Based on CCAP’s progress to date on its virtual pilot program and ongoing engagement with developing country partners, we assess that many Parties are not ready to engage fully in the negotiations of rules for the implementation of Article 6 of the Paris Agreement. Parties would be well advised to continue to consider basic points... continue reading »
A report by Wuhan University and the Center for Clean Air Policy (CCAP)
This paper addresses some issues that will need to be addressed to implement NAMAs and sector crediting. It discusses cap-and-trade programs for developing countries, international linkages, emission caps for certain sectors through “trading” programs, and No-Lose approaches. It highlights some of the key advantages at the present time of employing a tradable intensity standard to... continue reading »
This paper discusses trading system design elements that could help prevent market disruptions, including aspects of allowance auctions, transaction registries, allowance banking, and price stabilizing mechanisms. It raises the possibility of employing temporary, special methods in the early years of program implementation to create an added degree of safety as firms and regulators gain experience... continue reading »
This final report summarizes all the working papers and discussions that focused on specific areas and issues and presents recommendations to the Slovak government on a domestic CO2 cap-and-trade system.
Part of the Airlie Carbon Trading Papers, this report examines alternative approaches to expanding the coverage of a downstream trading system by bringing in facilities from farther upstream. It calls attention to a number of issues that would need to be addressed in integrating upstream and downstream facilities into a single system, most notably the... continue reading »
Part of the Airlie Carbon Trading Papers, this report examines four approaches to carbon emissions trading for transportation emissions in the United States: upstream trading, vehicle maker-based trading, an upstream/vehicle maker hybrid, and upstream trading combined with vehicle maker carbon efficiency standards. To put consideration of emissions trading in a broader context, we begin with... continue reading »
This paper compares upstream, downstream and hybrid approaches to designing a greenhouse gas cap-and-trade system for the European Union. These trading models are assessed with reference to five policy criteria: economic efficiency, environmental effectiveness, distributional implications, administrative feasibility and cultural acceptability. This paper focuses on the first three criteria while noting considerations relevant to the... continue reading »
This paper provides a “strawman” proposal, originally intended to generate dialogue with Member States present at a 1999 workshop. The proposal provides a detailed profile of how a more limited EU-wide emissions trading system covering selected industrial sectors combined with the current system of policies and measures could go into effect in advance of 2008.
This paper deals with the issues relating to the allocation of emission allowances (or equivalently Parts of Assigned Amount, PAAs) among and within States. This paper was prepared primarily to provide background information to members of the Study Team on key issues related to the design of an European emissions trading scheme and to assist the... continue reading »
The purpose of this paper is to examine the compliance-related aspects of greenhouse gas emissions trading in the European Union. The compliance-related components of trading include measurement of emissions, reporting of emissions, verification by regulatory authorities of reported emissions, and sanctions for noncompliance.
Part of the Airlie Carbon Trading Papers, this report evaluates the design questions for a cap-and-trade system that could be implemented “downstream,” at or near the point of CO2 emissions.
Part of the Airlie Carbon Trading Papers, this report presents an approach for including biomass fuels in a carbon emissions trading program. Under this method, plantations that produce carbon-neutral biomass would be certified as having done so. An upstream trading system (where mission allowances are required of fuel producers) would mean that the plantations would... continue reading »
Part of the Airlie Carbon Trading Papers, this report provides a closer look at the use of fossil energy for non-fuel purposes in the US, and then presents alternative policy options for accounting for this non-fuel use in an upstream trading system. The paper argues for a two-track approach to accounting for non-fuel uses: First,... continue reading »
Part of the Airlie Carbon Trading Papers, this report makes the case that an upstream GHG cap-and-trade system would be a cost-effective, fair and feasible approach to domestic carbon regulation. Upstream carbon trading would have two major advantages over a downstream approach.
Part of the Airlie Carbon Trading Papers, this report argues that an auction is the best way to allocate allowances in a carbon cap-and-trade system.To minimize administrative costs, allowances would be required primarily at the level of oil refineries, natural gas pipelines, natural gas liquid sellers, and coal processing plants. To maximize liquidity in secondary... continue reading »
This policy brief provides an overview on the benefits of emissions trading systems.