This report brings together researchers from five of Europe’s leading policy research institutes to examine the dilemmas facing European climate change policy; it argues that a fresh approach, incorporating a system of tradeable emissions permits, can enable the EU to break out of its current impasse, and start moving in the right direction.
This is a second edition of the report first issued in 1994 and updates the scientific and political backgrounds, summarizes EU member states’ current positions, and develops arguments for tradeable permits schemes following a major RIIA conference in December 1996.