Establishing a transatlantic carbon market

Climate Policy

Volumn 9, Issue 4, 2009, Pages 389-401

  Sterk, Wolfgang ^a   Kruger, Joseph ^b  

^a Institute for Ecological Economy Research   (Germany)

^b Bipartisan Policy Center   (United States)

Author keywords

Carbon markets; Domestic emissions trading systems; Emissions trading; EU ETS; Linking; US ETS

Indexed keywords

DEVELOPING WORLD; EMISSION CONTROL; EMISSIONS TRADING; ENVIRONMENTAL ECONOMICS; ENVIRONMENTAL POLICY; EUROPEAN UNION; LEGISLATIVE IMPLEMENTATION; POLLUTION TAX; STRATEGIC APPROACH; TRADE-ENVIRONMENT RELATIONS;

EURASIA; EUROPE; NORTH AMERICA; UNITED STATES;

EID: 68349093755     PISSN: 14693062     EISSN: 17527457     Source Type: Journal    
DOI: 10.3763/cpol.2009.0623     Document Type: Article

References (38)

1. Anger, N., Brouns, B., Onigkeit, J., Schüle, R., 2006, Economic and Environmental Effects of Linking the European ETS in the Context of Global Reduction Targets, Wuppertal Institute for Climate, Environment and Energy, Wuppertal, Germany.
2. Blyth, W., Bosi, M., 2004, Linking Non-EU Domestic Emissions Trading Schemes with the EU Emissions Trading Scheme, Organisation for Economic Cooperation and Development (OECD), International Energy Agency (IEA), Paris.
3. Boemare, C., Quirion, P., 2002, 'Implementing greenhouse gas trading in Europe: lessons from economic literature and international experiences', Ecological Economics 43(2-3), 213-230.
4. Böhringer, C., Löschel, A., 2005, 'Climate policy beyond Kyoto: quo vadis? A computable general equilibrium analysis based on expert judgements', Kyklos 58(4), 467-493.
5. Broder, J.M., 2009, 'Geography is dividing Democrats over energy', New York Times 27 January, A1.
6. Council of the European Union, 2007, EU Objectives for the Further Development of the International Climate Regime beyond 2012: Council Conclusions of 20 February 2007, 21 February, 6621/07, Brussels.
7. 2 Market? Expertise for the Policy Planning Staff of the Federal Foreign Office, Potsdam Institute for Climate Impact Research (PIK), Potsdam, Germany.
8. Eilperin, J., 2009, 'Top emissions negotiator an expert on political climate, too', Washington Post 15 April, C01.
9. ENVI (Committee on the Environment, Public Health and Food Safety of the European Parliament), 2008, Compromise Amendments 1-25: Draft Report on the Proposal for a Directive of the European Parliament and of the Council Amending Directive 2003/87/EC so as to Improve and Extend the Greenhouse Gas Emission Allowance Trading System of the Community, 5 October, COM(2008)0016-C6 0043/2008-2008/0013(COD).
10. EU (European Union), 2008, Proposal for a Directive of the European Parliament and of the Council Amending Directive 2003/87/EC so as to Improve and Extend the Greenhouse Gas Emission Allowance Trading System of the Community, 16723/1/08, 13 December, Brussels.
11. European Commission, 2008a, Impact Assessment: Document Accompanying the Package of Implementation Measures for the EU's Objectives on Climate Change and Renewable Energy for 2020, 23 January, SEC(2008) 85/3, Brussels.
12. European Commission, 2008b, Addressing the Challenges of Deforestation and Forest Degradation to Tackle Climate Change and Biodiversity Loss, 17 October, COM(2008) 645 final, Brussels.
13. European Commission, 2009, Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions: Towards a Comprehensive Climate Change Agreement in Copenhagen, Provisional version, COM(2009) 39/3, Brussels.
14. European Community, 1999, 'Submission by Germany on behalf of the European Community, its Member States and Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovak Republic and Slovenia on the Clean Development Mechanism (Art.12 KP)', Principles, Modalities, Rules and Guidelines for the Mechanisms under Article 6, 12 and 17 of the Kyoto Protocol: Submissions from the Parties, FCCC/SB/1999/MISC.3/Add.3, 4 June, 8-18.
15. European Community, 2008, 'France on behalf of the European Community and its Member States', Further Input in Relation to Possible Improvements to Emissions Trading and the Project-based Mechanisms under the Kyoto Protocol: Submissions by Parties, FCCC/KP/AWG/2008/MISC.7, 13 November, 3-13.
16. German Ministry of Economics and Technology, 2009, Pressemitteilung, 22.1.2009, Bundesminister Glos begrüsst Vorschläge des Wissenschaftlichen Beirats beim BMWi für eine Neuorientierung beim europäischen Emissionshandel.
17. Haites, E., Mullins, F., 2001, Linking Domestic and Industry Greenhouse Gas Emission Trading Systems, Prepared for EPRI, International Energy Agency (IEA) and International Emissions Trading Association.
18. Jaffe, J., Stavins, R.N., 2008, Linking a US Cap-and-Trade System for Greenhouse Gas Emissions: Opportunities, Implications and Challenges, Working Paper 08-01, AEI Center for Regulatory and Market Studies, Washington, DC.
19. Kruger, J., Egenhofer, C., 2006, 'Confidence through compliance in emissions trading markets', Sustainable Development Law and Policy, 6(2), 2-13.
20. Kruger, J., Oates, W.E., Pizer, W.A., 2007, 'Decentralization in the EU Emissions Trading Scheme and implications for global policy', Review of Environmental Economics and Policy 1(1), 112-133.
21. Mace, M.J., Millar, I., Schwarte, C., Anderson, J., Broekhoff, D., Bradley, R., Bowyer, C., Heilmayr, R., 2008, Analysis of Legal and Organisational Issues Arising in Linking the EU Emissions Trading Scheme to Other Existing and Emerging Emissions Trading Schemes, Foundation for International Environmental Law and Development, Institute for European Environmental Policy, World Resources Institute, London, Brussels, Washington, DC.
22. Murray, B.C., Newell, R.G., Pizer, W.A., 2008, Balancing Costs and Emissions Certainty: An Allowance Reserve for Cap-and-Trade, Working Paper NI WP 08-03, Nicholas Institute for Environmental Policy Solutions, Duke University, Durham, NC.
23. Pizer, W.A. 2002. 'Combining price and quantity controls to mitigate global climate change', Journal of Public Economics 85(3), 409-434.
24. Pizer, W., Burtraw, D., Harrington, W., Newell, R., Sanchirico, J., 2006, 'Modeling economy-wide vs. sectoral climate policies', Energy Journal 27(3), 135-168.
25. Point Carbon, 2009a, Investors Reject ETS Price Floor Calls, 6 March.
26. Point Carbon, 2009b, Carbon Market Analyst North America: A US Cap-and-Trade Program: Options for Compliance, 2 April.
27. Samuelsohn, D., 2008, 'Republican outlines amendments for Senate emissions bill', E&E News 26 May.
28. Santarius, T., Arens, C., Eichhorst, E., Kiyar, D., Mersmann, F., Ott, H.E., Rudolph, F., Sterk, W., Watanabe, R., 2009, Pit Stop Poznan: An Analysis of Negotiations on the Bali Action Plan at the Stopover to Copenhagen, Wuppertal Institute for Climate, Environment and Energy, Wuppertal, Germany.
29. Schneider, L., 2008, A Clean Development Mechanism (CDM) with Atmospheric Benefits for a Post-2012 Climate Regime, Oeko-Institut, Institute for Applied Ecology, Berlin.
30. Schüle, R., Sterk, W., Anger, N., 2008, Options and Implications of Linking the EU ETS with Other Emissions Trading Schemes: Note for the European Parliament, European Parliament, Policy Department Economic and Scientific Policy, Brussels.
31. Sterk, W., Braun, M., Haug, C., Korytarova, K., Scholten, A., 2006, Ready to Link Up? Implications of Design Differences for Linking Domestic Emissions Trading Schemes, Wuppertal Institute for Climate, Environment and Energy, Wuppertal, Germany.
32. 2 Equivalent Emissions with Land Use, Land-Use Change and Forestry [available at http://unfccc.int/ghg_data/ ghg_data_unfccc/time_series_annex_i/items/3814.php].
33. US CAP (United States Climate Action Partnership), 2009, A Blueprint for Legislative Action: Consensus Recommendations for US Climate Protection Legislation, January.
34. US EIA (US Department of Energy's Energy Information Administration), 2008, Energy Market and Economic Impacts of S. 2191, the Lieberman-Warner Climate Security Act of 2007, April.
35. US EPA (US Environmental Protection Agency), 2008, Analysis of the Lieberman-Warner Climate Security Act of 2008, S. 2191 in 110th Congress, 14 March.
36. US EPA (US Environmental Protection Agency), 2009, EPA Preliminary Analysis of the Waxman-Markey Discussion Draft, the American Clean Energy and Security Act of 2009 in the 111th Congress, 20 April.
37. Wara, M.W., Victor, D.G., 2008, A Realistic Policy on International Carbon Offsets, Working Paper 74, Stanford Program on Energy and Sustainable Development, Stanford University, Stanford, CA.
38. Weitzman, M.L., 1974, 'Prices vs. quantities', Review of Economic Studies 41(4), 477-491.