Date: 2022
Type: Other
Linking emissions trading systems with different offset provisions
Policy Briefs, 2022/14, Florence School of Regulation, [Climate]
GALDI, Giulio, VERDE, Stefano F., BORGHESI, Simone, FERRARI, Albert, Linking emissions trading systems with different offset provisions, Policy Briefs, 2022/14, Florence School of Regulation, [Climate] - https://hdl.handle.net/1814/74106
Retrieved from Cadmus, EUI Research Repository
There is a very large cost-effectiveness potential for the implementation of offsets under Emissions Trading Schemes (ETSs). The scientific literature highlights that heterogeneity in offset provisions between prospective partners in an ETS linkage should be addressed for the sake of linking, but is not regarded as a priority.Co-benefits of offset projects are typically insufficiently incentivised, while adverse impacts have been reported on the local communities. In general, the experience with the Clean Development Mechanism (CDM) can greatly inform offset provisions design. Experts at the Carbon Market Policy Dialogue share insights on the most successful offset provisions. The Paris Agreement and its Article 6 can foster ETS linking, but requires additional coordination by prospective partners on key aspects.
Cadmus permanent link: https://hdl.handle.net/1814/74106
Full-text via DOI: 10.2870/795960
ISBN: 9789294661531
ISSN: 2467-4540
Series/Number: Policy Briefs; 2022/14; Florence School of Regulation; [Climate]
Publisher: European University Institute