OECD / by Ivana Capozza and Joseph Curtin http://bit.ly/UwyEhV Germany committed itself to challenging greenhouse gas (GHG) emission reduction targets to 2020 and beyond. It has implemented a composite mix of policy measures to achieve its climate change mitigation goals, including a range of market-based instruments. These measures have helped reduce domestic GHG emissions, as … Continue reading »
Tagged with Cap and Trade …
Update on Controlling Greenhouse Gases from International Aviation
Congressional Research Service http://fpc.state.gov/documents/organization/201514.pdf The European Union’s (EU’s) decision in 2008 to control greenhouse gas (GHG) emissions from international flights under its Emissions Trading Scheme (EU ETS), 1 effective January 1, 2012, has been contentious among nations, prompting threats of noncompliance and retaliatory trade actions. The U.S. Administration and other national governments have objected to … Continue reading »
Low Carbon Taiwan 2030 – Solutions for a Low Carbon Future
European Chamber of Commerce Taipei http://www.ecct.com.tw/publications_archive.aspx?pcseq=2&cseq=16 - [China News Agency] The European Chamber of Commerce Taipei (ECCT) released a report Tuesday that provides analysis of the sources of Taiwan’s current greenhouse gas emissions and offers cost-effective carbon reduction options. The ECCT suggested that Taiwan’s government force individuals or companies that cause greenhouse gas emissions to pay … Continue reading »
Monetary Emissions Trading Mechanisms
Rice University, Baker Institute for Public Policy / by Ted Temzelides and Cyril Monnet http://bit.ly/UhTkbW [From Extended Abstract] …We use insights from dynamic mechanism design in monetary economics to derive properties of optimal dynamic emissions trading mechanisms. We argue that efficient tax policies must be “state-contingent”, and we demonstrate an equivalence between such state-contingent taxes and emissions trading. Restrictions … Continue reading »
Regional Investment of RGGI CO2 Allowance Proceeds, 2011
Regional Greenhouse Gas Initiative (RGGI) http://www.rggi.org/docs/Documents/2011-Investment-Report.pdf [From Press Release] The Regional Greenhouse Gas Initiative (RGGI) states today released a report summarizing the consumer, economic, and environmental impact of investments made using proceeds from RGGI’s CO2 allowance auctions. The report analyzed the lifetime impact of RGGI investments made from 2009 to 2011 in the nine RGGI … Continue reading »
The Cost of Inaction: Auctioning Revenues Under Different climate Ambition Scenarios for the EU Emissions Trading Scheme
Öko-Institut for Greenpeace and World Wildlife Fund / by Hauke Hermann, Verena Graichen http://bit.ly/Txu6nE [Bloomberg article by Ewa Krukowska ] Delaying the sale of 1.2 billion European Union carbon permits would boost revenues of national governments by 7 billion euros ($8.96 billion), a report commissioned by environmental lobbies WWF and Greenpeace showed. Revenues from auctioning carbon-dioxide allowances … Continue reading »
Linking the Emissions Trading Systems in EU and California
Swedish Environmental Research Institute | Forum for Reforms, Entrepreneurship and Sustainability / by Lars Zetterberg http://fores.se/assets/780/FORES-California_ETS-web.pdf [From a Climate Wire article by Julia Pyper, sub. req'd] …the report finds that political will should be enough to bridge the technical differences between them. Report author Lars Zetterberg concedes linking is probably some time away but says … Continue reading »
Pricing Carbon in the U.S.: A Model-Based Analysis of Power Sector Only Approaches
Brookings Institution / by Warwick J. McKibbin, Adele Morris and Peter J. Wilcoxen http://www.brookings.edu/research/papers/2012/10/05-pricing-carbon-morris [From the Executive Summary] This paper uses an intertemporal computable general equilibrium (CGE) model of the world economy called G-Cubed to compare a power-sector-only climate policy with economy-wide measures that either place the same price on carbon or achieve the same … Continue reading »
The Role of Border Carbon Adjustment in Unilateral Climate Policy: Insights from a Model-Comparison Study
Harvard Univ, Kennedy School, Belfer Center / by Christoph Böhringer, Thomas F. Rutherford and Edward J. Balistreri http://bit.ly/PMGak2 [Abstract] Issues of emission leakage and competitiveness are at the fore of the climate policy debate in all the major economies implementing or proposing to implement substantial emissions cap-and-trade programs. Unilateral climate policy cannot directly impose emissions prices on … Continue reading »
Interpreting Trade-related CO2 Emission Transfers
Nature Climate Change / by Michael Jakob & Robert Marschinski (Published online Sept. 24, 2012 ; doi:10.1038/nclimate1630) http://bit.ly/OVBHkl [From Agence France-Presse article] …’Typically in the West, we import goods whose production causes a lot of greenhouse-gas emissions in poorer countries,’ said Michael Jakob of the Potsdam Institute for Climate Impact Research (PIK)… In a 2010 … Continue reading »
