A global carbon market?

A Global Carbon Market and the Allocation of Emission Rights

The paving of the way for a new climate agreement has turned out to be extremely challenging. The negotiators struggle to make the required emissions reductions binding under international law and to agree on burden-sharing amongst nations. Despite the fact that the G8 (Major Economics Forum 2009 ) as well as the Copenhagen Accord (UNFCCC 2010 ) refer to the 2°C target, the current pledges of t...

Towards a Global Carbon Market Prospects for Linking the Eu Ets to Other Carbon Markets

2 Jurisdictions with carbon markets currently account for about 40% of global economic activity (GDP) 1. Linking these different carbon markets with the ultimate goal of establishing a global carbon market is seen by many as an integral part of the future climate regime, since it can increase the pool of mitigation options available, thereby reducing costs and allowing countries to increase the...

Populists in a global market.

Australia's Clean Energy Act: A New Measure in the Global Carbon Market

Sequestration and the Engagement of Developing Economies in a Global Carbon Market

We develop a differential game within a general equilibrium framework of carbon sequestration with and without international trade. We characterize the game’s equilibrium and demonstrate how a global carbon permit market can be structured to induce the participation of developing countries through the harnessing of their potential to sequester carbon. We show that a permit market with carbon se...