Climate change and carbon markets : a handbook of emission reduction mechanisms / edited by F. Yamin.

Format:

Book

Contributor:

Yamin, Farhana.

Language:

English

Subjects (All):

Climatic changes--Government policy.

Climatic changes.

Emissions trading--Government policy.

Emissions trading.

Carbon dioxide mitigation--Government policy.

Carbon dioxide mitigation.

Government policy.

Genre:

Handbooks and manuals.

Physical Description:

xliii, 430 pages : illustrations ; 24 cm

Place of Publication:

London ; Sterling, VA : Earthscan, 2005.

Summary:

Climate change is an environmental problem of unprecedented complexity, not just in terms of its physical, social, economic and political impacts, but particularly in terms of the range of policy instruments being designed by countries to reduce greenhouse gas emissions.

Climate Change and Carbon Markets aims to provide an accessible and practical guide to cutting edge market-based mechanisms to reduce greenhouse gas emissions. This book is a guide for national and international policy-makers and industry professionals who need to understand the carbon markets established pursuant to the Kyoto Protocol, one of the most complex agreements ever negotiated. The book sets out how carbon markets will function by explaining the rules, institutions and procedures of the Kyoto mechanisms, including emissions trading, joint implementation, and the Clean Development Mechanism. It also provides an in-depth explanation of the EU Emissions Allowance Trading Scheme, emerging mechanisms in the US and developing countries and how these will link up.

For policy-makers, researchers and scholars, industry practitioners, companies, market service providers, technical and legal consultants, NGOs and all stakeholder organizations engaged in the Kyoto markets, this is the authoritative and comprehensive practical guide to this rapidly evolving area.

Contents:

Purpose xxix

The nature of the climate change problem xxxvi

An overview of the UNFCCC xxxvii

An overview of the Kyoto Protocol xxxix

An overview of the Kyoto mechanisms xli

Part I The international rules on the Kyoto mechanisms / Farhana Yamin 1

I.2 Activities implemented jointly 11

I.3 Cross-cutting mechanism issues 15

I.4 Participation/eligibility requirements 19

I.5 Emissions trading 26

I.6 Clean Development Mechanism 29

I.7 Joint Implementation (Article 6) 53

I.8 Compliance procedures and mechanisms under the Protocol 61

Part II The EU Greenhouse Gas Emission Allowance Trading Scheme / Jurgen Lefevere 75

II.2 The EU burden-sharing agreement 77

II.3 EU environmental policy: from command and control towards market-based mechanisms 81

II.4 The concept of emissions trading 86

II.5 The ethical dimension of emissions trading 92

II.6 The development of emissions allowance trading in the EU 95

II.7 Core elements of the ET Directive 101

II.8 The ET Directive and the Kyoto project-based mechanisms 126

Part III Development and implementation of the Kyoto mechanisms worldwide 151

Chapter 1 Emissions trading under the Kyoto Protocol: how far from the ideal? / Richard Baron, Michel Colombier 153

1.2 Emissions trading: focusing on economic efficiency 154

1.3 Article 17 of the Kyoto Protocol: throwing governments into the cost-minimization game 157

1.4 The EU Emission Allowance Trading Scheme: a step closer to the ideal? 160

Chapter 2 Trading through the flexibility mechanisms: quantifying the size of the Kyoto markets / Odile Blanchard 166

2.1 Methodology and assumptions 167

2.2 Characteristics of the five cases 169

2.3 Analysis of the market features of the five cases 171

Chapter 3 Implementation challenges: insights from the EU Emission Allowance Trading Scheme / Fiona Mullins 183

3.2 National Allocation Plans 184

3.3 Permitting procedures 196

3.4 Monitoring and verification 197

3.5 Registries 197

Chapter 4 Joint Implementation and emissions trading in Central andd Eastern Europe / Jason Anderson, Rob Bradley 200

4.2 Interest in Joint Implementation and emissions trading in EITs 200

4.3 CEE, international emissions trading and 'hot air' 203

4.4 The preference for domestic action 205

4.5 AIJ in CEE: early experience with projects 210

4.6 Mechanism participation requirements and CEEs 213

4.7 Early 'JI' experiences 215

4.8 The future potential of JI 218

4.9 European emission trading in Central and Eastern Europe 222

Chapter 5 Implementing the Clean Development Mechanism and emissions trading beyond Europe / Martijn Wilder 231

5.2 Emissions trading (Article 17) 232

5.3 Joint Implementation (Article 6) 244

5.4 The Clean Development Mechanism (Article 12) 246

5.5 International development agencies 259

5.6 Other emissions trading activities 259

Chapter 6 The Clean Development Mechanism: a tool for promoting long-term climate protection and sustainable development? / Mark Kenber 263

6.2 Assessing the CDM's contribution to sustainable development 265

6.3 Tools to assess CDM project eligibility and sustainability 269

6.4 Evolution of the CDM market 278

6.5 Future issues and options 284

Chapter 7 Determination of baselines and additionality for the CDM: a crucial element of credibility of the climate regime / Axel Michaelowa 289

7.2 Baseline determination 290

7.3 Why baseline and additionality determination are not the same 296

Chapter 8 Creating the foundations for host country participation in the CDM: experiences and challenges in CDM capacity building / Axel Michaelowa 305

8.2 Capacity requirements to successfully implement the CDM 306

8.3 Donor activities 310

8.4 Challenges 317

Part IV Conclusion: Mechanisms, linkages and the direction of the future climate regime / Erik Haites 321

IV.1 Domestic GHG trading programmes 321

IV.2 Links among domestic GHG emissions trading programmes 328

IV.3 Direction of the future climate change regime 334

1 Documents related to the EU emission allowance trading Scheme 353

2 EU Emission Allowance Trading Scheme Directive 355

3 EU Directive 2004/101/EC 371

4 EU Guidelines on Allocations of Allowances 383.

Notes:

Contains the full text of the key European Union documents setting up the EU Emissions Allowance Trading Scheme and the Linking Directive.

Includes bibliographical references and index.

ISBN:

1844071634

OCLC:

56617310