Tagged with International Agreements

The Paris Agreement and Beyond: International Climate Change Policy Post-2020

Harvard Project on Climate Agreements, Belfer Center, Kennedy School, Harvard Univ. / by Robert N. Stavins and Robert C. Stowe http://bit.ly/2eb2KqG The Paris Agreement is a breakthrough in multilateral efforts to address the threat of global climate change. For the first time, an international agreement to reduce greenhouse-gas emissions includes contributions from all of the … Continue reading

A Vision For the Market Provisions of the Paris Agreement

International Emissions Trading Association http://www.ieta.org/page-18192/4011936 [Press Release] A new paper  by IETA sets out the business group’s vision for the development of the market-based systems outlined in the Paris Agreement. The paper, released today, has been circulated to policy-makers and thought leaders ahead of the first post-Paris meeting, which begins on Monday in Bonn, Germany. In … Continue reading

Carbon Pricing: the Paris Agreement’s Key Ingredient

Environmental Defense Fund | International Emissions Trading Association http://bit.ly/264aZuh …Well-designed carbon markets bring together key elements of success: they provide an essential source of climate finance, combined with strong governance, transparency and accounting frameworks. They also facilitate win-win technology transfers between nations. In so doing, access to markets can enable countries to reach the full potential … Continue reading

Application of the EU Emissions Trading Directive — Analysis of National Responses Under Article 21 of the EU ETS Directive in 2015

European Environment Agency http://www.eea.europa.eu/publications/ets-directive-2015 Directive 2003/87/EC (EU, 2003) of the European Parliament and of the Council of the European Union (EU) established the EU Emissions Trading System (EU ETS), which is a key EU policy instrument aimed at reducing greenhouse gas emissions. Article 21 of the EU ETS Directive stipulates that, each year, Member States … Continue reading

Assessment of Net Mitigation in the Context of International Greenhouse Gas Emissions Control Mechanisms

World Bank / by Jon Strand http://bit.ly/1pIsSxH This paper discusses the scope for market mechanisms, already established for greenhouse gas mitigation in Annex 1 countries that ratified the Kyoto Protocol, for implementing “net mitigation,” defined here as mitigation beyond Annex 1 countries’ formal mitigation requirements under the Kyoto Protocol. Such market mechanisms could be useful … Continue reading

After Paris: Fiscal, Macroeconomic and Financial Implications of Global Climate Change

International Monetary Fund http://www.imf.org/external/pubs/cat/longres.aspx?sk=43484.0 This paper discusses the implications of climate change for fiscal, financial, and macroeconomic policies. Most pressing is the use of carbon taxes (or equivalent trading systems) to implement the emissions mitigation pledges submitted by 186 countries for the December 2015 Paris Agreement while providing revenue for lowering other taxes or debt. … Continue reading

Adoption of the Paris Agreement: Proposal by the President Draft Decision -/CP.21

United Nations Framework Convention on Climate Change http://bit.ly/1Z5Mjx4 [New York Times excerpts from the climate pact] TEMPERATURE INCREASE “Holding the increase in the global average temperature to well below 2°C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5°C above pre-industrial levels, recognizing that this would significantly reduce the risks … Continue reading