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International tradable carbon permits as a strong form of joint implementation

Author

Listed:
  • Zhang, ZhongXiang
  • Nentjes, Andries

Abstract

The 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.

Suggested Citation

  • Zhang, ZhongXiang & Nentjes, Andries, 1997. "International tradable carbon permits as a strong form of joint implementation," MPRA Paper 13300, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:13300
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    File URL: https://mpra.ub.uni-muenchen.de/13300/1/MPRA_paper_13300.pdf
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    References listed on IDEAS

    as
    1. ZhongXiang Zhang, 1998. "The Economics of Energy Policy in China," Books, Edward Elgar Publishing, number 1291.
    2. Parry, Ian W. H. & Williams, Roberton III & Goulder, Lawrence H., 1999. "When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets," Journal of Environmental Economics and Management, Elsevier, vol. 37(1), pages 52-84, January.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Edwin Woerdman & Wytze van der Gaast, 2001. "Project-Based Emissions Trading: The Impact of Institutional Arrangements on Cost-Effectiveness," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 6(2), pages 113-154, June.
    2. Zhang, Zhong Xiang, 2001. "Why has the energy intensity fallen in China's industrial sector in the 1990s?: the relative importance of structural change and intensity change," CDS Research Reports 200111, University of Groningen, Centre for Development Studies (CDS).
    3. Boom, Jan-Tjeerd, 2001. "International emissions trading under the Kyoto Protocol: : credit trading," Energy Policy, Elsevier, vol. 29(8), pages 605-613, June.
    4. Suzi Kerr & Catherine Leining, 2003. "Joint Implementation in Climate Change Policy," Working Papers 03_04, Motu Economic and Public Policy Research.
    5. Sabzevar, Nikoo & Enns, S.T. & Bergerson, Joule & Kettunen, Janne, 2017. "Modeling competitive firms' performance under price-sensitive demand and cap-and-trade emissions constraints," International Journal of Production Economics, Elsevier, vol. 184(C), pages 193-209.
    6. Zhang, Zhong Xiang, 1999. "International greenhouse gas emissions trading: who should be held liable for the non-compliance by sellers?," Ecological Economics, Elsevier, vol. 31(3), pages 323-329, December.
    7. Farhana Yamin & Jean-Marc Burniaux & Andries Nentjes, 2001. "Kyoto Mechanisms: Key Issues for Policy-makers for COP-6," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 1(2), pages 187-218, April.
    8. Edwin Woerdman, 2000. "Competitive Distortions In An International Emissions Trading Market," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 5(4), pages 337-360, December.

    More about this item

    Keywords

    International tradable carbon permits; Issue of permits; Distribution of permits; The permit market; Monitoring and enforcement;

    JEL classification:

    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and 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 and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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