More than Reforming the Markets, Electricity Tariff Reform Can Be Helpfull in Adressing High Prices
In an article published in "Le Monde ", energy economist Cédric Philibert recommends a progressive and real-time pricing system, which would preserve the incentive effects that would be eliminated by the abolition of the single European market.
China’s National Carbon Market: a Game Changer in the Making?
As 2017 drew to close, China officially approved plans for its long-awaited national Emission Trading Scheme (ETS) and the National Development and Reform Commission (NDRC) outlined some of the implementation details[1]. Though it will be limited to the power sector (and combined heat and power, or CHP) at first, it will nevertheless be the world’s largest carbon market. It is expected to cover 1,700 companies representing approximately 30% of China’s total greenhouse gas (GHG) emissions. China’s CO2 emissions from fuel combustion amounted to approximately 8,796 metric tonnes of CO2 equivalent (MtCO2Eq.) in 2016, and seem to remain stable since 2014, though they appear to increase again in 2017[2]. Shanghai should host the national market exchange, which will be jointly owned by the governments of other provinces while Hubei should host the registry[3].
The Role of Sub-National Actors in Climate Change Policy. The Case of Tokyo
Tokyo is known as a pioneer throughout the history of Japan’s environmental policy, often being compared to California in the United States or Paris in France. Following the global trend of growing local initiatives tackling climate change, Tokyo introduced a cap-and-trade scheme in 2010 ahead of a national implementation.
What's in a Name? Market-based Instruments for Biodiversity
The use of Market-based Instruments (MBIs) for the management of biodiversity and ecosystem services - carbon trading schemes, payment for ecosystem services, mitigation banking, etc. - is currently booming. But the definition and underpinning theory of these tools remain unsettled. It is therefore necessary to advance in the definition, theory and consistent classification of these instruments.
EU GHG Emission Targets: "Mind the gap"
While the actual price of carbon emissions in the EU market is at the extremely low level of €6 per tonne, it is crucial to track European emission trends and to compare them with the commitments of the EU-15 under the Kyoto Protocol and the targets set by the EU-27 for 2020.
China’s National Carbon Market: a Game Changer in the Making?
As 2017 drew to close, China officially approved plans for its long-awaited national Emission Trading Scheme (ETS) and the National Development and Reform Commission (NDRC) outlined some of the implementation details[1]. Though it will be limited to the power sector (and combined heat and power, or CHP) at first, it will nevertheless be the world’s largest carbon market. It is expected to cover 1,700 companies representing approximately 30% of China’s total greenhouse gas (GHG) emissions. China’s CO2 emissions from fuel combustion amounted to approximately 8,796 metric tonnes of CO2 equivalent (MtCO2Eq.) in 2016, and seem to remain stable since 2014, though they appear to increase again in 2017[2]. Shanghai should host the national market exchange, which will be jointly owned by the governments of other provinces while Hubei should host the registry[3].
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