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 Design, Trading, and Innovation

David M. Driesen

in Moving to Markets in Environmental Regulation: Lessons from Twenty Years of Experience

Published in print:
2006
Published Online:
January 2007
ISBN:
9780195189650
eISBN:
9780199783694
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189650.003.0016
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter makes two theoretical claims and two empirical claims. The first theoretical claim is that emissions trading does a poorer job, in theory, of encouraging expensive innovation than ... More


 Are Cap‐and‐Trade Programs More Environmentally Effective than Conventional Regulation?

Ellerman A. Denny

in Moving to Markets in Environmental Regulation: Lessons from Twenty Years of Experience

Published in print:
2006
Published Online:
January 2007
ISBN:
9780195189650
eISBN:
9780199783694
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189650.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

This essay explains why cap-and-trade programs (in which government establishes an overall cap on pollution but allows firms to trade allocations beneath the cap) can be both more economically ... More


Moving to Markets in Environmental Regulation: Lessons from Twenty Years of Experience

Jody Freeman and Charles D. Kolstad

Published in print:
2006
Published Online:
January 2007
ISBN:
9780195189650
eISBN:
9780199783694
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189650.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

Over the last decade, market-based incentives have become the regulatory tool of choice when trying to solve difficult environmental problems. Evidence of their dominance can be seen in recent ... More


The European Union Emissions Trading Scheme

Markus Pohlmann

in Legal Aspects of Carbon Trading: Kyoto, Copenhagen, and beyond

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199565931
eISBN:
9780191722028
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199565931.003.0016
Subject:
Law, Environmental and Energy Law, Private International Law

On 29 April 1998, the European Community (EC) and the initial fifteen EU member states signed the Kyoto Protocol. Under the Kyoto Protocol, the EC and the EU member states are committed to jointly ... More


Emissions Trading in the US: Legal Issues

K Russell LaMotte, David M (Max) Williamson, and Lauren A Hopkins

in Legal Aspects of Carbon Trading: Kyoto, Copenhagen, and beyond

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199565931
eISBN:
9780191722028
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199565931.003.0018
Subject:
Law, Environmental and Energy Law, Private International Law

This chapter offers a guide to the key legal issues presented by national and sub-national greenhouse gas (GHG) regulatory initiatives in the United States. Section 2 provides an overview of ... More


Trade and Investment Implications of Carbon Trading for Sustainable Development

Cordonier Segger Marie-Claire and Gehring Markus

in Legal Aspects of Carbon Trading: Kyoto, Copenhagen, and beyond

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199565931
eISBN:
9780191722028
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199565931.003.0004
Subject:
Law, Environmental and Energy Law, Private International Law

This chapter briefly examines, based on recent legal analysis and scholarship in the field of sustainable development, the trade and investment implications of carbon trading. First, it considers how ... More


Legal Ownership and Nature of Kyoto Units and EU Allowances

Matthieu Wemaere, Charlotte Streck, and Thiago Chagas

in Legal Aspects of Carbon Trading: Kyoto, Copenhagen, and beyond

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199565931
eISBN:
9780191722028
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199565931.003.0002
Subject:
Law, Environmental and Energy Law, Private International Law

The Kyoto Protocol creates sovereign rights for parties trading Kyoto units. Kyoto parties can then authorize private entities to participate in trading under the international instrument. This ... More


Law and Policy in the European Union

Cinnamon Piñon Carlarne

in Climate Change Law and Policy: EU and US Perspectives

Published in print:
2010
Published Online:
January 2011
ISBN:
9780199553419
eISBN:
9780191594984
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199553419.003.0005
Subject:
Law, Environmental and Energy Law, Private International Law

This chapter briefly reviews the history of the EU as it relates to the role of EU institutions in environmental policy-making. It explores EU decision-making institutions and processes and the ... More


Atmospheric Accountants: Entrepreneurial Authority and the Greenhouse Gas Protocol

Jessica F. Green

in Rethinking Private Authority: Agents and Entrepreneurs in Global Environmental Governance

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691157580
eISBN:
9781400848669
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691157580.003.0006
Subject:
Political Science, International Relations and Politics

This chapter examines a case of entrepreneurial authority in the climate change regime: the Greenhouse Gas Protocol. The protocol is a set of accounting standards to measure and report greenhouse gas ... More


 Prescriptive Environmental Regulations versus Market‐Based Incentives

Jody Freeman and Charles D. Kolstad

in Moving to Markets in Environmental Regulation: Lessons from Twenty Years of Experience

Published in print:
2006
Published Online:
January 2007
ISBN:
9780195189650
eISBN:
9780199783694
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189650.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter begins with a discussion of the rationale for evaluating the performance of market instruments for environmental regulation. It then describes how the volume combined the disciplines of ... More


International Emissions Trading and Green Investment Schemes

Sander Simonetti and Rutger de Witt Wijnen

in Legal Aspects of Carbon Trading: Kyoto, Copenhagen, and beyond

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199565931
eISBN:
9780191722028
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199565931.003.0007
Subject:
Law, Environmental and Energy Law, Private International Law

The Kyoto Protocol has introduced the first ever global scheme of emissions trading. Parties included in Annex I to the United Nations Framework Convention on Climate Change (UNFCCC) with greenhouse ... More


Creating New Markets: The Chicago Climate Exchange

Richard L. Sandor

in The New Public Finance: Responding to Global Challenges

Published in print:
2006
Published Online:
October 2011
ISBN:
9780195179972
eISBN:
9780199850709
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195179972.003.0016
Subject:
Economics and Finance, International

This chapter examines the creation of new markets for international cooperation and public finance, focusing on the Chicago Climate Exchange (CCE). It suggests that it is too early to accurately ... More


Designing Incentives Regulation for the Environment

Michael Faure

in Global Environmental Commons: Analytical and Political Challenges in Building Governance Mechanisms

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199656202
eISBN:
9780191742149
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199656202.003.0012
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter provides an overview of legal and policy instruments that can be used to provide potential polluters with incentives for pollution abatement. The traditional law and economics literature ... More


The Secondary Market for Emissions Trading: Balancing Market Design and Market Based Transaction Norms

Andrew Hedges

in Legal Aspects of Carbon Trading: Kyoto, Copenhagen, and beyond

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199565931
eISBN:
9780191722028
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199565931.003.0015
Subject:
Law, Environmental and Energy Law, Private International Law

The EU Emission Trading Scheme (EU ETS) is a leading example of how to strike a balance between the necessity for a sufficiently certain market design to underpin its growth and the critically ... More


Offsets in the Emerging US Cap-and-Trade Programmes

Kyle W Danish

in Legal Aspects of Carbon Trading: Kyoto, Copenhagen, and beyond

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199565931
eISBN:
9780191722028
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199565931.003.0019
Subject:
Law, Environmental and Energy Law, Private International Law

As the United States moves forward from voluntary efforts to the establishment of mandatory cap-and-trade programmes for greenhouse gas (GHG) emissions, offsets have become a central issue of policy. ... More


The Role of Project-Based Mechanisms in the Future Carbon Market

Jos Cozijnsen and Michael J Coren

in Legal Aspects of Carbon Trading: Kyoto, Copenhagen, and beyond

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199565931
eISBN:
9780191722028
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199565931.003.0025
Subject:
Law, Environmental and Energy Law, Private International Law

This chapter addresses the following question: ‘Can offset mechanisms help promote a low-carbon economy at a reasonable cost?’ The answer to this question is, yes. They are not the entirety of the ... More


Summary and Outlook

Charlotte Streck and David Freestone

in Legal Aspects of Carbon Trading: Kyoto, Copenhagen, and beyond

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199565931
eISBN:
9780191722028
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199565931.003.0029
Subject:
Law, Environmental and Energy Law, Private International Law

In early 2010 it will be five years since the Kyoto Protocol came into force. This short period has been truly astonishing for the new world of carbon trading. The market for trading emission rights ... More


Accounting for Emissions: From Costless Activity to Market Operations *

Allan Cook

in Legal Aspects of Carbon Trading: Kyoto, Copenhagen, and beyond

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199565931
eISBN:
9780191722028
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199565931.003.0003
Subject:
Law, Environmental and Energy Law, Private International Law

This chapter examines, in the context of the European Union's new Emissions Trading Scheme under the Kyoto Protocol, the issues surrounding the aborted attempt by the International Accounting ... More


Private Actors in International and Domestic Emissions Trading Schemes

Jolene Lin

in Legal Aspects of Carbon Trading: Kyoto, Copenhagen, and beyond

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199565931
eISBN:
9780191722028
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199565931.003.0006
Subject:
Law, Environmental and Energy Law, Private International Law

This chapter analyzes the risks and opportunities for private entities in the international climate regime and domestic emissions trading schemes, respectively. It begins with an overview of carbon ... More


Global Trade for Local Benefit: Financing Energy for All in Costa Rica

René Castro and Sarah Cordero

in Providing Global Public Goods: Managing Globalization

Published in print:
2003
Published Online:
November 2003
ISBN:
9780195157406
eISBN:
9780199832965
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195157400.003.0021
Subject:
Economics and Finance, Public and Welfare

While access to energy is one of the most prominent global public goods, undisciplined pursuit of energy resources can produce serious public bads in respect of environmental impact. The case of ... More


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