Home  About FNI  Research  Publications  Staff  News & events  Contact		FNI PROJECTS Reforming the EU Emissions Trading System: Causes and Consequences The EU Emissions Trading System (EU ETS) is the world’s first large scale international emissions trading system. The system represents a grand experiment in climate policy aimed at restructuring European energy production and use at lowest cost possible. The system is still in the making, with major changes adopted in December 2008. A major problem so far has been the allocation of too many allowances to participating industries. There has, however, been little research on how the system actually has worked: Has it changed the behaviour of big industrial emitters? This project will analyse the reform of the EU ETS and assess the revised system’s prospect to deliver innovation and reductions if greenhouse gas emissions, combining insight in the EU policy initiation and decision-making process and implementation at company level. Project leader: Jon Birger Skjærseth Project period: 2009-2012 Publications: Christensen, Anne Raaum, 'Klimakupp' ('Climate Coup'), Dagens Næringsliv, 20.06.2011. In Norwegian. Skjærseth, Jon Birger and Jørgen Wettestad, 'Fixing the EU Emissions Trading System? Understanding the Post-2012 Changes'. Global Environmental Politics, Vol 10, No 4, 2010, pp. 101-123. Skjærseth, Jon Birger, 'EU Emissions Trading: Legitimacy and Stringency'. Environmental Policy and Governance, Vol 20, No 5, 2010, pp. 295-308. Skjærseth, Jon Birger and Jørgen Wettestad, 'The EU Emissions Trading System Revised (Directive 2009/29/EC)'. In Oberthur, S. and M. Pallemaerts (eds), The New Climate Policies of the European Union. Brussels, VUB Press, 2010, pp. 65-93. Skjærseth, Jon Birger and Jørgen Wettestad, 'Making the EU Emissions Trading System: The European Commission as an Entrepreneurial Epistemic Leader'. Global Environmental Change, Vol 20, No 2, 2010, pp. 314-321. Wettestad, Jørgen, 'European Climate Policy: Toward Centralized Governance?' Review of Policy Research, Vol 26, No 3, 2009, pp. 311-328. Skjærseth, Jon Birger and Jørgen Wettestad, 'Styrking av EUs kvotehandelssytem' ('Strengthening of the EU Emissions Trading System'), Klima, No 3, 20 May 2009. In Norwegian. Skjærseth, Jon B. and Jørgen Wettestad, 'The Origin, Evolution and Consequences of the EU Emissions Trading System'. Global Environmental Politics, Vol 9, No 2, 2009, pp. 101-123. Top		Related focal points of research:   European energy and environmental politics Project funding:   Research Council of Norway (RENERGI Programme) Other related FNI projects:   The EU Emissions Trading Scheme: Key Conditions and Prospects for Effectiveness.
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