Download or read book The Political Economy of Development and Climate Policy prospects and Challenges for an Emission Trading Scheme as Development and Climate Policy Tool written by Andreas Freytag and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic development and climate change constitute two of today's major international policy challenges. While development cooperation has long been on the political agenda, addressing global climate change has gained policymakers' attention more recently. Transfers for financing single projects have been a common practice in the development field. Empirical evidence suggests that the effectiveness has remained disappointing. Consequently, many developing countries face governance problems affecting their ability to master challenges associated with climate change. Current trends in international climate cooperation follow a similar approach. Political efforts may prove insufficient to meet climate objectives if similar deficiencies occur in climate cooperation. Applying a political economy approach, this paper provides a critical assessment of current practices in international development and climate policies highlighting the observed deficiencies in development and potential implications for climate cooperation. Acknowledging the interlinkages and linking development and climate change policies, could increase the effectiveness and efficiency of political efforts. The paper, furthermore, discusses market-based instruments, especially Emission Trading Schemes as policy alternatives as well as the potential merits for circumventing and solving institutional problems experienced in climate cooperation. We discuss the political economic challenges affecting the implementation and operation of (a global) scheme.

Download or read book Within Reach written by Stephane Hallegatte and published by World Bank Publications. This book was released on 2023-01-16 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change presents a unique challenge in that policy makers need to balance the speed and scale required to achieve global objectives within the time required to ensure political acceptability and social sustainability. Within Reach: Navigating the Political Economy of Decarbonization identifies the key political economy barriers and explores the options to address them through four key recommendations: * Climate governance: strategically adapt the institutional architecture and embed climate objectives into a positive development narrative. Strategic governance institutions that reflect societal goals--such as climate change framework laws, longterm strategies, or just transition frameworks--can alter the political economy, set clear objectives, facilitate coordination across actors, and help monitor progress and hold decision-makers accountable. * Policy sequencing: balance short-term feasibility and long-term ambition. Because the political economy and institutional context are dynamic and can be influenced by policies, policy makers can select their priorities, not only to make policy implementation feasible but also to actively build capacity and change the political economy and institutional context, building momentum toward the long-term objective and transformation. * Policy design: focus on people and manage the distributional effects of climate policies. Climate policies have heterogenous impacts across households, sectors, and locations. Active labor policies, reskilling programs, compensations and transfers, place-based policies, and green industrial policies can be used to protect vulnerable populations, facilitate a just transition, and make policies more acceptable and sustainable. * Policy process: use public engagement and communication to improve design and legitimacy. Civic engagement can improve a policy's design, enhance legitimacy, foster compromise, and help identify unintended consequences early. Effective communication can make reforms more accessible to the public and increase support. This book shows how appropriate governance frameworks, strong institutional capacity, well-designed policies with adequate compensation measures, and early engagement with all stakeholders are essential strategic elements to building consensus and momentum for transformative policies. By deploying these tools, policy makers can navigate the urgency in climate action and its political economy challenges to achieve their long-term climate goals and secure a livable planet.

Download or read book Emissions Trading written by Ralf Antes and published by Springer Science & Business Media. This book was released on 2008-07-01 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Emissions Trading for Climate Policy written by Bernd Hansjürgens and published by Cambridge University Press. This book was released on 2005-07-28 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1997 Kyoto Conference introduced emissions trading as a policy instrument for climate protection. Bringing together scholars in the fields of economics, political science and law, this book, which was originally published in 2005, provides a description, analysis and evaluation of different aspects of emissions trading as an instrument to control greenhouse gases. The authors analyse theoretical aspects of regulatory instruments for climate policy, provide an overview of US experience with market-based instruments, draw lessons from trading schemes for the control of greenhouse gases, and discuss options for emissions trading in climate policy. They also highlight the background of climate policy and instrument choice in the US and Europe and the foundation of systems in Europe, particularly the EU's directive for a CO2 emissions trading system.

Download or read book Emissions Trading written by Ralf Antes and published by Springer Science & Business Media. This book was released on 2011-08-12 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emissions trading challenges the management of companies in an entirely new manner: Not only does it, like other market-based environmental policy instruments, allow for a bigger flexibility in management decisions concerning emission issues. More importantly, it shifts the mode of governance of environmental policy from hierarchy to market. But how is this change reflected in management processes, decisions and organizational structures? The contributions in this book discuss the theoretical implications of different institutional designs of emissions trading schemes, review schemes that have been implemented in the US and Europe, and evaluate the range of investment decisions and corporate strategies which have resulted from the new policy framework.

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 Research Handbook on Emissions Trading written by Stefan E. Weishaar and published by Edward Elgar Publishing. This book was released on 2016-12-30 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Environmental Commodities Markets and Emissions Trading written by Blas Luis Pérez Henríquez and published by Routledge. This book was released on 2013 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Market-based solutions to environmental problems offer great promise, but require complex public policies that take into account the many institutional factors necessary for the market to work and that guard against the social forces that can derail good public policies. Using insights about markets from the new institutional economics, this book sheds light on the institutional history of the emissions trading concept as it has evolved across different contexts. It makes accessible the policy design and practical implementation aspects of a key tool for fighting climate change: emissions trading systems (ETS) for environmental control. Blas Luis Pérez Henríquez analyzes past market-based environmental programs to extract lessons for the future of ETS. He follows the development of the emissions trading concept as it evolved in the United States and was later applied in the multinational European Emissions Trading System and in sub-national programs in the United States such as the Regional Greenhouse Gas Initiative (RGGI) and California's ETS. This ex-post evaluation of an ETS as it evolves in real time in the real world provides a valuable supplement to what is already known from theoretical arguments and simulation studies about the advantages and disadvantages of the market strategy. Political cycles and political debate over the use of markets for environmental control make any form of climate policy extremely contentious. Pérez Henríquez argues that, despite ideological disagreements, the ETS approach, or, more popularly, 'cap-and-trade' policy design, remains the best hope for a cost-effective policy to reduce GHG emissions around the world.

Download or read book Emissions Trading as a Policy Instrument written by Marc Gronwald and published by MIT Press. This book was released on 2015-07-17 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical and theoretical perspectives on the first two phases of the European Emissions Trading Scheme, the largest cap-and-trade market established so far. Emissions trading schemes figure prominently among policy instruments used to tackle the problem of climate change, and the European Union Emissions Trading Scheme (EU ETS), begun in 2005, is the largest cap-and-trade market so far established. In the EU ETS, firms regulated by the scheme are provided with emissions allowances (each a one-time right to emit one ton of greenhouse gases) and can sell their unused allowances to firms that have higher rates of emissions. In this volume, leading economists offer empirical and theoretical perspectives on the early phases of the EU ETS implementation. The contributors discuss the features of the EU ETS market; and regulatory uncertainty stemming from rule changes; the political economy context of the trading scheme, including allowance allocation and the influence of lobbying on abatement decisions; the coexistence of such overlapping instruments for climate policy as pricing and taxation; the relationship between spot and futures markets for allowances, and firms' responses to various features of the EU ETS, including fluctuating allowance prices, free allocation, and links to the Kyoto process. They show that, although the basic theory behind emissions permit markets is straightforward, design features, market structure, and interactions with other policy instruments can influence the efficiency of the scheme. Contributors Nathan Braun, A. Denny Ellerman, Timothy Fitzgerald, Beat Hintermann, Wolfgang Härdle, Peter Heindl, Philipp Hieronymi, Marc Gronwald, Frank Jotzo, Andreas Lange, Stephen Lecourt, Ralf Martin, A. J. Mulder, Mirabelle Muûls, Clement Pallière, Jason Pearcy, Oliver Sartor, David Schüller, Stefan Trück, Ulrich J. Wagner, Rafał Weron, Peter J. Wood

Download or read book Emissions Trading and Business written by Ralf Antes and published by Springer Science & Business Media. This book was released on 2006-11-22 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Act Locally Trade Globally written by International Energy Agency and published by OECD Publishing. This book was released on 2005 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Political Economy and Economic Impacts of Climate Policy written by Niels Anger and published by Sudwestdeutscher Verlag Fur Hochschulschriften AG. This book was released on 2010-01 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a political economy analysis and an economic impact assessment of climate change policy. The analysis shows that the design of market-based instruments of climate policy can be explained by the behavior of environmental regulators who maximize their political support. The consideration of preferences of sectoral interest groups in regulatory decisions can induce economic inefficiencies in terms of a sectoral differentiation of environmental taxes or an asymmetric allocation of tradable emissions permits to parts of the economy. In turn, the design of climate policy instruments plays a decisive role for the associated economic impacts. The book argues that the economic benefits of linking domestic emissions trading schemes of industrialized nations depend on the sectoral scope of these schemes and the stringency of allowance allocation. Establishing regional flexibility of emissions reductions, e.g. via the access to carbon abatement options in developing countries, further improves the prospects for a cost-efficient and ambitious implementation of future climate policy.

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 European Emissions Trading in Practice written by Stefano Clò and published by Edward Elgar Publishing. This book was released on 2011 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Emission markets are crucial both to provide the right incentives to reduce GHG emissions and to fund investments necessary for a transition to a low carbon world. Emission markets however cannot achieve these objectives if inappropriately designed. This book is a novel and fresh attempt to look at the real functioning of the EU Emission Trading Scheme and to assess its effectiveness and inconsistencies, its positive and negative impacts on industrial and financial markets. With the overall objective to improve its design and performance.' Carlo Carraro, University of Venice, Italy '. . . this important book has the great achievement of addressing a complicated and socially highly debated issue of how society could be given optimal incentives for emission reductions from a legal and economic perspective. Moreover, it not only addresses the various issues from a theoretical perspective, but provides important empirical evidence on the working of emissions trading as well. The book will undoubtedly have important lessons not only at the theoretical level, but also for policy makers interested in improving the effectiveness of emission trading schemes.' From the foreword by Michael Faure This unique and up-to-date book analyses the functioning of the European Emissions Trading Scheme (ETS) and assesses the extent to which relevant legislation has affected its capacity to promote cost-effective reduction of European carbon emissions. The author investigates whether inefficiency has been caused by both the ETS cap setting procedure and by the ETS relevant allocation rule, as defined by Directive 2003/87/EC. He then considers whether the new Directive 2009/29/EC, which reforms the ETS institutional design, is likely to improve the scheme's effectiveness by reducing the risk of carbon leakage which could potentially be a consequence of implementing a unilateral policy across the asymmetric political landscape of Europe. This well-documented book will appeal to researchers and postgraduate students in environmental law and environmental economics, as well as policymakers within environment, industry and economics, and electric and industrial operators and stakeholders. Environmental NGOs, energy and environmental consulting groups, members of the European Commission, and energy and environmental think-tanks will also find much to interest them in this insightful book.

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

Download or read book Global Emissions Trading written by Suzi Kerr and published by Edward Elgar Publishing. This book was released on 2000 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: On learning that greenhouse gas emissions were a problem, governments participating in discussions that led to the 1992 Kyoto Protocol on climate change took the bold capitalist step of making them into commodities that could be bought and sold. Here policy analysts, most connected with the Center for Clean Air Policy in Washington, DC, grapple with some of the practical, economic, and political issues involved in implementing the scheme. Among them are designing a system to track the trade of permits, fair competition, market power, and developing guidelines for joint implementation. Annotation copyrighted by Book News Inc., Portland, OR

Download or read book Distributional Aspects of Energy and Climate Policies written by Mark A. Cohen and published by Edward Elgar Publishing. This book was released on 2013-05-31 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments around the globe have begun to implement various actions to limit carbon emissions and so, combat climate change. This book brings together some of the leading scholars in environmental and climate economics to examine the distributional consequences of policies that are designed to reduce these carbon emissions. Whether through a carbon tax, cap-and-trade system or other mechanisms, most proposals to reduce carbon emissions include some kind of carbon pricing system Ð shifting the costs of emissions onto polluters and providing an incentive to find the least costly methods of abatement. This standard efficiency justification for pricing carbon also has important distributional consequences Ð a problem that is often ignored by economists while being a major focus of attention in the political arena. Leading scholars in environmental and climate economics take up these issues to examine such questions as: Will the costs fall on current or future generations? Will they fall on the rich, poor, middle class, or on everyone proportionally? Which countries will benefit, and which will suffer? Students and scholars interested in climate change, along with policy makers, will find this lively volume an invaluable addition to the quest for information on this globally important issue.