Unilateral Phase-Out of Coal to Power in an Emissions Trading Scheme

International Emissions Trading Scheme and EUropean Emissions Trading Scheme : what linkages ?

Simultaneity between commitment periods (2008-2012) of International Emissions Trading (IET) scheme and EUropean Emissions Trading Scheme (EU-ETS) is likely to generate distortions in terms of burden’s distribution among sectors. There will be two levels of trading : a country and an entity level, which both need to be consistent with each other. Besides, features of these two “cap and trade" e...

An emissions trading scheme design for power industries facing price regulation

The electricity market, monopolistic in nature, with government price regulation, poses a serious challenge for policy makers with respect to the cost-effectiveness of emissions trading, particularly in Asian countries. This paper argues that a cap-and-trade regulatory system for indirect emissions combined with a rate-based allocation system for direct emissions can achieve market efficiency e...

Designing an Emissions Trading Scheme Suitable for Surface Transport

The aim of this report is to review the possible ways to reduce carbon emissions from the transport sector through the application of an emissions trading scheme and make recommendations regarding the most appropriate methods and timeframes for implementation of such schemes. The main elements of emissions trading schemes are introduced, including the establishment of an emissions target, metho...

The European Union Emissions Trading Scheme: should we throw the flagship out with the bathwater?

The European Union Emissions Trading System (EU ETS), presented as the “flagship” of European climate policy, is subject to many criticisms from different stakeholders: it does not reduce carbon emissions nor generate enough low-carbon innovation, it induces competitiveness losses and carbon leakage, its distributional effects are unfair and finally, it is susceptible to fraud. We review these ...

Emissions trading and the management accountant - lessons from the UK emissions trading scheme