Climate Change and Carbon Markets

This book is a guide for national and international policy-makers and industry professionals, who need to understand the carbon markets established pursuant to the Kyoto Protocol, one of the most complex agreements ever negotiated.

Climate Change and Carbon Markets

Author: Farhana Yamin

Publisher: Earthscan

ISBN: 1849770786

Page: 469

View: 739

Climate change is an environmental problem of unprecedented complexity, not just in terms of its physical, social, economic and political impacts, but particularly in terms of the range of policy instruments being designed by countries to reduce greenhouse gas emissions. Climate Change and Carbon Markets aims to provide an accessible and practical guide to cutting edge market-based mechanisms which will reduce greenhouse gas emissions. This book is a guide for national and international policy-makers and industry professionals, who need to understand the carbon markets established pursuant to the Kyoto Protocol, one of the most complex agreements ever negotiated. The book sets out how carbon markets will function by explaining the rules, institutions and procedures of the Kyoto mechanisms, including: emissions trading, joint implementation (JI) and the Clean Development Mechanism (CDM). It also provides an in-depth explanation of the EU Emissions Allowance Trading Scheme, emerging mechanisms in the US and developing countries, and how these will link up.For policy-makers, researchers and scholars; industry practitioners, companies, market service providers, technical and legal consultants, NGOs and all stakeholder organizations engaged in the Kyoto markets, this is the authoritative and comprehensive practical guide to this rapidly evolving area.Contains the full text of the key European Union documents setting up the EU Emissions Allowance Trading Scheme and the Linking Directive.

Voluntary Carbon Markets

This groundbreaking business book, written in a fast-paced journalistic style, draws together all the key information on international voluntary carbon markets with commentary from leading practitioners and business people.

Voluntary Carbon Markets

Author: Ricardo Bayon

Publisher: Earthscan

ISBN: 1849773726

Page: 185

View: 867

The world carbon market is growing at a staggering rate with trading volumes into the tens of billions of dollars and approaching a billion tonnes of carbon dioxide. The growth prospects for business are enormous and the potential positive impacts for greenhouse gas emission reductions, climate policy options, renewable energy investment, development projects and efficiency gains are increasingly apparent.A key part of the market in greenhouse gas emissions is the rapidly growing voluntary carbon market driven by companies, organizations and individuals committed to efficiency, profitability and rapid action on climate change. HSBC, Volvo, Avis, Ricoh and American Express are but a few of the many companies now offsetting their greenhouse gas emissions and becoming 'carbon neutral', fuelling an international voluntary carbon market that is growing exponentially. This groundbreaking business book, written in a fast-paced journalistic style, draws together all the key information on international voluntary carbon markets with commentary from leading practitioners and business people. The voluntary market is complex, fragmented and multi-layered, but it is beginning to consolidate around a few guiding practices and business models from which conclusions can be drawn about market direction and opportunities.The book covers all aspects of voluntary carbon markets around the world: what they are, how they work and, most critically, their business potential to help slow climate change. It is the indispensable guide for anyone seeking to understand voluntary carbon markets and capitalize on the opportunities they present for economic and environmental benefit. If you want to be ahead of the curve for the next big thing, you need this book.

Carbon Markets

Winner of the Choice Outstanding Academic Titles of 2010 award. This book is a comprehensive and accessible guide to understanding the opportunities offered by regulated and voluntary carbon markets for tackling climate change.

Carbon Markets

Author: Arnaud Brohé

Publisher: Routledge

ISBN: 1136570225

Page: 328

View: 614

Winner of the Choice Outstanding Academic Titles of 2010 award. This book is a comprehensive and accessible guide to understanding the opportunities offered by regulated and voluntary carbon markets for tackling climate change. Coverage includes: - An overview of the problem of climate change, with a concise review of the most recent scientific evidence in different fields - A highly accessible introduction to the economic theory and different constitutive elements of a carbon allowances market - Explanation of the Kyoto Protocol and its flexibility mechanisms - Explanation of how the EU Emissions Trading Scheme works in practice - Ongoing developments in regulated carbon markets in the US - Up-to-the-minute coverage of regulated carbon markets in Australia - Developments in New Zealand and Japan - Carbon offsetting and voluntary carbon markets. Combining theoretical aspects with practical applications, this book is for business leaders, financiers, carbon traders, lawyers, bankers, researchers, policy makers and anyone interested in market mechanisms to mitigate climate change. The carbon emissions resulting from the production of this book have been calculated, reduced and offset to render the book carbon neutral. Published with CO2 Neutral

Econometric Analysis of Carbon Markets

Through analysis of the European Union Emissions Trading Scheme (EU ETS) and the Clean Development Mechanism (CDM), this book demonstrates how to use a variety of econometric techniques to analyze the evolving and expanding carbon markets ...

Econometric Analysis of Carbon Markets

Author: Julien Chevallier

Publisher: Springer Science & Business Media

ISBN: 9789400724129

Page: 217

View: 885

Through analysis of the European Union Emissions Trading Scheme (EU ETS) and the Clean Development Mechanism (CDM), this book demonstrates how to use a variety of econometric techniques to analyze the evolving and expanding carbon markets sphere, techniques that can be extrapolated to the worldwide marketplace. It features stylized facts about carbon markets from an economics perspective, as well as covering key aspects of pricing strategies, risk and portfolio management.

Forest Carbon Markets Potential and Drawbacks

This report describes current markets for forest carbon sequestration, the potential for using forest to offset other sources of greenhouse gas emissions, and the drawbacks related to forest carbon sequestration efforts.

Forest Carbon Markets  Potential and Drawbacks

Author:

Publisher: DIANE Publishing

ISBN: 1437922708

Page:

View: 387

Climate Change Solutions

A growing numBer of climate change policies call for emissions trading or carbon
markets, usually a combination of cap-and-trade and carbon ofsets schemes. For
example, Article of the Paris Climate Agreement establishes a new carbon ...

Climate Change Solutions

Author: Diana Stuart

Publisher:

ISBN: 0472038478

Page: 204

View: 923

Climate Change Solutions represents an application of critical theory to examine proposed solutions to climate change. Drawing from Marx's negative conception of ideology, the authors illustrate how ideology continues to conceal the capital-climate contradiction or the fundamental incompatibility between growth-dependent capitalism and effectively and justly mitigating climate change. Dominant solutions to climate change that offer minor changes to the current system fail to address this contradiction. However, alternatives like degrowth involve a shift in priorities and power relations and can offer new systemic arrangements that confront and move beyond the capital-climate contradiction. While there are clear barriers to a systemic transition that prioritizes social and ecological well-being, such a transition is possible and desirable.

The role of carbon markets in preventing dangerous climate change

See also Larry Lohmann , Carbon Trading : A Critical Conversation on Climate
Change , Privatization and Power , Uppsala , 2006 . Short - term cost -
effectiveness , of course , has been increasingly at a premium in the post - 1970s
era of ...

The role of carbon markets in preventing dangerous climate change

Author: Great Britain: Parliament: House of Commons: Environmental Audit Committee

Publisher: The Stationery Office

ISBN: 9780215543776

Page: 296

View: 165

Emissions trading is central to the Government's efforts to reduce greenhouse gas emissions in the UK. This inquiry examines the prospects for a global carbon market and the implications of this for further development of the European Union Emissions Trading System (EU ETS). It reviews the impact and future prospects for the EU ETS in meeting the Government's twin objectives of reducing emissions at lowest cost and setting a carbon price that delivers investment in low-carbon technologies. The EU ETS has emissions caps set too high to force emitters to make the often costly investment decisions which would reduce emissions. The recession has only served to loosen what little constraint the cap provided. The carbon price has been too low to encourage the necessary investment in low-carbon processes and infrastructure. The cap mechanism therefore needs to be significantly tightened. This should be supported by cancelling 'new entrant reserve' allowances and auctioning as many allowances as possible, rather than giving them away for free (with the revenues possibly hypothecated to climate change measures). The Government should explore the possible use of a carbon tax. It should also encourage more use of allowance auctions with reserve prices, more use of incentives for low-carbon power generation and emissions performance standards for electricity generation. The emphasis should also be on harmonising the approach internationally, and on extending effective emissions trading systems. The Committee lists 19 conclusions and recommendations.

The Carbon Market

"The primer is intended to provide a comprehensive overview of the evolving greenhouse gas (GHG) credit or carbon credit and related markets; describe the role airports play in these markets; [and] identify areas where U.S. airports may be ...

The Carbon Market

Author: Melissa Ritter

Publisher: Transportation Research Board

ISBN: 0309213681

Page: 72

View: 253

"The primer is intended to provide a comprehensive overview of the evolving greenhouse gas (GHG) credit or carbon credit and related markets; describe the role airports play in these markets; [and] identify areas where U.S. airports may be able to participate and capture additional revenue or other forms of reputational or environmental stewardship value from these markets"--P. 5.

The Politics of Carbon Markets

Not only this, but markets continue to proliferate - particularly in the Global South. The Politics of Carbon Markets helps to make sense of this paradox and brings two urgently needed insights to the analysis of carbon markets.

The Politics of Carbon Markets

Author: Benjamin Stephan

Publisher: Routledge

ISBN: 1134590121

Page: 284

View: 723

The carbon markets are in the middle of a fundamental crisis - a crisis marked by collapsing prices, fleeing actors, and ever increasing greenhouse gas levels. Yet carbon trading remains at the heart of global attempts to respond to climate change. Not only this, but markets continue to proliferate - particularly in the Global South. The Politics of Carbon Markets helps to make sense of this paradox and brings two urgently needed insights to the analysis of carbon markets. First, the markets must be understood in relation to the politics involved in their development, maintenance and opposition. Second, this politics is multiform and pervasive. Implementation of new techniques and measuring tools, policy development and contestation, and the structuring context of institutional settings and macro-social forces all involve a variety of political actors and create new forms of political agency. The contributions study the total extent of the carbon markets, from their prehistory to their contemporary expansion and wider impacts. This wide-ranging political perspective on the carbon markets is invaluable to those studying and interested in ecological markets, climate change governance and environmental politics.

Climate Change Carbon Trading and Civil Society

Later in April 2007 , after an exhaustive series on problems associated with
carbon trading and offsets - including the headline ' Industry caught in carbon “
smokescreen ” ! – The Financial Times editorialised in favour of taxes , against
trading ...

Climate Change  Carbon Trading and Civil Society

Author: Patrick Bond

Publisher: University of Natal Press

ISBN:

Page: 231

View: 817

Rev. ed. of: Climate change, carbon trading and civil society. 2nd ed. 2007.

Legal Aspects of Carbon Trading

This work covers the legal aspects of these schemes, as well as reform of the ETS, and the successor regime to the 1997 Kyoto Protocol currently being negotiated. It will be invaluable to those involved in the field.

Legal Aspects of Carbon Trading

Author: David Freestone

Publisher: Oxford University Press

ISBN: 0199565937

Page: 657

View: 216

Since 2005 the carbon market has grown to a value of nearly $100 billion per annum, including the EU Emissions Trading Scheme and other schemes. This work covers the legal aspects of these schemes, as well as reform of the ETS, and the successor regime to the 1997 Kyoto Protocol currently being negotiated. It will be invaluable to those involved in the field.

Carbon Markets in a Climate Changing Capitalism

Explores what went wrong with global carbon markets and what this means for future climate change policy and capitalism.

Carbon Markets in a Climate Changing Capitalism

Author: Gareth Bryant

Publisher: Cambridge University Press

ISBN: 1108421733

Page: 192

View: 404

Explores what went wrong with global carbon markets and what this means for future of climate change policy and capitalism.

Effective Global Carbon Markets

As numerous jurisdictions implement emissions mitigation mechanisms that put a price on carbon, this incisive book explores the emerging emissions markets and their diverse and fragmented nature.

Effective Global Carbon Markets

Author: Justin D. Macinante

Publisher: Edward Elgar Publishing

ISBN: 1839109483

Page: 264

View: 134

As numerous jurisdictions implement emissions mitigation mechanisms that put a price on carbon, this incisive book explores the emerging emissions markets and their diverse and fragmented nature. It proposes an innovative model for connecting such markets, offering a significantly more successful and expeditious achievement of climate policy objectives.

A Forward Backward SDEs Approach to Pricing in Carbon Markets

This Brief reviews mathematical properties such as the existence and uniqueness of solutions for the pricing problem, stability of solutions and their behavior.

A Forward Backward SDEs Approach to Pricing in Carbon Markets

Author: Jean-François Chassagneux

Publisher: Springer

ISBN: 3319631152

Page: 104

View: 625

In Mathematical Finance, the authors consider a mathematical model for the pricing of emissions permits. The model has particular applicability to the European Union Emissions Trading System (EU ETS) but could also be used to consider the modeling of other cap-and-trade schemes. As a response to the risk of Climate Change, carbon markets are currently being implemented in regions worldwide and already represent more than $30 billion. However, scientific, and particularly mathematical, studies of these carbon markets are needed in order to expose their advantages and shortcomings, as well as allow their most efficient implementation. This Brief reviews mathematical properties such as the existence and uniqueness of solutions for the pricing problem, stability of solutions and their behavior. These fit into the theory of fully coupled forward-backward stochastic differential equations (FBSDEs) with irregular coefficients. The authors present a numerical algorithm to compute the solution to these non-standard FBSDEs. They also carry out a case study of the UK energy market. This involves estimating the parameters to be used in the model using historical data and then solving a pricing problem using the aforementioned numerical algorithm. The Brief is of interest to researchers in stochastic processes and their applications, and environmental and energy economics. Most sections are also accessible to practitioners in the energy sector and climate change policy-makers.

Global Carbon Trading

The Global Carbon Trading report was commissioned by the Prime Minister to examine the role of cap and trade systems internationally and the main challenges that will be faced as they develop.

Global Carbon Trading

Author: Mark Lazarowicz

Publisher: Stationery Office/Tso

ISBN: 9780117064508

Page: 144

View: 273

The Global Carbon Trading report was commissioned by the Prime Minister to examine the role of cap and trade systems internationally and the main challenges that will be faced as they develop. There is now overwhelming evidence that climate change is happening more rapidly than scientists had predicted and the declaration was made at the G8 summit in July 2009 to reduce emissions and limit the global temperature rise to below 2 degree C. Global carbon trading is an important tool in reducing greenhouse gas emissions. This report delivers an important contribution to tackling greenhouse gas emissions. It examines the strengths and limitations of current carbon trading systems and sets out a strategic approach to the development of global carbon trading over the coming years.The aims of this report fall into four broad categories: to provide a balanced assessment of evidence for the benefits and limitations of cap and trade; to set out a long-term framework for cap and trade systems; to provide a roadmap for expanding and linking cap and trade systems in developed countries and intermediary systems In developing countries; to assess the governance and institutional requirements of a global carbon trading system.

Demystifying Carbon Markets

This book is a beginner s guide for entrepreneurs who want to assess whether they can generate additional revenue with carbon credits.

Demystifying Carbon Markets

Author: Michiel Arnoldus

Publisher: Kit Press

ISBN: 9789460221828

Page: 135

View: 918

Setting up a social and environmentally sustainable business is hard work. Most entrepreneurs struggle to raise investment capital and make a small profit. Carbon credits can be a welcome source of additional revenue for those businesses and projects that reduce greenhouse gas emissions. But where do you start? Practical information that is easy to apply to your specific situation is hard to find. The information you can find is often either too general, or full of complicated terminology. Hiring an expert is risky without an indication of whether you will be able to earn the money back. As a result many entrepreneurs are discouraged and never properly explore the possibilities of carbon credits, or get stuck somewhere in the process. This book is a beginner's guide for entrepreneurs who want to assess whether they can generate additional revenue with carbon credits. It provides a concise overview of the basics of carbon credits with a minimum of jargon, and illustrated with practical examples from real cases. Topics include: What are carbon credits? What are the basic requirements for a business or project to produce carbon credits? Where and how are they sold? What are the current prices and what influences these? Who are the different players in the industry, and what do they do? What are the different steps in the development of a carbon offset project? How do I choose a certification standard? How can I estimate the amount of carbon credits and revenue I can generate? This book addresses these questions in a way that is relevant to a wide variety of project types. Particular attention is given to the challenges of smaller projects in developing countries as well as forestry, agroforestry and biofuel projects.