The Allocation of Regulatory Competence in the EU Emissions Trading Scheme

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The book explores the EU ETS as a multi-level governance regime, examining the distinct roles of norm setting, implementation, and enforcement within carbon trading. It questions whether these roles should be centralized under one regulator or distributed among various regulators at different government levels. Through a comprehensive legal, economic, and political analysis, it highlights discrepancies between the current allocation of competences and an ideal framework, offering insights into the political economy that shapes these regulatory structures in the European context.