Anatomy of emissions trading systems

2021 ◽  
pp. 31-47
Author(s):  
Aviel Verbruggen
Keyword(s):  
Emissions Trading ◽  
Trading Systems

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 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.

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.

Prospects for biological carbon sinks in greenhouse gas emissions trading systems.

2009 ◽  
pp. 115-142 ◽  
Author(s):  
J. Reilly ◽  
B. Felzer ◽  
D. Kicklighter ◽  
J. Melillo ◽  
H. Q. Tian ◽  
...  
Keyword(s):  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Emissions Trading ◽  
Carbon Sinks ◽  
Gas Emissions ◽  
Trading Systems

Emissions trading systems and social equity: A CGE assessment for China

2019 ◽  
Vol 235 ◽  
pp. 1254-1265 ◽  
Author(s):  
Hai Huang ◽  
David Roland-Holst ◽  
Cecilia Springer ◽  
Jiang Lin ◽  
Wenjia Cai ◽  
...  
Keyword(s):  
Emissions Trading ◽  
Social Equity ◽  
Trading Systems

The Design and Implementation of Greenhouse Gas Emissions Trading

2016 ◽  
Author(s):  
Harro van Asselt
Keyword(s):  
United States ◽  
Sulfur Dioxide ◽  
Large Scale ◽  
Emissions Trading ◽  
The United States ◽  
Trading Systems ◽  
Sulfur Dioxide Emissions ◽  
Design And Implementation ◽  
Clean Air ◽  
Trading Scheme

This chapter offers a cross-jurisdictional analysis of the design and implementation of mandatory emissions trading schemes. It traces the beginning of emissions trading schemes from the sulfur dioxide emissions trading scheme in the United States, which was implemented through the Clean Air Act Amendments of 1990. After initial experiments at a local and regional level, the United States launched the first large-scale, countrywide trading system. This program sought to address the acid rain problem by creating a trading regime for sulfur dioxide emissions. This was the birthplace of large-scale emissions trading systems and from this point onwards, emissions trading schemes began to spread across jurisdictions. The chapter describes how the EU’s speedy adoption of an emissions trading directive in 2003 could be seen as an instance of horizontal borrowing from the United States, spurred by the simple need to keep the costs of reducing emissions down.

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