Download or read book Lessons Learned from Linking Emissions Trading Systems written by and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book HC 739 Linking Emissions Trading Systems written by Great Britain. Parliament. House of Commons. Energy and Climate Change Committee and published by The Stationery Office. This book was released on 2015 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Emissions Trading Schemes and Their Linking written by Asian Development Bank and published by Asian Development Bank. This book was released on 2016-04-01 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Linking the European Union Emissions Trading System written by Charlotte Unger and published by Routledge. This book was released on 2021-01-25 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Lessons Learned from the New Zealand Emissions Trading Scheme written by Catherine Leining and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Climate Change and European Emissions Trading written by Michael G. Faure and published by Edward Elgar Publishing. This book was released on 2008 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Linking Emissions Trading Systems with Different Levels of Environmental Ambition written by and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: As a cornerstone of its urban mobility policy, the European Commission has strongly encouraged European towns and cities of all sizes to embrace the concept of Sustainable Urban Mobility Plans (SUMPs). By improving accessibility to, through and within urban areas and promoting the shift towards more sustainable modes of transport, SUMPs hold the potential to improve the overall quality of life for residents by addressing issues of congestion, air- and noise-pollution, climate change, road accidents, unsightly on-street parking and the integration of new mobility services. Despite the increasing recognition of the wide range of benefits linked to this strategic urban mobility planning approach, the implementation of SUMPs has been voluntary and remains limited to a small proportion of European cities. This can be attributed to the lack of financial, technical and political support as well as quality control for SUMPs from national and regional levels in the Member States where devolution gives regions more competences. Furthermore, where plans have been developed these have often failed to fulfil minimum quality standards due to a lack of uniform understanding of the SUMP concept. A number of measures have been considered by Member States to improve SUMPs' enforcement, such as for instance preconditioning the provision of operational subsidies or grants on an approved SUMP and trained mobility department. In order to overcome existing barriers and accelerate the uptake of high-quality SUMPs Europe-wide, the European Commission is now exploring the idea of developing a common EU-framework for sustainable urban mobility indicators (SUMI), which, in turn, formed the focus of discussions at our 7th Florence Intermodal Forum. More specifically, the forum brought together key stakeholders for a discussion on the definition and appropriate indicator parameters; data collection techniques and data standardisation, as well as more generally the question of enhancing the enforcement of SUMPs. Last but not least, the forum drew on the lessons learnt from the COVID-19 pandemic in relation to urban mobility in as far as SUMI are concerned.
Download or read book The Evolution of Carbon Markets written by Jørgen Wettestad and published by Routledge. This book was released on 2017-12-14 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Carbon markets are developing and expanding around the world, but how and to what extent is their design shaped by learning and interaction between them? How do these markets function and what is the role of design? Carrying out a ground-breaking analysis of their design and diffusion, this book covers all the major carbon market systems and processes around the world: the EU, RGGI, California, Tokyo, New Zealand, Australia, China, South Korea and Kazakhstan. It offers a systematic, in-depth discussion and comparison of the key design features in these systems with expert contributors exploring how, and to what extent, these features have been shaped by central policy diffusion mechanisms and domestic politics. By focussing on the specific design features of the instruments used, this volume makes important contributions to diffusion theory, highlighting how ETS diffusion processes more often have resulted in design divergence than convergence, and discussing the implications of this finding for the vision of linked systems in the post-Paris era. It will be of significant interest to a broad audience interested in the emergence, evolution, functioning and interaction of carbon markets.
Download or read book Linking Emissions Trading Schemes written by Andreas Tuerk and published by Earthscan. This book was released on 2009 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Download or read book The Korea Emissions Trading Scheme written by Asian Development Bank and published by Asian Development Bank. This book was released on 2018-11-01 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication presents a factual overview of the design and implementation of the Korea Emissions Trading Scheme, focusing on lessons from its implementation and opportunities under the Paris Agreement. It provides information to assist other countries that are designing or considering an emissions trading system. The contents are relevant as Asia and the Pacific embraces the need for climate action to deliver on its Paris Agreement commitments and many countries explore new emissions trading systems.
Download or read book Linking of Emissions Trading Schemes written by Matthias Machinek and published by Springer Nature. This book was released on 2022-02-01 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. .
Download or read book Linking Emissions Trading Systems written by Fitsum Gebremichael Tiche and published by . This book was released on 2017 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Carbon Markets Under the Kyoto Protocol written by Weltbank and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This working paper commissioned by the World Bank Carbon Markets and Innovation Practice (GCCMI) critically examines experience with carbon markets under the Kyoto protocol. The de facto end of the Kyoto Protocol and heralding of the Paris Agreement era has created the space for critical evaluation of trading carbon assets. The Kyoto Protocol and Paris Agreement diverge markedly in scope, centralization, and logic. As a result, the Article 6 carbon market mechanisms that emerge under Paris are likely to be very different to those that emerged under Kyoto. Nonetheless, experience with carbon markets under the Kyoto Protocol remains informative. This paper argues that there is still an economic and political rationale for trading carbon assets across borders. Trade in carbon assets can help reduce the costs of mitigation and facilitate emissions abatement at least-cost locations. When designed well, carbon market mechanisms can also facilitate learning, mobilize the private sector, and encourage transparency of mitigation efforts. Crucially, carbon markets could help support the operating logic of the Paris Agreement by binding signatories together and enhancing collective ambition. However, done badly, linking emissions systems could entail some risks to environmental integrity. In addition, given continued delays to the clarification of Article 6 and the need for strong action now, countries should not wait to implement effective domestic mitigation instruments such as carbon.
Download or read book EU Emissions written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 2007 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Linking Emissions Trading Systems with Different Offset Provisions written by and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the context of the LIFE DICET project, the second session of the second Carbon Market Policy Dialogue (CMPD) on "Environmental integrity: use of offsets: implications for linking" took place on 9 July 2021. The CMPD sees the participation of the regulators of six major emissions trading systems (ETSs), namely those of the EU, California, China, Québec, New Zealand and Switzerland, and a number of international stakeholders, including policymakers, researchers as well as representatives of industry and civil society. In view of the meeting, a background report (Galdi et al., 2022) was produced. This policy brief offers an abridged version of the report and, in addition, it provides a selection of insights from the policy dialogue. Most emissions trading systems around the world are experiencing a positive momentum: allowance prices are on the rise and carbon markets are attracting participation from financial operators. While high allowance prices are generally the sign of a stringent and, therefore, working ETS, very high prices pose at least two types of problems: one is the risk of crumbling political support for the ETS; the other concerns the possibility that, outside the ETS (whether in the same jurisdiction or not), much cheaper emissions abatement options are unexploited. In theory, the use of emission offsets, i.e. the use of emission credits for offsetting emissions, offers a solution to the second issue, as it allows for emissions abatement within the ETS to be replaced by cheaper abatement outside. In this sense, the use of offsets offers efficiency gains that are similar to those achievable by linking ETSs with different abatement costs. Moreover, as cheaper abatement opportunities tend to be concentrated in less developed economies, emission offsets provide a platform for international cooperation that involves those. In practice, however, the experience with emission offsetting has so far been mixed or even controversial.
Download or read book U S Emissions Trading and What It Can Teach Us for a Post Kyoto World written by Fabian Krause and published by . This book was released on 2021-10-26 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Major CO2 emitters such as individual states of the USA, the People's Republic of China and the European Union continue to rely on emissions trading systems to reduce CO2 emissions. Against this background, this thesis examines four emissions trading systems in the USA. For this purpose, the legal and economic fundamentals of emissions trading are presented in detail. Subsequently, emissions trading systems are analyzed from an economic as well as a legal point of view based on criteria defined for this purpose and the results are embedded in the context of national and international law. For this purpose, the author conducts extensive basic research by processing the available emissions and trade data.
Download or read book Emissions Trading Design written by Stefan E. Weishaar and published by Edward Elgar Publishing. This book was released on 2014-02-28 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
