Climate Policy After Copenhagen: The Role of Carbon Pricing by Karsten Neuhoff

By Karsten Neuhoff

On the UN weather Negotiations in Copenhagen, 117 heads of kingdom concluded that low-carbon improvement is important with a view to wrestle weather swap. despite the fact that, they can no longer agree on emission goals. not less than one of many the explanation why they can no longer agree is that low-carbon improvement is difficult since it calls for the implementation of a portfolio of regulations and courses. This booklet examines one the guidelines on the center of makes an attempt to create a low-carbon destiny: the ecu Emission buying and selling Scheme. It explores difficulties surrounding the implementation of such schemes, together with the position of vested pursuits, the influence of refined layout info, and possibilities to draw long term investments. It additionally indicates how overseas weather cooperation will be designed to help the family implementation of rules for low-carbon improvement. This well timed research of carbon pricing comprises very important classes for all these taken with the improvement of post-Copenhagen weather policy.Review"Karsten Neuhoff makes a fascinating case in displaying that the failure to undertake a accomplished weather contract in Copenhagen could have been the results of a few primary underlying adjustments. The Copenhagen Accord may hence mark the start of a bottom-up method within which family coverage layout in line with carbon pricing in addition to particular laws should be supported via foreign co-operation. If his research proves correct, the european is in precept good outfitted to any such switch, yet could have to reconsider a few parts of its overseas negotiation approach accordingly." - Jos Delbeke, Director-General for weather motion, eu fee booklet DescriptionA well timed research of the way emissions buying and selling schemes can give a contribution in the direction of powerful weather coverage. It explores difficulties surrounding the implementation of such schemes, together with the function of vested pursuits, the effect of refined layout info and possibilities to draw long term investments. [C:\Users\Microsoft\Documents\Calibre Library]

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Extra info for Climate Policy After Copenhagen: The Role of Carbon Pricing

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For the achievement of low-carbon objectives, it is essential that suitable support frameworks be in place to ensure the diffusion of innovative low-carbon technologies to developing countries as well. 3 The role for targeted measures and regulation The most commonly used framework for assessing the opportunity to reduce carbon emissions in our economies is marginal abatement cost curves. 6 depicts the potential reductions in emissions that can be delivered with different technical measures. 12 on Wed Oct 10 11:43:54 BST 2012.

For example, the European IPCC Directive (European Council 1996) effectively prohibited the use of mercury as a catalyst in chlorine production after 2007 (Concorde East 2004). Policies can also seek to reduce carbon emissions without totally banning them. Regulation can deliver this objective in many instances – for example, by requiring energy-efficiency standards for refrigerators. In the power sector, it is difficult to design direct regulation that would achieve this objective on its own. The amount of electricity produced from carbon-intensive coal power stations will decline and will probably be replaced by renewable technologies.

While national markets are often dominated by a limited number of technology companies, international markets increase the level of competition. This makes prices more cost reflective – that is, more informative and lower. 12 on Wed Oct 10 11:43:54 BST 2012. 5 Installed wind power per year in MW. Source: Based on IEA, GWEC and Worldwatch Institute deployment policies, and they reduce costs for tax-payers and consumers. The potential of providing a successful technology to serve a global market also increases the incentive to invest in innovation at both corporate and national levels.

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