So far, the dominant paradigm in international climate policy has been mitigation while adaptation has been a low-key issue. However, with LDCs starting to push for adaptation side payments it has recently gained importance. The allocation of funds and the definition of adaptation activities are...

The “Kyoto Protocol”, as the first and only implementation mechanism under the UN Framework Convention on Climate Change (UNFCCC), will expire by the year 2012. There are, however, many good reasons not to abandon this multilateral approach to climate change, but to soon go for a new round...

The “Kyoto Protocol”, as the first and only implementation mechanism under the UN Framework Convention on Climate Change (UNFCCC), will expire by the year 2012. There are, however, many good reasons not to abandon this multilateral approach to climate change, but to soon go for a new round...

Im Dezember 2008 stehen wichtige Schritte der internationalen Klimapolitik bevor, die einerseits die Gestaltung der Klimaschutzmaßnahmen in Europa und andererseits ein Folgeabkommen des Kyoto-Protokolls nach 2012 betreffen. Der Beitrag gibt einen Überblick über den gegenwärtigen Stand der...

Anfang Dezember, bei dem Weltklimagipfel in Kopenhagen, wird das Startsignal zu einer wichtigen Verhandlungsrunde im Kampf gegen den Klimawandel gegeben. Doch die Chancen, in Kopenhagen ein neues Klimaprotokoll und somit einen erfolgreichen Ausgang zu erzielen, sind in den vergangenen Monaten...

In the negotiations towards an agreement to reduce greenhouse gas emissions, one of the issues negotiated will be the allocation of emissions (or tradable emission permits) between countries. In most analyses and policy discussions, it is usually taken for granted that each country would like...

In 2005, the EU introduced an emissions trading system in order to pursue its Kyoto obligations. This instrument gives emitters the flexibility to undertake reduction measures in the most cost-efficient way and mobilizes market forces for the protection of the earth?s climate. In this paper, we...

Strategic market behavior by permit sellers will harm the European Union as the EU as a whole is expected to become a large net buyer of permits in a follow-up agreement to the Kyoto Protocol. In this paper we explore how the EU could benefit from making permit trade agreements with non-EU...