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Setting the fifth carbon budget
Setting the fifth carbon budget

... recommendation to fix the net carbon budget for the traded sector at the assumed level (i.e. 590 MtCO2e over 2028–2032), thereby limiting emissions to 1,135 MtCO2e over 2028–2032 for the non-traded sector. The key challenge is providing a clear signal to both the traded and non-traded sectors, whils ...
ppt
ppt

... To identify the industrial sectors subject to the international reserve allowance requirement, the President shall by July 2018 determine whether, for any carbon-intensive sector, more than 85 percent of imports come from countries that meet one of three criteria: (1) the country has taken in an int ...
Slide 1
Slide 1

... PCA MTC Steering Committee, May 2008 ...
Peatlands - Wetlands International
Peatlands - Wetlands International

... Peatlands: large carbon stock under threat Different from forests: ongoing emissions Easy / low cost to halt emissions Many co- benefits (biodiversity, water storage!) ...
Climate Change Diplomacy: The Next Step
Climate Change Diplomacy: The Next Step

... reduction will impose substantial costs on industrial economies, quite possibly affecting the terms of international trade, governments are likely to want assurance that their competitors can’t simply ignore their commitments. The Kyoto text makes no provision for enforcement. During the talks, Pron ...
1 EN annexe proposition part1
1 EN annexe proposition part1

... second commitment of the Kyoto Protocol remains the same as for the first commitment period, given the lack of progress since Decision 2/CP.3 in attributing these emissions to Parties’ targets. This is without prejudice to the stringency of the European Union’s commitments under the climate and ener ...
11. Tax and climate change
11. Tax and climate change

... attempt to apply emissions trading between sovereign states, while the EU’s Emissions Trading Scheme (EU ETS) has created a well-established and active carbon trading market within Europe. The second reason to favour trading is that applying taxes on any kind of international, let alone global, basi ...
a high resolution version.
a high resolution version.

... CO2 emissions per household from flying could stay the same because, although there are more journeys, aircraft are more efficient. ...
UEFA EURO 2016 eco-calculator
UEFA EURO 2016 eco-calculator

... Your money from offsetting through the eco-calculator goes to UEFA’s supplier, Climate Friendly, who facilitates the supply of carbon credits for UEFA. These carbon credits are then sourced from the project developer. Only the highest quality carbon offset credits and renewable energy certificates, ...
Legal Framework on Adaptation
Legal Framework on Adaptation

... hot air situation – market price – but won’t know price until KP off the ground ...
Greenhouse gas emissions and dairy farms
Greenhouse gas emissions and dairy farms

... Key sources of emissions on Trevor’s farm were: • methane (CH4) 54% • nitrous oxide (N2O) 22% •Embedded emissions (or emissions from pre-farm processes) 16% •Energy from fuel and electricity contributed only 8% of total emissions ...
The Kyoto Protocol and Clean Development Mechanism
The Kyoto Protocol and Clean Development Mechanism

... mechanisms” to lower the overall costs of achieving its emissions targets. These mechanisms enable Parties to access cost-effective opportunities to reduce emissions, or to remove carbon from the atmosphere, in other countries. While the cost of limiting emissions varies considerably from region to ...
Submission to: Ad Hoc Working Group on Long
Submission to: Ad Hoc Working Group on Long

... The emissions from degraded peatlands can be stopped through improved water management and restoring the natural vegetation. This can be done at relatively low costs and will reduce emissions considerably. 2. Accounting system for emissions from biofuels Under the Kyoto Protocol there is no mandator ...
E100 Global Warming Conf
E100 Global Warming Conf

... E162 Global Climate Change Conference, Fall 2005 I. Introduction In December of 1997, the world's leaders met in Kyoto, Japan where they agreed to a set of binding limits on emissions of greenhouse gases (pollution emissions, like carbon dioxide and methane that contribute to global climate change). ...
Climate Solutions?
Climate Solutions?

... • Does the KP yield net benefits to the EU ? • Not clear whether KP yields national net benefits to the US. – EU initial opposition to flexibility mechanisms (trading) = raise costs = less incentive for US to join. – Irony: since 2001, the EU is using trading (ETS) – originally urged by the US – whi ...
INTRODUCTION Michael Northrop and David Sassoon explain how
INTRODUCTION Michael Northrop and David Sassoon explain how

... also made it possible to generate carbon credits in parts of the world – such as China, India, Latin America and Africa – which do not, as yet, have emissions targets under the climate pact. These credits can then be sold into the European marketplace. It has created the opportunity to strike it ric ...
Post-2012 Issues under the UNFCCC and Kyoto Protocol
Post-2012 Issues under the UNFCCC and Kyoto Protocol

... London ...
An IFIEC Europe Perspective - SVSE
An IFIEC Europe Perspective - SVSE

... How will national credits link with international CDM and JI schemes? ...
Committee on Climate Change: Review of the fourth carbon budget
Committee on Climate Change: Review of the fourth carbon budget

... The fourth carbon budget was designed to reflect the cost-effective path to the 2050 target in the Climate Change Act (i.e. to reduce emissions by 80% on 1990 levels) subject to the impacts being manageable. Our approach was to project UK emissions in 2020, and then to assess the costeffective path ...
Diapositive 1
Diapositive 1

... First period of commitment : 2008-2012 (second : 2013 - ) ...
Emissions Reduction Fund
Emissions Reduction Fund

... reduction methods covering all sectors of the economy— including activities like improving energy efficiency, capturing methane from landfills and storing carbon in forests and soils. ...
Negotiation Indices - European Capacity Building Initiative
Negotiation Indices - European Capacity Building Initiative

... ecbi ...
Reducing GHG Emissions from Shipping
Reducing GHG Emissions from Shipping

... • Established under UN Framework Convention on Climate Change (UNFCCC) – adopted in 1997 • Ratified by 181 countries – not the USA • Categorises Annex 1 (Developed) Countries and NonAnnex 1 (Developing) Countries • Annex 1 Countries are committed to make GHG reductions with set targets, but also fle ...
Bond.19.4.Dec_.08
Bond.19.4.Dec_.08

... 3. Any influx of offset credits into the emissions trading scheme will undermine its effectiveness due to the risk of developing a “lemons market.” This is of increasing concern given the evidence that up to one-third of CDM projects either already registered or in the process of CDM registration ar ...
Impact of Climate Change on Transportation Funding Paper
Impact of Climate Change on Transportation Funding Paper

... The European Union Greenhouse Gas Emission Trading Scheme (EU ETS) began in January 2005 as the largest multi-country, multi-sector greenhouse gas emission trading scheme worldwide. It is also the first international trading system for CO2 emissions in the world. It covers over 11,500 energy-intensi ...
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European Union Emission Trading Scheme

The European Union Emissions Trading System (EU ETS), also known as the European Union Emissions Trading Scheme, was the first large greenhouse gas emissions trading scheme in the world, and remains the biggest. It was launched in 2005 to fight Global warming and is a major pillar of EU climate policy. As of 2013, the EU ETS covers more than 11,000 factories, power stations, and other installations with a net heat excess of 20 MW in 31 countries—all 28 EU member states plus Iceland, Norway, and Liechtenstein. The installations regulated by the EU ETS are collectively responsible in 2008 for close to half of the EU's anthropogenic emissions of CO2 and 40% of its total greenhouse gas emissions. The taxation of electricity producers (power stations) for the emissions of CO2 has been controversial as globally, governments have refused to accept the additional burden while many have repealed such schemes such as Canada in 2011 and Australia in 2014.Under the 'cap and trade' principle, a maximum (cap) is set on the total amount of greenhouse gases that can be emitted by all participating installations. 'Allowances' for emissions are then auctioned off or allocated for free, and can subsequently be traded. Installations must monitor and report their CO2 emissions, ensuring they hand in enough allowances to the authorities to cover their emissions. If emission exceeds what is permitted by its allowances, an installation must purchase allowances from others. Conversely, if an installation has performed well at reducing its emissions, it can sell its leftover credits. This allows the system to find the most cost-effective ways of reducing emissions without significant government intervention.The scheme has been divided into a number of ""trading periods"". The first ETS trading period lasted three years, from January 2005 to December 2007. The second trading period ran from January 2008 until December 2012, coinciding with the first commitment period of the Kyoto Protocol. The third trading period began in January 2013 and will span until December 2020. Compared to 2005, when the EU ETS was first implemented, the proposed caps for 2020 represents a 21% reduction of greenhouse gases. This target has been reached 6 years early as emissions in the ETS fell to 1812 mln tonnes in 2014.The EU ETS has seen a number of significant changes, with the first trading period described as a 'learning by doing' phase.Phase III sees a turn to auctioning a majority of permits rather than allocating freely; harmonisation of rules for the remaining allocations; and the inclusion of other greenhouse gases, such as nitrous oxide and perfluorocarbons. In 2012, the EU ETS was also extended to the airline industry, though this has been paused for one year given the possibility of a global system for these emissions. The price of EU ETS carbon credits has been lower than intended, with a large surplus of allowances, in part because of the impact of the recent economic crisis on demand. In 2012, the Commission said it would delay the auctioning of some allowances. Currently legislation is under way which would introduce a Market Stability Reserve to the EU ETS that adjusts the annual supply of CO2 permits based on the CO2 permits in circulation
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