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New Zealand's emissions trading scheme

Author

Listed:
  • Nan Jiang
  • Basil Sharp
  • Mingyue Sheng

Abstract

In 2008, New Zealand became the first country to introduce a comprehensive Emissions Trading Scheme that includes all sectors and all gases. While NZ can claim the high ground in the international arena, the emissions trading scheme will impose substantial economic costs and its success will hinge on the emergence of an open, viable, and liquid international carbon market. We provide an overview of NZ's Emission Trading Scheme and discuss its implications for the country's economy.

Suggested Citation

  • Nan Jiang & Basil Sharp & Mingyue Sheng, 2009. "New Zealand's emissions trading scheme," New Zealand Economic Papers, Taylor & Francis Journals, vol. 43(1), pages 69-79.
    • Handle: RePEc:taf:nzecpp:v:43:y:2009:i:1:p:69-79
    DOI: 10.1080/00779950902803993
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    References listed on IDEAS

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    1. Karan Capoor & Philippe Ambrosi, "undated". "State and Trends of the Carbon Market 2007," World Bank Publications - Reports 13407, The World Bank Group.
    2. repec:wbk:wboper:13406 is not listed on IDEAS
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    Cited by:

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    2. Eric Karpas & Suzi Kerr, 2011. "Preliminary Evidence on Responses to the New Zealand Forestry Emissions Trading Scheme," Working Papers 11_09, Motu Economic and Public Policy Research.
    3. Lyu, Chenyan & Jamasb, Tooraj & Spanholtz, Jan Peter Georg, 2021. "The Long Covid of Energy Markets and Prices," Working Papers 16-2021, Copenhagen Business School, Department of Economics, revised 02 Nov 2021.
    4. Gren, Ing-Marie & Zeleke, Abenezer Aklilu, 2016. "Policy design for forest carbon sequestration: A review of the literature," Forest Policy and Economics, Elsevier, vol. 70(C), pages 128-136.
    5. Innocent Bakam & Robin Matthews, 2009. "Emission trading in agriculture: a study of design options using an agent-based approach," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 14(8), pages 755-776, December.
    6. Keswani Mehra, Meeta & Mukherjee, Saptarshi & Dutta, Monica, 2012. "Toward a framework for implementation of climate change treaty through self-enforcing mechanisms," MPRA Paper 36286, University Library of Munich, Germany.
    7. Hua, Weiqi & Jiang, Jing & Sun, Hongjian & Wu, Jianzhong, 2020. "A blockchain based peer-to-peer trading framework integrating energy and carbon markets," Applied Energy, Elsevier, vol. 279(C).
    8. Amelia Sharman & Richard Perkins, 2017. "Post-decisional logics of inaction: The influence of knowledge controversy in climate policy decision-making," Environment and Planning A, , vol. 49(10), pages 2281-2299, October.
    9. Mario A. Fernandez & Adam J. Daigneault, 2018. "Money Does Grow On Trees: Impacts Of The Paris Agreement On The New Zealand Economy," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 1-23, August.
    10. Matthies, Brent D. & Kalliokoski, Tuomo & Ekholm, Tommi & Hoen, Hans Fredrik & Valsta, Lauri T., 2015. "Risk, reward, and payments for ecosystem services: A portfolio approach to ecosystem services and forestland investment," Ecosystem Services, Elsevier, vol. 16(C), pages 1-12.
    11. Jessika Richter & Luis Mundaca, 2015. "Achieving and maintaining institutional feasibility in emissions trading: the case of New Zealand," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 20(8), pages 1487-1509, December.
    12. Matthies, Brent D. & Valsta, Lauri T., 2016. "Optimal forest species mixture with carbon storage and albedo effect for climate change mitigation," Ecological Economics, Elsevier, vol. 123(C), pages 95-105.

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    Keywords

    climate change; tradable emission rights;

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