This book draws upon a meticulous study of background documents and a string of fresh interviews to tell the fascinating story of how the EU’s climate flagship was significantly improved. The EU’s emissions trading system (ETS) covers almost half of its greenhouse gas emissions and has been hailed as the cornerstone and flagship of EU climate policy. But in spring 2013 the ETS was in severe crisis, with a huge surplus of allowances and a sagging carbon price. Even a formally simple measure to change the timing of auctioning was initially rejected by the European Parliament. Two years later a much more important ‘market thermostat’ was adopted (i.e. the Market Stability Reserve) and proposals for a complete ETS overhaul were put on the table. This book examines and explains how it was possible to turn the flagship around so quickly. Crucial changes at EU and national levels are identified, chief among them in Germany and the European Parliament.

Based on an innovative theoretical framework combining theories of EU policy making, negotiation and implementation, this comprehensive book examines EU climate and energy policies from the early 1990s until the adoption of new policies for 2030. The authors investigate how the linking of climate and energy concerns in policy packages has facilitated agreement among EU leaders with very different policy ambitions. Employing in-depth studies from a diverse range of energy-economic countries, the book also explores the impact of the implementation of policies on the climate and energy policy framework and the Energy Union initiative.Social scientists and researchers in EU climate and energy policies will find the new empirical data and theoretical approach useful to their work. Students of the social sciences and politics will also benefit from the accessible overview of EU climate and energy policy development. This book will also be of interest to private and public decision-makers looking for explanations for the causes and consequences of EU climate and energy policy development.

This book draws upon a meticulous study of background documents and a string of fresh interviews to tell the fascinating story of how the EU’s climate flagship was significantly improved. The EU’s emissions trading system (ETS) covers almost half of its greenhouse gas emissions and has been hailed as the cornerstone and flagship of EU climate policy. But in spring 2013 the ETS was in severe crisis, with a huge surplus of allowances and a sagging carbon price. Even a formally simple measure to change the timing of auctioning was initially rejected by the European Parliament. Two years later a much more important ‘market thermostat’ was adopted (i.e. the Market Stability Reserve) and proposals for a complete ETS overhaul were put on the table. This book examines and explains how it was possible to turn the flagship around so quickly. Crucial changes at EU and national levels are identified, chief among them in Germany and the European Parliament.

Based on an innovative theoretical framework combining theories of EU policy making, negotiation and implementation, this comprehensive book examines EU climate and energy policies from the early 1990s until the adoption of new policies for 2030. The authors investigate how the linking of climate and energy concerns in policy packages has facilitated agreement among EU leaders with very different policy ambitions. Employing in-depth studies from a diverse range of energy-economic countries, the book also explores the impact of the implementation of policies on the climate and energy policy framework and the Energy Union initiative.Social scientists and researchers in EU climate and energy policies will find the new empirical data and theoretical approach useful to their work. Students of the social sciences and politics will also benefit from the accessible overview of EU climate and energy policy development. This book will also be of interest to private and public decision-makers looking for explanations for the causes and consequences of EU climate and energy policy development.