Domestic Emissions Trading : Existing and Proposed Schemes
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 character...
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/04/24192552/domestic-emissions-trading-existing-proposed-schemes http://hdl.handle.net/10986/21831 |
| Summary: | 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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