Post-2012 compliance and carbon markets

Francesco Sindico

    Research output: Chapter in Book/Report/Conference proceedingChapter

    2 Citations (Scopus)

    Abstract

    The Fourth Intergovernmental Panel on Climate Change (IPCC) Report made it very clear that current climate change trends have been human induced, and that serious efforts must be undertaken by the international community if we wish to avoid a global average temperature increase of more than 2°C from pre-industrial periods. This fact has now been acknowledged both in the Copenhagen Accord, and in the Cancun Agreements. At this stage, what is needed goes beyond minor efforts from some key countries, but involves a drive from the entire international community towards a low carbon society. International emissions trading and offsets (the carbon market) have been identified by the Kyoto Protocol as part of this global effort and as key instruments to assist countries to comply with their quantified emission limitation and reduction objectives (QELROs). Against this background, this chapter addresses two core questions: (1) to what extent will a post-2012 agreement on climate change strengthen or weaken the linkage between compliance and the carbon market; and (2) to what extent can a post-2012 regime’s compliance mechanism secure improvements to the design of the carbon market?.

    Original languageEnglish
    Title of host publicationPromoting Compliance in an Evolving Climate Regime
    EditorsJutta Brunee, Meinhard Doelle, Lavanya Rajamani
    Place of PublicationCambridge
    PublisherCambridge University Press
    Pages240-261
    Number of pages22
    ISBN (Print)9780511979286, 9780521199483
    DOIs
    Publication statusPublished - 2011

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