Chasing down the climate change footprint of the public and private sectors: Forces converge - Part II
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Open Access
Type
ArticleAuthor/s
Lyster, RosemaryAbstract
Part II of this article discusses and analyses the various emissions trading schemes that have emerged around the world, with the imprimatur of the Kyoto Protocol, to reduce greenhouse gas emissions. The emissions trading schemes are analysed against a theoretical model for designing ...
See morePart II of this article discusses and analyses the various emissions trading schemes that have emerged around the world, with the imprimatur of the Kyoto Protocol, to reduce greenhouse gas emissions. The emissions trading schemes are analysed against a theoretical model for designing an ideal emissions trading scheme. The schemes include the European Union Emissions Trading Scheme, the Regional Greenhouse Gas Initiative in the United States as well as schemes proposed under the United Kingdom Draft Climate Change Bill 2007, the United States Climate Stewardship and Innovation Act 2007, the New Zealand Emissions Trading Scheme and the two different schemes proposed for Australia. The state of the world carbon market, particularly the derivatives market, and the emergence of carbon funds are discussed to demonstrate the exponential growth in carbon trading. The liquidity and efficiency of the world carbon market will depend to a large extent on the ability to link the existing and proposed emissions trading schemes, either on a regional or global basis.
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See morePart II of this article discusses and analyses the various emissions trading schemes that have emerged around the world, with the imprimatur of the Kyoto Protocol, to reduce greenhouse gas emissions. The emissions trading schemes are analysed against a theoretical model for designing an ideal emissions trading scheme. The schemes include the European Union Emissions Trading Scheme, the Regional Greenhouse Gas Initiative in the United States as well as schemes proposed under the United Kingdom Draft Climate Change Bill 2007, the United States Climate Stewardship and Innovation Act 2007, the New Zealand Emissions Trading Scheme and the two different schemes proposed for Australia. The state of the world carbon market, particularly the derivatives market, and the emergence of carbon funds are discussed to demonstrate the exponential growth in carbon trading. The liquidity and efficiency of the world carbon market will depend to a large extent on the ability to link the existing and proposed emissions trading schemes, either on a regional or global basis.
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Date
2007Source title
Environmental and Planning Law JournalVolume
24Issue
6Publisher
Thomson ReutersLicence
Copyright All Rights ReservedRights statement
This article was first published by Thomson Reuters in the Environmental and Planning Law Journal and should be cited as Lyster, R. (2007). Chasing down the climate change footprint of the public and private sectors : forces converge : part II. Environmental and Planning Law Journal, 24(6), 450–479. For all subscription inquiries please phone, from Australia: 1300 304 195, from Overseas: +61 2 8587 7980 or online at legal.thomsonreuters.com.au/search. The official PDF version of this article can also be purchased separately from Thomson Reuters at http://sites.thomsonreuters.com.au/journals/subscribe-or-purchase. This publication is copyright. Other than for the purposes of and subject to the conditions prescribed under the Copyright Act 1968 (Cth), no part of it may in any form or by any means (electronic, mechanical, microcopying, photocopying, recording or otherwise) be reproduced, stored in a retrieval system or transmitted without prior written permission. Enquiries should be addressed to Thomson Reuters (Professional) Australia Limited. PO Box 3502, Rozelle NSW 2039. legal.thomsonreuters.com.auFaculty/School
The University of Sydney Law SchoolShare