Climate Policy After Copenhagen

At the UN Climate Negotiations in Copenhagen, 117 heads of state concluded that low-carbon development is necessary in order to combat climate change. However, they also understood that transition to a low-carbon economy requires the implementation of a portfolio of policies and programs a challenging endeavour for any nation. This book addresses the need for information about factors impacting climate policy implementation, using as a case study one effort that is at the heart of attempts to create a low-carbon future: the European Emission Trading Scheme. It explores problems surrounding the implementation of the ETS, including the role of vested interests, the impact of design details and opportunities to attract long-term investments. It also shows how international climate cooperation can be designed to support the domestic implementation of low-carbon policies. This timely analysis of carbon pricing contains important lessons for all those concerned with the development of post-Copenhagen climate policy.

Karsten Neuhoff is Director of the Berlin office of Climate Policy Initiative, a global research organisation whose mission is to assess, diagnose and support the efforts of nations to achieve low-carbon growth. He is also Research Director for Climate Policy Impact and Industry Response at the Gentian Institute for Economic Research (DIW Berlin). He was previously an economist at the University of Cambridge leading climate policy and energy research projects, and worked with Climate Strategies on projects related to the European Union emissions-trading scheme.