Our new article with David Victor and Arild Underdal in Climate Policy looks systematically at the political economy of the diffusion of emissions trading system (ETS) designs and has sobering implications for the vision of global carbon-market linking. Ever since the middle 1990s when serious efforts were made to promote the use of emission trading […]Read More Bye, bye global carbon market?
Since more than 40 countries have already implemented carbon pricing policies of some kind, there is much that other countries contemplating new policies could learn from their experience. Insights from a detailed review of current emissions trading systems (ETS) indicate that institutional learning from within or outside respective jurisdictions, administrative prudence in implementing and managing […]Read More Carbon Pricing in Practice: Lessons from Existing ETS Regimes
An effective system for monitoring, reporting and verification (MRV) is the cornerstone of any carbon emissions trading scheme (ETS). A key feature of a robust MRV system is that it should be built on general monitoring and reporting principles such as completeness, accuracy, consistency and transparency. Such a robust MRV system is essential for the […]Read More China’s National ETS: What are the Key Challenges for Establishing an MRV System?