scholarly journals Optimal Replacement, Retrofit, And Management Of A Fleet Of Assets Under Regulations Of An Emissions Trading System

2021 ◽  
Author(s):  
Amir Rajabian
Keyword(s):  
Greenhouse Gas ◽  
Emissions Trading ◽  
Ghg Emissions ◽  
Economic Costs ◽  
Cap And Trade ◽  
Trading System ◽  
Optimal Replacement ◽  
Parallel Replacement ◽  
Emissions Trading System

This thesis presents the development of a model for parallel replacement and improvement for a fleet of assets to minimize both the economic costs and greenhouse gas (GHG) emissions where the emissions are limited by cap-and-trade. The firm which owns the assets has the options of using the assets, putting them in inventory, improving them, or salvaging them. Different technological types and their performances have been considered for assets. The firm has the option of purchasing new assets from varying technologies and/or improving its existing assets to a higher-performance type. Moreover, the model considers the possibility of both banking the emission allowances and trading them in the market. The model was later used with data of a fleet of excavators in Ontario, Canada. The use of this model could help emitter firms to simultaneously manage the emissions and costs of their fleet of assets in a jurisdiction regulated by cap-and-trade.

scholarly journals Optimal Replacement, Retrofit, And Management Of A Fleet Of Assets Under Regulations Of An Emissions Trading System

2021 ◽  
Author(s):  
Amir Rajabian
Keyword(s):  
Greenhouse Gas ◽  
Emissions Trading ◽  
Ghg Emissions ◽  
Economic Costs ◽  
Cap And Trade ◽  
Trading System ◽  
Optimal Replacement ◽  
Parallel Replacement ◽  
Emissions Trading System

This thesis presents the development of a model for parallel replacement and improvement for a fleet of assets to minimize both the economic costs and greenhouse gas (GHG) emissions where the emissions are limited by cap-and-trade. The firm which owns the assets has the options of using the assets, putting them in inventory, improving them, or salvaging them. Different technological types and their performances have been considered for assets. The firm has the option of purchasing new assets from varying technologies and/or improving its existing assets to a higher-performance type. Moreover, the model considers the possibility of both banking the emission allowances and trading them in the market. The model was later used with data of a fleet of excavators in Ontario, Canada. The use of this model could help emitter firms to simultaneously manage the emissions and costs of their fleet of assets in a jurisdiction regulated by cap-and-trade.

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.

scholarly journals How to Allocate the Allowance for the Aviation Industry in China’s Emissions Trading System

2019 ◽  
Vol 11 (9) ◽  
pp. 2541
Author(s):  
Bao-Jun Tang ◽  
Yu-Jie Hu
Keyword(s):  
Emissions Trading ◽  
Ghg Emissions ◽  
Civil Aviation ◽  
Aviation Industry ◽  
Trading System ◽  
The Difference ◽  
Combat Climate Change ◽  
The Cost ◽  
And Control ◽  
Emissions Trading System

In order to combat climate change and control emissions in the aviation industry, it is necessary to research the aviation industry’s potential application of China’s Emissions Trading System (ETS), especially the carbon allowance allocation (CAA). On the basis of historical and benchmarking CAA schemes, considering the responsibility, capacity, and potential of firms, this study proposes the indicators CAA (ICAA) scheme. Moreover, considering firms’ costs, this study also proposes a multi-objective CAA (MCAA) scheme. Finally, the most effective scheme is reported. Results show that under ICAA and MCAA, caps are lower and basically consistent with the emissions reduction target of the “13th Five-Year Plan Work Program for Controlling GHG Emissions of Civil Aviation in China” and international goals. Different types of airlines gain different quotas according to their income and the number and age of their aircraft. The cost of reducing emissions in each scheme is less than 0.35% of their total costs. Under the ICAA-S, ICAA-P, and MCAA schemes, airlines can achieve a reduction in emissions of 19.7%, 20.9%, and 19.6%, respectively. Moreover, under MCAA, the difference in quotas between airlines is smaller. Therefore, of the schemes evaluated, MCAA is the most effective.

A Framework for Assessing the Performance of Cap-and-Trade Systems: Insights from the European Union Emissions Trading System

2018 ◽  
Vol 12 (2) ◽  
pp. 220-241 ◽  
Author(s):  
Sabine Fuss ◽  
Christian Flachsland ◽  
Nicolas Koch ◽  
Ulrike Kornek ◽  
Brigitte Knopf ◽  
...  
Keyword(s):  
European Union ◽  
Emissions Trading ◽  
The European Union ◽  
Cap And Trade ◽  
Trading System ◽  
Emissions Trading System

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.

German carbon dividend drive will inspire more nations

2021 ◽  
Keyword(s):  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Emissions Trading ◽  
Coalition Government ◽  
Trading System ◽  
Gas Emissions ◽  
Content Type ◽  
The Past ◽  
Carbon Prices ◽  
Emissions Trading System

Significance With the advent of China’s national emissions trading system in the past year, carbon prices now cover more than one-fifth of global greenhouse gas emissions. Yet doubts remain over whether they are high enough to force decarbonisation. Impacts Higher carbon prices will be more effective in curbing emissions than the relatively low prices that have prevailed in the past. Germany’s new coalition government will include the Greens and Free Democrats, parties committed to carbon dividends and carbon pricing. The successful rollout of this policy in Germany could serve as a model for Europe and beyond.

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