International tradable carbon permits as a strong form of joint implementation
AbstractThe concept of international tradable carbon permits has been discussed in scientific circles for over ten years. Since mid 1996, however, it has become a subject of more than just academic interest. The main reason for this change is to be found in the U.S. Draft Protocol to the Framework Convention on Climate Change (FCCC), submitted by the U.S. government on January 17, 1997. The U.S. contribution to preparations for the third Conference of the Parties to the FCCC, held in Kyoto in December 1997, represents the first concrete official proposal for an international emissions trading scheme. The European Union proposal for internal community burden sharing is also in line with the broad definition of emissions trading, although the individual country quotas are currently not transferable. These proposals clearly indicate that international trade in carbon dioxide emissions has turned into a politically relevant subject. In this article, we use the term ‘strong form’ deliberately to distinguish a tradable carbon permit (TCP) scheme from a weak form of project level joint implementation. We focus on discussing the following three aspects: (1) basic requirements for a TCP scheme; (2) a blueprint for designing national TCP schemes; and (3) constituting elements of an international TCP scheme. By discussing these aspects, the chapter indicates what a TCP scheme could look like and how it relates to joint implementation.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 13300.
Date of creation: Sep 1997
Date of revision:
International tradable carbon permits; Issue of permits; Distribution of permits; The permit market; Monitoring and enforcement;
Find related papers by JEL classification:
- Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Costs; Distributional Effects; Employment Effects
- Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
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