Climate Change in Power: Economic Instruments for European Electricity

'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, BP The 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.