Emissions Trading Schemes And Their Linking

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 114 pages
File Size : 50,8 Mb
Release : 2016-04-01
Category : Technology & Engineering
ISBN : 9789292573737

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Emissions Trading Schemes and Their Linking by Asian Development Bank Pdf

Asia and the Pacific has achieved rapid economic expansion in the recent years and has become a major source of greenhouse gas (GHG) emissions. With more than half of the world’s population and high rates of economic growth, the region is especially vulnerable to the effects of climate change and therefore must play its part in cutting GHG emissions. The Paris Agreement adopted last December 2015 at the United Nations Framework Convention on Climate Change COP21 aims to restrict global warming to well below 2°C above preindustrial levels and to pursue efforts to reach 1.5°C---which is especially relevant to Asia and the Pacific region given its vulnerability. This knowledge product highlights how robust policies on emissions trading systems (ETS) can be important tools in reducing GHG emissions in a cost-effective manner, as well as supporting the mobilization of finance together with deployment of innovative technologies. There are currently 17 ETSs in place in four continents and account for nearly 40% of global gross domestic product. In Asia and the Pacific region, there are 11 systems operating, with more being planned. The growing wealth of experience on ETSs can be valuable to support DMCs that are planning and designing new systems of their own. This knowledge product summarizes some of the most significant learning experiences to date and discusses some of the solutions to alleviate challenges that have been faced. It also examines the possibilities for future linked carbon markets in the region.

Author : Andreas Tuerk
Publisher : Earthscan
Page : 97 pages
File Size : 50,5 Mb
Release : 2009
Category : Business & Economics
ISBN : 9781849770118

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Linking Emissions Trading Schemes by Andreas Tuerk Pdf

A growing number of GHG emissions trading schemes are being implemented at regional or national levels. However, even as the number of different schemes grows, few linkages exist between them. Major cap-and-trade proposals are currently at important stages in their development, especially in the United States, Japan and Australia, some of which explicitly emphasize the aim of linking with other schemes. One of the strategic goals of European climate policy is linking the EU ETS with other comparable schemes. The research presented in this volume is on actual economic, political and institutional constraints and implications. It examines the role of linking trading schemes for the development of the post-Kyoto climate architecture and for increasing linkage between schemes. This essential research will be relevant to both the scientific community and for policymakers who are involved in the design of emerging trading schemes and offset mechanisms, as well as in designing the post Kyoto climate regime.This volume focuses specifically on: o Economic, institutional/regulatory and legal dimensions of linkingo Implications of linking on the design of emerging trading schemeso The role of linking trading schemes for the development of the post-Kyoto climate regim

Author : Great Britain. Parliament. House of Commons. Energy and Climate Change Committee
Publisher : The Stationery Office
Page : 48 pages
File Size : 40,8 Mb
Release : 2015-02-17
Category : Carbon offsetting
ISBN : 9780215081544

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HC 739 - Linking Emissions Trading Systems by Great Britain. Parliament. House of Commons. Energy and Climate Change Committee Pdf

Carbon pricing is a necessary element in spurring climate change mitigation action. In this report it's argued that emissions trading, as an established and well recognised policy instrument for controlling greenhouse gas emissions, is increasingly popular and spreading around the world. As they develop, emissions trading systems should be designed so that they are compatible with each other. Aligning design elements early on will help improve the prospects of linking different systems in future and, therefore, maximise opportunities for cost-effective emissions reductions. As the world's oldest and largest market, the EU Emission Trading System will play a critical role in facilitating linking between different markets. Before it can do this, however, it must be seen as a credible market. The issue of surplus allowances must be addressed urgently and there should be moves to remove these from the system as soon as possible. Any new climate agreement must crucially allow parties to meet their Intended Nationally Determined Contribution's (INDCs) by transferring parts of their contributions to other parties and financing emissions reduction activities in other countries. The use of carbon markets will greatly improve the prospects of keeping global average temperatures below 2êC. Any agreement reached at the UNFCCC COP 21 in Paris at the end of 2015 should promote the use of carbon markets and facilitate the future linking of emissions trading systems. The UNFCCC could also play a critical role in providing basic standards including monitoring, reporting and verification.

Author : Matthias Machinek
Publisher : Springer Nature
Page : 192 pages
File Size : 55,5 Mb
Release : 2022-02-01
Category : Political Science
ISBN : 9783658366674

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Linking of Emissions Trading Schemes by Matthias Machinek Pdf

Anthropogenic Climate Change is one of the biggest challenges of the 21st century and receives more and more international awareness. The central instruments to counter climate change are emissions trading schemes (ETS) to cover GHG emissions. To increase efficiency and to ensure global reduction of emissions damaging to the climate, an international emissions trading scheme would be a rational choice. To establish such a global scheme, political decision makers could follow a bottom-up-approach by linking already existing ETS with each other. The book investigates such linkings of emissions trading schemes, which provide many benefits for the linking partners. As experience shows, although the number of schemes increased in the last decade, only a few linkings were established. Thus, the book answers the question, if and which conditions for states exist to link their emissions trading schemes. .

Author : Gudrun Senk
Publisher : GRIN Verlag
Page : 113 pages
File Size : 52,8 Mb
Release : 2010-02
Category : Energy consumption
ISBN : 9783640531226

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Linking Certificate Trading Schemes for Greenhouse Gas Emissions, Renewable Energy and Energy Efficiency by Gudrun Senk Pdf

Diploma Thesis from the year 2008 in the subject Environmental Sciences, grade: 1, University of Applied Sciences Burgenland (Nachhaltige Energiesysteme), language: English, abstract: Climate Change is real, and the impacts on ecology, economy and human lifestyle are expected to be tremendous. In order to effectively but also cost efficiently combat climate change, market based instruments are being used in environmental policy. Certificate schemes have been and are being created for trading of greenhouse gas reductions (Grey Certificates), renewable energy (Green Certificates) and energy efficiency (White Certificates). So far, Europe is the frontrunner in implementing especially Greenhouse Gas emission trading schemes. However, as climate change is a global problem, similar markets should be established all over the world and ideally be linked in order to achieve economic optimal solutions. This thesis describes characteristics of the different instruments and trading schemes (Grey, Green and White Certificates) and identifies major design parameters of the systems with the focus on compatibility and potential for establishing links between schemes of the same type or among the certificate types. Implications of establishing links, which can be planned and wanted but also conflicting with other goals, are discussed. As greenhouse gas emissions trading schemes are the most developed and experienced trading schemes in climate change policy, the focus of this work lies on the analysis of the different Greenhouse Gas emission trading schemes (ETS). For the compatibility analysis of ETS, the EU ETS is chosen as reference system. An outlook for near-term linking options and a summary conclude the analysis based on the findings of the work. As more and more environmental policies and instruments emerge around the world due to rising awareness for the problem of climate change, this thesis gives an overview but can not cover all different certificate systems in place

Author : Charlotte Unger
Publisher : Routledge
Page : 106 pages
File Size : 55,7 Mb
Release : 2021-01-25
Category : Science
ISBN : 9781000372472

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Linking the European Union Emissions Trading System by Charlotte Unger Pdf

This book focuses on the linking of the European Union Emissions Trading System (EU ETS) with other independent regional ETS. While rich practical and academic research has evolved on the economic and technical side of ETS linking, political drivers and barriers have so far been underrepresented in this debate. Filling this lacuna and based on international relations theory, existing research and qualitative fieldwork, this book introduces the range of political conditions that influence linking, such as political leadership and stakeholder activity. Specifically, it analyzes which of these aspects have played a role in three different linking activities of the EU: (1) a failed linking attempt: EU ETS–California Cap-and-Trade Program; (2) a successful linking treaty: EU ETS–Switzerland Emissions Trading System; and (3) an agreed-upon but not realized link: EU ETS–Australia Carbon Pricing Mechanism. Through an interrogation of these examples, Dr. Unger concludes that it is not only the technical challenges or the overall economic benefit but rather domestic interests, structural aspects, and external international political developments that have jointly dominated linking activities, especially those in which the EU takes part. This book will be of great interest to scholars and policy-makers working in climate policy and EU environmental politics.

Author : Stefan E. Weishaar
Publisher : Edward Elgar Publishing
Page : 269 pages
File Size : 48,8 Mb
Release : 2014-02-28
Category : Business & Economics
ISBN : 9781781952221

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Emissions Trading Design by Stefan E. Weishaar Pdf

Emissions trading is becoming an increasingly popular policy instrument with growing diversity in design. This book examines emissions trading design, emissions trading implementation problems and how to address them. In an easily accessible way

Author : U K Stationery Office
Publisher : The Stationery Office
Page : 254 pages
File Size : 48,9 Mb
Release : 2008-12
Category : Business & Economics
ISBN : 0104014083

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The Revision of the EU's Emission Trading System by U K Stationery Office Pdf

Both the UK and the EU have pinned much of their climate change policy on the effective opeation of the EU emissions trading system (ETS). Now in its second year the scheme has yet to demonstate that it can deliver the substantial greenhouse gas emission reductions that will form the yardstick of its success. This report examines the proposed revisions to the ETS, which would take effect in the scheme's third trading period, scheduled to last from 2013 to 2020. It is ultimately felt that if the ETS is to live up to its full potential, the aim must be to link it up with emissions trading schemes in other parts of the world so as to make the most of emission reduction opportunities in additional countries and sectors. However, the establishment of such links could prove arduous. It is anticipated that the EU may eventually face stark trade-offs between maintaining the environmental integrity of the ETS and extending its reach.

Author : Michael G. Faure,Marjan Peeters
Publisher : Edward Elgar Publishing
Page : 425 pages
File Size : 51,9 Mb
Release : 2008
Category : Business & Economics
ISBN : 9781848446038

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Climate Change and European Emissions Trading by Michael G. Faure,Marjan Peeters Pdf

A collection of twelve superbly written contributions by leading researchers and scientists on greenhouse gas emissions trading by members of the European Union, as well as alternatives and new developments in this specialized area of global warming and reduction related commercial exchange. . . a seminal and strongly recommended work of particular relevance and value for both academic and governmental reference library collections on international environmental studies. Midwest Book Review This timely book focuses on the EU-wide greenhouse gas emissions trading scheme for major sources. It combines legal and economic approaches and reviews the major revision of this scheme. A distinguished range of authors assess the experiences thus far and also consider future development from both theoretical and practical perspectives. They also discuss many design options, including auctioning, credit and trade, the inclusion of aviation emissions, and linking possibilities. Moreover, attention is paid to the role of legal principles, the role of case law, and to aspects of democratic accountability within an emissions trading scheme. Ways to avoid carbon leakage and the role of national climate policies are also discussed. This book makes clear that the economic efficiency and effectiveness of an emissions trading scheme depend to a large extent on the specific legislative choices, and hence the legislative design of such a scheme deserves meticulous attention. Discussing legal and economic aspects of emissions trading, this book offers new insights to academics and policy makers both in the public and private sector. Those insights are not only relevant for understanding the past, but moreover for guiding the future design of emissions trading for greenhouse gases.

Author : Jon Birger Skjærseth,Jørgen Wettestad
Publisher : Routledge
Page : 230 pages
File Size : 45,9 Mb
Release : 2016-04-22
Category : Political Science
ISBN : 9781317140351

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EU Emissions Trading by Jon Birger Skjærseth,Jørgen Wettestad Pdf

The EU Emissions Trading Scheme (EU ETS) has been characterized as one of the most far-reaching and radical environmental policies for many years. Given the EU's earlier resistance to this market-based and US-flavoured programme, the development and implementation of the EU ETS has been rapid. This novel approach to environmental regulation has the potential to affect not only greenhouse gas emissions in the EU, but also international strategies for climate change protection. This book investigates the origins, evolution and consequences of the EU ETS and offers significant contributions to the literatures on climate policy and EU policy making.

Author : Elena de Lemos Pinto Aydos
Publisher : Edward Elgar Publishing
Page : 256 pages
File Size : 47,7 Mb
Release : 2017-12-29
Category : Electronic
ISBN : 9781786439413

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Paying the Carbon Price by Elena de Lemos Pinto Aydos Pdf

Paying the Carbon Price analyses the practice of freely allocating permits in Emissions Trading Schemes (ETSs) and demonstrates how many heavy polluters participating in ETSs are not yet paying the full price of carbon. This innovative book provides a framework to assist policymakers in the design of transitional assistance measures that are both legally robust and will support the effectiveness of the ETSs whilst limiting negative impacts on international trade.

Author : Simone Borghesi,Massimiliano Montini,Alessandra Barreca
Publisher : Springer
Page : 110 pages
File Size : 43,8 Mb
Release : 2016-04-16
Category : Science
ISBN : 9783319311869

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The European Emission Trading System and Its Followers by Simone Borghesi,Massimiliano Montini,Alessandra Barreca Pdf

Given the rapid spread of ETSs in an increasing number of countries and the important role that they are likely to play for the success or failure of the environmental policy in the years to come, this book provides an interdisciplinary analysis of the EU ETS from both the legal and economic perspectives comparing it with the other main ETSs existing worldwide, in order to assess whether the EU ETS has truly represented a prototype for the other ETSs established around the world and to investigate the current perspectives for linking them in the future.Through the years, the EU ETS has progressively gained a paramount position within the EU environmental policy and climate change legislation and currently represents the most striking flagship in this sector, with more than 11.000 installations covered by the scheme. In parallel, the EU ETS has paved the way for the establishment of many other ETSs in several other jurisdictions. Such schemes are now recognized worldwide as the “cornerstones” of the climate change policy.

Author : International Energy Agency
Publisher : OECD Publishing
Page : 240 pages
File Size : 51,8 Mb
Release : 2005
Category : Business & Economics
ISBN : STANFORD:36105121958875

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Act Locally, Trade Globally by International Energy Agency Pdf

Climate policy raises a number of challenges for the energy sector, the most significant being the transition from a high to a low-CO2 energy path in a few decades. Emissions trading has become the instrument of choice to help manage the cost of this transition, whether used at international or at domestic level. Act Locally, Trade Globally, offers an overview of existing trading systems, their mechanisms, and looks into the future of the instrument for limiting greenhouse gas emissions.

Author : International Civil Aviation Organization
Publisher : Unknown
Page : 48 pages
File Size : 55,9 Mb
Release : 2011
Category : Aircraft exhaust emissions
ISBN : UIUC:30112100848008

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Scoping Study of Issues Related to Linking "open" Emissions Trading Systems Involving International Aviation by International Civil Aviation Organization Pdf

Author : Ralf Antes,Bernd Hansjürgens,Peter Letmathe
Publisher : Springer Science & Business Media
Page : 281 pages
File Size : 48,6 Mb
Release : 2008-07-01
Category : Business & Economics
ISBN : 9780387736532

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Emissions Trading by Ralf Antes,Bernd Hansjürgens,Peter Letmathe Pdf

Emissions trading challenges the management of companies in an entirely new manner. Most importantly it shifts the mode of governance of environmental policy from hierarchy to market. The contributions in this book discuss the theoretical implications of different institutional designs of emissions trading schemes. They review schemes implemented in the US and Europe, and evaluate the range of investment decisions and corporate strategies resulting from the new policy framework.