Edited by Johan Albrecht, Research Fellow, Center for Environmental Economics and Environmental Management and Lecturer, Environmental Economics, Faculty of Economics and Business Administration, University of Ghent, Belgium

'This book will be invaluable both to researchers wanting to understand latest developments in theory and practice, and to those in the policy process wishing to design and implement climate change policies using the flexibility mechanisms.'

• Contents: 1. Introduction Johan Albrecht2. Climate Policy Instruments and Strategies: EU and US Perspectives Peter Zapfel and David Gardiner3. Economic Efficiency of Cross-Sectoral Emissions Trading in CO2 in the European Union Pantelis Capros, Leonidas Mantzos, Matti Vainio and Peter Zapfel4. Why Did the EU Propose to Limit Emissions Trading? A Theoretical and Empirical Analysis Edwin Woerdman5. Supplementarity in the European Carbon Emission Market Johan Eyckmans and Jan Cornillie6. On the Optimal Timing of Reductions of CO2 Emissions: An Economist’s Perspective on the Debate on ‘When Flexibility’ Henri L.F. de Groot7. Joint Implementation as a Flexible Instrument – A CGE Analysis between a Developing and an Industrialized Country Christoph Böhringer, Klaus Conrad and Andreas Löschel8. The Australian Greenhouse Challenge: Lessons Learned and Future Prospects for Voluntary Approaches in Climate Policy Rory Sullivan and Robin Ormerod9. The Clean Development Mechanism: Potential, Promise and Limitations Jyoti P. Painuly10. Risk Management of Joint Implementation and Clean Development Mechanism Projects through Carbon Investment Funds Josef Janssen11. On the Dynamic Efficiency and Environmental Integrity of GHG Tradable Quotas Khalil HeliouiIndex

Edited by Johan Albrecht, Research Fellow, Center for Environmental Economics and Environmental Management and Lecturer, Environmental Economics, Faculty of Economics and Business Administration, University of Ghent, Belgium

'This book will be invaluable both to researchers wanting to understand latest developments in theory and practice, and to those in the policy process wishing to design and implement climate change policies using the flexibility mechanisms.'

• Contents: 1. Introduction Johan Albrecht2. Climate Policy Instruments and Strategies: EU and US Perspectives Peter Zapfel and David Gardiner3. Economic Efficiency of Cross-Sectoral Emissions Trading in CO2 in the European Union Pantelis Capros, Leonidas Mantzos, Matti Vainio and Peter Zapfel4. Why Did the EU Propose to Limit Emissions Trading? A Theoretical and Empirical Analysis Edwin Woerdman5. Supplementarity in the European Carbon Emission Market Johan Eyckmans and Jan Cornillie6. On the Optimal Timing of Reductions of CO2 Emissions: An Economist’s Perspective on the Debate on ‘When Flexibility’ Henri L.F. de Groot7. Joint Implementation as a Flexible Instrument – A CGE Analysis between a Developing and an Industrialized Country Christoph Böhringer, Klaus Conrad and Andreas Löschel8. The Australian Greenhouse Challenge: Lessons Learned and Future Prospects for Voluntary Approaches in Climate Policy Rory Sullivan and Robin Ormerod9. The Clean Development Mechanism: Potential, Promise and Limitations Jyoti P. Painuly10. Risk Management of Joint Implementation and Clean Development Mechanism Projects through Carbon Investment Funds Josef Janssen11. On the Dynamic Efficiency and Environmental Integrity of GHG Tradable Quotas Khalil HeliouiIndex

Edited by Johan Albrecht, Research Fellow, Center for Environmental Economics and Environmental Management and Lecturer, Environmental Economics, Faculty of Economics and Business Administration, University of Ghent, Belgium

'This book will be invaluable both to researchers wanting to understand latest developments in theory and practice, and to those in the policy process wishing to design and implement climate change policies using the flexibility mechanisms.'

• Contents: 1. Introduction Johan Albrecht2. Climate Policy Instruments and Strategies: EU and US Perspectives Peter Zapfel and David Gardiner3. Economic Efficiency of Cross-Sectoral Emissions Trading in CO2 in the European Union Pantelis Capros, Leonidas Mantzos, Matti Vainio and Peter Zapfel4. Why Did the EU Propose to Limit Emissions Trading? A Theoretical and Empirical Analysis Edwin Woerdman5. Supplementarity in the European Carbon Emission Market Johan Eyckmans and Jan Cornillie6. On the Optimal Timing of Reductions of CO2 Emissions: An Economist’s Perspective on the Debate on ‘When Flexibility’ Henri L.F. de Groot7. Joint Implementation as a Flexible Instrument – A CGE Analysis between a Developing and an Industrialized Country Christoph Böhringer, Klaus Conrad and Andreas Löschel8. The Australian Greenhouse Challenge: Lessons Learned and Future Prospects for Voluntary Approaches in Climate Policy Rory Sullivan and Robin Ormerod9. The Clean Development Mechanism: Potential, Promise and Limitations Jyoti P. Painuly10. Risk Management of Joint Implementation and Clean Development Mechanism Projects through Carbon Investment Funds Josef Janssen11. On the Dynamic Efficiency and Environmental Integrity of GHG Tradable Quotas Khalil HeliouiIndex