Do You Consider That Emissions Trading Provides a Viable Means of Achieving Reductions in Greenhouse Gases?

Do You Consider That Emissions Trading Provides a Viable Means of Achieving Reductions in Greenhouse Gases?
Author: Veronika Minkova
Publisher: GRIN Verlag
Total Pages: 33
Release: 2011-10
Genre: Law
ISBN: 3656016666

Essay from the year 2011 in the subject Law - European and International Law, Intellectual Properties, grade: 1,7, University of Reading, language: English, abstract: Directive 2003/87/EC established a scheme for greenhouse gas (GHG) emission allowance trading within the Community which is in compliance with the overall commitment entered into by the European Community and its Member States under the Kyoto Protocol. It aims at reducing total emissions of GHG by at least 5% of the level of emissions in 1990, during the period 2008-12. The EU Emissions Trading Scheme (EU ETS) is based on the recognition that creating a price for carbon emissions is the most cost-effective way to achieve the deep reductions in global GHG emissions that are needed to prevent climate change from reaching dangerous levels. The first section of the present essay outlines the problem of climate change and how the international legal framework addresses it. In the second section, the cap-and-trade system is discussed as a flexible mechanism for climate protection. The next section identifies three theoretic models of the ETS: Economic Efficiency, Private Property Rights and Command-and-Control models. The fifth section outlines the EU ETS and discusses its main components. Finally, in the last section a critical analysis of the EU ETS is presented in terms of three main criticisms: target achievement, perverse incentives and economization of an ecological problem.

Do you consider that emissions trading provides a viable means of achieving reductions in greenhouse gases?

Do you consider that emissions trading provides a viable means of achieving reductions in greenhouse gases?
Author: Veronika Minkova
Publisher: GRIN Verlag
Total Pages: 14
Release: 2011-09-28
Genre: Law
ISBN: 3656016526

Essay from the year 2011 in the subject Law - European and International Law, Intellectual Properties, grade: 1,7, University of Reading, language: English, abstract: Directive 2003/87/EC established a scheme for greenhouse gas (GHG) emission allowance trading within the Community which is in compliance with the overall commitment entered into by the European Community and its Member States under the Kyoto Protocol. It aims at reducing total emissions of GHG by at least 5% of the level of emissions in 1990, during the period 2008-12. The EU Emissions Trading Scheme (EU ETS) is based on the recognition that creating a price for carbon emissions is the most cost-effective way to achieve the deep reductions in global GHG emissions that are needed to prevent climate change from reaching dangerous levels. The first section of the present essay outlines the problem of climate change and how the international legal framework addresses it. In the second section, the cap-and-trade system is discussed as a flexible mechanism for climate protection. The next section identifies three theoretic models of the ETS: Economic Efficiency, Private Property Rights and Command-and-Control models. The fifth section outlines the EU ETS and discusses its main components. Finally, in the last section a critical analysis of the EU ETS is presented in terms of three main criticisms: target achievement, perverse incentives and economization of an ecological problem.

The Greenhouse Gas Protocol

The Greenhouse Gas Protocol
Author:
Publisher: World Business Pub.
Total Pages: 0
Release: 2004
Genre: Business enterprises
ISBN: 9781569735688

The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions.

European Emissions Trading in Practice

European Emissions Trading in Practice
Author: Stefano Clò
Publisher: Edward Elgar Publishing
Total Pages: 201
Release: 2011
Genre: Business & Economics
ISBN: 0857934430

'Emission markets are crucial both to provide the right incentives to reduce GHG emissions and to fund investments necessary for a transition to a low carbon world. Emission markets however cannot achieve these objectives if inappropriately designed. This book is a novel and fresh attempt to look at the real functioning of the EU Emission Trading Scheme and to assess its effectiveness and inconsistencies, its positive and negative impacts on industrial and financial markets. With the overall objective to improve its design and performance.' Carlo Carraro, University of Venice, Italy '. . . this important book has the great achievement of addressing a complicated and socially highly debated issue of how society could be given optimal incentives for emission reductions from a legal and economic perspective. Moreover, it not only addresses the various issues from a theoretical perspective, but provides important empirical evidence on the working of emissions trading as well. The book will undoubtedly have important lessons not only at the theoretical level, but also for policy makers interested in improving the effectiveness of emission trading schemes.' From the foreword by Michael Faure This unique and up-to-date book analyses the functioning of the European Emissions Trading Scheme (ETS) and assesses the extent to which relevant legislation has affected its capacity to promote cost-effective reduction of European carbon emissions. The author investigates whether inefficiency has been caused by both the ETS cap setting procedure and by the ETS relevant allocation rule, as defined by Directive 2003/87/EC. He then considers whether the new Directive 2009/29/EC, which reforms the ETS institutional design, is likely to improve the scheme's effectiveness by reducing the risk of carbon leakage which could potentially be a consequence of implementing a unilateral policy across the asymmetric political landscape of Europe. This well-documented book will appeal to researchers and postgraduate students in environmental law and environmental economics, as well as policymakers within environment, industry and economics, and electric and industrial operators and stakeholders. Environmental NGOs, energy and environmental consulting groups, members of the European Commission, and energy and environmental think-tanks will also find much to interest them in this insightful book.

Emissions Trading for Climate Policy

Emissions Trading for Climate Policy
Author: Bernd Hansjürgens
Publisher: Cambridge University Press
Total Pages: 261
Release: 2005-07-28
Genre: Business & Economics
ISBN: 1139446371

The 1997 Kyoto Conference introduced emissions trading as a policy instrument for climate protection. Bringing together scholars in the fields of economics, political science and law, this book, which was originally published in 2005, provides a description, analysis and evaluation of different aspects of emissions trading as an instrument to control greenhouse gases. The authors analyse theoretical aspects of regulatory instruments for climate policy, provide an overview of US experience with market-based instruments, draw lessons from trading schemes for the control of greenhouse gases, and discuss options for emissions trading in climate policy. They also highlight the background of climate policy and instrument choice in the US and Europe and the foundation of systems in Europe, particularly the EU's directive for a CO2 emissions trading system.

Climate Change and European Emissions Trading

Climate Change and European Emissions Trading
Author: Michael G. Faure
Publisher: Edward Elgar Publishing
Total Pages: 425
Release: 2008
Genre: Business & Economics
ISBN: 1848446039

A collection of twelve superbly written contributions by leading researchers and scientists on greenhouse gas emissions trading by members of the European Union, as well as alternatives and new developments in this specialized area of global warming and reduction related commercial exchange. . . a seminal and strongly recommended work of particular relevance and value for both academic and governmental reference library collections on international environmental studies. Midwest Book Review This timely book focuses on the EU-wide greenhouse gas emissions trading scheme for major sources. It combines legal and economic approaches and reviews the major revision of this scheme. A distinguished range of authors assess the experiences thus far and also consider future development from both theoretical and practical perspectives. They also discuss many design options, including auctioning, credit and trade, the inclusion of aviation emissions, and linking possibilities. Moreover, attention is paid to the role of legal principles, the role of case law, and to aspects of democratic accountability within an emissions trading scheme. Ways to avoid carbon leakage and the role of national climate policies are also discussed. This book makes clear that the economic efficiency and effectiveness of an emissions trading scheme depend to a large extent on the specific legislative choices, and hence the legislative design of such a scheme deserves meticulous attention. Discussing legal and economic aspects of emissions trading, this book offers new insights to academics and policy makers both in the public and private sector. Those insights are not only relevant for understanding the past, but moreover for guiding the future design of emissions trading for greenhouse gases.

Climate Change Policy Failures

Climate Change Policy Failures
Author: Howard A. Latin
Publisher: World Scientific
Total Pages: 268
Release: 2012
Genre: Nature
ISBN: 9814355658

At the recent UN Climate Change Conferences in Copenhagen, Cancun and Durban, the developed nations promised hundreds of billions of dollars in financial aid to help developing countries overcome global climate change dangers. The developed nations will need to spend many more billions to limit their own greenhouse gas pollution, the main cause of global warming and climate change. Will all this money and effort be wasted? This book argues that nearly all of the world''s climate policy makers and expert advisors have been making tragic mistakes that ensure the failures of climate change mitigation attempts.The great majority of climate change programs, from American congressional bills to cap-and-trade economic incentive schemes to the Kyoto Protocol and other international treaties, rely on greenhouse gas emissions-reduction targets that will prove OC too little, too lateOCO by deferring strict pollution controls too far into the future. The inadequate emissions-reduction measures also will not be able to bridge the gap between the highest priorities of developed and developing nations. Vast discharges of greenhouse gases authorized by weak emissions-reduction programs in the next several decades virtually guarantee that the cumulative concentration of greenhouse gases in the atmosphere will keep increasing while climate change continues to grow worse.Rather than adopting ineffectual emissions-reduction programs that cannot limit the cumulative concentration of greenhouse gases in the air, this book proposes a shift to a OC cleanOCO technology-replacement strategy that could support current lifestyles and expanding economic development without further damaging our climate. The only way to reduce the greenhouse gas levels in the atmosphere enough to decrease climate change hazards is to replace large pollution sources as rapidly as feasible in as many industrial sectors and geographic regions as possible with OC cleanOCO alternative technologies, processes, and methods.

Environmental Commodities Markets and Emissions Trading

Environmental Commodities Markets and Emissions Trading
Author: Blas Luis Pérez Henríquez
Publisher: Routledge
Total Pages: 298
Release: 2013-03-05
Genre: Nature
ISBN: 113652178X

Market-based solutions to environmental problems offer great promise, but require complex public policies that take into account the many institutional factors necessary for the market to work and that guard against the social forces that can derail good public policies. Using insights about markets from the new institutional economics, this book sheds light on the institutional history of the emissions trading concept as it has evolved across different contexts. It makes accessible the policy design and practical implementation aspects of a key tool for fighting climate change: emissions trading systems (ETS) for environmental control. Blas Luis Pérez Henríquez analyzes past market-based environmental programs to extract lessons for the future of ETS. He follows the development of the emissions trading concept as it evolved in the United States and was later applied in the multinational European Emissions Trading System and in sub-national programs in the United States such as the Regional Greenhouse Gas Initiative (RGGI) and California’s ETS. This ex-post evaluation of an ETS as it evolves in real time in the real world provides a valuable supplement to what is already known from theoretical arguments and simulation studies about the advantages and disadvantages of the market strategy. Political cycles and political debate over the use of markets for environmental control make any form of climate policy extremely contentious. Pérez Henríquez argues that, despite ideological disagreements, the ETS approach, or, more popularly, 'cap-and-trade' policy design, remains the best hope for a cost-effective policy to reduce GHG emissions around the world.

An Emerging Market for the Environment

An Emerging Market for the Environment
Author: Erik F. Haites
Publisher: UNEP/Earthprint
Total Pages: 44
Release: 2002
Genre: Air
ISBN: 8755031501

Since its inclusion in the Kyoto Protocol, as one of three market-based mechanisms to reduce greenhouse gas emissions, an international emissions trading system has attracted widespread interest. This guide provides information for the non-specialist on the concept of emissions trading, including a simple theoretical model of an emissions trading system, with an emphasis on its economic advantages in comparison to more conventional forms of regulation. It also explores different system designs and their environmental aims, examples of existing systems with their performance to date, and how future systems may develop.

A Methodology and a Mathematical Model for Reducing Greenhouse Gas Emissions Through the Suppply Chain Redesign

A Methodology and a Mathematical Model for Reducing Greenhouse Gas Emissions Through the Suppply Chain Redesign
Author: Carola Pinto Taborga
Publisher:
Total Pages: 200
Release: 2018
Genre:
ISBN:

Virtually the entire scientific, political, business, and social community is aware of the importance of climate change. Countries adhering to the Kyoto Protocol have taken up the challenge of reducing carbon emission, implementing national policies that include the introduction of carbon emissions trading programs, voluntary programs, taxes on carbon emissions and energy efficiency standards. In this context, the business world must be able to generate a carbon reduction strategy to ensure long-term success, considering also that customers (and investors) are ever more interested in the well-being of the environment, and increasingly demand their suppliers to be eco-friendly. This thesis has addressed the problem of designing (or redesigning) the supply chain to reduce carbon emission in an economically viable and, as far as possible, optimal way. The thesis addresses the problem by designing a complete and formalized methodology, which also includes a mathematical model to determine the best decisions to take. The research begins, as usual, with a review of the basic terminology, standards and the scientific literature related to the topic. From the review of the literature, it has been concluded that, although there are authors who propose models related to the design of the supply chain including carbon reduction, there is a lack of formalized methodologies that can be applied to real cases . The methodology consists of 4 stages: 1) The creation of a corporate carbon strategy; 2) The alignment with strategic financial planning; 3) The development of a mathematical model; and 4) The implementation and tracking. In the first stage a six-step guide is developed to create a corporate carbon strategy. The steps are: 1) Determine the type of emission; 2) Boundaries definition; 3) Planning and performance information; 4) ldentify carbon reduction opportunities; 5) Determine carbon reduction goals; 6) Participating in programs and carbon markets . In the second stage, the corporate carbon strategy is evaluated from a financial point of view and integrated into the strategic planning. In the third stage, a Mixed lnteger Linear Programming (MILP) model is proposed to obtain a plan for the supply chain redesign, so that: 1) the carbon reduction targets are achieved; 2) the strategic financial plan is taken into account; 3) all the real possibilities are contemplated to redesign the supply chain; and 4) a solution is achieved to optimize the economic results of the company. The carbon reduction methodology , including the mathematical model, has been applied to three case studies that are useful for adjusting sorne elements and for its validation . The first case study corresponds to a company that operates in the Home and Personal Care sector in Brazil, where the system of taxes is more complex than in other countries and illustrates how the mathematical model can be adapted to any context. The second case study deals with a multinational company which operates in the Foods sector in Spain and requires a redesign of the supply chain to improve its product cost. Finally, the third case used a company in the U.S. to show the effect of the scope definition on the carbon strategy. In the three cases, the solution of the mathematical model maximizes the net profit, whilst the carbon reduction target is achieved. Therefore, the carbon reduction methodology is useful for achieving economic and environmental benefits, as well as providing benefits related to the improvement of the corporate image, strengthening of brands and avoiding possible carbon taxes risks. In conclusion, the carbon reduction methodology proposed in this thesis, was developed to support companies that want to generate a competitive advantage and a sustainable development. In addition, it was designed to be flexible enough to adapt to the needs of each business and facilitate its execution in the business world.