Great expectations: can international emissions trading deliver an equitable climate regime?

Baumert, Kevin A.; Perkaus, James F.; Kete, Nancy

doi:10.1016/s1469-3062(03)00029-9

Cited by 4 publications

(4 citation statements)

References 8 publications

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“…However, such a reduction would conflict with the idea of allocating equally over time. 13 Apart from the political feasibility, Baumert and Kete (2003) point out at some other aspects (for example net benefits for developing countries) that should be considered for global allocations schemes. The new approach presented here could also be restricted to a selected number of countries as suggested by Baumert and Kete (2003, p. 146). the need for the eradication of poverty is mentioned several times in the Convention.…”

Section: Discussionmentioning

confidence: 99%

Equal emissions per capita over time – a proposal to combine responsibility and equity of rights for post‐2012 GHG emission entitlement allocation

Bode

2004

Eur. Env.

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Any effective future climate policy regime based on the Kyoto Protocol requires the determination of the concrete contribution regarding time and quantity for each party. Based on the two justice principles, responsibility and equity of rights, that form the basis for the so‐called Brazilian Proposal and Contraction and Convergence respectively, a new approach is developed: future emission rights are allocated on the basis of equal emissions per capita over time. By so doing not only are emissions per capita (EPC) taken into account during the allocation but also their evolution over time. This may result in negative quantities of emission rights for some parties due to their historical ‘burden’. On the other hand, parties with low EPC would be allocated large amounts of ‘fair air’. Even though this approach may currently lack political support by powerful parties, it offers another analytical reference point for the political bargaining process on future allocations. Copyright © 2004 John Wiley & Sons, Ltd and ERP Environment.

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Section: Discussionmentioning

confidence: 99%

Equal emissions per capita over time – a proposal to combine responsibility and equity of rights for post‐2012 GHG emission entitlement allocation

Bode

2004

Eur. Env.

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“…These negative costs are not necessarily easy to justify in the strict context of climate change. Baumert et al (2003) consider that 'international emissions trading used as a financial transfer may potentially undermine costeffectiveness goals' because the conditions of a competitive market, necessary to ensure positive results, may not be respected (uncertainties related to the participation/withdrawal of countries, compliance issues, etc.). Risk management issues should be considered in the negotiation process.…”

Section: Reduction Cost Rangesmentioning

confidence: 99%

“…The second step relates to participation and the formation of coalitions. There are many uncertainties related to the participation of countries to a global agreement and their starting point, and there are real risks of withdrawals from the agreement later on (Baumert et al, 2003). Although the decision aid tool allows us to take into account these issues and to model numerous participation scenarios (where the global quantity of permits would be distributed among the updated list of participating countries or regions at each time period defined at step 1), it has not been illustrated in the simulation.…”

Section: Recommendations To Policy Makersmentioning

confidence: 99%

A decision aid tool for equity issues analysis in emission permit allocations

Vaillancourt

Waaub

2006

Climate Policy

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In the long term, the Kyoto Protocol will be insufficient to stabilize the greenhouse gas (GHG) concentrations in the atmosphere; quantified commitments will also be essential for major developing countries (and the US). International cooperation mechanisms, such as permit trading systems, can help achieve global economic efficiency. However, the initial allocation of emission permits raises many debates on equity. The main objective is to propose a decision aid tool for decision makers, which is capable of providing relevant information on various equitable permit allocation schemes and burden sharing. A dynamic multicriteria model is proposed to share the global quantity of permits among 15 regions, taking into account multiple definitions of equity and regional interests. The World-MARKAL energy model is used to compute the gross reduction cost (before permit exchanges) for each region. Afterward, it is possible to calculate their net reduction costs (after permit exchanges) according to different allocation schemes. A realistic simulation of the tool provides examples of results, i.e. ranges of permit allocations and net costs for each region. Finally, some recommendations are proposed to policy makers to design a decision process adapted to the global context of negotiations.

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“…While much of the literature about equity has focused on the developed/developing country divide (Grubb, 1995;Müller, 2002;Baumert et al, 2003;Depledge, 2006;Audet, 2013), the existence of climate change vulnerability and the associated limited capacity to adapt to climate change concerns also exists within developed countries. The study is situated in a developed country, Australia.…”

Section: Introductionmentioning

confidence: 99%

Equity and climate change: Local adaptation issues and responses in the City of Lake Macquarie, Australia

2014

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Great expectations: can international emissions trading deliver an equitable climate regime?

Cited by 4 publications

References 8 publications

Equal emissions per capita over time – a proposal to combine responsibility and equity of rights for post‐2012 GHG emission entitlement allocation

Equal emissions per capita over time – a proposal to combine responsibility and equity of rights for post‐2012 GHG emission entitlement allocation

A decision aid tool for equity issues analysis in emission permit allocations

Equity and climate change: Local adaptation issues and responses in the City of Lake Macquarie, Australia

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