Given the rapid spread of ETSs in an increasing number of countries and the important role that
they are likely to play for the success or failure of the environmental policy in the years to
come this book provides an interdisciplinary analysis of the EU ETS from both the legal and
economic perspectives comparing it with the other main ETSs existing worldwide in order to
assess whether the EU ETS has truly represented a prototype for the other ETSs established
around the world and to investigate the current perspectives for linking them in the
future.Through the years the EU ETS has progressively gained a paramount position within the
EU environmental policy and climate change legislation and currently represents the most
striking flagship in this sector with more than 11.000 installations covered by the scheme. In
parallel the EU ETS has paved the way for the establishment of many other ETSs in several
other jurisdictions. Such schemes are now recognized worldwide as the cornerstones of the
climate change policy.
