Corporate Policy Preferences in the EU and the US - Emissions Trading as the Climate Compromise?

Carbon and Climate Law Review, Vol. 2, pp. 171-180, 2008

Posted: 3 Nov 2008

See all articles by Jonas Meckling

Jonas Meckling

University of California, Berkeley

Date Written: October 26, 2008

Abstract

Since the agreement of the Kyoto Protocol, business in the EU and the US has been split over the course of climate policy. Companies in Europe largely accepted mandatory emission controls. Companies in the US, instead, promoted voluntary commitments. However, in early 2007 the CEOs of major US corporations and the heads of a number of leading environmental groups called for the creation of a domestic cap-and-trade scheme. The launch of the US Climate Action Partnership has been widely perceived as a sea change in the positioning of corporate America on climate change. This article reviews the regulatory preferences of major business associations on both sides of the Atlantic. This serves to assess whether the transatlantic gap on corporate positioning on climate change is actually narrowing and what the compromise solution might be.

Keywords: climate change politics, emissions trading, business, EU, US

Suggested Citation

Meckling, Jonas, Corporate Policy Preferences in the EU and the US - Emissions Trading as the Climate Compromise? (October 26, 2008). Carbon and Climate Law Review, Vol. 2, pp. 171-180, 2008, Available at SSRN: https://ssrn.com/abstract=1290348

Jonas Meckling (Contact Author)

University of California, Berkeley ( email )

310 Barrows Hall
Berkeley, CA 94720
United States

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