The international dimension of the EU emissions trading system: a unilateral regulatory globalisaation approach
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2024-07-03
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nl
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Abstract
The EU Emissions Trading System is the flagship of domestic EU climate policy.
This master’s thesis analyses the international dimension of the EU ETS based on an
extensive and comprehensive literature study. In the context of the EU ETS, as an example of
marketisation, the analysis focuses on the EU’s ability to unilaterally determine global
regulatory norms. The presented findings contribute to the scarce literature on the EU ETS’
international dimension, and provide a comprehensive assessment of the direct applicability
of the process of unilateral regulatory globalisation, which can constitute a so-called ‘Brussels
Effect’. The thesis shows that, to this date, the influence of the EU’s ability to unilaterally set
global norms on the international dimension of the EU ETS remains limited. Yet, it also
suggests that the adoption of the CBAM Regulation will potentially instigate effects of the EU
ETS policy mix outside the EU’s jurisdiction through the process of unilateral regulatory
globalisation.
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Faculteit der Managementwetenschappen