HC 739 - Linking Emissions Trading Systems

Released on by Great Britain. Parliament. House of Commons. Energy and Climate Change Committee
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  • HC 739 - Linking Emissions Trading Systems Book Detail

  • Author : Great Britain. Parliament. House of Commons. Energy and Climate Change Committee
  • Release Date : 2015
  • Publisher : The Stationery Office
  • Genre : Business & Economics
  • Pages : 48
  • ISBN 13 : 0215081544
  • File Size : 32,32 MB
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HC 739 - Linking Emissions Trading Systems by Great Britain. Parliament. House of Commons. Energy and Climate Change Committee PDF Summary

Book Description: Carbon pricing is a necessary element in spurring climate change mitigation action. In this report it's argued that emissions trading, as an established and well recognised policy instrument for controlling greenhouse gas emissions, is increasingly popular and spreading around the world. As they develop, emissions trading systems should be designed so that they are compatible with each other. Aligning design elements early on will help improve the prospects of linking different systems in future and, therefore, maximise opportunities for cost-effective emissions reductions. As the world's oldest and largest market, the EU Emission Trading System will play a critical role in facilitating linking between different markets. Before it can do this, however, it must be seen as a credible market. The issue of surplus allowances must be addressed urgently and there should be moves to remove these from the system as soon as possible. Any new climate agreement must crucially allow parties to meet their Intended Nationally Determined Contribution's (INDCs) by transferring parts of their contributions to other parties and financing emissions reduction activities in other countries. The use of carbon markets will greatly improve the prospects of keeping global average temperatures below 2êC. Any agreement reached at the UNFCCC COP 21 in Paris at the end of 2015 should promote the use of carbon markets and facilitate the future linking of emissions trading systems. The UNFCCC could also play a critical role in providing basic standards including monitoring, reporting and verification.

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HC 739 - Linking Emissions Trading Systems

HC 739 - Linking Emissions Trading Systems

File Size : 32,32 MB
Total View : 5402 Views
DOWNLOAD

Carbon pricing is a necessary element in spurring climate change mitigation action. In this report it's argued that emissions trading, as an established and wel

Linking Emissions Trading Schemes

Linking Emissions Trading Schemes

File Size : 20,20 MB
Total View : 7182 Views
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A growing number of GHG emissions trading schemes are being implemented at regional or national levels. However, even as the number of different schemes grows,