12 years of european emissions trading in Germany

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This anthology reviews the first 12 years of European emissions trading, clarifying its significance and looking ahead. Renowned experts from various fields share their insights on the European emissions trading system (EU ETS). The book features articles that reflect on the early, dynamic phase of emissions trading from the perspectives of those directly involved. It offers a comprehensive overview of the EU ETS's emergence, impact, and ongoing development. Many contributions discuss the negotiations and outcomes of the reform for the fourth trading period. Following the German edition's release in early 2018, there was significant interest in an English version, particularly to shed light on the EU ETS's beginnings in Germany and its implications for other countries considering carbon pricing through emissions trading. While the ETS has seen successes, evidenced by the increasing number of planned and existing systems, there have also been setbacks in places like Australia, the USA, and Ontario, highlighting the need for political support and social acceptance for a sustainable emissions trading system. Germany's experiences can provide valuable lessons for establishing a robust and effective ETS.