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Global Challenges and the Need for
International Cooperation in SEE
Dejan Erić
Institute of Economic Science, Belgrade
18th May 2010
So Many GLOBAL
CHALANGES!?
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Globalization
Global warming
Climate changes
Urbanization….
Knowledge Management
Long Life Learning
…. There are so complex problems – required
interdisciplinary approach and complex solutions
• Need for international cooperation
CLIMATE CHANGE
• Natural Sciences - Physical aspects, Biological,
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• Social Sciences – Political, Legal, Economic,–
Financial implications…
• The Institutional Response – could be
summarized in 3 basic ways:
– Politics of Climate Change,
– the Neo-Liberal Response,
– the Kyoto Protocol
CLIMATE EXCHANGES
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Kyoto protocol – 3 ways how to decrease emission:
Emissions trading
Clean Development Mechanism
Joint Implementation – JI Projects
One of the most important multinational trading systems
- EU ETS - European Union Emissions Trading
Scheme
• For Climate Exchange – Underlying Assets = Rights
to trade – so-called Emissions Trading Allowances
(EUAs) or Carbone crédits
• 1 EUA = 1 tone of CO2
CLIMATE EXCHANGE
• A couple of exchanges – Powernext, European Climate
Exchange (ECX), Nordpool, Bluenext, Chicago Climate
Exchange (CCX) Australian Climate Exchange (ACX),
Tianjin Climate Exchange (TCX)
• Open issues:
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Distribution by Countries
Distribution by Applications
Copenhagen Summit
New Limits
• Carbon trading – is not just matter of one sciences…
• There are so many reason for cooperation
• We have just one world – the world without borders!!!