The Uk Emissions Trading Scheme

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The UK Emissions Trading Scheme

Great Britain. Parliament. House of Commons. Committee of Public Accounts
The UK Emissions Trading Scheme Book PDF

Author : Great Britain. Parliament. House of Commons. Committee of Public Accounts
Publisher : The Stationery Office
Page : 36 pages
File Size : 50,6 Mb
Release : 2004
Category : Science
ISBN : 0215020154

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The UK Emissions Trading Scheme by Great Britain. Parliament. House of Commons. Committee of Public Accounts Pdf

The Scheme is one of the Government's policy measures designed to help meet its commitments under the 1997 Kyoto Protocol to secure significant reductions in UK greenhouse gas emissions, in order to address the causes of global warming. Under the Scheme, companies are issued with allowances equal to their target emissions for the year, and at the end of the year must hold enough allowances to cover its actual emissions. A company can choose to reduce its actual emissions below its target (enabling it to sell excess allowances to other companies, or to save them for use in future years), to meet its target, or to buy extra allowances to cover any emissions in excess of its target amount. Following on from a National Audit Office report on this topic (HCP 517, session 2003-04; ISBN 0102927804) published in April 2004, the Committee's report examines the risk management procedures associated with the Scheme, the way baselines for greenhouse emissions were set, the effectiveness of the auction and the market, and the wider benefits to the UK economy.

The UK emissions trading scheme

Great Britain. National Audit Office
The UK emissions trading scheme Book PDF

Author : Great Britain. National Audit Office
Publisher : Unknown
Page : 46 pages
File Size : 53,7 Mb
Release : 2004
Category : Climatic changes
ISBN : 0102927804

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The UK emissions trading scheme by Great Britain. National Audit Office Pdf

The Scheme is part of the Government's climate change programme, which is designed to secure significant reductions in UK greenhouse gas emissions, believed to cause global warming. Under the Scheme, companies are issued with allowances equal to their target emissions for the year, and at the end of the year must hold enough allowances to cover its actual emissions. A company can choose to reduce its actual emissions below its target (enabling it to sell excess allowances to other companies, or to save them for use in future years), to meet its target, or to buy extra allowances to cover any emissions in excess of its target amount. This NAO report examines the Scheme's origins, impact and wider benefits, based upon consultation with participating companies and other stakeholders, case studies involving four of the biggest companies involved, and advice of an expert panel and assistance from specialist consultants. Overall, the report concludes that the Scheme is a pioneering initiative that has encouraged participants to identify emissions reductions, and has potential to benefit the UK economy. However, the fact that the Scheme is a voluntary one has led to difficulties in attracting participants and setting demanding targets. A number of recommendations are made to improve the existing UK Scheme and to help develop European trading schemes, including raising the value obtained from incentive payments and ensuring lessons are learned from the experience of the Scheme in any further developments or in the design of new environmental trading schemes.

Climate Change Law

Jonathan Robinson
Climate Change Law Book PDF

Author : Jonathan Robinson
Publisher : Cameron May
Page : 928 pages
File Size : 47,8 Mb
Release : 2007
Category : Climatic changes
ISBN : 9781905017355

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Climate Change Law by Jonathan Robinson Pdf

This book is the first comprehensive analysis of the regulatory framework for carbon trading in Europe. It brings together in one volume the first full legal analysis of EU and UK law relating to the EU emissions trading scheme, and all the legislative materials necessary to understand this innovative and complex area of environmental law. It is an essential companion for any professional advising on carbon trading in the UK or EU and a user-friendly reference tool for lawyers, carbon traders, and those working in regulated industries and financial institutions with an interest in carbon finance. It also provides an invaluable set of materials and lessons learned for policy makers and industry in jurisdictions where carbon trading are under development and for those with an interest in the use of market-based mechanisms to address other environmental problems.

Emissions Trading Design

Stefan E. Weishaar
Emissions Trading Design Book PDF

Author : Stefan E. Weishaar
Publisher : Edward Elgar Publishing
Page : 269 pages
File Size : 46,9 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

The Revision of the EU's Emission Trading System

U K Stationery Office
The Revision of the EU s Emission Trading System Book PDF

Author : U K Stationery Office
Publisher : The Stationery Office
Page : 254 pages
File Size : 54,9 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.

EU Emissions Trading

Jon Birger Skjærseth,Jørgen Wettestad
EU Emissions Trading Book PDF

Author : Jon Birger Skjærseth,Jørgen Wettestad
Publisher : Routledge
Page : 230 pages
File Size : 55,8 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.

The EU Emissions Trading Scheme

Sonja Butzengeiger
The EU Emissions Trading Scheme Book PDF

Author : Sonja Butzengeiger
Publisher : Routledge
Page : 163 pages
File Size : 44,6 Mb
Release : 2018-12-07
Category : Political Science
ISBN : 9781134034819

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The EU Emissions Trading Scheme by Sonja Butzengeiger Pdf

This special issue of the Climate Policy journal outlines the fundamentals of the new European Emissions Trading Scheme (EU ETS), assesses the strategies for and impact of implementation and highlights the scheme's potential, including positive aspects and remaining hurdles. The EU Emission Trading Scheme (EU ETS) is the first international trading scheme for CO2 in the world. Its aim is to reduce the cost of compliance to existing targets under the Kyoto Protocol. From 1st January 2005, companies in high-energy sectors covered by the scheme must limit their CO2 emissions to allocated levels, arranged in two periods: from 2005-2007 and 2008-2012 (to match the first Kyoto commitment period). In practice, the scheme is likely to cover over 12,000 installations across the European Union, corresponding to approximately 46% of the total EU CO2 emissions. The EU ETS represents a significant development in working at an international level to combat dangerous climate change. The EU Emissions Trading Scheme presents a comprehensive and insightful analysis of the EU ETS, written by international experts in the field. The publication includes the latest research on emissions credits, the interaction of the trading scheme with national energy policies and the debate on future expansion.

Research Handbook on Emissions Trading

Stefan E. Weishaar
Research Handbook on Emissions Trading Book PDF

Author : Stefan E. Weishaar
Publisher : Edward Elgar Publishing
Page : 392 pages
File Size : 46,8 Mb
Release : 2016-12-30
Category : Law
ISBN : 9781784710620

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Research Handbook on Emissions Trading by Stefan E. Weishaar Pdf

Research Handbook on Emissions Trading examines the origins, implementation challenges and international dimensions of emissions trading. It pursues an interdisciplinary approach drawing on law, economics and at times, political science, to present relevant research strands regarding emissions trading. Intermixing theoretical insights with experiences from existing trading systems, this Handbook offers insights that can be applied around the world. It identifies key bodies of research for both upcoming and seasoned people in the field and highlights future research opportunities.

Emissions Trading and Business

Ralf Antes,Bernd Hansjürgens,Peter Letmathe
Emissions Trading and Business Book PDF

Author : Ralf Antes,Bernd Hansjürgens,Peter Letmathe
Publisher : Springer Science & Business Media
Page : 400 pages
File Size : 43,7 Mb
Release : 2006-11-22
Category : Business & Economics
ISBN : 9783790817485

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

Emissions trading (ET) challenges business managers in an entirely new manner, changing the criteria by which environmental policy steers management decisions from hierarchical to monetary. The 24 contributions to this volume discuss ET theoretically and empirically in these broad topic areas: 1) Institutional design, decision making and innovation; 2) Investment and management strategies; 3) ET and business administration and 4) Effects of existing and emerging ET schemes.

National Allocation Plans in the EU Emissions Trading Scheme

Michael Grubb,Regina Betz,Karsten Neuhoff
National Allocation Plans in the EU Emissions Trading Scheme Book PDF

Author : Michael Grubb,Regina Betz,Karsten Neuhoff
Publisher : Earthscan
Page : 160 pages
File Size : 43,9 Mb
Release : 2010-09-23
Category : Business & Economics
ISBN : 9781849775946

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National Allocation Plans in the EU Emissions Trading Scheme by Michael Grubb,Regina Betz,Karsten Neuhoff Pdf

The EU emissions trading scheme is the largest emissions control scheme in the world, capping almost half of European CO2 emissions. As the scheme emerges from its pilot phase, this special issue of Climate Policy journal analyses the lessons learned from the last two years and their implications for phase II.The volume presents some of the key analyses that helped inform the European Commission's decisions on national allocation plans, with research ranging from detailed country-by-country comparisons to more generic analysis that puts forward the case for harmonization. Challenging calls to seperate electricity from other sectors, a macroeconomic study suggests that the biggest efficiency gains come from inter-sectoral trading, even more than international trading. Empirical papers, which look at the expected scarcity of allowances in the market and merge models for the power and non-power sectors to project emissions and contrast these to the aggregate allocation volume, are complemented by two numerical simulations of trade and distributional effects, estimating the efficiency gains of the EU ETS in phase I and assessing allocation and distribution effects in the RGGI context.

The Greenhouse Gas Emissions Trading Scheme Order 2020

Great Britain
The Greenhouse Gas Emissions Trading Scheme Order 2020 Book PDF

Author : Great Britain
Publisher : Unknown
Page : 92 pages
File Size : 53,5 Mb
Release : 2020-11-13
Category : Electronic
ISBN : 0348215118

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The Greenhouse Gas Emissions Trading Scheme Order 2020 by Great Britain Pdf

Enabling power: Climate Change Act 2008, ss. 44, 46 (3), 54, 90 (3), sch. 2, sch. 3, para. 9. Issued: 13.11.2020. Sifted: -. Made: 11.11.2020. Laid: -. Coming into force: In accord. with art. 2. Effect: None. Territorial extent & classification: E/W/S/NI. General. Supersedes draft (ISBN 9780348209761), issued 15.07.2020. EC note: This Order establishes a new emissions trading scheme covering greenhouse gas emissions from power and heat generation, energy intensive industries and aviation. The scheme will be called the UK Emissions Trading Scheme or UK ETS. It is the successor, in the UK, to the EU Emissions Trading System (established by Directive 2003/87/EC). Commission Regulation (EU) 2018/2066 modified; and Commission Implementing Regulation (EU)2018/2067 on the verification of data and on the accreditation of verifiers pursuant to Directive 2003/87/EC of the European Parliament and of the Council amended

Emissions Trading

Ralf Antes,Bernd Hansjürgens,Peter Letmathe
Emissions Trading Book PDF

Author : Ralf Antes,Bernd Hansjürgens,Peter Letmathe
Publisher : Springer Science & Business Media
Page : 281 pages
File Size : 55,6 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.

Greenhouse Gas Emissions Trading and Project-based Mechanisms

OECD
Greenhouse Gas Emissions Trading and Project based Mechanisms Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 224 pages
File Size : 47,5 Mb
Release : 2004-01-19
Category : Electronic
ISBN : 9789264105775

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Greenhouse Gas Emissions Trading and Project-based Mechanisms by OECD Pdf

This book presents a selection of papers from an international workshop co-sponsored by the OECD and Concerted Action on Tradeable Emissions Permits (CATEP), to discuss key research and policy issues relating to the design and implementation of these instruments.

Climate Change and the EU Emissions Trading Scheme (ETS)

Larry Parker
Climate Change and the EU Emissions Trading Scheme ETS Book PDF

Author : Larry Parker
Publisher : DIANE Publishing
Page : 22 pages
File Size : 43,7 Mb
Release : 2011
Category : Science
ISBN : 9781437929355

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Climate Change and the EU Emissions Trading Scheme (ETS) by Larry Parker Pdf

This is a print on demand edition of a hard to find publication. The European Union¿s (EU) ETS is a cornerstone of the EU¿s efforts to meet its obligation under the Kyoto Protocol. It covers more than 10,000 energy intensive facilities across the 27 EU Member countries. A ¿Phase 1¿ trading period began 1/1/05. A second, Phase 2, trading period began in 2008. A Phase 3 will begin in 2013 designed to reduce emissions by 21% from 2005 levels. Contents of this report: (1) Overview; (2) Results from Phase 1 and 2; (3) Phase 3: Auctions; New Entrant Reserves; Decision on Eligible Industries; Flexibility Mechanisms and Price Volatility Control; Expanding Coverage; (4) U.S. Cap-and-Trade Proposals: Emission Inventories and Target Setting; Coverage; Allocation Schemes; Flexibility and Price Volatility. Illustrations.

Rescuing EU Emissions Trading

Jørgen Wettestad,Torbjørg Jevnaker
Rescuing EU Emissions Trading Book PDF

Author : Jørgen Wettestad,Torbjørg Jevnaker
Publisher : Springer
Page : 119 pages
File Size : 40,5 Mb
Release : 2016-05-25
Category : Political Science
ISBN : 9781137566744

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Rescuing EU Emissions Trading by Jørgen Wettestad,Torbjørg Jevnaker Pdf

This book draws upon a meticulous study of background documents and a string of fresh interviews to tell the fascinating story of how the EU’s climate flagship was significantly improved. The EU’s emissions trading system (ETS) covers almost half of its greenhouse gas emissions and has been hailed as the cornerstone and flagship of EU climate policy. But in spring 2013 the ETS was in severe crisis, with a huge surplus of allowances and a sagging carbon price. Even a formally simple measure to change the timing of auctioning was initially rejected by the European Parliament. Two years later a much more important ‘market thermostat’ was adopted (i.e. the Market Stability Reserve) and proposals for a complete ETS overhaul were put on the table. This book examines and explains how it was possible to turn the flagship around so quickly. Crucial changes at EU and national levels are identified, chief among them in Germany and the European Parliament.