The European Union (EU) aims to put Europe on track toward a low-carbon economy. In this striking challenge, the EU Emissions Trading System (EU ETS) has been singled out as the Union s key climate policy instrument, ultimately aimed as a model for a global carbon market. The learning effect of the EU ETS could thus be tremendous. This study explores how the EU ETS actually works on the ground, affecting corporate climate strategies. It covers general sector responses as well as systematic comparative studies of companies across the sectors. The latter enables improved understanding of causal...

Based on an innovative theoretical framework combining theories of EU policy making, negotiation and implementation, this comprehensive book examines EU climate and energy policies from the early 1990s until the adoption of new policies for 2030. The authors investigate how the linking of climate and energy concerns in policy packages has facilitated agreement among EU leaders with very different policy ambitions. Employing in-depth studies from a diverse range of energy-economic countries, the book also explores the impact of the implementation of policies on the climate and energy policy...