Business and Emissions Trading from a Public Choice Perspective: Waiting for a New Paradigm to Emerge
Research output: Contributions to collected editions/works › Chapter › peer-review
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Emissions trading: Institutional Design, Decision Making and Corporate Strategies. ed. / Ralf Antes; Bernd Hansjürgens; Peter Letmathe. New York, NY: Springer New York, 2008. p. 21-35.
Research output: Contributions to collected editions/works › Chapter › peer-review
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RIS
TY - CHAP
T1 - Business and Emissions Trading from a Public Choice Perspective
T2 - Waiting for a New Paradigm to Emerge
AU - Tschochohei, Heinrich
AU - Zöckler, Jan
PY - 2008/1/1
Y1 - 2008/1/1
N2 - Emissions trading is the economist's preferred instrument for handling CO2 emissions. It is described as an efficient and effective instrument that motivates corporations to redesign their internal decision-making processes and innovation management. Referring to the European Emissions Trading Scheme (ETS) and, in particular, to its implementation in Germany as defined by the National Allocation Plan covering the period 2005-2007 (NAP I), we derive hypotheses about the interests of the actors deciding environmental policy against the background of Public Choice Theory. This helps us to understand why the practice in environmental policy differs significantly from theory. We argue that the German NAP I reflects a structural conservatism. Although comprehensive ET comes into force for the first time, we will still have to wait for a new paradigm to emerge in environmental policy.
AB - Emissions trading is the economist's preferred instrument for handling CO2 emissions. It is described as an efficient and effective instrument that motivates corporations to redesign their internal decision-making processes and innovation management. Referring to the European Emissions Trading Scheme (ETS) and, in particular, to its implementation in Germany as defined by the National Allocation Plan covering the period 2005-2007 (NAP I), we derive hypotheses about the interests of the actors deciding environmental policy against the background of Public Choice Theory. This helps us to understand why the practice in environmental policy differs significantly from theory. We argue that the German NAP I reflects a structural conservatism. Although comprehensive ET comes into force for the first time, we will still have to wait for a new paradigm to emerge in environmental policy.
KW - Sustainability sciences, Management & Economics
KW - German National Allocation Plan
KW - Public Choice Theory
UR - http://www.scopus.com/inward/record.url?scp=84861316615&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/e6d9895a-31b1-30cf-8a5a-b90cc65363e2/
U2 - 10.1007/978-0-387-73653-2_2
DO - 10.1007/978-0-387-73653-2_2
M3 - Chapter
SN - 978-0-387-73652-5
SP - 21
EP - 35
BT - Emissions trading
A2 - Antes, Ralf
A2 - Hansjürgens, Bernd
A2 - Letmathe, Peter
PB - Springer New York
CY - New York, NY
ER -