The global carbon market-mechanism landscape: pre and post 2020 perspectives

Climate Policy

Volumn 15, Issue 5, 2015, Pages 647-669

  Redmond, Luke ^a   Convery, Frank ^b  

^a UNIVERSITY COLLEGE DUBLIN   (Ireland)

^b ENVIRONMENTAL DEFENSE FUND   (United States)

Author keywords

carbon markets; climate change mitigation; climate policy framework; EU emissions trading scheme; international negotiations; UNFCCC

Indexed keywords

CARBON EMISSION; CLIMATE CHANGE; EMISSIONS TRADING; ENVIRONMENTAL POLICY; EUROPEAN UNION; KYOTO PROTOCOL; UNITED NATIONS FRAMEWORK CONVENTION ON CLIMATE CHANGE;

EID: 84938422693     PISSN: 14693062     EISSN: 17527457     Source Type: Journal    
DOI: 10.1080/14693062.2014.965126     Document Type: Article

References (48)

1. E.Alberola,, J.Chevallier,, & B.Cheze, (2008). Price drivers and structural breaks in European carbon prices 2005–2007. Energy Policy, 36(2), 787–797. doi: 10.1016/j.enpol.2007.10.029
2. 2 emission allowances. Energy Economics, 31, 4–15. doi: 10.1016/j.eneco.2008.07.003
3. N.Berghmans,, S.Oliver,, & S.Nicolas, (2013). Reforming the EU ETS: Give it some work! (Climate Brief No. 28, February). Paris: CDC Climat.
4. D.Bredin,, & C.Muckley, (2011). An emerging equilibrium in the EU emissions trading scheme. Energy Economics, 33(2), 353–362. doi: 10.1016/j.eneco.2010.06.009
5. G.Briner,, & A.Prag, (2013). Establishing and understanding post-2020 climate change mitigation commitments (Climate Change Expert Group Paper No. 2013 (3)). Paris: OECD/Paris.
6. Carbon Market Watch. (2013). Joint implementation: CDM's little brother grew up to be big and nasty(Newsletter #2). Brussels: Carbon Market Watch. Retrieved from http://carbonmarketwatch.org/joint-implementation-cdms-little-brother-grew-up-to-be-big-and-nasty/
7. P.Castro,, M.Duwe,, M.Kohler,, & E.Zelljadt, (2013). Market-based mechanisms in a post 2012 climate change regime (summary report written as part of the German Federal Environment Agency (UBA) project). Berlin: Ecologic Institute.
8. CDM Policy Dialogue. (2013). Climate change, carbon markets and the CDM: A call to action. Report of theHigh-Level Panel on the CDM Policy Dialogue. Luxembourg: CDM Policy Dialogue. Retrieved from http://www.cdmpolicydialogue.org/report/rpt110912.pdf
9. A.Christiansen,, A.Arvanitakis,, K.Tangen,, & H.Hasselknippe, (2005). Price determinants in the EU emissions trading scheme. Climate Policy, 5, 15–30. doi: 10.1080/14693062.2005.9685538
10. F.J.Convery,, & L.Redmond, (2007). Market and price developments in the European Union Emissions Trading Scheme. Review of Environmental Economics and Policy, 1(1), 88–111. doi: 10.1093/reep/rem010
11. F.J.Convery,, & L.Redmond, (2013). The European Union Emissions Trading Scheme: Issues in allowance price support and linkage. Annual Review of Resource Economics, 5, 301–324. doi: 10.1146/annurev-resource-091912-151827
12. A.Creti,, P.A.Jouvet,, & V.Mignon, (2011). Carbon price drivers: Phase I versus Phase II equilibrium?. Energy Economics, 34(1), 327–334. doi: 10.1016/j.eneco.2011.11.001
13. 2 allowances market: Issues in the transition to Phase III (Information and Debates Series No. 14). Paris: Les Cahiers de la Chaire Economie du Climat.
14. J.De Sepibus,, W.Sterk,, & A.Tuerk, (2012). Top-down, bottom-up or in-between: How can a UNFCCC framework for market-based approaches ensure environmental integrity and market coherence? (Working Paper No. 2012/31). Bern: World Trade Institute.
15. DGIP. (2013). Energy efficiency and the ETS (IP/A/ITRE/ST/2012–11I). Brussels: Directorate General for Internal Policies.
16. EEA. (2012). Greenhouse gas emission trends and projections in Europe 2012: Tracking progress towards Kyoto and 2020 targets (EEA Report/No 6/2012). Copenhagen: European Environment Agency. Retrieved from http://www.eea.europa.eu/publications/ghg-trends-and-projections-2012
17. EEA. (2013). Trends and projections in Europe 2013: Tracking progress towards Europe's climate and energy targets until 2020 (EEA Report/No 6/2012). Copenhagen: European Environment Agency.
18. EU. (2013). Guidance relating to the Clean Development Mechanism. Submission by Ireland and the European Commission on behalf of the European Union and its Member States (Submission to the UNFCCC, 19 March 2013). Dublin: European Union. Retrieved from http://unfccc.int/files/documentation/submissions_from_parties/application/pdf/eu_cdm.pdf
19. EU. (2014). Review of the modalities and procedures for the Clean Development Mechanism. Submission by Greece and the European Commission on behalf of the European Union and its Member States (Submission to the UNFCCC, 20 May 2014). Athens: European Union. Retrieved from http://www4.unfccc.int/submissions/Lists/OSPSubmissionUpload/39_18_130450684704255911-EL-05-20-EU%20CDM%20Submission.pdf
20. European Commission. (2011). A roadmap for moving to a competitive low carbon economy in 2050 (COM(2011) 112 final). Brussels: European Commission.
21. European Commission. (2012a). The state of the European carbon market in 2012. Report from the Commission to the European Parliament and the Council (COM (2012) 652). Brussels: European Commission. Retrieved from http://ec.europa.eu/clima/policies/ets/reform/docs/com_2012_652_en.pdf
22. European Commission. (2012b). Information provided on the functioning of the EU Emissions Trading System, the volumes of greenhouse gas emission allowances auctioned and freely allocated and the impact on the surplus of allowances in the period up to 2020 (Commission Staff Working Document. COM (2012) 416 final). Brussels: European Commission. Retrieved from http://ec.europa.eu/clima/policies/ets/cap/auctioning/docs/swd_2012_234_en.pdf
23. European Commission. (2012c). Australia and European Commission agree on pathway towards full linking emissions trading systems (Press release IP/12/916). Brussels: European Commission.
24. European Commission. (2013). Commission regulation on determining international credit entitlements pursuant to Directive 2003/87/EC of the European Parliament and of the Council (Draft Regulation). Brussels: European Commission.
25. European Commission. (2014). A policy framework for climate and energy in the period from 2020 to 2030. Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee of the Regions (COM (2014) 15 final). Brussels: European Commission.
26. H.Hauke,, & F.Matthes, (2012). Strengthening the European Union Emissions Trading Scheme and raising climate ambition – Facts, measures and implications. Berlin: Öko-Institut for WWF and Greenpeace. Retrieved from http://awsassets.panda.org/downloads/greenpeace__wwf__2012__studie_emissionshandel_en.pdf
27. A.Kollmuss,, & J.Fuessler, (2013). New climate mitigation market mechanisms: Stocktaking after Doha. Switzerland: Ministry of Infrastructure and the Environment (I&M) and Federal Office of the Environment (FOEN). Zurich: INFRAS.
28. M.Lazarus,, A.Kollmuss,, & L.Schneider, (2014). Single-year mitigation targets: Uncharted territory for emissions trading and unit transfer (Working Paper 2014-01). Stockholm: Stockholm Environmental Institute.
29. 2 prices, energy and weather. The Energy Journal, 28(3), 73–92. doi: 10.5547/ISSN0195-6574-EJ-Vol28-No3-5
30. A.Marcu, (2014). The role of market mechanisms in a post-2020 climate change agreement. Brussels: Centre for European Policy Studies (CEPS).
31. J.Parnell, (2013). UN carbon market health depends on global ambition – JI chair (Responding to Climate Change Article – John Parnell interview with Derrick Oderson). London: Responding to Climate Change. Retrieved from http://www.rtcc.org/2013/06/21/un-carbon-market-health-depends-on-global-ambition-ji-chair/
32. Point Carbon. (2012, December 12). Kyoto deal to dent UN carbon credit demand: Officials. CDM & JI Monitor. Retrieved from www.pointcarbon.com/news
33. Point Carbon. (2013a, October 3). Poll – Analysts raise EU carbon price forecasts. Point Carbon News Article. Retrieved from www.pointcarbon.com/news
34. 2 offset scheme. Point Carbon News Article. Retrieved from www.pointcarbon.com/news
35. K.Schumacher,, J.Cludius,, F.Matthes,, J.Diekmann,, A.Zaklan,, & J.Schleich, (2012). Price determinants of the European carbon market and interactions with energy markets. (Climate Change 11/2012). Dessau-Roßlau: Federal Environment Agency. Retrieved from http://www.umweltbundesamt.de/sites/default/files/medien/461/publikationen/4300.pdf
36. I.Shishlov,, V.Bellassen,, & B.Leguet, (2012). Joint Implementation: A frontier mechanism within the borders of an emissions cap (Climate Report No. 33). Paris: CDC Climat Research.
37. N.Stephan,, V.Bellassen,, & E.Alberola, (2014). Use of Kyoto credits by European installations: From an efficient market to a bubble burst (Climate Report No. 34). Paris: CDC Climat Research.
38. Turner, G. (2013, March 1). Structural measures in the EU ETS – Retiring allowances in Phase III. Presented at The first consultation meeting for structural measures to strengthen the EU emissions trading system, Brussels.
39. UNEP. (2013). The emissions gap report 2013. Nairobi: United Nations Environment Programme.
40. UNFCCC. (2014). Reflections on progress made at the fourth part of the second session of the Ad Hoc Working Group on the Durban Platform for Enhanced Action. Note by the Co-Chairs. Bonn: United Nations. Retrieved from http://unfccc.int/resource/docs/2014/adp2/eng/3infnot.pdf
41. United Nations. (2013a). Report on the workshop on the framework for various approaches. Note by the Secretariat(FCCC/SBSTA/2013/INF.11). Bonn: United Nations. Retrieved from http://unfccc.int/resource/docs/2013/sbsta/eng/inf11.pdf
42. United Nations. (2013b). Report on the workshop on non-market based approaches. Note by the Secretariat, (FCCC/SBSTA/2013/INF.12). Bonn: United Nations. Retrieved from http://unfccc.int/resource/docs/2013/sbsta/eng/inf12.pdf
43. United Nations. (2013c). Report on the workshop on the new market based mechanism. Note by the Secretariat(FCCC/SBSTA/2013/INF.13). Bonn: United Nations.
44. United Nations. (2013d). Review of the modalities and procedures for the Clean Development Mechanism. Decision -/CMP.9, Advanced unedited version. Bonn: United Nations. Retrieved from http://unfccc.int/files/meetings/warsaw_nov_2013/decisions/application/pdf/cmp9_cdm.pdf
45. C.Vrolijk,, & G.Phillips, (2013). Net mitigation through the CDM (Final Report for the Swedish Energy Agency. Retrieved from http://www.energimyndigheten.se/Global/Internationellt/Net%20mitigation%20through%20the%20CDM.pdf
46. C.Warnecke,, S.Wartmann,, N.Hohne,, & K.Blok, (2014). Beyond pure offsetting: Assessing options to generate net-mitigation-effects in carbon market mechanisms. Energy Policy, 68, 413–422. doi: 10.1016/j.enpol.2014.01.032
47. T.Wehnert,, N.Harms,, & W.Sterk, (2013). Ambitious new market mechanisms: Exploring frameworks for pilots (JIKO Policy Paper No. 01/2013). Wuppertal: Wuppertal Institute for Climate, Environment and Energy.
48. World Bank. (2013). Mapping carbon pricing initiatives: Developments and prospects. Washington, DC: Carbon Finance at the World Bank.