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There is a large number of regional agreements concerning Greenhouse Gas (GHG) emissions, often linked to other regional integration agreements. The most successful one in making effort in reducing carbon emissions is the Emission Trading System by the European Union (EU ETS). Apart from this...
Persistent link: https://www.econbiz.de/10010330032
Linkage of cap-and-trade systems is typically advocated by economists on a general analogy with the beneficial linking of free-trade areas and on the specific grounds that linkage will ensure cost effectiveness among the linked jurisdictions. An appropriate and widely accepted specification for...
Persistent link: https://www.econbiz.de/10011968653
adaptation measures in a poor country (South). I show that a necessary condition for North to invest into adaptation investments … funded adaptation measures also have a flavor of mitigation, i.e., apart from safeguarding South from climate damages they … adaptation and mitigation projects by international adaptation funding organizations, such as the Green Climate Fund. …
Persistent link: https://www.econbiz.de/10014374548
Current and proposed greenhouse gas cap-and-trade systems allow regulated entities to offset abatement requirements by paying unregulated entities to abate. These offsets from unregulated entities are believed to contain system costs and stabilize allowance prices. However, the supply of offsets...
Persistent link: https://www.econbiz.de/10009644192
Climate change policy analysis has focused almost exclusively on national policy and even on harmonizing climate policies across countries, implicitly assuming that harmonization of climate policies at the subnational level would be mandated or guaranteed. We argue that the design and...
Persistent link: https://www.econbiz.de/10010556834
Carbon markets are substantial and they are expanding. There are many lessons from experiences over the past eight years -- fewer free allowances, better management of market-sensitive information, and a recognition that trading systems require adjustments that have consequences for market...
Persistent link: https://www.econbiz.de/10010643007
Much of the guidance about potential impacts of reduce emissions from deforestation and degradation (REDD) speculates how efforts would be implemented and draws lessons from other mechanisms, such as payments for ecosystem services (PES). However, with few REDD activities underway, little...
Persistent link: https://www.econbiz.de/10008497180
On efficiency grounds, the economics community has to date tended to emphasize price-based policies to address climate change -- such as taxes or a “safety-valve” price ceiling for cap-and-trade -— while environmental advocates have sought a more clear quantitative limit on emissions. This...
Persistent link: https://www.econbiz.de/10005138453
In 2005, the European Union introduced the largest and most ambitious emissions trading program in the world to meet its Kyoto commitments for the containment of global climate change. The EU Emissions Trading Scheme (EU ETS) has some distinctive features that differentiate it from the more...
Persistent link: https://www.econbiz.de/10005138456
potential tradeoff between countries’ investments in mitigation versus adaptation. While mitigation of greenhouse gases can be … viewed as a public good, adaptation to climate change is a private good, benefiting only the country or the individual that … invests in adaptation. We use a one-shot public-goods game that deviates from the standard public-goods game by introducing a …
Persistent link: https://www.econbiz.de/10010541896