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Based on an assessment of the EU ETS, this CEPS Task Force Report tests the performance of four different design models (a cap-and-trade system based on free allocation, benchmarks, auctioning and a credit-and-baseline system) against 10 criteria under three headings: environmental effectiveness, economic efficiency and the contribution of the ETS to achieving long-term climate change policy objectives. Based on this assessment, the report makes a number of recommendations in the area of allocation, creation of investment incentives and the merits of including new sectors and new gases. The report also addresses the particular challenge of completing the EU ETS review before a global post-2012 agreement can be reached, i.e. the EU ETS will be reviewed against an unknown global context.
Both the UK and the EU have pinned much of their climate change policy on the effective opeation of the EU emissions trading system (ETS). Now in its second year the scheme has yet to demonstate that it can deliver the substantial greenhouse gas emission reductions that will form the yardstick of its success. This report examines the proposed revisions to the ETS, which would take effect in the scheme's third trading period, scheduled to last from 2013 to 2020. It is ultimately felt that if the ETS is to live up to its full potential, the aim must be to link it up with emissions trading schemes in other parts of the world so as to make the most of emission reduction opportunities in additional countries and sectors. However, the establishment of such links could prove arduous. It is anticipated that the EU may eventually face stark trade-offs between maintaining the environmental integrity of the ETS and extending its reach.
As negotiations proceed for the post-Kyoto climate change regime, major obstacles stand in the path to their successful completion. The Corporate Greenhouse addresses the political economy of the climate change debate, questioning the disconnect between the current negotiation framework, based around the nation-state, and the neoliberal policies driving the world economy, organized around transnational corporations. Given the rapidly growing economic power and expanding carbon footprint of China, India and other developing economies, the debate on 'who is to blame, and who is to pay' can no longer be ignored. Carefully researched and sourced from original work and case studies, The Corporate Greenhouse explores the geopolitical division between North and South; questions the sustainability of capitalism in the current global economic environment; examines the impact of TNCs on worldwide CO2 emissions; and discusses the expected outcome of the EU Emissions Trading Scheme on corporate investment strategies. This timely book argues that treaties that fail to account properly for the activities of TNCs will preclude effective, equitable solutions to the urgent issue of global climate change.
This Open Access book provides detailed information about the incoming Mexican Emissions Trading System, including an analysis on why the system was implemented, how the system was designed, how it operates, how it could work, and how it could be strengthened by 2023 when it will be formally launched. This document is aimed at those who want to understand how an ETS can operate in an emerging economy. Although it has been written for experts and non-experts, this book does not provide the underlying theory of market-based instruments and emissions trading systems in general. The book can be read from start to finish, but can also be used as a reference for specific components of regional ETSs. The book draws upon a meticulous study of background documents and fieldwork from different authors to tell the story of how a Mexican ETS, the first of its kind in Latin America, can be set in the country. The emissions trading system cover many greenhouse gas emissions and has been hailed as one of the cornerstones of the Mexican climate policy. The book also examines and explains how the ETS is designed and implemented.
The Scheme is one of the Government's policy measures designed to help meet its commitments under the 1997 Kyoto Protocol to secure significant reductions in UK greenhouse gas emissions, in order to address the causes of global warming. Under the Scheme, companies are issued with allowances equal to their target emissions for the year, and at the end of the year must hold enough allowances to cover its actual emissions. A company can choose to reduce its actual emissions below its target (enabling it to sell excess allowances to other companies, or to save them for use in future years), to meet its target, or to buy extra allowances to cover any emissions in excess of its target amount. Following on from a National Audit Office report on this topic (HCP 517, session 2003-04; ISBN 0102927804) published in April 2004, the Committee's report examines the risk management procedures associated with the Scheme, the way baselines for greenhouse emissions were set, the effectiveness of the auction and the market, and the wider benefits to the UK economy.
The Handbook of Climate Change Adaptation addresses the scientific, social, political and cultural aspects of climate change in an integrated and coherent way. The multi-volume reference focuses on one of the key aspects of climate change: adaptation and how to handle its impacts on physical, biotic and human systems, analyzing the social and normative scientific concerns and presenting the tools, approaches and methods aimed at management of climate change impacts. The high-quality, interdisciplinary contributions provides state-of-the-art descriptions of the topics at hand with the collective aim of offering, for a broad readership, an authoritative, balanced and accessible presentation of the best current understanding of the nature and challenges posed by climate change. It serves not only as a valuable information source but also as a tool to support teaching and research and as help for professionals to assist in decision-making.