Climate Change and Carbon Markets: A Handbook of Emissions Reduction Mechanisms
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 which will 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 (JI) and the Clean Development Mechanism (CDM). 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. Contains the full text of the key European Union documents setting up the EU Emissions Allowance Trading Scheme and the Linking Directive.
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Climate Change and Carbon Markets: A Handbook of Emission Reduction Mechanisms
No preview available - 2005
achieved additionality adopted Annex I Parties apply Article assessment assigned amount baseline carbon markets CDM and JI CDM modalities CDM projects cent CERs Clean Development Mechanism climate change CO2 emissions CO2e Commission Commission’s commitment period Community scheme compliance COP/MOP costs Council credits criteria Decision developing countries economic emis emission allowance trading emission reductions emissions trading ensure entrants environmental ERUs establishing EU ETS European Commission European Parliament European Union gas emission allowance gases GHG emissions greenhouse gas emissions guidelines host country hot air impact industry installations international emissions trading IPPC IPPC Directive issues JI projects Joint Implementation Kyoto mechanisms Kyoto Protocol Kyoto units listed in Annex Marrakesh Accords Member ment methodologies monitoring national allocation plan negotiations non-Annex operator paragraph participation potential procedures project-based mechanisms proposal quantity of allowances registry requirements sectors sions sources stakeholders sustainable development tion trading regime UNFCCC