Lessons Learned from Linking Emissions Trading Systems : General Principles and Applications
In support of the partnership for market readiness work on helping the emergence of credible, consistent, and compatible market-based infrastructure across countries, this report reviews the lessons learned from linking greenhouse gas emissions tra...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2014/02/24192587/lessons-learned-linking-emissions-trading-systems-general-principles-applications http://hdl.handle.net/10986/21819 |
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okr-10986-21819 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ABATEMENT COSTS AGGREGATE LEVEL AIR ALLOCATION ALLOWANCE ALLOWANCE ALLOCATIONS ALLOWANCE DISTRIBUTION ALLOWANCE PRICE ANNUAL CAP ANNUAL EMISSIONS AUCTION AUCTIONS AVERAGE PRICE BUYER BUYERS CALCULATION CARB CARBON CARBON LEAKAGE CARBON MARKET CARBON MARKETS CARBON PRICE CARBON SEQUESTRATION CARBON TAX CASH FLOWS CERTIFIED EMISSION REDUCTIONS CLEAN ENERGY CLIMATE CLIMATE CHANGE CLIMATE POLICY CO CO2 COMMUNICATION TECHNOLOGIES COMPETITIVENESS CONFIDENTIALITY CONVERGENCE DATA MANAGEMENT DISSOLUTION DISTRIBUTION OF ALLOWANCES DISTRIBUTIONAL EFFECTS DOMESTIC MARKET DOMESTIC OFFSETS ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC GROWTH RATE EMISSION EMISSION ALLOWANCES EMISSION REDUCTION EMISSION REDUCTION TARGETS EMISSION REDUCTIONS EMISSION TRADING EMISSIONS EMISSIONS CAPS EMISSIONS LEAKAGE EMISSIONS LIMITATION EMISSIONS REDUCTION ENGINEERING ENVIRONMENTAL BENEFITS ENVIRONMENTAL INTEGRITY ENVIRONMENTAL POLICY EXCHANGE RATE FEASIBILITY FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL RISKS FORESTS FREE ALLOCATION FREE ALLOWANCES FREQUENTLY ASKED QUESTIONS GHG GLOBAL WARMING GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSION GREENHOUSE GAS EMISSIONS GREENHOUSE GAS MITIGATION GREENHOUSE GAS REDUCTIONS GREENHOUSE GASES HARMONIZATION HFCS HYDROFLUOROCARBONS IMPACTS ON EMISSIONS IMPORTS INSTALLATIONS INTEGRATED SYSTEMS INTERNATIONAL EMISSIONS INTERNATIONAL LAW LEGAL ISSUES LOWER PRICE MANAGEMENT SYSTEMS MARGINAL ABATEMENT MARGINAL ABATEMENT COST MARKET POWER MATERIAL MINIMUM PRICE NATIONAL EMISSIONS ODS OFFSET CREDITS OZONE PENALTIES PERFLUOROCARBONS PFCS PRICE CAP PRICE CAPS PRICE CEILING PRICE CHANGES PRICE FLOOR PRICE IMPACTS PRICE INCREASE PRICE OF ALLOWANCES PRICE STABILITY PRICE STABILIZATION PROCUREMENT PROTOCOL PROTOCOLS PUBLISHING QUANTITY OF OFFSETS REGIONAL GREENHOUSE GAS INITIATIVE REGISTRIES REGISTRY RELATIVE PRICES RESULTS SALE SALES SF6 SPREAD SULPHUR SUPERVISION SYSTEM DESIGN TECHNICAL SUPPORT TOTAL COST TOTAL EMISSIONS TRADE SYSTEM TRADE SYSTEMS TRADING PARTNERS TRANSACTION TRANSACTION COSTS VERIFICATION PMR |
| spellingShingle |
ABATEMENT COSTS AGGREGATE LEVEL AIR ALLOCATION ALLOWANCE ALLOWANCE ALLOCATIONS ALLOWANCE DISTRIBUTION ALLOWANCE PRICE ANNUAL CAP ANNUAL EMISSIONS AUCTION AUCTIONS AVERAGE PRICE BUYER BUYERS CALCULATION CARB CARBON CARBON LEAKAGE CARBON MARKET CARBON MARKETS CARBON PRICE CARBON SEQUESTRATION CARBON TAX CASH FLOWS CERTIFIED EMISSION REDUCTIONS CLEAN ENERGY CLIMATE CLIMATE CHANGE CLIMATE POLICY CO CO2 COMMUNICATION TECHNOLOGIES COMPETITIVENESS CONFIDENTIALITY CONVERGENCE DATA MANAGEMENT DISSOLUTION DISTRIBUTION OF ALLOWANCES DISTRIBUTIONAL EFFECTS DOMESTIC MARKET DOMESTIC OFFSETS ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC GROWTH RATE EMISSION EMISSION ALLOWANCES EMISSION REDUCTION EMISSION REDUCTION TARGETS EMISSION REDUCTIONS EMISSION TRADING EMISSIONS EMISSIONS CAPS EMISSIONS LEAKAGE EMISSIONS LIMITATION EMISSIONS REDUCTION ENGINEERING ENVIRONMENTAL BENEFITS ENVIRONMENTAL INTEGRITY ENVIRONMENTAL POLICY EXCHANGE RATE FEASIBILITY FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL RISKS FORESTS FREE ALLOCATION FREE ALLOWANCES FREQUENTLY ASKED QUESTIONS GHG GLOBAL WARMING GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSION GREENHOUSE GAS EMISSIONS GREENHOUSE GAS MITIGATION GREENHOUSE GAS REDUCTIONS GREENHOUSE GASES HARMONIZATION HFCS HYDROFLUOROCARBONS IMPACTS ON EMISSIONS IMPORTS INSTALLATIONS INTEGRATED SYSTEMS INTERNATIONAL EMISSIONS INTERNATIONAL LAW LEGAL ISSUES LOWER PRICE MANAGEMENT SYSTEMS MARGINAL ABATEMENT MARGINAL ABATEMENT COST MARKET POWER MATERIAL MINIMUM PRICE NATIONAL EMISSIONS ODS OFFSET CREDITS OZONE PENALTIES PERFLUOROCARBONS PFCS PRICE CAP PRICE CAPS PRICE CEILING PRICE CHANGES PRICE FLOOR PRICE IMPACTS PRICE INCREASE PRICE OF ALLOWANCES PRICE STABILITY PRICE STABILIZATION PROCUREMENT PROTOCOL PROTOCOLS PUBLISHING QUANTITY OF OFFSETS REGIONAL GREENHOUSE GAS INITIATIVE REGISTRIES REGISTRY RELATIVE PRICES RESULTS SALE SALES SF6 SPREAD SULPHUR SUPERVISION SYSTEM DESIGN TECHNICAL SUPPORT TOTAL COST TOTAL EMISSIONS TRADE SYSTEM TRADE SYSTEMS TRADING PARTNERS TRANSACTION TRANSACTION COSTS VERIFICATION PMR Partnership for Market Readiness Lessons Learned from Linking Emissions Trading Systems : General Principles and Applications |
| relation |
Partnership for Market Readiness technical
papers;no. 7 |
| description |
In support of the partnership for market
readiness work on helping the emergence of credible,
consistent, and compatible market-based infrastructure
across countries, this report reviews the lessons learned
from linking greenhouse gas emissions trading systems. Two
emissions trading systems (ETS) are linked if a participant
in one system can use a compliance instrument (allowance or
credit) issued by the administrator of either system for
compliance. This report focuses on links that enable
participants of both ETS to use compliance instruments from
either system (bilateral links). The linked systems can
adopt common compliance instruments. Or each system can
retain its own compliance instruments and accept those from
either ETS for compliance, possibly subject to restrictions.
A bilateral link offers three potential benefits. First, it
can make an ETS a viable policy option for a jurisdiction
where an independent ETS will be infeasible for technical or
cost reasons. Second, a bilateral link can reduce the total
cost of achieving the combined emissions caps of the linked
ETS. Third, a bilateral link can enhance the operation of
the market for the compliance instrument(s). Section one
gives background information. Section two presents the types
of links an ETS can establish and discusses the potential
benefits and risks of linking. The requirements for a
bilateral link between two ETS are summarized in section
three. How to implement a bilateral link is discussed in
section four. |
| format |
Working Paper |
| author |
Partnership for Market Readiness |
| author_facet |
Partnership for Market Readiness |
| author_sort |
Partnership for Market Readiness |
| title |
Lessons Learned from Linking Emissions Trading Systems : General Principles and Applications |
| title_short |
Lessons Learned from Linking Emissions Trading Systems : General Principles and Applications |
| title_full |
Lessons Learned from Linking Emissions Trading Systems : General Principles and Applications |
| title_fullStr |
Lessons Learned from Linking Emissions Trading Systems : General Principles and Applications |
| title_full_unstemmed |
Lessons Learned from Linking Emissions Trading Systems : General Principles and Applications |
| title_sort |
lessons learned from linking emissions trading systems : general principles and applications |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2014/02/24192587/lessons-learned-linking-emissions-trading-systems-general-principles-applications http://hdl.handle.net/10986/21819 |
| _version_ |
1764449209170264064 |
| spelling |
okr-10986-218192021-04-23T14:04:04Z Lessons Learned from Linking Emissions Trading Systems : General Principles and Applications Partnership for Market Readiness ABATEMENT COSTS AGGREGATE LEVEL AIR ALLOCATION ALLOWANCE ALLOWANCE ALLOCATIONS ALLOWANCE DISTRIBUTION ALLOWANCE PRICE ANNUAL CAP ANNUAL EMISSIONS AUCTION AUCTIONS AVERAGE PRICE BUYER BUYERS CALCULATION CARB CARBON CARBON LEAKAGE CARBON MARKET CARBON MARKETS CARBON PRICE CARBON SEQUESTRATION CARBON TAX CASH FLOWS CERTIFIED EMISSION REDUCTIONS CLEAN ENERGY CLIMATE CLIMATE CHANGE CLIMATE POLICY CO CO2 COMMUNICATION TECHNOLOGIES COMPETITIVENESS CONFIDENTIALITY CONVERGENCE DATA MANAGEMENT DISSOLUTION DISTRIBUTION OF ALLOWANCES DISTRIBUTIONAL EFFECTS DOMESTIC MARKET DOMESTIC OFFSETS ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC GROWTH RATE EMISSION EMISSION ALLOWANCES EMISSION REDUCTION EMISSION REDUCTION TARGETS EMISSION REDUCTIONS EMISSION TRADING EMISSIONS EMISSIONS CAPS EMISSIONS LEAKAGE EMISSIONS LIMITATION EMISSIONS REDUCTION ENGINEERING ENVIRONMENTAL BENEFITS ENVIRONMENTAL INTEGRITY ENVIRONMENTAL POLICY EXCHANGE RATE FEASIBILITY FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL RISKS FORESTS FREE ALLOCATION FREE ALLOWANCES FREQUENTLY ASKED QUESTIONS GHG GLOBAL WARMING GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSION GREENHOUSE GAS EMISSIONS GREENHOUSE GAS MITIGATION GREENHOUSE GAS REDUCTIONS GREENHOUSE GASES HARMONIZATION HFCS HYDROFLUOROCARBONS IMPACTS ON EMISSIONS IMPORTS INSTALLATIONS INTEGRATED SYSTEMS INTERNATIONAL EMISSIONS INTERNATIONAL LAW LEGAL ISSUES LOWER PRICE MANAGEMENT SYSTEMS MARGINAL ABATEMENT MARGINAL ABATEMENT COST MARKET POWER MATERIAL MINIMUM PRICE NATIONAL EMISSIONS ODS OFFSET CREDITS OZONE PENALTIES PERFLUOROCARBONS PFCS PRICE CAP PRICE CAPS PRICE CEILING PRICE CHANGES PRICE FLOOR PRICE IMPACTS PRICE INCREASE PRICE OF ALLOWANCES PRICE STABILITY PRICE STABILIZATION PROCUREMENT PROTOCOL PROTOCOLS PUBLISHING QUANTITY OF OFFSETS REGIONAL GREENHOUSE GAS INITIATIVE REGISTRIES REGISTRY RELATIVE PRICES RESULTS SALE SALES SF6 SPREAD SULPHUR SUPERVISION SYSTEM DESIGN TECHNICAL SUPPORT TOTAL COST TOTAL EMISSIONS TRADE SYSTEM TRADE SYSTEMS TRADING PARTNERS TRANSACTION TRANSACTION COSTS VERIFICATION PMR In support of the partnership for market readiness work on helping the emergence of credible, consistent, and compatible market-based infrastructure across countries, this report reviews the lessons learned from linking greenhouse gas emissions trading systems. Two emissions trading systems (ETS) are linked if a participant in one system can use a compliance instrument (allowance or credit) issued by the administrator of either system for compliance. This report focuses on links that enable participants of both ETS to use compliance instruments from either system (bilateral links). The linked systems can adopt common compliance instruments. Or each system can retain its own compliance instruments and accept those from either ETS for compliance, possibly subject to restrictions. A bilateral link offers three potential benefits. First, it can make an ETS a viable policy option for a jurisdiction where an independent ETS will be infeasible for technical or cost reasons. Second, a bilateral link can reduce the total cost of achieving the combined emissions caps of the linked ETS. Third, a bilateral link can enhance the operation of the market for the compliance instrument(s). Section one gives background information. Section two presents the types of links an ETS can establish and discusses the potential benefits and risks of linking. The requirements for a bilateral link between two ETS are summarized in section three. How to implement a bilateral link is discussed in section four. 2015-04-29T15:17:26Z 2015-04-29T15:17:26Z 2014-02 Working Paper http://documents.worldbank.org/curated/en/2014/02/24192587/lessons-learned-linking-emissions-trading-systems-general-principles-applications http://hdl.handle.net/10986/21819 English en_US Partnership for Market Readiness technical papers;no. 7 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper |