Climate Trading: Development of Greenhouse Gas Markets (Finance and Capital Markets Series)

by James Naus

Overview

Climate Trading provides a comprehensive overview of the emerging greenhouse gas emissions trading markets. The book covers events in the UN climate negotiations and the development of the international emissions trading system under the Kyoto Protocol. The key focus of the book is the emerging domestic and international emissions trading schemes, project based trading programmes, and the developing greenhouse gas markets. As governments implement regulations to meet domestic and international greenhouse gas emission reduction targets, it is crucial for capital market practitioners and industry to understand risks and opportunities posed by these regulations. The book offers the reader insight into the climate change problem, the concept of emissions trading, design of emerging trading schemes and the practical functioning of the greenhouse gas markets.

Product Details

ISBN-13:	9781403916167
Publisher:	Palgrave Macmillan UK
Publication date:	03/02/2005
Series:	Finance and Capital Markets Series
Edition description:	2005
Pages:	240
Product dimensions:	5.98(w) x 9.02(h) x 0.02(d)

About the Author

Debbie Stowell is a climate change policy specialist at ECON in Norway.

Table of Contents

PART 1:INTRODUCTION What is Climate Change and Why is it a problem? Science: The Basis for Action Addressing the Problem From Market-based Incentive to the Kyoto Mechanisms PART 2: CLIMATE CHANGE AND THE UN PROCESS The UN Framework Convention on Climate Change Negotiations on the Kyoto Protocol The Kyoto Protocol PART 3: THE KYOTO MECHANISMS - A FRAMEWORK FOR INTERNATIONAL EMISSIONS TRADING Overview Information Systems Under the Protocol International Emissions Trading Joint Implementation The Clean Development Mechanism PART 4: BUILDING MARKETS Political Decisions Define the Rules of the Game US Experience with Trading Programmes Emissions Trading in the Policy Mix Domestic Emissions Trading Schemes The EU Trading Scheme Other Emissions Trading Schemes Sub-national Trading Schemes PART 5: MANAGING CARBON Carbon as an Asset The Energy Challenge Anticipated Impacts on the Power Sector Challenges for Industry Managing Risk PART 6: PROGRAMMES TARGETING PROJECT-BASED MECHANISMS CDM Developments Costs and Risks Associated with Project-based Credits The World Bank Carbon Finance The Dutch Programmes The Finnish Programme Conclusion PART 7: THE CARBON MARKET Tradable Instruments Market Formation Market Segments The Price of Carbon PART 8: CARBON COSTS IN AN UNCERTAIN WORLD The Allocation Process Future Outlook for the Protocol Prospects Beyond 2012 Glossary of Terms