|
The objective of the work on emissions trading is to develop a practical implementation framework, or options, for an international greenhouse gas emission trading system. Bookmark this page: www.oecd.org/env/cc/emissiontrading. Link to IEA work on Emissions Trading.
Emissions Trading: Trends and Prospects (Dec 2007)
By Julia Reinaud and Cédric Philibert (IEA)
Emissions trading schemes are developing or being proposed in several regions and countries. This paper provides the latest developments of announced, proposed and existing greenhouse gas emissions trading schemes (ETS) around the world since 2006. It also examines different potential design options for ETS (e.g. coverage, allocation mode, provision for offsets), and how these options are treated in the existing, announced or proposed schemes.
Linking Greenhouse Gas Emission Trading Systems and Markets (Oct 2006)
By Jane Ellis and Dennis Tirpak (OECD)
Several different emission trading schemes (ETS) are currently operating, and a number of other national and sub-national schemes are likely to emerge in the near future. These ETS have different sizes, design characteristics and geographical/sectoral scopes. There are currently only a few links between different emissions trading schemes and markets. However, there are no conceptual reasons why links between emission trading systems and markets cannot be expanded. This paper outlines key characteristics of current and proposed ET schemes and assesses current, or possible pre-2012, links between them.
New Commitment Options: Compatibility with Emissions Trading (Nov 2005)
By Cédric Philibert (IEA)
This paper considers different options for quantitative greenhouse gas emission commitments from the standpoint of their technical compatibility with emissions trading. These are dynamic targets, binding targets with price caps, non-binding targets, sector-wide targets/mechanisms, action targets, allowances and endowments, and long-term permits. This paper considers these options from the standpoint of their compatibility with emissions trading. It does not discuss their other merits and demerits, for example, the effect on greenhouse gas emissions levels.
Linking Project-based Mechanisms with Domestic Greenhouse Gas Emissions Trading Schemes
(June 2004)
By Stephen Bygrave (OECD) and Martina Bosi (IEA)
Project-based mechanisms can represent cost-effective GHG mitigation possibilities, but they are voluntary and only contribute to increasing the supply of credits. They thus need to be linked to another instrument that recognises the project credits towards compliance with a GHG objective - such as an emissions trading scheme. Linking project-based mechanisms and domestic emissions trading schemes is economically desirable as it typically expands coverage of gases and sources, increases compliance options, increases market liquidity and lowers compliance costs of meeting environmental goals. The paper examines how some issues associated with linking GHG emissions trading and project-based mechanisms are being dealt with in the EU's "Linking Directive".
Linking non-EU Domestic Emissions Trading Schemes with the EU Emissions Trading Schemes (June 2004)
By William Blyth and Martina Bosi (IEA)
Linking the domestic emissions trading schemes of different countries or regions can have efficiency benefits as a result of increasing the size and fluidity of the market, so that the same environmental benefits can be gained at a lower overall cost, giving economic benefits to both parties. The paper takes each of the design features of the EU emissions trading scheme, and assesses the implications for countries with schemes of different designs who wish to link to the EU scheme. The paper concludes that it is possible to link schemes with a wide range of design differences, with perhaps only two aspects causing particular difficulties, namely mutual recognition of trading units and the penalty regime.
Emissions Trading: Taking Stock and Looking Forward (June 2004)
By Cédric Philibert and Julia Reinaud (IEA)
Both practical experiences and analyses of tradable permit schemes point to emissions trading as a tool to achieve environmental goals most cost-effectively. It might also be key to long-term environmental efficacy, and equitable repartition of efforts. In future, emissions trading might be the centrepiece of international efforts to mitigate climate change. However, abatement costs are and will remain largely uncertain, and fixed and binding targets thus entail unpredictable costs. This paper discusses options to deal with cost uncertainties.
|
