emissions trading Articles
-
Mercury - A Challenge for Emissions Trading
There is growing concern about the damaging effects of mercury pollution. Could emissions trading provide a solution? Donna Danihel and Dave Michaud ...
-
EU emissions trading – Latest developments
In this article some of the latest developments in phase I of trading in the EU ETS are examined together with the European Commission's (Commission) decisions on the phase II national allocation plans (NAPs) so far submitted. It also considers the ongoing review of the EU ETS and the proposed extension of the scheme to other areas, as well as other relevant developments in this ...
-
The value of accurate calibration in emissions trading
The trading of emissions began in the United States for SO2 in an effort to decrease the amount of SO2 in the atmosphere in a fair manner. The fair manner refers to the fact that the coal fired plants need to reduce their emissions of S02 but not to “shut down” facilities which cannot comply. The emphasis was on the economic side of emitting gases. The program was directed at the 110 ...
-
Application of the emissions trading directive by EU Member States
This report presents information on the introduction of the European Emissions Trading System as reported by the Member States (in accordance with Article 21 of the Emissions Trading Directive). It covers the period until 30 April 2005. Since the reports from Member States only cover the first four months of the first trading year the information is limited, especially concerning the real ...
-
Interview with Henry Derwent, head of the International Emissions Trading Association
The interview with the new President and CEO of the International Emissions Trading Association (IETA), Henry Derwent, was a landmark date for IETA. Its former President and CEO Andrei Marcu officially stepped down from his position as top man. Former Director of Climate, Energy and Environmental Risk at the UK Department for Environment, Food and Rural Affairs, Henry Derwent, took over the ...
-
Optimal emission-dependent production policy with stochastic demand
The paper addresses the issue of manufacturer's optimal production policy under stochastic demand in an emission 'cap and trade' system, in which emission permit becomes another essential factor for production. Three typical sources of emission permits are considered, including emission quota allocated by the government, permits purchased via emission trading, and emission savings via ...
-
EU emissions trading scheme
The next couple of years will be crucial for the future of trading greenhouse gases (GHGs). Europe is reviewing the way its trading system operates to address the lessons it has learned to date and increasingly others are designing and implementing trading programs. New Zealand has recently published its proposals, Australia is looking at how it would implement a trading system, and a growing ...
-
EU Emissions Trading
Untitled Document The European Union is committed to global efforts to reduce the greenhouse gas emissions from human activities that threaten to cause serious disruption to the world’s climate. Building on the innovative mechanisms set up under the Kyoto Protocol to the 1992 United Nations Framework Convention on Climate Change (UNFCCC) — joint ...
-
Exploring uncertainties in the EU ETS: “learning by doing” continues beyond 2012
The amendment of the EU ETS agreed on in December 2008 will see covered entities face new challenges. Due to a more stringent overall reduction target, the emissions trading regime will have a larger influence on the business sector. The basic question “who can get, under what conditions, tradable allowances” will thus be even more relevant than in the initial regime. This paper sheds light on ...
-
Emissions Trading 2005 and its Implications for Businesses
Untitled Document Basics of Emissions Trading The formulation of a market needs a buyer and a seller and, at times, due to high transaction costs (e.g. finding a buyer or seller, price discovery), market participants want a specialized broker to link buyers and sellers efficiently. Certainly, people want to buy or sell products or services with a scarcity value in a market. The ...
-
Application of the Emissions Trading Directive by EU Member States
According to Article 21 of the Emissions Trading Directive Member States shall report annually on the application of the directive. The reporting obligation will allow the European Commission to continuously follow the implementation of the directive and provide information for the European Commission's review report under Article 30 of the directive. This is particularly important for the first ...
-
Evaluating links between emissions trading schemes: An analytical framework
Emission trading systems (ETS) have been or will be implemented in more and more states and regions around the world. The objectives of such trading systems, however, can only be reached to full extend if a worldwide ETS comes into effect. Therefore, ETS are forced to join. Against that backdrop, linking of two or more ETS can be an important step towards a global ETS. This article examines ...
-
California explores a state-wide cap-and-trade system for air emissions
Stakeholders were given the opportunity to provide specific technical input concerning various elements of the program design that may become part of the Assembly Bill (AB) 32 Scoping Plan. AB 32 includes specific criteria that the Californian Air Resources Board (ARB) must consider before using market-based measures to implement AB 32, and ARB will evaluate a possible cap-and-trade system ...
-
Giving wings to emission trading - Inclusion of aviation under the European emission trading system (ETS): design and impacts
Air transport performs many important functions in modern societies. Aviation facilitates economic growth and cultural exchanges and the industry directly provides employment in many regions. However, aviation also contributes to global climate change, and its contribution is increasing. While the EU's total greenhouse gas emissions fell by 3% from 1990 to 2002, carbon dioxide emissions ...
-
The Canadian Regulatory Framework for carbon trading: Sailing away from consensus while waiting for the U.S. Federal Scheme
There is a lot of controversy on Parliament Hill in Canada regarding the greenhouse gas policy to be enacted. It is very difficult to assess the latest proposed framework without suggesting a political view or without analysing the economic context of Canadian actors involved in the emissions trading market. The purpose of this article is to briefly articulate the main controversial issue of said ...
-
Kyoto and technology at the European Union: costs of emission reduction under flexibility mechanisms and technology progress
This paper presents the analysis of the consequences of CO2 emission reduction policies, as derived, in a European Union perspective, from the Kyoto Protocol for the 2010 horizon. The first section provides a thorough assessment, based on the PRIMES model results, of the marginal and total costs of compliance to the Kyoto Protocol for a "no trading" case and for two cases of emission trading, ...
-
The language of flexibility and the flexibility of language
Flexibility instruments such as joint implementation and emissions trading have played an important part in climate change policy negotiations since before the signing of the Framework Convention on Climate Change. They are likely to remain an important feature of future negotiations. This paper examines the characteristics of the various flexibility mechanisms introduced by the Kyoto Protocol. ...
-
NOx and SOx Emissions Trading in Ontario
Erik Haites outlines an unusual emissions trading programme due to begin next year. The government of Ontario recently announced its intention to establish an emissions trading programme for NOx and SOx emissions (oxides of nitrogen and sulphur) from all coal- or oil-fired electric generating plants in the province with a capacity greater than 25 MW beginning on 1 January 2001. This programme is ...
-
Offsets in the international emissions market: Do buyers get what they pay for?
This paper analyses buyer preferences in the context of the market for emissions trading under the UNFCCC. The purpose of this paper is to investigate pricing of offsets (Certified Emissions Reductions or “CERs” under the UNFCCC) (through an empirical survey of two segments of the authorized CER buyer market) to understand the relationship between buyer preferences for CER carbon offsets in the ...
-
Political Measures for Strategic Environmental Policy with External Effects
This paper investigates an environmental policy designed to reduce the emission of pollutants under uncertainty, with the agent problem as an optimal stopping problem. We first analyze the two cases in which there are one agent and two competing agents by following Ohyama and Tsujimura (2005). When we consider a model of strategic agents, we need to analyze the external economic effect that is ...
Need help finding the right suppliers? Try XPRT Sourcing. Let the XPRTs do the work for you