«A price floor could prove to be an efficient fix for the European Union's
current Emissions Trading System surplus problems.»
Not exact matches
Called the Regional Greenhouse Gas Initiative, the group seeks to cut
current emissions by 10 percent by 2019 through a cap - and -
trade system.
The free world might even, heaven forbid, reverse the
current, rather unthinking, trend towards global free
trade and institute a
system of climate - based protectionism, to give force to our requirements that the entire globe reduce
emissions.
His
current areas of research focus are: climate geoengineering; international climate change litigation; adaptation strategies to address climate change, with a focus on the potential role of micro-insurance; and the effectiveness of the European Union's
Emissions Trading System.
Ahlberg, M. et al. (2013) Linking Different
Emissions Trading Systems —
Current State and Future Perspectives.
Kachi, A. et al. (2015), Linking
Emissions Trading Systems: A Summary of
Current Research.
So, once we clear away the underbrush, we can see that the case for a carbon tax or a cap - and -
trade emissions rationing
system is really that it would be a hedge against the risk that actual damages from warming would be much, much worse than
current risk - adjusted projections indicate.
The
current insufficiencies of the ETS have also spurred German politicians to make carbon pricing part of their electoral platform.The Free Democratic Party, for instance, calls for an expansion of the ETS to other sectors, which the party hopes would eventually lead to a global
emissions trading system.
Although these policies may not provide the environmental certainty of a cap - and -
trade system, they can drive
emissions reductions and may be more suited to the
current development of China's financial markets and enforcement infrastructure.