Emissions Trading

Disruption and Disarray: An analysis of pangolin scale and ivory trafficking, 2015-2024

In 2019, the illegal wildlife trade reached staggering levels. Pangolin scales and ivory were being trafficked in massive quantities from Africa to Asia, exposing a network of crime syndicates operating at an industrial scale. The sheer volume of these shipments marked a disturbing milestone, one that revealed the global reach …

Aviation emissions to be traded

Starting 2012, greenhouse gases from civil aviation will be included in the eu emissions trading scheme, according to a recent agreement by the European Environment Council. The agreement includes all flights between eu countries and those departing or landing in an eu country. The council proposed a cap at the …

CDM on small industries` agenda

If the invitation letter was anything to go by, the organizers of the International Conference on Micro, Small and Medium Enterprises seemed in dead earnest. The card quoted a World Bank report. "India has 4.5 million small and medium enterprises that contribute 40 per cent of the industrial production but …

How to Cash in on a Warming Planet

Set aside, for now, the really complex and costly financial implications of climate change. Ignore the tricky abstractions of carbon trading. Forget the worries over flooded cities and the ins and outs of renewable energy. Instead, consider just a few everyday money-making ideas created by the warming of our planet. …

The endogenous price dynamics of the emission allowances: an application to CO2 option pricing

Market mechanisms are increasingly being considered as a tool for allocating somewhat scarce but unpriced rights and resources, such as air and water. Tradable permits have emerged as the most cost--effective measure leading to the emergence of both nationwide (SO2) and supranational (CO2) emission permits markets. By means of the …

Decarbonizing Japan: a proposal for domestic emissions trading scheme

This report showing how setting up a domestic emissions trading scheme (ETS) could turn Japan into a credible leader in the global fight against climate change and bring massive benefits for the country's flagging economy.

Is the CDM fulfilling its environmental and sustainable development objectives?

This report assesses the contribution of the CDM to meeting its environmental and sustainable development objectives and provides recommendations for improving the mechanism. The report discusses selected areas which are deemed particularly important for achieving its environmental and sustainable development objectives, including: the role and performance of designated operational entities …

Capturing king coal: deploying carbon capture and storage systems in the U.S. at scale

This report aims to evaluate CCS in the context of climate stabilization wedges and the challenges and opportunities linked to its wide scale deployment. This report first examines the technologies that comprise CCS, exploring the state of development of each component technology and how mature the technology is, as well …

Speedway to hell

The one sector which is running amok in terms of growth of emissions is transport. Between 1990 and 2005, the maximum increase in emissions of rich countries was in this sector: 28 per cent. It is virtually wiping out all other gains in emissions reductions. In 2000, transport contributed 14 …

Poland`s emissions quota plea rejected

The European Union's Court of First Instance, the second-highest court in the union, has rejected Poland's request for a temporary suspension of a cut in its co2 emission quota, imposed by the European Commission. Poland had filed a lawsuit against the commission's decision to cut a quota proposed by the …

Emissions trading: trends and prospects

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 …

European carbon quota slashed

It seems that industry in Europe cannot count on the European Commission as far as co2 emissions are concerned. The commission has ruled that in 2008-2012, the next phase of the carbon trading scheme, the industry will have to emit 10 per cent less than what national governments had asked …

Nicholas Stern on politics of climate change

In 2006, Nicholas Stern former chief economist, World Bank and advisor to the UK government, wrote about the economic threat from climate change in the Stern Report. He veers round to an uneasy balance between consumerism and and climate imperatives in a conversation with Pradip Saha and Mario D Souza …

ICAO's clean up measures

The International Civil Aviation Organization recently adopted a programme to counter effects of global warming in the aviation industry. It, however, rejected eu proposals to cut carbon emissions made by the industry. After a 10-day-long meeting, on September 28 in Montreal, Canada, the majority of the delegates at the un …

Time to ditch Kyoto

The Kyoto Protocol is a symbolically important expression of governments' concern about climate change. But as an instrument for achieving emissions reductions, it has failed1. It has produced no demonstrable reductions in emissions or even in anticipated emissions growth. And it pays no more than token attention to the needs …

Growth and CO2 emissions: how do different countries fare?

This report provides comparative data on a number of measures of emissions for a wide range of countries, allowing comparisons to be made among the different measures. It provides a decomposition of the change in fossil fuel CO2 emissions between 1994 and 2004 into changes in five factors: the average …

Eastern Europe feels cheated on carbon quotas

On August 17, 2007, the government of Lithuania formally decided to take the European Commission to the European Court of Justice over reduced co2 emission allowances (carbon quota) for the next carbon trading period of 2008-2012. With this, it becomes the seventh country from eastern Europe to take legal action …

Lightly carbonated

European companies are not yet taking full advantage of carbon markets IT SOMETIMES seems that plans for emissions trading are piling up even faster than the greenhouse gases they are designed to curb. In late July the first emissions exchanges in Australia and Canada opened, in anticipation of mandatory carbon-trading …

Travelling green tonight

Aircraft are getting cleaner all the time AUGUST 2010. The flight from Shanghai will be landing at Toronto in two hours' time and the cabin crew have switched on dawn. No more rude awakenings from a blast of sunlight as the plastic blinds are yanked up. Over the next 20 …

Economics focus | Doffing the cap

Tradable emissions permits are a popular, but inferior, way to tackle global warming THE pressure for political action on climate change has never looked stronger. Even George Bush has now joined the leaders of other rich countries in their quest to negotiate a successor regime to the Kyoto protocol, the …

US iterates oppostion to EU`s proposed tax on airline emissions

The us recently iterated its opposition to a European proposal to make foreign airlines pay a premium for aircraft emissions. It claims that this method of reducing greenhouse gases would hurt economic growth. The us transportation secretary Mary Peters announced this on May 12 in a hearing in the us …

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