Presents research on actual economic, political and institutional constraints and implications. This work examines the role of linking trading schemes for the development of the post-Kyoto climate architecture and for increasing linkage between schemes. It is suitable for those involved in the design of trading schemes and offset mechanisms.

Complying with the forthcoming tightening of CO2 emission allocations in the EU may mean big bills for the industries affected. Leading experts examine the impacts on competitiveness and the commercial incentives available from the CO2 allowance allocations under the methodologies, and whether - and if so at what stage - the ETS itself may need to be amended. The study is multidisciplinary, combining economic, legal and policy analysis with specific studies of impacts on electricity, cement and other industrial sectors and the allocation issues.

This volume examines issues surrounding the allocation of allowances in the EU Emissions Trading Scheme (ETS) and the implications for Phase II of this hugely important programme.

This special issue of the Climate Policy journal addresses the following key questions: * What long-term range of policies for climate change adaptation and mitigation should Europe pursue to adequately enhance sustainability on a global level? * What are the implications of long-term European climate strategy for the design of a global post-2012 climate regime? * What are the key concerns of different stakeholders and how will these concerns impact on long-term climate policy? These questions were discussed during two workshops, commissioned by the European Forum on Integrated Environmental...