Climate Change and Power : Economic Instruments for European Electricity

Defines the various economic policy instruments being used or considered in the electricity sector, including the point of application and protection measures such as border adjustments. It also describes the main characteristics of the major European electricity sectors, and drws conclusions concerning the instruments likely to be developed, and their potential impact.

''This book provides an essential guide to the challenges facing the power sector, but is equally enlightening to other industrial emitters, policy-makers and non-governmental organizations.''Charles Nicholson, Group Senior Advisor, BPThe electricity industry is one of the main contributors of carbon to the atmosphere. Reducing these emissions is critical to achieving international targets and mitigating climate change. Economic instruments, including emissions trading, taxes and voluntary agreements, will be crucial. However, across Europe there are widely different electricity systems and policies will have different effects. This book describes the characteristics of the main European electricity regimes, defining the range of instruments available and assessing the potential of each in each regime and for Europe as a whole.