SECTORAL TARGETS TO ADDRESS COMPETITIVENESS — A CGE ANALYSIS WITH FOCUS ON THE GLOBAL STEEL SECTOR

2019 ◽  
Vol 10 (01) ◽  
pp. 1950001 ◽  
Author(s):  
VICKI DUSCHA ◽  
EVERETT B. PETERSON ◽  
JOACHIM SCHLEICH ◽  
KATJA SCHUMACHER
Keyword(s):  
Emissions Trading ◽  
Fossil Fuel ◽  
Steel Production ◽  
International Agreement ◽  
Trading Systems ◽  
Scrap Recycling ◽  
Steel Sector ◽  
Policy Simulations ◽  
Paris Climate Agreement

In the wake of the Paris Climate Agreement, countries may employ sectoral approaches. These allow for efficiency gains while at the same time addressing the concerns of competitiveness and carbon leakage. Applying a multi-country, multi-sector dynamic CGE model, this paper explores the role of sector emission targets for the steel sector in an international agreement, their interaction with emissions trading systems, and to which extent sector targets may address competitiveness concerns. To better reflect technological realities, the steel sector is disaggregated into its two main industries: primary fossil fuel-based steel production (BOF) and secondary scrap recycling steel production (EAF). The policy simulations suggest that sectoral targets may effectively counter the (negative) output and competitiveness effects of differences in the stringency of climate policy across countries. BOF steel contributes significantly more to emission reductions than EAF steel. Moreover, the output effects of BOF and EAF are of opposite signs.

scholarly journals Principles of Kyoto and Emissions Trading Systems: A Primer for Energy Lawyers

2020 ◽  
Author(s):  
Brian Evans
Keyword(s):  
Climate Change ◽  
Kyoto Protocol ◽  
Emissions Trading ◽  
Policy Instruments ◽  
Trading Systems ◽  
Policy Responses ◽  
Legislative Authority ◽  
Depth Analysis ◽  
Potential Impact

The Kyoto Protocol defines new emissions standards to be met by the international community in respect of greenhouse gases, the aim of which is to curb the present trend of adverse climate change. The specific responses of ratifying governments to bring about the desired changes will significantly impact citizenry and industry alike. This article addresses the issues surrounding emissions trading systems as market-based policy instruments that may ultimately contribute to Canada s legislative response to the Kyoto standards. Central to this question is the need to familiarize legal practitioners with the implications of climate change and the range of policy responses available to government in the context of emissions trading systems. The author examines responses open to the governments of Canada and Alberta through a review of the international reaction to climate change, the role of emissions trading in environmental regulation generally and the anticipated use of emissions trading to comply with the Kyoto Protocol in the future. The author presents an in-depth analysis of the principles underlying the design of domestic emissions trading systems, of the legislative authority surrounding their implementation and of the need for affected businesses to strategically plan for ensuing changes. The author concludes that while Canada has not yet adopted a policy on domestic emissions trading systems in respect of the Kyoto Protocol, the potential impact of emission standards on domestic sources is pronounced, meriting an inspection of the design features that may form a pan of such trading schemes.

scholarly journals Policy Brief—Achieving Paris Climate Agreement Pledges: Alternative Designs for Linking Emissions Trading Systems

2018 ◽  
Vol 12 (1) ◽  
pp. 170-182 ◽  
Author(s):  
Adam Rose ◽  
Dan Wei ◽  
Noah Miller ◽  
Toon Vandyck ◽  
Christian Flachsland
Keyword(s):  
Emissions Trading ◽  
Trading Systems ◽  
Paris Climate Agreement ◽  
Alternative Designs

scholarly journals A room with a view: a special issue with a special perspective

2021 ◽  
Vol 26 (3) ◽  
pp. 205-210
Author(s):  
Simone Borghesi
Keyword(s):  
Climate Change ◽  
Developing Countries ◽  
Climate Policy ◽  
Present Article ◽  
Emerging Economies ◽  
Emissions Trading ◽  
Developed Countries ◽  
Special Issue ◽  
Climate Policies

AbstractThe present article describes the main insights deriving from the papers collected in this special issue which jointly provide a ‘room with a view’ on some of the most relevant issues in climate policy such as: the role of uncertainty, the distributional implications of climate change, the drivers and applications of decarbonizing innovation, the role of emissions trading and its interactions with companion policies. While looking at different issues and from different angles, all papers share a similar attention to policy aspects and implications, especially in developing countries. This is particularly important to evaluate whether and to what extent the climate policies adopted thus far in developed countries can be replicated in emerging economies.

U.S. Emissions Trading and what it can teach us for a Post-Kyoto World

2021 ◽  
Author(s):  
Fabian Krause
Keyword(s):  
International Law ◽  
Emissions Trading ◽  
Basic Research ◽  
Point Of View ◽  
The European Union ◽  
Trade Data ◽  
Trading Systems ◽  
Republic Of China ◽  
Economic Fundamentals ◽  
The Usa

Major CO2 emitters such as individual states of the USA, the People's Republic of China and the European Union continue to rely on emissions trading systems to reduce CO2 emissions. Against this background, this thesis examines four emissions trading systems in the USA. For this purpose, the legal and economic fundamentals of emissions trading are presented in detail. Subsequently, emissions trading systems are analyzed from an economic as well as a legal point of view based on criteria defined for this purpose and the results are embedded in the context of national and international law. For this purpose, the author conducts extensive basic research by processing the available emissions and trade data.

scholarly journals A short history of ocean acidification science in the 20th century: a chemist's view

2013 ◽  
Vol 10 (11) ◽  
pp. 7411-7422 ◽  
Author(s):  
P. G. Brewer
Keyword(s):  
Ocean Acidification ◽  
20Th Century ◽  
Fossil Fuel ◽  
Trade Offs ◽  
History Of ◽  
Chemical Knowledge ◽  
The Creation ◽  
Ph Scale ◽  
The Impact

Abstract. This review covers the development of ocean acidification science, with an emphasis on the creation of ocean chemical knowledge, through the course of the 20th century. This begins with the creation of the pH scale by Sørensen in 1909 and ends with the widespread knowledge of the impact of the "High CO2 Ocean" by then well underway as the trajectory along the IPCC scenario pathways continues. By mid-century the massive role of the ocean in absorbing fossil fuel CO2 was known to specialists, but not appreciated by the greater scientific community. By the end of the century the trade-offs between the beneficial role of the ocean in absorbing some 90% of all heat created, and the accumulation of some 50% of all fossil fuel CO2 emitted, and the impacts on marine life were becoming more clear. This paper documents the evolution of knowledge throughout this period.

scholarly journals Role of sustainomics and external climate forcing mechanism in biodiversity extinction : An overview

2019 ◽  
Vol 11 (1) ◽  
pp. 223-226
Author(s):  
Neerja Upadhyaya ◽  
Ruchi Jain ◽  
R. Upadhyaya
Keyword(s):  
Climate Change ◽  
Fossil Fuel ◽  
Wide Distribution ◽  
Complex Problem ◽  
Climate Forcing ◽  
Sensitive Issue ◽  
The Government ◽  
Social Scientific ◽  
Living Organisms

Over millions of years, physiology and anatomy of the living organisms has been changed due to internal climate forcing mechanism. This has influenced the world wide distribution of species. External climate forcing mechanism has caused rapid rise in earth’s temperature and it is expected to rise by 2-4 °C by the end of the century. It has now been recognised as the most complex problem of present scenario and being concerned in almost every field of science. Climate change is the most sensitive issue which is a challenge not only for the government and society but also for each individual. In the present communication impact of external climate forcing mechanism on biodiversity and its extinction is being analysed and role of sustainomics for the same is overviewed. Studies reveal that the rate of speciation of flora and fauna is not in the accordance with the rate of externally enforced climate change. Thus, the increased rate of climate change has caused catastrophic mass extinction threat for plants, animals and insects in the anthrapocene era. The pattern of extinction and threatened species are not yet known. Various solutions for the problem have been suggested by the multidisciplinary researches, rooted by the sustainomics. These suggestions include to diverge from fossil fuel, to use renewables, to make and apply rules for 3Rs etc. Only cooperative involvement of social, scientific and industrial bodies may resolve the problem.

scholarly journals Canadian Challenges in Implementing the Kyoto Protocol: A Cause for Harmonization

2020 ◽  
Author(s):  
Elisabeth DeMarco ◽  
Robert Routliffe ◽  
Heather Landymore
Keyword(s):  
Kyoto Protocol ◽  
Emissions Trading ◽  
Legal Issues ◽  
Current Status ◽  
Trading System ◽  
Trading Systems ◽  
Legal Context ◽  
Ghg Reduction ◽  
The Impact ◽  
Emissions Trading System

On 17 December 2002, Canada ratified the Kyoto Protocol to the United Nations Framework Convention on Climate Change (Kyoto Protocol), taking on binding targets to reduce Canadian emissions of greenhouse gases (GHGs). Canada's ratification decision and the proposed domestic emissions trading system forming part of Canada's Kyoto implementation plan continue to be the source of considerable disagreement and conflict between the provinces and thefederal government regarding: the practical challenges associated with multiple Canadian jurisdictions implementing emissions trading systems: the current status and legal issues associated with covenants between industry and government(s) to enforce GHG reduction targets; the legal jurisdiction over domestic emissions trading system(s); and the impact on interprovincial and international trade. Each ofthese issues is examined in the unique Canadian legal context. The authors conclude that many ofthe most significant challenges may be mitigated through harmonization and coordination byfederal and provincial governments in a manner that allows for local concerns to be addressed without fragmenting the Canadian emissions markets.

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