International Emissions Trading
E449679
International Emissions Trading is a market-based climate policy mechanism that allows countries or entities with surplus greenhouse gas emission allowances to sell them to those exceeding their emission limits, thereby promoting cost-effective global emissions reductions.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
carbon market mechanism
ⓘ
environmental policy instrument ⓘ market-based climate policy mechanism ⓘ |
| aimsTo |
equalize marginal abatement costs across participants
ⓘ
minimize overall cost of meeting emission reduction targets ⓘ |
| allows |
countries exceeding their emission limits to buy allowances
ⓘ
countries with surplus emission allowances to sell them ⓘ |
| associatedWith | Article 17 of the Kyoto Protocol NERFINISHED ⓘ |
| canInclude | linking of national or regional emissions trading systems ⓘ |
| canLeadTo | carbon leakage concerns if poorly designed ⓘ |
| complements |
Clean Development Mechanism
NERFINISHED
ⓘ
Joint Implementation NERFINISHED ⓘ |
| contrastedWith |
carbon taxes
ⓘ
command-and-control regulation ⓘ |
| covers |
carbon dioxide
ⓘ
fluorinated gases ⓘ methane ⓘ nitrous oxide ⓘ |
| creates | price signal for emissions reductions ⓘ |
| criticizedFor |
complexity of rules
ⓘ
market volatility ⓘ potential overallocation of allowances ⓘ |
| dependsOn |
credible enforcement of emission limits
ⓘ
robust emissions accounting rules ⓘ |
| encourages | emissions abatement where it is cheapest ⓘ |
| evolvedUnder | United Nations Framework Convention on Climate Change NERFINISHED ⓘ |
| governedBy | international climate agreements ⓘ |
| hasBasisIn | cap-and-trade principle ⓘ |
| hasPurpose | promote cost-effective global greenhouse gas emissions reductions ⓘ |
| implementedUnder | Kyoto Protocol NERFINISHED ⓘ |
| influenced |
European Union Emissions Trading System
NERFINISHED
ⓘ
design of regional emissions trading systems ⓘ |
| involves |
countries
ⓘ
regulated entities ⓘ trading of greenhouse gas emission allowances ⓘ |
| isComponentOf |
Kyoto flexible mechanisms
ⓘ
international carbon market ⓘ |
| operatesAt | international level ⓘ |
| relatesTo |
carbon pricing
ⓘ
climate change mitigation ⓘ greenhouse gas emissions ⓘ |
| requires |
international cooperation
ⓘ
monitoring reporting and verification of emissions ⓘ national emissions caps ⓘ national registries for emission units ⓘ |
| subjectTo | negotiation in international climate talks ⓘ |
| usesUnit |
AAUs
ⓘ
Assigned Amount Units NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.