Article
Environmental Sciences
Jamshed Ali
Summary: Increased policy ambition is needed to address climate change mitigation gaps and meet Paris Agreement targets. This article explores the current state of carbon pricing and how carbon costs can help countries adopt comprehensive climate policies. It discusses the carbon pricing initiatives in different regions, associated issues, and proposes holistic approaches for effective implementation. Carbon taxes and emission trading programs are the primary tools for implementation costs.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Environmental Sciences
Benjamin Rontard, Humberto Reyes Hernandez
Summary: This study examines the political construction of the New Zealand Emissions Trading Scheme (NZ ETS) and highlights its unique features and challenges in ensuring environmental efficiency.
ENVIRONMENTAL DEVELOPMENT
(2022)
Article
Green & Sustainable Science & Technology
Valny Giacomelli Sobrinho
Summary: To meet their emissions targets, countries like Brazil have chosen incentive-based instruments, such as carbon markets, to control emissions while promoting economic development. However, the challenge lies in determining which sectors should be regulated, as too many may be costly while too few may hinder compliance. This study uses linkage indices to analyze Brazil's regulatory provisions and finds that the current scope is either too narrow or too wide, missing key sectors in the Brazilian economy.
JOURNAL OF CLEANER PRODUCTION
(2023)
Article
Environmental Studies
Joseph Dellatte, Sven Rudolph
Summary: Efforts to link emissions trading schemes of countries with heterogenous climate policies have been unsuccessful thus far. Northeast Asia faces political barriers to linking, including institutional resistance, difficulties in governance-sharing, and a lack of confidence in environmental integrity.
ENVIRONMENTAL POLITICS
(2023)
Article
Economics
Joel Foramitti, Ivan Savin, Jeroen C. J. M. van den Bergh
Summary: The study compares the performance of emission tax and permit trading, finding that permit prices fall after successful abatement and can result in higher production levels but also drive emission-efficient firms out of the market. Scarcity rents under permit trading can further increase firms' profit rates, depending on market-clearing mechanisms and initial allocation.
Article
Economics
Christoph Boehringer, Sonja Peterson, Thomas F. Rutherford, Jan Schneider, Malte Winkler
Summary: According to the 36th Energy Modeling Forum study, aligning countries' Nationally Determined Contributions with the 2 degrees C temperature target will result in global economic costs of roughly 1% in 2030, with uneven distribution across regions. Countries exporting fossil fuels are most adversely affected by the transition towards a low-carbon economy.
Article
Economics
Christoph Boehringer, Sonja Peterson, Thomas F. Rutherford, Jan Schneider, Malte Winkler
Summary: This article summarizes insights from the 36th Energy Modeling Forum study on the economic adjustment costs of greenhouse gas emission reduction targets, indicating a global economic cost of roughly 1% and uneven distribution across regions. It suggests comprehensive emissions trading and using revenues from emissions pricing to mitigate regressive effects and improve social acceptability of stringent climate policy.
Article
Environmental Sciences
Stephen L. L. Bi, Nico Bauer, Jessica Jewell
Summary: This research presents a new approach to evaluate the potential risks of coal phase-out and the bottom-up momentum. The study highlights the importance of global coal phase-out for the Paris Agreement. It introduces the dynamic policy evaluation (DPE) method to assess the likelihood of PPCA participation and predicts potential leakage risks that may undermine sector-specific actions.
NATURE CLIMATE CHANGE
(2023)
Article
Environmental Sciences
Shuting Yang, Sara Hastings-Simon, Arvind P. Ravikumar
Summary: The shift from coal to natural gas has led to reductions in carbon emissions, but long-term LNG expansion may not be compatible with the Paris climate targets. However, in a 3 degrees C scenario, LNG can be an attractive option to reduce emissions. Low methane leakage and high coal-to-gas substitution are critical for realizing near-term climate benefits.
ENVIRONMENTAL RESEARCH LETTERS
(2022)
Article
Business
Xavier Fageda, Jordi J. Teixido
Summary: The EU ETS has had a significant impact on reducing emissions in the aviation sector, particularly in short-haul flights where competition from other means of transport exists. However, it has not achieved an absolute reduction in emissions in the sector as needed.
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT
(2022)
Article
Green & Sustainable Science & Technology
Jun Pang, Govinda Timilsina
Summary: The study reveals that the emissions trading system will reduce CO2 emissions by 4%-22% in 2030 across 31 Chinese provinces. Some provinces may experience GDP losses under certain emissions allocation rules, while others may see GDP gains. However, emissions-intensive provinces like Neimenggu, Ningxia, Shanxi, and Shaanxi are likely to face higher GDP loss regardless of the allocation rules.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2021)
Article
Environmental Sciences
Zhifu Mi, Xinlu Sun
Summary: The evaluation of regional efforts in China on carbon emission reduction indicates that industrial transition and non-fossil fuel development are key factors for leading provinces. The recommended solution for achieving carbon neutrality in China is to promote the transformation of industrial structure and energy mix.
COMMUNICATIONS EARTH & ENVIRONMENT
(2021)
Article
Environmental Studies
Sarah Isabel Espinosa-Flor
Summary: Emissions trading systems have not fulfilled their function of mitigating global greenhouse gas emissions, and the reasons for this failure extend beyond the economic and empirical levels to include moral concerns.
Article
Green & Sustainable Science & Technology
Xuejiao Ma, Najid Ahmad, Pao-Yu Oei
Summary: The study reveals an inverted U-shape relation between real GDP and CO2 emissions in France and Germany, with renewable energy significantly reducing carbon emissions and the tourism sector helping in carbon reduction efforts.
Article
Economics
Leticia Canal Vieira, Mariolina Longo, Matteo Mura
Summary: This paper empirically analyzes the emission reduction results of European energy and manufacturing facilities, finding that a large share of installations have not decreased emissions and a smaller bundle of super-polluters is responsible for up to 95% of emissions. This suggests that achieving net-zero emissions by 2050 will require additional policies tailored to super-polluters and support for installations that have not started their decarbonization pathway.