1,721,179 research outputs found
Emission Trading Regimes and Incentives to Participate in International Climate Agreements
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China and the Evolution of the Present Climate Regime
Full text linkThe recent events that followed the US decision not to comply with the Kyoto Protocol seem to drastically undermine the effectiveness of the Protocol in controlling GHG emissions. Therefore, it is important to explore whether there are economic factors and policy strategies that might help the US to modify its current policy and move back to the Kyoto-Bonn agreement. For example, can an increased participation of developing countries induce the US to effectively participate in the effort to reduce GHG emissions? Is a single emission trading market the appropriate policy framework to increase participation in the Kyoto-Bonn agreement? This paper addresses the above questions by analysing whether the participation of China in the cooperative effort to control GHG emissions can provide adequate incentives for the US to move back to the Kyoto process and eventually ratify the Kyoto Protocol. This paper analyses three different climate regimes in which China could be involved and assesses the participation incentives for the major world countries and regions in these three regimes
Participation Incentives and Technical Change. From Top-Down to Bottom-Up Climate Agreements
No full textRegional and Sub-global Climate Blocs. A Cost-benefit Analysis of Bottom-up Climate Regimes
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The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles
Full text linkA critical issue in dealing with climate change is deciding who has a right to emit carbon dioxide (CO
2
),
and under what conditions, when those emissions are limited. The European Union Emissions Trading
Scheme (EU ETS) is the world’s first large experiment with an emission trading system for CO
2
and it is
likely to be copied by others if there is to be a global regime for limiting greenhouse gas emissions. This
paper provides the first in-depth description and analysis of the process by which rights to emit carbon
dioxide were created and distributed in the EU ETS. The main objective of the paper is to distill the lessons
and general principles to be learned from the allocation of allowances in the EU ETS, i.e. in the world’s
first experience with allocating carbon allowances to sub-national entities. We discuss the lessons and
unifying observations that emerge from this experience and provide some insights on what seem to be more
general principles informing the allocation process and on what are the global implications of the EU ETS
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