Emissions Trading Worldwide
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The Potential for Biofuels Alongside the EU-ETS
The potential for biofuels alongside the EU-ETS Stefan Boeters, Paul Veenendaal, Nico van Leeuwen and Hugo Rojas-Romagoza CPB Netherlands Bureau for Economic Policy Analysis Paper for presentation at the Eleventh Annual GTAP Conference ‘Future of Global Economy’, Helsinki, June 12-14, 2008 1 Table of contents Summary 3 1 The potential for biofuels alongside the EU-ETS 6 1.1 Introduction 6 1.2 Climate policy baseline 7 1.3 Promoting the use of biofuels 10 1.4 Increasing transport fuel excises as a policy alternative from the CO 2-emission reduction point of view 22 1.5 Conclusions 23 Appendix A: Characteristics of the WorldScan model and of the baseline scenario 25 A.1 WorldScan 25 A.2 Background scenario 27 A.3 Details of biofuel modelling 28 A.4 Sensitivity analysis with respect to land allocation 35 References 38 2 Summary The potential for biofuels alongside the EU-ETS On its March 2007 summit the European Council agreed to embark on an ambitious policy for energy and climate change that establishes several targets for the year 2020. Amongst others this policy aims to reduce greenhouse gas emissions by at least 20% compared to 1990 and to ensure that 20% of total energy use comes from renewable sources, partly by increasing the share of biofuels up to at least 10% of total fuel use in transportation. In meeting the 20% reduction ceiling for greenhouse gas emissions the EU Emissions Trading Scheme (EU-ETS) will play a central role as the ‘pricing engine’ for CO 2-emissions. The higher the emissions price will be, the sooner technological emission reduction options will tend to be commercially adopted. -
Net Zero by 2050 a Roadmap for the Global Energy Sector Net Zero by 2050
Net Zero by 2050 A Roadmap for the Global Energy Sector Net Zero by 2050 A Roadmap for the Global Energy Sector Net Zero by 2050 Interactive iea.li/nzeroadmap Net Zero by 2050 Data iea.li/nzedata INTERNATIONAL ENERGY AGENCY The IEA examines the IEA member IEA association full spectrum countries: countries: of energy issues including oil, gas and Australia Brazil coal supply and Austria China demand, renewable Belgium India energy technologies, Canada Indonesia electricity markets, Czech Republic Morocco energy efficiency, Denmark Singapore access to energy, Estonia South Africa demand side Finland Thailand management and France much more. Through Germany its work, the IEA Greece advocates policies Hungary that will enhance the Ireland reliability, affordability Italy and sustainability of Japan energy in its Korea 30 member Luxembourg countries, Mexico 8 association Netherlands countries and New Zealand beyond. Norway Poland Portugal Slovak Republic Spain Sweden Please note that this publication is subject to Switzerland specific restrictions that limit Turkey its use and distribution. The United Kingdom terms and conditions are available online at United States www.iea.org/t&c/ This publication and any The European map included herein are without prejudice to the Commission also status of or sovereignty over participates in the any territory, to the work of the IEA delimitation of international frontiers and boundaries and to the name of any territory, city or area. Source: IEA. All rights reserved. International Energy Agency Website: www.iea.org Foreword We are approaching a decisive moment for international efforts to tackle the climate crisis – a great challenge of our times. -
Carbon Dioxide Removal Policy in the Making: Assessing Developments in 9 OECD Cases
POLICY AND PRACTICE REVIEWS published: 04 March 2021 doi: 10.3389/fclim.2021.638805 Carbon Dioxide Removal Policy in the Making: Assessing Developments in 9 OECD Cases Felix Schenuit 1,2*, Rebecca Colvin 3, Mathias Fridahl 4, Barry McMullin 5, Andy Reisinger 6, Daniel L. Sanchez 7, Stephen M. Smith 8, Asbjørn Torvanger 9, Anita Wreford 10 and Oliver Geden 2 1 Center for Sustainable Society Research, University of Hamburg, Hamburg, Germany, 2 German Institute for International and Security Affairs (SWP), Berlin, Germany, 3 Crawford School of Public Policy, Australian National University, Canberra, ACT, Australia, 4 Department of Thematic Studies, Environmental Change, Centre for Climate Science and Policy Research, Linköping University, Linköping, Sweden, 5 Dublin City University, Dublin, Ireland, 6 Ministry for the Environment, Wellington, New Zealand, 7 Department of Environmental Science, Policy, and Management (ESPM), University of California, Berkeley, Berkeley, CA, United States, 8 Smith School of Enterprise and the Environment, Oxford University, Oxford, United Kingdom, 9 Center for International Climate Research (CICERO), Oslo, Norway, 10 Agribusiness and Economics Research Unit (AERU), Lincoln University, Christchurch, New Zealand Edited by: William C. Burns, Since the adoption of the Paris Agreement in 2015, spurred by the 2018 IPCC Special American University, United States Report on Global Warming of 1.5◦C, net zero emission targets have emerged as a Reviewed by: new organizing principle of climate policy. In this context, climate policymakers and Phillip Williamson, University of East Anglia, stakeholders have been shifting their attention to carbon dioxide removal (CDR) as United Kingdom an inevitable component of net zero targets. The importance of CDR would increase Charithea Charalambous, Heriot-Watt University, further if countries and other entities set net-negative emissions targets. -
Aggregate Emission Intensity Targets: Applications to the Paris Agreement
ADBI Working Paper Series AGGREGATE EMISSION INTENSITY TARGETS: APPLICATIONS TO THE PARIS AGREEMENT Jinhua Zhao No. 813 March 2018 Asian Development Bank Institute Jinhua Zhao is a professor and director at the Department of Economics, Department of Agricultural, Food and Resource Economics, and the Environmental Science and Policy Program, Michigan State University. The views expressed in this paper are the views of the author and do not necessarily reflect the views or policies of ADBI, ADB, its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms. Working papers are subject to formal revision and correction before they are finalized and considered published. The Working Paper series is a continuation of the formerly named Discussion Paper series; the numbering of the papers continued without interruption or change. ADBI’s working papers reflect initial ideas on a topic and are posted online for discussion. Some working papers may develop into other forms of publication. Suggested citation: J. Zhao. 2018. Aggregate Emission Intensity Targets: Applications to the Paris Agreement. ADBI Working Paper 813. Tokyo: Asian Development Bank Institute. Available: https://www.adb.org/publications/aggregate-emission-intensity-targets-applications-paris- agreement Please contact the authors for information about this paper. Email: [email protected] Asian Development Bank Institute Kasumigaseki Building, 8th Floor 3-2-5 Kasumigaseki, Chiyoda-ku Tokyo 100-6008, Japan Tel: +81-3-3593-5500 Fax: +81-3-3593-5571 URL: www.adbi.org E-mail: [email protected] © 2018 Asian Development Bank Institute Aggregate Emission Intensity Targets: Applications to the Paris Agreement Jinhua Zhao1 February 18, 2018 1Department of Economics, Department of Agricultural, Food and Resource Economics, and the Envi- ronmental Science and Policy Program, Michigan State University. -
Science-Based Target Setting Manual Version 4.1 | April 2020
Science-Based Target Setting Manual Version 4.1 | April 2020 Table of contents Table of contents 2 Executive summary 3 Key findings 3 Context 3 About this report 4 Key issues in setting SBTs 5 Conclusions and recommendations 5 1. Introduction 7 2. Understand the business case for science-based targets 12 3. Science-based target setting methods 18 3.1 Available methods and their applicability to different sectors 18 3.2 Recommendations on choosing an SBT method 25 3.3 Pros and cons of different types of targets 25 4. Set a science-based target: key considerations for all emissions scopes 29 4.1 Cross-cutting considerations 29 5. Set a science-based target: scope 1 and 2 sources 33 5.1 General considerations 33 6. Set a science-based target: scope 3 sources 36 6.1 Conduct a scope 3 Inventory 37 6.2 Identify which scope 3 categories should be included in the target boundary 40 6.3 Determine whether to set a single target or multiple targets 42 6.4 Identify an appropriate type of target 44 7. Building internal support for science-based targets 47 7.1 Get all levels of the company on board 47 7.2 Address challenges and push-back 49 8. Communicating and tracking progress 51 8.1 Publicly communicating SBTs and performance progress 51 8.2 Recalculating targets 56 Key terms 57 List of abbreviations 59 References 60 Acknowledgments 63 About the partner organizations in the Science Based Targets initiative 64 Science-Based Target Setting Manual Version 4.1 -2- Executive summary Key findings ● Companies can play their part in combating climate change by setting greenhouse gas (GHG) emissions reduction targets that are aligned with reduction pathways for limiting global temperature rise to 1.5°C or well-below 2°C compared to pre-industrial temperatures. -
Greenhouse Gas Emissions from Pig and Chicken Supply Chains – a Global Life Cycle Assessment
Greenhouse gas emissions from pig and chicken supply chains A global life cycle assessment Greenhouse gas emissions from pig and chicken supply chains A global life cycle assessment A report prepared by: FOOD AND AGRICULTURE ORGANIZATION OF THE UNITED NATIONS Animal Production and Health Division Recommended Citation MacLeod, M., Gerber, P., Mottet, A., Tempio, G., Falcucci, A., Opio, C., Vellinga, T., Henderson, B. & Steinfeld, H. 2013. Greenhouse gas emissions from pig and chicken supply chains – A global life cycle assessment. Food and Agriculture Organization of the United Nations (FAO), Rome. The designations employed and the presentation of material in this information product do not imply the expression of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations (FAO) concerning the legal or development status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. The mention of specic companies or products of manufacturers, whether or not these have been patented, does not imply that these have been endorsed or recommended by FAO in preference to others of a similar nature that are not mentioned. The views expressed in this information product are those of the author(s) and do not necessarily reect the views or policies of FAO. E-ISBN 978-92-5-107944-7 (PDF) © FAO 2013 FAO encourages the use, reproduction and dissemination of material in this information product. Except where otherwise indicated, material may be copied, downloaded and printed for private study, research and teaching purposes, or for use in non-commercial products or services, provided that appropriate acknowledgement of FAO as the source and copyright holder is given and that FAO’s endorsement of users’ views, products or services is not implied in any way. -
Paving the Way to Carbon-Neutral Transport: 10-Point Plan To
Paving the way to carbon-neutral transport 10-point plan to help implement the European Green Deal January 2020 CONTEXT The transport sector is responsible for 22.3% of total EU greenhouse gas (GHG) emissions, with road transport representing 21.1% of total emissions. Breaking this down further, passenger cars account for 12.8% of Europe’s emissions, vans for 2.5%, while heavy-duty trucks and buses are responsible for 5.6%. Transport is therefore a key focus and driver for climate protection measures. The European Automobile Manufacturers’ Association (ACEA) strongly believes that carbon-neutral road transport is possible by 2050. This however will represent a seismic shift, requiring a holistic approach with increasing efforts from all stakeholders. * All CO2 equivalent ** Industry = ‘Manufacturing industries and construction’ + ‘Industrial processes and product use’ Source: European Environment Agency (EEA) AUTO INDUSTRY CONTRIBUTION Investing €57.4 billion in R&D annually, the automotive sector is Europe's largest private contributor to innovation, accounting for 28% of total EU spending. Much of this investment is dedicated to clean mobility solutions. The automobile industry embraces the Paris Agreement and its goals. Manufacturers also support the climate protection initiatives of the European Commission, such as the ‘Clean Planet for All’ strategy, provided all stakeholders contribute their share and the achievements to date are taken into account. ACEA’s 10-point plan to help implement the European Green Deal – January 2020 1 ACEA members are fully committed to deliver the ambitious 025 and 030 C2 reduction targets. In order to provide legal certainty for the industry as it moves towards carbon neutrality in 050, the 2022/2023 timeline for the revies of the regulations should be adhered to (as as endorsed by the European Council in December 201). -
OECD Policy Brief: Cost-Effective Actions to Tackle Climate Change
AUGUST 2009Policy Brief ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT Cost-Effective Actions to Tackle Climate Change What is the Introduction economic rationale Governments around the world have reached consensus on the need to achieve for ambitious large cuts in greenhouse gas (GHG) emissions over the coming decades. They action against are working towards an international agreement on actions required to achieve climate change? these reductions at the Fifteenth Conference of the Parties (COP15) under the UN Framework Convention on Climate Change (UNFCCC) in Copenhagen at the How important is end of 2009. carbon pricing? Considering the costs and risks of inaction, taking action now, even in the What if not midst of a global economic crisis, makes good economic sense. Delaying all countries emission cuts would simply postpone the inevitable and undoubtedly require larger cuts at a later date, thus making it more costly than a more gradual participate? approach. In addition, there is an opportunity now to use the economic How will a stimulus packages that governments are putting in place to invest in global carbon innovative, clean technologies – which could both help stimulate the world’s struggling economies and also shift them onto a low-carbon growth path. market evolve? Given the magnitude of emission cuts required to stabilise GHG concentrations How do actions at an acceptable level, it is imperative that such action to mitigate climate compare across change is taken at the lowest cost. OECD analyses show that the cost of action countries? would be minimised if a cost-effective set of policy instruments, with a focus on carbon pricing, were applied as broadly as possible across all emission How can countries sources, including all countries, sectors, and greenhouse gases. -
Benefits of Emissions Trading
BENEFITS OF EMISSIONS TRADING E M I S S I O N S T R A D I N G A C H I E V E S T H E E N V I R O N M E N T A L O B J E C T I V E – R E D U C E D E M I S S I O N S – A T T H E L O W E S T C O S T Cap and trade is designed to deliver an environmental outcome; the cap must be met, or there are sanctions such as fines. Allowing trading within that cap is the most effective way of minimising the cost – which is good for business and good for households. Determining physical actions that companies must take, with no flexibility, is not guaranteed to achieve the necessary reductions. Nor is establishing a regulated price, since the price required to drive reductions may take policy-makers several years to determine. Cap and trade also provides a way of establishing rigour around emissions monitoring, reporting and verification – essential for any climate policy to preserve integrity. E M I S S I O N S T R A D I N G I S B E T T E R A B L E T O R E S P O N D T O E C O N O M I C F L U C T U A T I O N S T H A N O T H E R P O L I C Y T O O L S Allowing the open market to set the price of carbon translates to better flexibility and avoids price shocks or undue burdens. -
The Eu Ets Emissions Reduction Target and Interactions with Energy and Climate Policies
CHAPTER THE EU ETS EMISSIONS REDUCTION TARGET AND INTERACTIONS WITH ENERGY AND CLIMATE POLICIES Authors: Matthieu JALARD, Lara DAHAN and Emilie ALBEROLA (I4CE – Institute for Climate 1 1 Economics), Sylvain CAIL and Kimon KERAMIDAS (ENERDATA) KEY MESSAGES • Introduction to the proposal for a revised EU ETS directive based on the European Council agreement - The -43% of CO2 emissions reduction EU ETS target and the linear reduction factor reduced at 2.2% from 2021 onwards correspond to a net additional reduction of 556 MtCO2e of the cumulative emissions cap by 2030. In addition, the European Council enforced in a binding EU target of at least 40% GHG reduction compared to 1990, a binding EU target of at least 27% Renewable Energy Sources (RES) in final energy, and an indicative EU target of at least 27% energy efficiency improvement compared to 2007 baseline - both without any binding targets for individual Member States. • In the EU 2020 energy & climate package, renewable energy policies account for a large share of emissions reductions but do not contributed significantly to the increasing surplus, in contrast to the impact of energy efficiency policies and offsets which were not factored into the cap - The surplus undermined the EUA price incentive which seems to have played a weak role, giving however a strong incentive for the 1.2 billion tons of CO2 emission reductions outside the EU ETS through Kyoto credits (CDM-JI). Steering technology developments in storage and demand response, together with more market based renewable supports and a targeted power market design are likely to enhance the ability of the EU ETS to drive emissions cost effectively in the power sector. -
A Discursive Project of Low-Carbon City in Shenzhen, China
Anti-Carbonism or Carbon Exceptionalism: A Discursive Project of Low-Carbon City in Shenzhen, China Yunjing Li Submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy under the Executive Committee of the Graduate School of Arts and Sciences COLUMBIA UNIVERSITY 2019 2019 Yunjing Li All rights reserved ABSTRACT Anti-Carbonism or Carbon Exceptionalism: A Discursive Project of Low-Carbon City in Shenzhen, China Yunjing Li As the role of cities in addressing climate change has been increasingly recognized over the past two decades, the idea of a low-carbon city becomes a dominant framework to organize urban governance and envision a sustainable urban future. It also becomes a development discourse in the less developed world to guide the ongoing urbanization process. China’s efforts toward building low-carbon cities have been inspiring at first and then obscured by the halt or total failure of famous mega-projects, leading to a conclusion that Chinese low-carbon cities compose merely a strategy of green branding for promoting local economy. This conclusion, however, largely neglects the profound implications of the decarbonization discourse for the dynamics between the central and local governments, which together determine the rules and resources for development practices. The conclusion also hinders the progressive potentials of the decarbonization discourse in terms of introducing new values and norms to urban governance. This dissertation approaches “low-carbon cities” as a part of the decarbonization -
Analytical Environmental Agency 2 21St Century Frontiers 3 22 Four 4
# Official Name of Organization Name of Organization in English 1 "Greenwomen" Analytical Environmental Agency 2 21st Century Frontiers 3 22 Four 4 350 Vermont 5 350.org 6 A Seed Japan Acao Voluntaria de Atitude dos Movimentos por Voluntary Action O Attitude of Social 7 Transparencia Social Movements for Transparency Acción para la Promoción de Ambientes Libres Promoting Action for Smokefree 8 de Tabaco Environments Ações para Preservação dos Recursos Naturais e 9 Desenvolvimento Economico Racional - APRENDER 10 ACT Alliance - Action by Churches Together 11 Action on Armed Violence Action on Disability and Development, 12 Bangladesh Actions communautaires pour le développement COMMUNITY ACTIONS FOR 13 integral INTEGRAL DEVELOPMENT 14 Actions Vitales pour le Développement durable Vital Actions for Sustainable Development Advocates coalition for Development and 15 Environment 16 Africa Youth for Peace and Development 17 African Development and Advocacy Centre African Network for Policy Research and 18 Advocacy for Sustainability 19 African Women's Alliance, Inc. Afrique Internationale pour le Developpement et 20 l'Environnement au 21è Siècle 21 Agência Brasileira de Gerenciamento Costeiro Brazilian Coastal Management Agency 22 Agrisud International 23 Ainu association of Hokkaido 24 Air Transport Action Group 25 Aldeota Global Aldeota Global - (Global "small village") 26 Aleanca Ekologjike Europiane Rinore Ecological European Youth Alliance Alianza de Mujeres Indigenas de Centroamerica y 27 Mexico 28 Alianza ONG NGO Alliance ALL INDIA HUMAN