Bibliographie

Bibliographie

SUMMARY THE BIRTH OF A NEW MARKET : THE UK TRADING ALLOWANCES SCHEME FOR CO2 EMISSIONS If climate change seems now inevitable, the worst effects of climate change can be avoided if the world acts to reduce emissions, and, in due time, stabilize the levels of carbon dioxide in the atmosphere. Eco...

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Autor Principal: Torre-Schaub, Marta
Formato: Article ou chapitre numérique
Idioma:Français
Publicado: 2004
Acceso en liña:Accès Université d'Orléans et IFPM
Accès Université d'Orléans et IFPM
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spelling cairn-RIDE_182_0251RIDERevue internationale de droit économique https://droit.cairn.info/revue-internationale-de-droit-economique-2004-2-page-251?lang=fr https://doi.org/10.3917/ride.182.0251 Bibliographie Torre-Schaub, Marta2004 fre Revue internationale de droit économique | t. XVIII2 | 2 | 2004-06-01 | p. 251-253 | 1010-8831 RIDE_18256 SUMMARY THE BIRTH OF A NEW MARKET : THE UK TRADING ALLOWANCES SCHEME FOR CO2 EMISSIONS If climate change seems now inevitable, the worst effects of climate change can be avoided if the world acts to reduce emissions, and, in due time, stabilize the levels of carbon dioxide in the atmosphere. Economic instruments have been internationally recognized as the best way to find a response to climate change. Under the Kyoto Protocol, the European Community and its members States can agree to meet their commitments jointly. The UK Climate Change Program sets out the principles and the administrations’ strategies for tackling climate change. In terms of costs and benefits, the UK Trading Permits Climate Change Scheme is one of the most performant schemes in Europe and probably in the world. This explains the genesis of the UK scheme and how it works. The legal mechanism of this scheme could be a guide and an example for an efficient European program against climate change. The UK scheme seeks to maintain competitiveness of the industries concerned. However, although in economic terms it seems to be an efficient combination of incentive subsidies with the allocative virtues of a market mechanism, it has considerable transaction costs, in particular costs of control, and its legal rules frequently are indeterminate. Yet, this need not be a disadvantage as it allows the system to evolve and to adapt itself to changes of circumstances and of the legal environment.Cairn free access
language Français
format Article ou chapitre numérique
building 0/Bibliothèque numérique/
1/Bibliothèque numérique/Cairn/
description SUMMARY THE BIRTH OF A NEW MARKET : THE UK TRADING ALLOWANCES SCHEME FOR CO2 EMISSIONS If climate change seems now inevitable, the worst effects of climate change can be avoided if the world acts to reduce emissions, and, in due time, stabilize the levels of carbon dioxide in the atmosphere. Economic instruments have been internationally recognized as the best way to find a response to climate change. Under the Kyoto Protocol, the European Community and its members States can agree to meet their commitments jointly. The UK Climate Change Program sets out the principles and the administrations’ strategies for tackling climate change. In terms of costs and benefits, the UK Trading Permits Climate Change Scheme is one of the most performant schemes in Europe and probably in the world. This explains the genesis of the UK scheme and how it works. The legal mechanism of this scheme could be a guide and an example for an efficient European program against climate change. The UK scheme seeks to maintain competitiveness of the industries concerned. However, although in economic terms it seems to be an efficient combination of incentive subsidies with the allocative virtues of a market mechanism, it has considerable transaction costs, in particular costs of control, and its legal rules frequently are indeterminate. Yet, this need not be a disadvantage as it allows the system to evolve and to adapt itself to changes of circumstances and of the legal environment.
author Torre-Schaub, Marta
spellingShingle Torre-Schaub, Marta
Bibliographie
author_facet Torre-Schaub, Marta
author_sort Torre-Schaub, Marta
title Bibliographie
title_short Bibliographie
title_full Bibliographie
title_fullStr Bibliographie
title_full_unstemmed Bibliographie
title_sort bibliographie
publishDate 2004
container_title
container_issue
url https://ezproxy.univ-orleans.fr/login?url=https://droit.cairn.info/revue-internationale-de-droit-economique-2004-2-page-251?lang=fr
https://ezproxy.univ-orleans.fr/login?url=https://doi.org/10.3917/ride.182.0251
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