The purpose of this short paper is to provide a brief and non-encyclopedic commentary on the decisions made at IMO MEPC 76 (June 2021) assess prospects for future shipping decarbonization in aftermath that meeting. recent action European Commission include into EU Emissions Trading System (ETS) also discussed.

A low carbon society aims at fighting global warming by stimulating synergic efforts from governments, industry and scientific communities. Decision support systems should be adopted to provide policy makers with possible scenarios, options for prompt countermeasures in case of side effects on environment, economy and society due to low carbon society policies, and also options for information ...

The European Emissions Trading Scheme (EU ETS) has an efficient and effective market design that risks being undermined by three interrelated problems: the approach to allocation; the absence of a credible commitment to post-2012 continuation; and concerns about its impact on the international competitiveness of key sectors. This special issue of Climate Policy explores these three factors in d...

We consider the general problem of industrial production in a set of countries subject to a common environmental regulation that limits the emissions of specific sectors. Due to these restrictions, the problem is treated as a generalized non-cooperative game where players (countries) have joint (environmental) constraints caused by the necessity of a common and compulsory emission regulation. T...

Using the event study methodology, paper studies effects of 22 key events in countries’ process entering and exiting European Union on returns Allowance (EUA) future prices EU Emissions Trading System (EU ETS). The include 17 entry concerning signing relevant agreements, becoming a candidate or potential country, negotiation formally EU, five exit including Brexit suspension Iceland. results sh...

This article presents a political-economy analysis of allowance allocation in the EU Emissions Trading Scheme (EU ETS). A common-agency model suggests that a politicalsupport maximizing government considers the preferences of sectoral interest groups besides public interest when allocating emissions permits. In the stylized model, industries represented by more powerful lobby groups face a lowe...

Slow steaming is an operational measure in ocean-going vessels sailing at slow speeds. It can help climate mitigation efforts by cutting down marine fuel consumption and consequently reducing CO2 other Greenhouse Gas Emissions (GHG). Due to change both the European Union (EU) International Maritime Organization (IMO) are analysing inclusion of international shipping EU Trading System (ETS) near...

We investigate international negotiations on CO2 emissions reduction in the Kyoto Protocol by non-cooperative multilateral bargaining theory. The negotiation model has two phases, (i) allocating emission reductions to countries and (ii) international emissions trading. Anticipating the competitive equilibrium of emissions trading, each country evaluates an agreement of reduction commitments. We...

Cap and trade mechanisms enjoy increasing importance in environmental legislation worldwide. The most prominent example is probably given by the European Union Emission Trading System (EU ETS) designed to limit emissions of greenhouse gases, several other countries already have or are planning the introduction of such systems.2 One of the important aspects of designing cap and trade mechanisms ...