Lessons Learned from Linking Emissions Trading Systems
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Publisher:
Published: 2014
Total Pages:
ISBN-13:
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HC 739 - Linking Emissions Trading Systems
Author: Great Britain. Parliament. House of Commons. Energy and Climate Change Committee
Publisher: The Stationery Office
Published: 2015
Total Pages: 48
ISBN-13: 0215081544
DOWNLOAD EBOOKCarbon 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.
Emissions Trading Schemes and Their Linking
Author: Asian Development Bank
Publisher: Asian Development Bank
Published: 2016-04-01
Total Pages: 114
ISBN-13: 929257373X
DOWNLOAD EBOOKAsia 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.
Linking the European Union Emissions Trading System
Author: Charlotte Unger
Publisher: Routledge
Published: 2021-01-25
Total Pages: 106
ISBN-13: 1000372472
DOWNLOAD EBOOKThis 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.
Lessons Learned from the New Zealand Emissions Trading Scheme
Author: Catherine Leining
Publisher:
Published: 2016
Total Pages:
ISBN-13:
DOWNLOAD EBOOKClimate Change and European Emissions Trading
Author: Michael G. Faure
Publisher: Edward Elgar Publishing
Published: 2008
Total Pages: 425
ISBN-13: 1848446039
DOWNLOAD EBOOKA 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.
Emissions Trading
Author: Ervin Nagy
Publisher: Nova Science Publishers
Published: 2009
Total Pages: 0
ISBN-13: 9781607411949
DOWNLOAD EBOOKThe European Union's (EU) Emissions Trading Scheme (ETS) is a cornerstone of the EU's efforts to meet its obligation under the Kyoto Protocol. It covers more than 10,00 energy intensive facilities across the 27 EU Member countries; covered entities emit about 45% of the EU's carbon dioxide emissions. This book explores climate change which is generally viewed as a global issue, but proposed responses typically require action at the national level. With the 1997 Kyoto Protocol now in force and setting emissions objectives for 2008-2012, countries that ratified the protocol are developing appropriate implementation strategies to begin reducing their emissions of greenhouse gases. These objectives are discussed in detail in this book.
The Evolution of Carbon Markets
Author: Jørgen Wettestad
Publisher: Routledge
Published: 2017-12-14
Total Pages: 263
ISBN-13: 135185559X
DOWNLOAD EBOOKCarbon 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.
Linking Emissions Trading Systems with Different Levels of Environmental Ambition
Author:
Publisher:
Published: 2020
Total Pages:
ISBN-13: 9789290849162
DOWNLOAD EBOOKAs 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.
Linking Emissions Trading Schemes
Author: Andreas Tuerk
Publisher: Earthscan
Published: 2009
Total Pages: 97
ISBN-13: 1849770115
DOWNLOAD EBOOKA 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
