009
| Author | Shapiro, Daniel Seth |
|---|---|
| Title | Love Thy New Neighbor: New Entrant Participation of 'Environmental Marketization' Within the European Union Emissions Trading Scheme |
| Summary | The European Union has embarked on an unprecedented effort to implement a cap-and-trade system across its member statehood, called the Emissions Trading System (ETS). The ETS regulates carbon emissions via imposing an upper limit ‘cap’, and encourages participating industries to improve their operating practices with economics-based incentives—analyzed here as ‘environmental marketization’—by attaching property rights to a unit of carbon emissions and promoting the trading of these specified credits on a free-market system. The ‘cap’ and ‘trade’ of pollution is designed to promote a least-cost opportunity to stimulate a more environmentally friendly and lower-carbon EU. Upon closer inspection of this wide-reaching scheme, the question of ‘new entrants’ has arisen as one that engenders a dilemma worthy of research exploration. While constraining emissions activity, the ETS makes room for new participants through the establishment of a New Entrant Reserve (NER), a designated cache of carbon credits for new participants or modified incumbent participants. Including a case study of the United Kingdom, this research discussion intends to highlight the true intentions of the actors involved in the execution of an NER, exposing the ETS dilemma as a way to serve the interests of business expansion at the expense of environmental improvement. |
| Supervisor | Goldthau, Andreas |
| Department | Public Policy MA |
| Full text | https://www.etd.ceu.edu/2009/shapiro_daniel.pdf |
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