Existing and Proposed Schemes

Partnership for Market Readiness

Existing and Proposed Schemes | Domestic Emissions Trading

2015

Partnership for Market Readiness

This document provides an overview and summary assessment of lessons and insights learned from various existing and presented domestic cap and trade schemes. For each scheme, a set of general characteristics (or issues) is considered. The characteristics (or issues) covered include the following: (i) coverage and scope; (ii) setting a cap; (iii) setting the points of obligation; (iv) allocation of allowances; (v) systems for domestic monitoring, reporting and verification, (MRV) and compliance; (vi) enabling trading and fostering stability; (vii) institutional arrangements, including technical and legal infrastructures; and (viii) use of offsets and linking. The domestic emissions trading schemes (ETS) included in this assessment are the following: (i) European Union (EU) ETS; (ii) New Zealand (NZ) ETS; (iii) United States (U.S.) northeast states regional greenhouse gas initiative (RGGI); (iv) California (Cal) ETS; (v) Australia clean energy future carbon pricing mechanism (Aus CPM); and (vi) Tokyo cap and trade program (C and T).

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AGROVOC Keywords

afforestation air allocation ammonia atmosphere availability balance carbon cement climate climate change climate change mitigation co2 coal crude oil electricity emission energy consumption energy efficiency forestry forests fossil fossil fuels fuels greenhouse gases hydropower insurance iron landfills methane natural gas nitrous oxide nuclear energy ozone penalties petroleum price volatility renewable energy wind wind power

Bibliographic information

Publisher

World Bank, Washington, DC

Other Subjects

Combustion activities; Emission level; Gas emission; Emissions from deforestation; Ghgs; Forest projects; Emissions reduction; Price of allowances; Forest; Fossil fuel power; Pfcs; Carbon market; Thermal input; Petroleum products; Nuclear power; Carbon credits; Ozone depleting substances; Free allocation; Emissions from industry; Cost of energy; Abatement costs; Market distortions; Power plant; Emissions from agriculture; Waste; Electric utilities; Emission trading; Carbon trading; Forest lands; National emissions; Approach; Economic activity; Forestry activities; Ghg; Natural gas systems; Carbon price; Air resources; Clean energy; Electricity generating; Zero emissions; Marginal abatement; Solar power; Land-use change; Financial loss; International credits; Emissions from fuel combustion; District heating; Energy prices; Carbon units; Greenhouse gas; Emissions reductions; N2o; Sf6; Environmental integrity; Sink; Fugitive emissions; Historical emissions; Major emitter; Oil equivalent; Base-year emissions; Cement plant; Annual cap; Emissions from fuel; Windfall profits; Atmospheric concentrations; Offset projects; Price signal; Emissions intensity; Coal mines; Oil refineries; Energy-saving measures; Greenhouse; Emissions from energy; Policy makers; Minimum price; Gas projects; Secondary markets; Allowance; Emissions factors; Caps; Emissions; Allocation of allowances; Trading programs; Level of emissions; Auction; Natural gas infrastructure; Domestic emissions; Financial markets; Geothermal power; Generation; Distribution of costs; Value of allowances; Clean energy technologies; Regional greenhouse gas initiative; Carbon offset; Emissions from aviation; Member states; Organic chemicals; Total emissions; Use of offsets; Emissions levels; Fossil fuel; Allowance allocations; Cement plants; Annual emissions; Investment decisions; Feasibility; Renewable energies; Offset credits; Emission reductions

Language

English

Type

Working Paper; Text; Working Paper

In AGRIS since: 2016-03-15

Format: AGRIS AP

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Existing and Proposed Schemes | Domestic Emissions Trading

2015

AGROVOC Keywords

Bibliographic information