Cap-and-trade and project-based framework: how do carbon markets work for greenhouse emissions reduction?

Detalhes bibliográficos
Autor(a) principal: Godoy,Sara Gurfinkel Marques de
Data de Publicação: 2015
Outros Autores: Saes,Maria Sylvia Macchione
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Ambiente & Sociedade (Online)
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1414-753X2015000100009
Resumo: There are two examples of carbon market mechanisms: i ) trading based on the cap-and-trade principle establishes Greenhouse Gases (GHG) emission limits for companies that can negotiate allowance to pollute (as in European Union Emission Trading Scheme, EU ETS) , and ii ) carbon credits, project-based emission reductions of GHG (such as the Clean Development Mechanism of the Kyoto Protocol, CDM). Given the importance of these two, this paper presents the dynamics of the evolution of carbon markets evolution by analyzing different markets (including other examples) and their framework, performances, potential and barriers. Besides these two programs, other national and regional systems are being developed, bu EU ETS and Kyoto stand in terms of volume and visibility. Despite existing criticism, in some countries volume of GHG emissions decreased between 1990 and 2011, probably influenced by the modernization of some formerly obsolete and inefficient industrial plant, and also by the poor performance of world economies in recent years.
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spelling Cap-and-trade and project-based framework: how do carbon markets work for greenhouse emissions reduction?Clean Development MechanismKyoto ProtocolCarbon MarketEU ETSInstitutional EconomicsThere are two examples of carbon market mechanisms: i ) trading based on the cap-and-trade principle establishes Greenhouse Gases (GHG) emission limits for companies that can negotiate allowance to pollute (as in European Union Emission Trading Scheme, EU ETS) , and ii ) carbon credits, project-based emission reductions of GHG (such as the Clean Development Mechanism of the Kyoto Protocol, CDM). Given the importance of these two, this paper presents the dynamics of the evolution of carbon markets evolution by analyzing different markets (including other examples) and their framework, performances, potential and barriers. Besides these two programs, other national and regional systems are being developed, bu EU ETS and Kyoto stand in terms of volume and visibility. Despite existing criticism, in some countries volume of GHG emissions decreased between 1990 and 2011, probably influenced by the modernization of some formerly obsolete and inefficient industrial plant, and also by the poor performance of world economies in recent years.ANPPAS - Revista Ambiente e Sociedade2015-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S1414-753X2015000100009Ambiente & Sociedade v.18 n.1 2015reponame:Ambiente & Sociedade (Online)instname:Universidade de São Paulo (USP)instacron:ANPPAS10.1590/1809-4422ASOC795V1812015eninfo:eu-repo/semantics/openAccessGodoy,Sara Gurfinkel Marques deSaes,Maria Sylvia Macchioneeng2015-10-27T00:00:00Zoai:scielo:S1414-753X2015000100009Revistahttp://anpocs.com/index.php/revista-ambiente-e-sociedadehttps://old.scielo.br/oai/scielo-oai.php||revistaambienteesociedade@gmail.com1809-44221414-753Xopendoar:2015-10-27T00:00Ambiente & Sociedade (Online) - Universidade de São Paulo (USP)false
dc.title.none.fl_str_mv Cap-and-trade and project-based framework: how do carbon markets work for greenhouse emissions reduction?
title Cap-and-trade and project-based framework: how do carbon markets work for greenhouse emissions reduction?
spellingShingle Cap-and-trade and project-based framework: how do carbon markets work for greenhouse emissions reduction?
Godoy,Sara Gurfinkel Marques de
Clean Development Mechanism
Kyoto Protocol
Carbon Market
EU ETS
Institutional Economics
title_short Cap-and-trade and project-based framework: how do carbon markets work for greenhouse emissions reduction?
title_full Cap-and-trade and project-based framework: how do carbon markets work for greenhouse emissions reduction?
title_fullStr Cap-and-trade and project-based framework: how do carbon markets work for greenhouse emissions reduction?
title_full_unstemmed Cap-and-trade and project-based framework: how do carbon markets work for greenhouse emissions reduction?
title_sort Cap-and-trade and project-based framework: how do carbon markets work for greenhouse emissions reduction?
author Godoy,Sara Gurfinkel Marques de
author_facet Godoy,Sara Gurfinkel Marques de
Saes,Maria Sylvia Macchione
author_role author
author2 Saes,Maria Sylvia Macchione
author2_role author
dc.contributor.author.fl_str_mv Godoy,Sara Gurfinkel Marques de
Saes,Maria Sylvia Macchione
dc.subject.por.fl_str_mv Clean Development Mechanism
Kyoto Protocol
Carbon Market
EU ETS
Institutional Economics
topic Clean Development Mechanism
Kyoto Protocol
Carbon Market
EU ETS
Institutional Economics
description There are two examples of carbon market mechanisms: i ) trading based on the cap-and-trade principle establishes Greenhouse Gases (GHG) emission limits for companies that can negotiate allowance to pollute (as in European Union Emission Trading Scheme, EU ETS) , and ii ) carbon credits, project-based emission reductions of GHG (such as the Clean Development Mechanism of the Kyoto Protocol, CDM). Given the importance of these two, this paper presents the dynamics of the evolution of carbon markets evolution by analyzing different markets (including other examples) and their framework, performances, potential and barriers. Besides these two programs, other national and regional systems are being developed, bu EU ETS and Kyoto stand in terms of volume and visibility. Despite existing criticism, in some countries volume of GHG emissions decreased between 1990 and 2011, probably influenced by the modernization of some formerly obsolete and inefficient industrial plant, and also by the poor performance of world economies in recent years.
publishDate 2015
dc.date.none.fl_str_mv 2015-03-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1414-753X2015000100009
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1414-753X2015000100009
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/1809-4422ASOC795V1812015en
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv ANPPAS - Revista Ambiente e Sociedade
publisher.none.fl_str_mv ANPPAS - Revista Ambiente e Sociedade
dc.source.none.fl_str_mv Ambiente & Sociedade v.18 n.1 2015
reponame:Ambiente & Sociedade (Online)
instname:Universidade de São Paulo (USP)
instacron:ANPPAS
instname_str Universidade de São Paulo (USP)
instacron_str ANPPAS
institution ANPPAS
reponame_str Ambiente & Sociedade (Online)
collection Ambiente & Sociedade (Online)
repository.name.fl_str_mv Ambiente & Sociedade (Online) - Universidade de São Paulo (USP)
repository.mail.fl_str_mv ||revistaambienteesociedade@gmail.com
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