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What potential effect do flexible mechanisms under the Kyoto Protocol have on energy efficiency, fuel switching and the development of renewable energy sources for the eight post-communist EU Member States that accessed in 2004? These countries are chief candidates for hosting Joint...
Persistent link: https://www.econbiz.de/10011104067
The greenhouse gas mitigation potential of different economic sectors in three world regions are estimated using a bottom-up approach. These estimates provide updates of the numbers reported in the Fourth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC AR4). This study...
Persistent link: https://www.econbiz.de/10008522883
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The building sector accounts for about 40% of the final energy consumption in Germany. At the same time, the sector is regarded as one of the most cost-effective options for saving CO2 emissions. To target this potential, the European Union introduced energy performance certificates (EPC). EPCs...
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Governments willing to commit themselves to maintain carbon prices at or above a certain level face the challenge that their commitments need to be credible both for investors in low-carbon technology and for foreign governments. This article argues that governments can make such commitments by...
Persistent link: https://www.econbiz.de/10011103625
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...
Persistent link: https://www.econbiz.de/10011103717
To meet its Kyoto requirements, the EU will establish an internal market for carbon dioxide allowances from 2005, the EU Emissions Trading Scheme (ETS). National governments are to allocate most of these allowances for free. The analysis shows that as a result of the free allocation, the net...
Persistent link: https://www.econbiz.de/10011103767
The allowance allocation under the European emission trading schemes differs fundamentally from earlier cap-and-trade programmes, such as SO<sub>2</sub> and NO<sub>x</sub> in the USA. Because of the sequential nature of negotiations of the overall budget, the allocation also has to follow a sequential process. If...
Persistent link: https://www.econbiz.de/10011103883
Policy targets are used to improve the implementation of domestic and international actions, in a national context and in international frameworks. But how can domestic and international experience be useful for climate policy? Case studies point to the value of defining policy targets more...
Persistent link: https://www.econbiz.de/10011103965