scholarly journals Particularities of the Legal Framework for the Mexican Emissions Trading System

2021 ◽  
pp. 109-131
Author(s):  
Rosalía Ibarra Sarlat
Keyword(s):  
Climate Change ◽  
Emissions Trading ◽  
National Level ◽  
Legal Framework ◽  
Control Measures ◽  
Economic Activities ◽  
Trading System ◽  
Regulatory Analysis ◽  
International Instruments ◽  
Emissions Trading System

AbstractThis paper examines the legal bases for the mandatory regulation of the emissions trading system in Mexico. They are derived from the main international instruments on climate change: the United Nations Framework Convention on Climate Change (UNFCCC) and its ambitious objective, the quantifiable commitment of the Kyoto Protocol, and its tie to economic instruments. The Paris Agreement, the Nationally Determined Contributions (NDCs) and the market mechanisms regulated in Article 6, the implementation of which is essential to achieve the Agreement’s objectives are also part of this broad system. Legally, the international foundations of the emissions trading system are reflected at the national level. For these, the constitutional and legal bases underpin the current regulation of the mandatory market instrument. It aims to effectively reduce, in terms of costs, the greenhouse gas emissions from the most polluting economic activities, without replacing direct control measures. The core aspects of this system are highlighted from a national regulatory analysis, with special emphasis on the importance of a limited cap and its future reduction, as well as the legal nature of allowances that are allocated by the public administration to the regulated industries’ facilities.

scholarly journals The International Influence of the Emissions Trading System in Mexico

2021 ◽  
pp. 91-107
Author(s):  
Alicia Gutierrez González
Keyword(s):  
Climate Change ◽  
Carbon Dioxide Emissions ◽  
Emissions Trading ◽  
Carbon Tax ◽  
Ghg Emissions ◽  
Learning By Doing ◽  
The European Union ◽  
Trading System ◽  
Reduce Carbon Dioxide ◽  
Emissions Trading System

AbstractThis article aims to give an overview of the international influence of the Emissions Trading System (ETS) in Mexico. It is divided into three parts. First, it briefly examines both the international Climate Change regime through the description of such instruments as the 1997 Kyoto Protocol and the 2015 Paris Agreement, and the national regime by reviewing as the 2012 General Law on Climate Change (LGCC), the National Emissions Registry (RENE) and its Regulations, as well as other instruments regarding mitigation from carbon tax and clean energy. Second, it analyzes the legal framework of the pilot phase of the ETS in Mexico (under the cap and trade principle) which seeks to reduce carbon dioxide emissions (CO2) only in the energy and industry sectors whose emissions are greater than 100 thousand direct tonnes of CO2. In doing so, it also explains the relevance of implementing an ETS as a cost-effective mitigation measure to achieve the Nationally Determined Contributions (NDCs) in order to reduce 22% greenhouse gas (GHG) emissions by 2030 (increasing to 36% if there is international support and financing) and 50% by 2050 as a developing country. Third, it focuses on the European Union Emissions Trading System (EU ETS) experience and shows that all its phases must be done gradually by adopting the learning-by-doing approach.

Market-based Climate Policy in China? The Case of Emissions Trading Systems

2019 ◽  
Vol 11 (04) ◽  
pp. 46-59
Author(s):  
Erik BAARK
Keyword(s):  
Climate Change ◽  
Climate Policy ◽  
Carbon Emissions ◽  
Emissions Trading ◽  
Chinese Government ◽  
Negative Consequences ◽  
Trading System ◽  
Political Issues ◽  
Trading Systems ◽  
Emissions Trading System

China recognises the need to reduce carbon emissions in order to avoid negative consequences from climate change in the future. Therefore, the Chinese government initiated seven emissions trading system (ETS) pilots in 2013 and began to develop China’s national ETS in 2017. However, Chinese efforts to implement ETS have encountered legal, institutional and political issues that must be solved so that a national ETS could help to mitigate emissions in China.

scholarly journals Implementing the EU Climate Law via the ‘Fit for 55’ package

2022 ◽  
Vol 1 (1) ◽  
Author(s):  
Sabine Schlacke ◽  
Helen Wentzien ◽  
Eva-Maria Thierjung ◽  
Miriam Köster
Keyword(s):  
Greenhouse Gas ◽  
Emissions Trading ◽  
Legal Status ◽  
Legal Framework ◽  
The European Union ◽  
Trading System ◽  
Greenhouse Gas Reduction ◽  
Eu Emissions Trading System ◽  
Emissions Trading System ◽  
The Eu

ABSTRACT To implement the European Union (EU) Climate Law’s newly established 55% greenhouse gas reduction objective for 2030, the EU Commission suggests a wave of reforms to the European energy and climate legislation. The contribution aims to describe the EU Commission’s 16 initial legislative and strategic proposals regarding the major pillars of the European energy and climate legislation and intends to give an overview on the suggested reforms. By comparing the legal status quo with the legal framework de lege ferenda as presented by the Commission’s proposals, the planned major changes to the legal structures are identified. To achieve the 55% greenhouse gas reduction objective for 2030, all existing legal climate and energy acts are planned to be tightened by amending their targets as well as scopes and revising their structures. The suggested reforms concern the existing EU emissions trading system, effort sharing system between the Member States, energy taxation, energy efficiency and renewable energies. Additionally, the implementation of new instruments, such as the second EU emissions trading system for the sectors buildings and transport, the Carbon Border Adjustment Mechanism and the Social Climate Fund, is proposed. The design of the package shows that the Commission still generally pursues a climate legislation characterized by a mix of instruments and policies being both price based and regulatory. So, even though the major proposed change—the introduction of a second separate emissions trading system—would strengthen the role of carbon pricing, the Commission still relies on a mix of instruments without defining a leading instrument.

scholarly journals A Battle for the Skies: Applying the European Emissions Trading System to International Aviation

2013 ◽  
Vol 82 (2) ◽  
pp. 187-220
Author(s):  
Jacques Hartmann
Keyword(s):  
Climate Change ◽  
Emissions Trading ◽  
Environmental Harm ◽  
The European Union ◽  
Aircraft Emissions ◽  
Trading System ◽  
Trading Partners ◽  
Combat Climate Change ◽  
The Impact ◽  
Emissions Trading System

The European Union (EU) has long been in a diplomatic row with its main trading partners. The row concerns the EU’s decision to include foreign aircraft emissions within its Emissions Trading System (ETS). Several States have objected to the inclusion as a violation of their sovereignty. The importance of the quarrel can hardly be overestimated: it is the first real clash concerning unilateral measures to combat climate change. By including foreign aircraft emissions within the ETS, the EU has taken unilateral action to prevent international environmental harm. The EU’s action has given rise to some fundamental questions concerning legislative jurisdiction. Moreover, as the impact of climate change becomes more severe, climate change may serve as a pretext for all kinds of protectionist policies. The current quarrel is therefore also one of principle. This article analyses the jurisdictional basis for extending the ETS to extraterritorial flights and the reactions of third States. In doing so, the article reveals fundamental limits in international rules concerning the allocation of competencies between States, especially in relation to the protection of the environment. The article considers these shortcomings in the context of the present case and suggests a new approach to the traditional principles of sovereignty and legislative jurisdiction.

Interest in carbon markets will rise globally

2018 ◽  
Keyword(s):  
Climate Change ◽  
Emissions Trading ◽  
Emissions Reduction ◽  
Carbon Markets ◽  
Trading System ◽  
Intergovernmental Panel ◽  
Content Type ◽  
Eu Emissions Trading System ◽  
Emissions Trading System ◽  
The Eu

Subject Carbon markets. Significance Prices for carbon allowances in the EU Emissions Trading System (ETS) have risen this year, reviving interest in carbon markets as a means of combatting climate change. With a report from the UN Intergovernmental Panel on Climate Change (IPCC) last month calling for drastic action to slash emissions by 2030, that interest could rise further. Impacts Some 88 countries are considering carbon pricing to meet emissions reduction commitments. Growing interest in ETS may trigger a revival of fraudulent schemes around the carbon market. Renewed concerns over higher carbon allowance prices will make it harder to agree reduction targets.

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