Different Segments of the Global Carbon Market

Different Segments of the Global Carbon Market
Author: Fatemeh (Marjan) Nazifi
Publisher: LAP Lambert Academic Publishing
Total Pages: 80
Release: 2012
Genre: Carbon taxes
ISBN: 9783847326946

This study presents the historical background and details of the Kyoto Protocol, its flexible mechanisms, and carbon markets. As the carbon market appears to be the most visible result of regulatory efforts to mitigate climate change, this study provides comprehensive reviews of the operation of the European Union Emissions Trading Scheme (EU ETS), the Clean Development Mechanism, the Joint Implementation and also other segments of the global carbon market. It appears that the existing several carbon markets mostly operate in isolation from each other, which leads to a fragmented global carbon market. This analysis suggests that improving the competitive conditions of carbon markets and increasing the substitutability of project-based credits for allowances can develop the integration of the markets. Potential improvements may include providing greater availability of credits within the EU ETS, providing greater clarity and simplicity of the EU ETS's rules regarding the use and the import of project-based credits, providing greater coordination between the EU ETS and the Kyoto mechanisms, and providing greater harmonization in regulatory frameworks.

Carbon Markets in a Climate-Changing Capitalism

Carbon Markets in a Climate-Changing Capitalism
Author: Gareth Bryant
Publisher: Cambridge University Press
Total Pages: 195
Release: 2019-02-21
Genre: Political Science
ISBN: 1108386229

The promise of harnessing market forces to combat climate change has been unsettled by low carbon prices, financial losses, and ongoing controversies in global carbon markets. And yet governments around the world remain committed to market-based solutions to bring down greenhouse gas emissions. This book discusses what went wrong with the marketisation of climate change and what this means for the future of action on climate change. The book explores the co-production of capitalism and climate change by developing new understandings of relationships between the appropriation, commodification and capitalisation of nature. The book reveals contradictions in carbon markets for addressing climate change as a socio-ecological, economic and political crisis, and points towards more targeted and democratic policies to combat climate change. This book will appeal to students, researchers, policy makers and campaigners who are interested in climate change and climate policy, and the political economy of capitalism and the environment.

Carbon Markets

Carbon Markets
Author: Arnaud Brohé
Publisher: Routledge
Total Pages: 336
Release: 2012-05-16
Genre: Business & Economics
ISBN: 1136570233

Winner of the Choice Outstanding Academic Titles of 2010 award. This book is a comprehensive and accessible guide to understanding the opportunities offered by regulated and voluntary carbon markets for tackling climate change. Coverage includes: - An overview of the problem of climate change, with a concise review of the most recent scientific evidence in different fields - A highly accessible introduction to the economic theory and different constitutive elements of a carbon allowances market - Explanation of the Kyoto Protocol and its flexibility mechanisms - Explanation of how the EU Emissions Trading Scheme works in practice - Ongoing developments in regulated carbon markets in the US - Up-to-the-minute coverage of regulated carbon markets in Australia - Developments in New Zealand and Japan - Carbon offsetting and voluntary carbon markets. Combining theoretical aspects with practical applications, this book is for business leaders, financiers, carbon traders, lawyers, bankers, researchers, policy makers and anyone interested in market mechanisms to mitigate climate change. The carbon emissions resulting from the production of this book have been calculated, reduced and offset to render the bookcarbon neutral. Published with CO2 Neutral

Demand in a Fragmented Global Carbon Market

Demand in a Fragmented Global Carbon Market
Author: Sampo Seppänen
Publisher: Nordic Council of Ministers
Total Pages: 103
Release: 2013-03-06
Genre: Business & Economics
ISBN: 928932533X

The global carbon market currently faces a deep demand crisis. The consequent price fall reduces the incentive to make low-carbon investments and thus increases the risk of locking in carbon-intensive infrastructure. The global carbon market relies on ambitious climate policy and consists of a mosaic of different schemes. Despite the current lack of ambitious global climate policy, various market-based approaches are emerging around the world, indicating increasing scope and fragmentation of the carbon markets. This report, conducted by GreenStream together with Climate Focus, analyses the status and outlook of global carbon markets and identifies measures and circumstances how new demand for carbon credits could be created to strengthen global efforts to limit the global average temperature rise to 2êC, taking into account the trend towards fragmentation of carbon markets.

Global Carbon Pricing

Global Carbon Pricing
Author: Peter Cramton
Publisher: MIT Press
Total Pages: 270
Release: 2017-06-16
Genre: Business & Economics
ISBN: 0262340399

Why the traditional “pledge and review” climate agreements have failed, and how carbon pricing, based on trust and reciprocity, could succeed. After twenty-five years of failure, climate negotiations continue to use a “pledge and review” approach: countries pledge (almost anything), subject to (unenforced) review. This approach ignores everything we know about human cooperation. In this book, leading economists describe an alternate model for climate agreements, drawing on the work of the late Nobel laureate Elinor Ostrom and others. They show that a “common commitment” scheme is more effective than an “individual commitment” scheme; the latter depends on altruism while the former involves reciprocity (“we will if you will”). The contributors propose that global carbon pricing is the best candidate for a reciprocal common commitment in climate negotiations. Each country would commit to placing charges on carbon emissions sufficient to match an agreed global price formula. The contributors show that carbon pricing would facilitate negotiations and enforcement, improve efficiency and flexibility, and make other climate policies more effective. Additionally, they analyze the failings of the 2015 Paris climate conference. Contributors Richard N. Cooper, Peter Cramton, Ottmar Edenhofer, Christian Gollier, Éloi Laurent, David JC MacKay, William Nordhaus, Axel Ockenfels, Joseph E. Stiglitz, Steven Stoft, Jean Tirole, Martin L. Weitzman

Voluntary Carbon Markets

Voluntary Carbon Markets
Author: Ricardo Bayon
Publisher: Earthscan
Total Pages: 185
Release: 2012
Genre: Business & Economics
ISBN: 1849773734

The global carbon markets are growing at a staggering rate. The growth prospects for business are enormous and the potential positive impacts for greenhouse gas emission reductions, climate policy options, renewable energy investment, development projects and efficiency gains are increasingly apparent.A unique part of the market in greenhouse gas emissions is the rapidly growing voluntary carbon market driven by companies, organizations and individuals committed to efficiency, profitability and rapid action on climate change.The second edition of this groundbreaking book draws together all the key information on international voluntary carbon markets with commentary from leading practitioners and business people. It covers all aspects of voluntary carbon markets around the world: what they are, how they work and, most critically, their business potential to help slow climate change.This new, fully revised second edition provides key updates on relevant trends, standards, suppliers, and growth in the marketplace, and is the indispensable guide for anyone seeking to understand voluntary carbon markets and capitalize on the opportunities they present for economic and environmental benefit.Second edition updates:* Contains updated data on credit prices, transaction volumes, major industry players, and other quantitative data through 2008, as well as revised analysis reflecting these shifts* Includes explanations of additional offset project type categories, providing prospective buyers and project developers with a more detailed understanding of the suite of offset projects available* Contains revised explanations and analyses by market experts of the key issues affecting the voluntary markets* Provides an updated 'glance into the future' of the voluntary carbon markets, reflecting market and policy trends that emerged through early 2008.

REDD credits in a global carbon market

REDD credits in a global carbon market
Author: Arild Angelsen
Publisher: Nordic Council of Ministers
Total Pages: 105
Release: 2014-09-17
Genre:
ISBN: 9289328002

How can REDD credits be included in a future global carbon market, and what are the impacts of inclusion? We analyze ten different scenarios through 2020, varying the global emission caps and the REDD rules. An inclusion of REDD credits without any adjustments in the global cap will lower carbon prices significantly and cause crowding out. The cap must move towards the 2 degrees climate target if REDD inclusion is to maintain high carbon prices and strong incentives for emissions reductions in other sectors. At the same time, reaching the 2 degree target without full REDD inclusion will increase global mitigation costs by more than 50%.

Demand in a Fragmented Global Carbon Market: Outlook and Policy Options

Demand in a Fragmented Global Carbon Market: Outlook and Policy Options
Author:
Publisher:
Total Pages: 101
Release: 2013
Genre:
ISBN: 9789289329507

Abstract: The global carbon market currently faces a deep demand crisis. The consequent price fall reduces the incentive to make low-carbon investments and thus increases the risk of locking in carbon-intensive infrastructure. The global carbon market relies on ambitious climate policy and consists of a mosaic of different schemes. Despite the current lack of ambitious global climate policy, various market-based approaches are emerging around the world, indicating increasing scope and fragmentation of the carbon markets. This report, conducted by GreenStream together with Climate Focus, analyses the status and outlook of global carbon markets and identifies measures and circumstances how new demand for carbon credits could be created to strengthen global efforts to limit the global average temperature rise to 2°C, taking into account the trend towards fragmentation of carbon markets