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Carbon Market Implications for new EU Member States : Empirical analysis of the pilot phase of the European carbon trading system/ Dora Fazekas, Climate  Strategies' research manager. LAP Lambert  Academic Publishing of Germany, 2011, ISBN 978-3-8443-8066-8https://www.morebooks.de/store/gb/book/carbon-market-implications-for-new-eu-member-states/isbn/978-3-8443-8066-8The  book provides a theoretically sound and empirically validated  understanding of carbon trading in a New Member State of the EU. The  research contributes to the field of environmental economics by  analyzing data of companies directly subject to the EU Emissions Trading  Scheme (EU ETS) and by drawing conclusions in order to improve the  system for the post-Kyoto phase. This ex-post research is the first  attempt to qualitatively and quantitatively estimate the effects of  emissions trading on a new market economy based on actual market data.  The study provides insights into how political, economic and climate  policy contexts shape responses to the EU ETS. 