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Climate Change and Carbon Markets - A Handbook of Emissions Reduction Mechanisms
Edited by Farhana Yamin
Earthscan
January 2005
Hardback 288 pages ISBN 1844071634
£80.00
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On January 1, 2005, the EU Emissions Trading Scheme (ETS) comes into force. In its first phase, in the
EU alone, c.10,000 industrial companies will have to trade emissions allowances to manage their energy
consumption and carbon outputs. From 2008 on, other economic sectors such as transport, construction
and real estate will be brought into the Scheme; and the number of companies and organizations that can trade
carbon permits under the mechanisms of the Kyoto Protocol is enormous. Carbon trading is seen as the most
efficient and effective way to mitigate climate change and will be very widely adopted. This volume provides a
full account of the rules, institutions and procedures governing access and use of international, EU and national
mechanisms, particularly the ETS, and Kyoto ones - The Clean Development Mechanism, emissions trading
and Joint Implementation - as well as the EU 'linking directive' allowing carbon trading under the different
mechanisms to be linked.
Contents
- Introduction
- Part I: International Rules on Kyoto Mechanisms
- Part II: EU Emissions Allowance Trading Scheme
- Part III: Development and Implementation of Kyoto Mechanisms Worldwide
- Emissions Trading
- The Size of the Kyoto Markets
- Implementation
- Clean Development Mechanism: Baselines and Additionality
- Joint Implementation and Emission Trading
- Host Country Participation in CDM
- Primary Documents
- Appendices
- Bibliography
- Index
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