Policing carbon markets
Carbon markets have emerged in recent decades as one of the most important tools for curbing industrial greenhouse gas emissions, but they present a number of novel enforcement challenges when compared
Carbon markets have emerged in recent decades as one of the most important tools for curbing industrial greenhouse gas emissions, but they present a number of novel enforcement challenges when compared
Carbon trading is now the fastest-growing commodities market on earth. Since 2005, when major greenhouse-gas polluters among the Kyoto signatories were issued caps on their emissions and permitted to buy credits to meet those caps, there have been more than $300 billion worth of carbon transactions.
Suzanne Goldenberg Solar panels costing $58,000 bring a couple modest return as home-owners look to DIY system of emissions trading.
International trade has become one of the pillars of the global economic system; an overlap between climate change policies and the multi-lateral trading system administered by the World Trade Organization (WTO) therefore seems inevitable. International trade affects climate change as it potentially increases economic activity that may in turn lead to increased greenhouse gas emissions.
While the WTO ministerial wound its way through pre-arranged motions, more than 400 experts, politicians, trade delegates, representatives of governmental and non-governmental organisations and academia, as well as the general public, flocked to ICTSD
As the U.S. debates an economy-wide CO2 cap-and-trade policy, the transportation sector remains a significant oil security and climate change concern. Even though the transportation sector consumes the majority of the U.S.
This Article discusses cap setting for a cap-and-trade program, a key problem in pending legislation addressing global climate disruption. While the literature often suggests that trading automatically solves the problems associated with Best Available Technology (BAT) regulation, regulators often use a BAT approach to setting caps for trading programs.
This brief argues that the policy environment on climate change remains very uncertain even with the US Copenhagen Accord. The author describes how the international policy landscape has changed following the 2009 summit on climate change in Copenhagen, and what the Accord means for companies.
Who stands where on the climate front UNITED STATES Rejected (and has singlehandedly sunk) the Kyoto Protocol. Wants India and China also to commit to emission cuts. Will have an emission cap-and-trade# regime. Plans to impose trade barriers against countries without a cap-and-trade system. Willing to cut emission by only 17 per cent by 2020 from 2005 level.
Since the inception of the cap and trade model under the Kyoto Protocol, many environmentalists have argued it will do little to cut emissions, but will instead give companies permission to pollute while generating lucrative trading fees for the banks that trade the government-issued allowances which form the backbone of the scheme.