Natural Climate Solutions (NCS) have the potential to provide one-third of the climate mitigation needed to limit global warming to well below 2 degrees. But to achieve this goal, investments in NCS need to rapidly scale up, including private sector investments. Private actors seeking to engage...

In response to an imbalance between the demand and supply of permits within the European Union Emissions Trading System (EU ETS), the European Commission has proposed the introduction of a Market Stability Reserve (MSR). The MSR represents a quantity based automatic adjustment mechanism, which...

In response to an imbalance between the demand and supply of permits within the European Union Emissions Trading System (EU ETS), the European Commission has proposed the introduction of a Market Stability Reserve (MSR). The MSR represents a quantity based automatic adjustment mechanism, which...

Although agriculture could contribute substantially to European emission reductions, its mitigation potential lies untapped and dormant. Market-based instruments could be pivotal in incentivizing cost-effective abatement. However, sector specificities in transaction costs, leakage risks and...

With agriculture occupying approximately sixty per cent of Australia’s land surface, policy makers, scientists and land managers are becoming increasingly interested in opportunities to sequester greenhouse emissions through land use change. The announcement of the Labor Government’s Carbon...

This paper investigates incentives for firms to increase output above the activity level thresholds (ALTs) in order to obtain more free allowances in the EU Emissions Trading Scheme. While ALTs were introduced in order to reduce excess free allocation to low-activity installations, for...

There have been several recent proposals for cooperative climate alliances, from the OECD, the IMF, the World Trade Organization (WTO), the German Government, and others. The "Climate Club" concept comprises many different possible regimes and intents. They range from so-called transformational...

This paper investigates incentives for firms to increase output above the activity level thresholds (ALTs) in order to obtain more free allowances in the EU Emissions Trading Scheme. While ALTs were introduced in order to reduce excess free allocation to low-activity installations, for...