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Book Reviews and New Publications

Harro van Asselt


Lessons and Implications for Phase II, edited by Michael Grubb, Regina Betz and Karsten Neuhoff. London: Earthscan, 2007. 160 pp., GBP 65.00, hardback. Giving Away Allowances Admirers of emissions trading often portray it as “automatically” reducing emissions. This collection of articles from the journal Climate Policy shows that trading schemes sometimes fail, for the same reason that traditional regulation sometimes fails – regulators fail to demand sufficient emission reductions to make adequate progress. For emissions trading, li


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