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We develop and discuss the three pathways to European Greenhouse Gas Emissions Trading: a top-down scheme based on the Kyoto Protocol of the UNFCCC, a bottom-up scheme linking national trading systems of EU Member States, and an EU-wide regional scheme based on the founding principles of the...
Persistent link: https://www.econbiz.de/10011335756
Tradable Permits – a Market-Based Allocation System for the Environment. Tradable Permits and Other Environmental Policy Instruments – Killing one Bird with two Stones. Tradable Permits – Ten Key Design Issues. Tradable Permits with Imperfect Monitoring. Emissions Trading with Greenhouse...
Persistent link: https://www.econbiz.de/10011695725
Domestic climate policy emissions trading schemes appear to be spreading all over the word. However, carbon markets in existence often suffer from dilution in terms of ecological effectiveness, economic efficiency, and social justice. Thus, in order to firmly base carbon markets on the main...
Persistent link: https://www.econbiz.de/10010286393
Without participation of the United States, the world?s largest emitter of greenhouse gases, mitigation of global climate change seems hardly conceivable. Despite the U.S. rejection of the Kyoto Protocol and the reluctance of the Bush administration to engage in Post-Kyoto negotiations, recent...
Persistent link: https://www.econbiz.de/10010298036
The purpose of this paper is to explore whether the 'Fit for 55' update of the European Union's CO₂ regulation is up to the task of fixing its past mistakes and putting Europe on course to reach net zero mobility by 2050, while also dealing with the new set of challenges that arises with the...
Persistent link: https://www.econbiz.de/10015054184
their total emissions, and net carbon exports of China amount to 24% of China's total emissions. We also analyze policies … under a global per capita emissions based contraction and convergence regime with emission trading: When China joins the … regime, the developing countries will benefit, while the industrialized countries will be almost unaffected. When China does …
Persistent link: https://www.econbiz.de/10010265833
In this paper, we use a computable general equilibrium model (WIATEC) to study the potential impact of implementing Europe's 20-20-20 climate policy. The results show that the economic costs of implementing the policy are only moderate and within the range of recent empirical evidence....
Persistent link: https://www.econbiz.de/10010276897
Emissionshandel ausreichend, um eine kostenminimale Reduktion der CO<sub>2</sub>-Emissionen zu erreichen. Die meisten Instrumente der … Instruments wie dem Emissionshandel könnten mit den gleichen finanziellen Mitteln höhere Reduktionen von CO<sub>2</sub> erreicht …
Persistent link: https://www.econbiz.de/10011698405
In 2005, an EU-wide emissions trading scheme covering major CO2 producing sites shall come into power. The key objective of the trading scheme is to promote cost-efficiency of carbon reduction within the EU. We identify policy-relevant tradeoffs between overall efficiency, compensation and...
Persistent link: https://www.econbiz.de/10011422110
Der Emissionshandel zeigt nur dann die erwünschte Wirkung, wenn das marktgerechte CO2-Preissignal zu Veränderungen beim …
Persistent link: https://www.econbiz.de/10010377789