As an emerging financial market, the trading value of carbon emission trading market has definitely increased. In recent years, the carbon emission allowances have already become a way of investment. They are bought and sold not only by carbon emitters but also by investors. In this paper, we analyzed the price fluctuations of the European Union allowances (EUA) futures in EuropeanClimate Excha...

Emission trading policies are increasingly important in environmental protection, especially in controlling air pollution in the United States. Their popularity results in part from the limitations and frustrations of centralized command and control regulation. Well-designed emission trading programs can achieve the same or better environmental and health outcomes as command and control regulat...

Given the growing evidence and scientific consensus on global climate change, carbon emission trading schemes (ETS) have been deemed crucial in mitigating the problem. Therefore, this study compares the mechanisms of ETS in the European Union with those in China. The results indicate similarities in cap determination, the coverage and calculation method of allowance allocation, trading particip...

The purpose of this paper was to analyze the development trend of hazardous chemical packaging towards low carbon economy from both qualitative and quantitative perspectives. Four types of relatively small volume packaging with volume/weight less than 450L/400kg, respectively, and three intermediate bulk containers (IBCs), which are widely used for hazardous chemicals were studied to calculate ...

During the 1997/98 El Niño-induced drought peatland fires in Indonesia may have released 13-40% of the mean annual global carbon emissions from fossil fuels. One major unknown in current peatland emission estimations is how much peat is combusted by fire. Using a light detection and ranging data set acquired in Central Kalimantan, Borneo, in 2007, one year after the severe peatland fires of 200...

Greenhouse gas (GHG) benchmarking for allocation serves as rewards for early actions in mitigating GHG emissions by using more advanced technologies. China Hubei launched the carbon emission trading pilot in 2014, with the cement industry represented as a major contributor to the GHG emissions in Hubei. This article is set to establish a general benchmarking framework by describing and calculat...

We study the optimal assignment of policy instruments at regional and interregional levels, for international carbon emissions trading with noncompliant polluters. We demonstrate that decentralization of regional emission quotas is socially optimal, when fines and interregional income transfers are implemented by intergovernmental authorities after regional policy making, because regional regul...

The policy instruments for emissions reductions will be an integral part of a PostKyoto Climate Regime. Using the CGE model DART, we compare a harmonized international carbon tax to a cap-and-trade system with different emission caps. The carbon tax tends to favor industrialized countries while e.g. emissions trading under the “contraction and convergence” approach with converging per capita em...

In this paper, which forms a chapter in the forthcoming Book “Delivering a Low Carbon Electricity System: Technologies, Economics and Policy”, Grubb and Newbery examine how carbon for electricity generation should be priced. They begin by suggesting that it is not clear what the correct price of carbon is, but that it spans the whole range of economically plausible prices. They then go on to di...