Ed. Francesco Gullì. ------------------------------------------------------------------------ ------------------------------------------------------------------------ ------------------------------------------------------------------------ Why do power prices seem to be correlated with the carbon price in some markets and not in others? This crucial question is at the centre of Francesco GullA's enlightening book, through which the contributing authors explore a number of related issues. These include why power firms pass-through into power prices in some cases more and in others less than the carbon opportunity cost and what the relationship is between the pass-through and the structure of the power market. This informative study brings together and interprets original contributions by leading experts from every EU country.Beginning with an overview of the European Union Emissions Trading System (EU ETS) along with an in- depth analysis of the early results and the theoretical issues involved, this book then goes onto explore the main European power markets via a number of empirical case studies. Overall, this volume offers a genuinely comprehensive analysis on the relationship between carbon and power markets and, as such, will prove a valuable contribution to the debate on the EU ETS and to the literature on the interaction between environmental policy and the structure of environmentally regulated markets. "Markets for Carbon and Power Pricing in Europe" will be of great interest to researchers and academics within general economics, environmental and energy economics. It will also be warmly welcomed by policymakers, regulators and power sector operators.