1 Grubb, M. Preface. Clim Policy 2006, 6(4
2 Capoor, K, Ambrosi, P. State and trends of the carbon market 2007. Washington: World Bank
3 Point Carbon. Outlook for 2008. London: Point Carbon
4 Engels, A, Knoll, L, Huth, M. Preparing for the ‘real’ market: national patterns of institutional learning and company behaviour in the European emissions trading scheme (EU ETS). Eur Environ 2008, 18(5
5 Official Journal of the European Communities. Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC
; 2003, OJL 275, 25.10.2003, 32–46.
6 Official Journal of the European Union. Directive 2004/101/EC of the European Parliament and of the Council of 27 October 2004 Amending Directive 2003/87/EC Establishing a Scheme for Greenhouse Gas Emission Allowance Trading within the Community, in Respect of the Kyoto Protocol`s project mechanisms
, 2004, OJEC 13.11.2004, L 338/18‐23.
7 Vis, P. %22The first allocation round: a brief history%22. In: Delbeke, J, ed. EU Environmental Law: The EU Greenhouse Gas Emissions Trading Scheme. Leuven: Claeys and Casteels
; 2006, 187–212.
8 Hepburn, C, Grubb, M, Neuhoff, K, Matthes, F, Tse, M. Auctioning of EU ETS phase II allowances: how and why? Clim Policy 2006, 6(1
9 Convery, F, Redmond, L. Market and price developments in the European Union emissions trading scheme. Rev Environ Econ Policy 2007, 1(1
10 Ekins, P. %22Carbon taxes and emissions trading: issues and interactions%22. In: Andersen, MS, Ekins, P, eds. Carbon‐Energy Taxation: Lessons from Europe. Oxford: Oxford University Press
11 Damro, C, Luaces‐Méndez, P. Emissions trading at Kyoto: from EU resistance to Union innovation. Environ Politics 2003, 12(2
12 Schreurs, MA, Tiberghien, Y. Multi‐level reinforcement: explaining European Union leadership in climate change mitigation: Glob Environ Polit 2007, 7(4
13 Damro, C, MacKenzie, D. %22The European Union and the politics of multi‐level climate governance%22. In Compston, H, Bailey, I, eds. Turning Down the Heat: The Politics of Climate Policy in Affluent Democracies. Basingstoke: Palgrave Macmillan
; 2008, 65–84.
14 Woerdman, E. Path‐dependent climate policy: the history and future of emissions trading in Europe. Eur Environ 2004, 14(5
15 Bailey, I. Neoliberalism, climate governance and the scalar politics of EU emissions trading. Area 2007, 34(1
16 Cass, L. Norm entrapment and preference change: the evolution of the European Union`s position on international emissions trading. Glob Environ Polit 2005, 5(1
17 European Environment Agency. Greenhouse gas emissions and removals: May 2005 assessment. Available at: http://dataservice.eea.europa.eu.atlas/viewdata/viewpub.asp?id=1448
. (Accessed March 4, 2009).
18 Wettestad, J. The making of the 2003 EU emissions trading directive: an ultra‐quick process due to entrepreneurial proficiency? Glob Environ Polit 2005, 5(1
19 Christiansen, AC, Wettestad, J. The EU as a frontrunner on greenhouse gas emissions trading: how did it happen and will the EU succeed? Clim Policy 2003, 3(1
20 Oberthür, S, Tänzler, D. %22Climate policy in the EU: international regimes and policy diffusion%22. In: Harris, P, ed. Europe and Global Climate Change. Cheltenham: Edward Elgar
; 2007, 255–278.
21 Grubb, M, Azar, C, Persson, U. Allowance allocation in the European emissions trading system: a commentary. Clim Policy 2005, 5(1
22 Ehrhart, K‐M, Hoppe, C, Schleich, J, Seifert, S. The role of auctions and forward markets in the EU ETS: counterbalancing the cost‐inefficiencies of combining generous allocation with a ban on banking. Clim Policy 2005, 5(1
23 Betz, R, Rogge, K, Schleich, J. EU emissions trading: an early analysis of national allocation plans for 2008–2012. Clim Policy 2006, 6(1
24 Neuhoff, K, Ferrario, F, Grubb, M, Gabel, E, Keats, K. Emissions projections 2008–2012 versus national allocation plans II. Clim Policy 2006, 6(1
25 Europa. Emissions trading: commission adopts amendment decision on the Slovak national allocation plan for 2008 to 2012, 2007. Available at: http://europa.eu/rapid/pressReleasesAction.do?reference=IP/07/1869
. (Accessed March 4, 2009).
26 European Commission. Building a Global Carbon Market – Report Pursuant to Article 30 of Directive 2003/87/EC, COM(2006)676 Final. Brussels: European Commission
27 Egenhofer, C, Fujiwara, N, ÅAhman, M, Zetterberg, L. The EU emissions trading scheme: taking stock and looking ahead. Brussels: Centre for European Policy Studies
28 European Commission/McKinsey and Company/Ecofys. Review of EU Emissions Trading Scheme: Survey Results. Brussels: European Commission
29 European Commission. Proposal for a decision of the European Parliament and of the Council on the effort of Member States to reduce their greenhouse gas emissions to meet the Community`s greenhouse gas emission reduction commitments up to 2020
Brussels: European Commission, COM(2008) 17 final, Brussels: European Commission; 2008.
30 Carbon Trust. EU ETS Phase II allocation: implications and lessons. London: Carbon Trust
31 Point Carbon. Almost All Industry Could Receive Free ETS Allocation. Carbon Market Europe, 1 May 2009, 1.
32 Council of the European Union. Council adopts climate‐energy legislative package. Available at: http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/misc/107136.pdf
. (Accessed May 22, 2009).
33 Voβ, J‐P. Innovation processes in governance: the development of ‘emissions trading’ as a new policy instrument. Sci Public Policy 2007, 34(5
34 Martinez, K, Neuhoff, K. Allocation of carbon emission certificates in the power sector: how generators profit from grandfathered rights. Clim Policy 2005, 5(1
35 Sijm, J. The interaction between the EU emissions trading scheme and national energy policies. Energy Policy 2005, 5(1
36 Reinaud, J. CO2 Allowance and Electricity Price Interaction
. Paris: International Energy Agency
37 Boyd, E. Governing the Clean Development Mechanism: global rhetoric versus local realities in carbon sequestration projects. Environ Plan A 2009, 41 (in press).
38 Bumpus, A, Liverman, D. Accumulation by decarbonisation and the governance of carbon offsets. Econ Geogr 2008, 84(2
39 Bailey, I, Maresh, S. Scales and networks of neoliberal climate governance: the regulatory and territorial logics of European Union emissions trading. Trans Inst Br Geogr 2009. DOI: 10.1111/j.1475‐5661.2009.00355.x.
40 Grubb, M, Ferrario, F. False confidences: forecasting errors and emission caps in CO2 trading systems. Clim Policy 2006, 9(4
41 Kanen, J. Carbon Trading and Pricing. London: Environmental Finance
42 Ekins, P, Etheridge, B. The environmental and economic impacts of the UK climate change agreements. Energy Policy 2006, 34(15
43 McKinsey and Company. EU ETS Review: Report on International Competitiveness. London: McKinsey and Company
44 Stern, N. The economics of climate change. Am Econ Rev Pap Proc 2008, 98(2
45 Schleich, J, Betz, R. EU emissions trading and transaction costs for small and medium sized companies. Intereconomics 2004, 39(3
46 Bataller, M, Pardo, A, Valor, E. CO2
prices, energy and weather. Energy J 2007, 28(3
47 Bailey, I, Ditty, C. Energy markets, capital inertia and economic instrument impacts. Clim Policy 2009, 9(1
48 EurActiv. Low carbon prices give EU jitters. Available at: http://www.euractiv.com/en/climate‐change/low‐carbon‐prices‐give‐eu‐jitters/article‐179884
. (Accessed March 4, 2009).
49 Mathy, S, Hourcade, J‐C, de Gouvello, C. Clean development mechanism: leverage for development? Clim Policy 2001, 1: 251–268.
50 Richards, M. Poverty Reduction, Equity and Climate Change: Global Governance Synergies or Contradictions? London: Overseas Development Institute