Jon Birger Skjærseth is a Research Professor at the Fridtjof Nansen Institute and Per Ove Eikeland is Senior Research Fellow at the Fridtjof Nansen Institute, Norway.

’With greenhouse gas emissions trading schemes emerging worldwide, this thorough and original analysis of the pioneering scheme of the European Union is certainly timely. By showing how the EU ETS affects the behaviour of the companies it targets, this volume provides useful lessons for climate policy design while adding valuable empirical insights to studies of corporate governance.’ Harro van Asselt, Stockholm Environment Institute, Sweden ’Getting serious about climate change requires engaging business. This new volume offers the best and most systematic look at how companies have responded to Europe's emission trading scheme - the world's largest and most promising effort to control the emissions that cause global warming. The authors examine all the most important industrial sectors with skill and insight.’ David G. Victor, Laboratory on International Law and Regulation, University of California at San Diego, USA

• 1: Introduction; 2: Analytical Framework; 3: Electric Power Industry; 4: Oil Industry; 5: Pulp and Paper Industry; 6: Cement Industry; 7: Steel Industry 1; 8: Comparative Analysis; 9: Concluding Remarks and the Road Ahead

Jon Birger Skjærseth is a Research Professor at the Fridtjof Nansen Institute and Per Ove Eikeland is Senior Research Fellow at the Fridtjof Nansen Institute, Norway.

’With greenhouse gas emissions trading schemes emerging worldwide, this thorough and original analysis of the pioneering scheme of the European Union is certainly timely. By showing how the EU ETS affects the behaviour of the companies it targets, this volume provides useful lessons for climate policy design while adding valuable empirical insights to studies of corporate governance.’ Harro van Asselt, Stockholm Environment Institute, Sweden ’Getting serious about climate change requires engaging business. This new volume offers the best and most systematic look at how companies have responded to Europe's emission trading scheme - the world's largest and most promising effort to control the emissions that cause global warming. The authors examine all the most important industrial sectors with skill and insight.’ David G. Victor, Laboratory on International Law and Regulation, University of California at San Diego, USA

• 1: Introduction; 2: Analytical Framework; 3: Electric Power Industry; 4: Oil Industry; 5: Pulp and Paper Industry; 6: Cement Industry; 7: Steel Industry 1; 8: Comparative Analysis; 9: Concluding Remarks and the Road Ahead

Jon Birger Skjærseth is a Research Professor at the Fridtjof Nansen Institute and Per Ove Eikeland is Senior Research Fellow at the Fridtjof Nansen Institute, Norway.

’With greenhouse gas emissions trading schemes emerging worldwide, this thorough and original analysis of the pioneering scheme of the European Union is certainly timely. By showing how the EU ETS affects the behaviour of the companies it targets, this volume provides useful lessons for climate policy design while adding valuable empirical insights to studies of corporate governance.’ Harro van Asselt, Stockholm Environment Institute, Sweden ’Getting serious about climate change requires engaging business. This new volume offers the best and most systematic look at how companies have responded to Europe's emission trading scheme - the world's largest and most promising effort to control the emissions that cause global warming. The authors examine all the most important industrial sectors with skill and insight.’ David G. Victor, Laboratory on International Law and Regulation, University of California at San Diego, USA

• 1: Introduction; 2: Analytical Framework; 3: Electric Power Industry; 4: Oil Industry; 5: Pulp and Paper Industry; 6: Cement Industry; 7: Steel Industry 1; 8: Comparative Analysis; 9: Concluding Remarks and the Road Ahead