The price impacts of linking the European Union Emissions Trading Scheme to the Clean Development Mechanism

Nazifi, Fatemeh

doi:10.1007/s10018-010-0168-3

Cited by 17 publications

(3 citation statements)

References 21 publications

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“…Li Xu (2014) believes that the introduction of financial options in emissions trading can reduce licensing price fluctuations, options can hedge the uncertainty of future spot prices. At the same time, stimulating investment in emission reduction technologies to achieve emission reduction targets, Masaaki Kijima (2010) and Fatemeh Nazifi (2010) point out that if a system allows proper licensing of lending and storage can weaken the surge in forward and spot prices [45] [46].…”

Section: ) Research On Emission Right Pricingmentioning

confidence: 99%

Literature Review on Pricing of Initial Discharge Right of Sewage

Wang¹,

Pan²,

Wang³

et al. 2019

AJIBM

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Aiming at the research topic of initial pollution emission right pricing, this paper combs the literature at home and abroad, and summarizes the literature research at home and abroad. The following conclusions are drawn: the relevant research can choose the initial discharge right of sewage as the research object, and construct the pricing model of the initial discharge right of the system dynamics sewage, which can not only calculate the price of the future emission right, but also distinguish the key factors that affect the initial emission right price, and provide some reference guidance to the Government and enterprises. It helps to better grasp the price of emission right; on the other hand, it can price the emission right of different parts of the same industry. It is expected to expand the system theory system of the initial discharge right of sewage, and to provide the basis for the relevant decision of the environmental management authorities.

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Section: ) Research On Emission Right Pricingmentioning

confidence: 99%

Literature Review on Pricing of Initial Discharge Right of Sewage

Wang¹,

Pan²,

Wang³

et al. 2019

AJIBM

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“…Despite 25 years of carbon taxation, no harmonization between countries has been achieved to date, and governments have been increasingly unwilling to accept foreign emissions credits (119) because they fear pushing prices down to levels where domestic mitigation is no longer attractive. The reaction of the EU ETS prices to the massive imports of CDM credits is an illustration of this effect (120). Therefore, it seems rather unlikely that linking could play a strong role in a world of widely varying pledge types.…”

Section: Bottom-up Approaches: Each Government Does What It Likesmentioning

confidence: 99%

Opportunities for and Alternatives to Global Climate Regimes Post-Kyoto

Michaelowa

2015

Annu. Rev. Environ. Resour.

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International policies for mitigation of climate change provide a global public good and thus suffer from “free riding,” i.e., inaction of governments. In 25 years of negotiations under the UN Framework Convention on Climate Change (UNFCCC), the regime has changed its character from a top-down approach based on mandatory emissions commitments to a bottom-up system of voluntary government pledges. At the same time, various initiatives by governments at all levels and private companies have been established, but most are limited to emissions reporting and exchange of knowledge on mitigation technologies. None of the alternatives has shown a higher mitigation effectiveness than the Kyoto Protocol. Generally, the transition toward a bottom-up regime risks a reduction of transparency and increases in the transaction costs of mitigation. Although it could give rise to a club of countries engaging in strong mitigation that could expand over time, it is unlikely to be ambitious enough to achieve the target of limiting warming to 2°C. On the one hand, carbon prices will be applied in a larger number of jurisdictions, and mitigation technologies diffuse around the world. On the other hand, carbon price levels will remain relatively low, and their mitigation benefits will be more than outweighed by the growth of infrastructure and consumption. Thus, a temperature increase of at least 3°C by 2100 becomes more and more likely.

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“…The import option was crucial for the development of the CDM market (Wettestad, 2009) and drove CER prices. Skjaerseth and Wettestad (2008), Chevallier (2010) and Nazifi (2010) discuss the exchange between the member states and the EU Commission about import thresholds for the 2008-2012 period.…”

Section: Eu Ets and Related Initiativesmentioning

confidence: 99%