WorldWideScience

Sample records for cdm permit trading

  1. Permit trading and credit trading

    DEFF Research Database (Denmark)

    Boom, Jan-Tjeerd; R. Dijstra, Bouwe

    This paper compares emissions trading based on a cap on total emissions (permit trading) and on relative standards per unit of output (credit trading). Two types of market structure are considered: perfect competition and Cournot oligopoly. We find that output, abatement costs and the number...... of firms are higher under credit trading. Allowing trade between permit-trading and credit-trading sectors may increase in welfare. With perfect competition, permit trading always leads to higher welfare than credit trading. With imperfect competition, credit trading may outperform permit trading....... Environmental policy can lead to exit, but also to entry of firms. Entry and exit have a profound impact on the performance of the schemes, especially under imperfect competition. We find that it may be impossible to implement certain levels of total industry emissions. Under credit trading several levels...

  2. Scoping paper on new CDM baseline methodology for cross-border power trade

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2011-07-01

    Poeyry has been sub-contracted by Carbon Limits, under the African Development Bank CDM Support Programme, to prepare a new CDM baseline methodology for cross border trade, based on a transmission line from Ethiopia to Kenya. The first step in that process is to review the response of the UNFCCC, particularly the Methodologies Panel ('Meth Panel') of the CDM Executive Board, to the various proposals on cross-border trade and interconnection of grids. This report reviews the Methodology Panel and Executive Board decisions on 4 requests for revisions of ACM2 'Consolidated baseline methodology for grid-connected electricity generation from renewable sources', and 5 proposed new baseline methodologies (NM255, NM269, NM272, NM318, NM342), all of which were rejected. We analyse the reasons the methodologies were rejected, and whether the proposed draft Approved Methodology (AM) that the Methodology Panel created in response to NM269 and NM272 is a suitable basis for a new methodology proposal.(auth)

  3. Implementing the Kyoto protocol : why JI and CDM show more promise than international emissions trading

    NARCIS (Netherlands)

    Woerdman, E.

    The Kyoto protocol allows developed countries to achieve cost-effective greenhouse gas emission reductions abroad by means of international emissions trading (IET), joint implementation (JI) and the clean development mechanism (CDM). The article argues that JI and CDM projects will be more

  4. A real option-based model to valuate CDM projects under uncertain energy policies for emission trading

    International Nuclear Information System (INIS)

    Park, Taeil; Kim, Changyoon; Kim, Hyoungkwan

    2014-01-01

    Highlights: • A real option-based model for the valuation of CDM projects is proposed. • This study investigates the impact of energy policies on the value of CDM projects. • Level of target emission and its schedule should be carefully designed. • Government subsidy facilitates the implementation of CDM projects. • Period for free emission allowance prevents promoting CDM projects. - Abstract: Emission trading has been considered a primary policy tool for emission reduction. Governments establish national targets for emission reduction and assign emission reduction goals to private entities to accomplish the targets. To attain the goal, private entities should perform offset projects that can produce emission credits or buy emission credits from the market. However, it is not easy for private entities to decide to implement the projects because energy policies associated with emission trading keep changing; thus, the future benefits of the offset projects are quite uncertain. This study presents a real option-based model to investigate how uncertain energy policies affect the financial viability of an offset project. A case study showed that the establishment of a target emission was attractive to the government because it could make the CDM project financially viable with a small amount of government subsidy. In addition, the level of the government subsidy could determine the investment timing for the CDM project. In this context, governments should be cautious in designing energy policies, because even the same energy policies could have different impacts on private entities. Overall, this study is expected to assist private entities in establishing proper investment strategies for CDM projects under uncertain energy policies

  5. Implementing CDM projects. A guidebook to host country legal issues; CDM - Clean Development Mechanism

    Energy Technology Data Exchange (ETDEWEB)

    Curnow, P [Baker and McKenzie, London (United Kingdom); Hodes, G [UNEP Risoe Centre on Energy, Climate and Sustainable Development, DTU, Roskilde (Denmark)

    2009-08-15

    The Clean Development Mechanism (CDM) continues to evolve organically, and many legal issues remain to be addressed in order to maximise its effectiveness. This Guidebook explains through case studies how domestic laws and regulatory frameworks in CDM Host Countries interact with international rules on carbon trading, and how the former can be enhanced to facilitate the implementation and financing of CDM projects. (author)

  6. Watershed-based point sources permitting strategy and dynamic permit-trading analysis.

    Science.gov (United States)

    Ning, Shu-Kuang; Chang, Ni-Bin

    2007-09-01

    Permit-trading policy in a total maximum daily load (TMDL) program may provide an additional avenue to produce environmental benefit, which closely approximates what would be achieved through a command and control approach, with relatively lower costs. One of the important considerations that might affect the effective trading mechanism is to determine the dynamic transaction prices and trading ratios in response to seasonal changes of assimilative capacity in the river. Advanced studies associated with multi-temporal spatially varied trading ratios among point sources to manage water pollution hold considerable potential for industries and policy makers alike. This paper aims to present an integrated simulation and optimization analysis for generating spatially varied trading ratios and evaluating seasonal transaction prices accordingly. It is designed to configure a permit-trading structure basin-wide and provide decision makers with a wealth of cost-effective, technology-oriented, risk-informed, and community-based management strategies. The case study, seamlessly integrating a QUAL2E simulation model with an optimal waste load allocation (WLA) scheme in a designated TMDL study area, helps understand the complexity of varying environmental resources values over space and time. The pollutants of concern in this region, which are eligible for trading, mainly include both biochemical oxygen demand (BOD) and ammonia-nitrogen (NH3-N). The problem solution, as a consequence, suggests an array of waste load reduction targets in a well-defined WLA scheme and exhibits a dynamic permit-trading framework among different sub-watersheds in the study area. Research findings gained in this paper may extend to any transferable dynamic-discharge permit (TDDP) program worldwide.

  7. 50 CFR 300.182 - HMS international trade permit.

    Science.gov (United States)

    2010-10-01

    ... 50 Wildlife and Fisheries 7 2010-10-01 2010-10-01 false HMS international trade permit. 300.182... FISHERIES REGULATIONS International Trade Documentation and Tracking Programs for Highly Migratory Species § 300.182 HMS international trade permit. (a) General. An importer, entering for consumption fish or...

  8. Linking renewable energy CDM projects and TGC schemes: An analysis of different options

    International Nuclear Information System (INIS)

    Del Rio, Pablo

    2006-01-01

    Renewable energy CDM (RE-CDM) projects encourage cost-effective GHG mitigation and enhanced sustainable development opportunities for the host countries. CERs from CDM projects include the value of the former benefits (i.e., 'climate change benefits'), whereas the second can be given value through the issuing and trading of tradable green certificates (TGCs). Countries could agree to trade these TGCs, leading to additional revenues for the investors in renewable energy projects and, therefore, further encouraging the deployment of CDM projects, currently facing significant barriers. However, the design of a combination of CDM projects and TGC schemes raises several conflicting issues and leads to trade-offs. This paper analyses these issues, identifies the alternatives that may exist to link TGC schemes with RE-CDM projects and analyses the impacts of those options on different variables and actors

  9. Linking renewable energy CDM projects and TGC schemes: An analysis of different options

    Energy Technology Data Exchange (ETDEWEB)

    Del Rio, Pablo [Department of Economics and Business, Facultad de Ciencias Juridicas y Sociales, Universidad de Castilla-La Mancha, C/ Cobertizo de S. Pedro Martir s/n., Toledo-45071 (Spain)]. E-mail: pablo.rio@uclm.es

    2006-11-15

    Renewable energy CDM (RE-CDM) projects encourage cost-effective GHG mitigation and enhanced sustainable development opportunities for the host countries. CERs from CDM projects include the value of the former benefits (i.e., 'climate change benefits'), whereas the second can be given value through the issuing and trading of tradable green certificates (TGCs). Countries could agree to trade these TGCs, leading to additional revenues for the investors in renewable energy projects and, therefore, further encouraging the deployment of CDM projects, currently facing significant barriers. However, the design of a combination of CDM projects and TGC schemes raises several conflicting issues and leads to trade-offs. This paper analyses these issues, identifies the alternatives that may exist to link TGC schemes with RE-CDM projects and analyses the impacts of those options on different variables and actors.

  10. CDM and JI in View of the Sustainability Debate

    NARCIS (Netherlands)

    Schoot Uiterkamp, A.J.M.

    2001-01-01

    Clean Development Mechanism (CDM), Joint Implementation (JI) and emissions trading are the three flexible instruments incorporated in the Kyoto Protocol. This paper presents a critical assessment of the sustainability of energy-related technology innovation and transfer in the context of CDM and JI.

  11. CDM and JI in View of the Sustainability Debate

    OpenAIRE

    Schoot Uiterkamp, A.J.M.

    2001-01-01

    Clean Development Mechanism (CDM), Joint Implementation (JI) and emissions trading are the three flexible instruments incorporated in the Kyoto Protocol. This paper presents a critical assessment of the sustainability of energy-related technology innovation and transfer in the context of CDM and JI. The rebound effect is discussed by comparing intended and unintended project and process outcomes. Attention is given to the role of nations and key actors like multinationals in achieving sustain...

  12. The Learning Process and Technological Change in Wind Power: Evidence from China's CDM Wind Projects

    Science.gov (United States)

    Tang, Tian; Popp, David

    2016-01-01

    The Clean Development Mechanism (CDM) is a project-based carbon trade mechanism that subsidizes the users of climate-friendly technologies and encourages technology transfer. The CDM has provided financial support for a large share of Chinese wind projects since 2002. Using pooled cross-sectional data of 486 registered CDM wind projects in China…

  13. Latin America-Alberta-Canada CDM Conference: Conference Summary

    International Nuclear Information System (INIS)

    Anon

    2000-01-01

    Proposals for joint initiatives put forward by participants at the Clean Development Mechanisms Conference included (1) the development of regional guidelines to assist governments in setting regulatory framework for projects to qualify as CDMs, (2) development of regional baselines and regional performance indicators for social benefit and sustainable development, (3) a specific project in Mexico to test the CDM framework and eligibility criteria, (4) development of bilateral agreements between governments, (5) staff exchanges between associations and governments, (6) government recognition for private sector actions such as a letter affirming that certified emission reductions would be accepted for commitments, (7) sharing of information on websites, and (8) capacity building, training programs and workshops. The Conference also identified common ground and shared interest in CDM initiatives among participants, and readiness to explore joint ventures and technology transfer opportunities. There is wide-spread agreement on the need to resolve uncertainties of CDM, such as baseline and additionality; monitoring, reporting, certification; buyer/seller liability; adaptation levy for international emissions trading, joint implementation and clean development mechanism transactions. Significant consensus exists regarding benefits of 'learning by doing' and the need for minimizing transaction costs and risks. Baseline and Additionality are recognized as the critical issues, with social benefits, sustainable development aspects of projects, and the critical nature of integrity, technical expertise, and track record of both partners as close seconds. The importance of framework arrangements, host country approval, clear designation of responsibility and authority to approve projects, the need for specific guidelines and specific approval procedures, country-to-country agreements and national crediting arrangement are recognized by all participants. With regard to issues

  14. The European Union's potential for strategic emissions trading through permit sales contracts

    International Nuclear Information System (INIS)

    Eyckmans, Johan; Hagem, Cathrine

    2011-01-01

    Strategic market behavior by permit sellers will harm the European Union (EU) as it is expected to become a large net buyer of permits in a follow-up agreement to the Kyoto Protocol. In this paper, we explore how the EU could benefit from making permit trade agreements with non-EU countries. These trade agreements involve permit sales requirement, complemented by a financial transfer from the EU to the other contract party. Such agreements would enable the EU to act strategically in the permit market on behalf of its member states, although each member state is assumed to behave as a price taker in the permit market. Using a stylized numerical simulation model, we show that an appropriately designed permit trade agreement between the EU and China could significantly cut the EU's total compliance cost. This result is robust for a wide range of parameterizations of the simulation model. (author)

  15. Lessons from Queensland's last-drinks legislation: The use of extended trading permits.

    Science.gov (United States)

    Zahnow, Renee; Miller, Peter; Coomber, Kerri; de Andrade, Dominique; Ferris, Jason

    2018-05-01

    The association between alcohol availability, alcohol consumption and, in turn, alcohol-related harms is well established. Policies to reduce alcohol-related harms focus on limiting accessibility through the regulation of the liquor industry, including trading hours. On 1 July 2016, the Queensland Government introduced legislation to reduce ordinary liquor trading hours, replacing 5 am closing times with 3 am cessation of liquor sales in designated entertainment precincts and 2 am cessation of sales across the rest of the state. However, the amendment was under-inclusive and did not apply to temporary extended trading permits, a provision of the Liquor Act 1992 allowing one-off variations in trading hours for special events. We use 24 months of data (1 January 2015 to 31 December 2016) from the Office of Liquor Gaming and Regulation to explore patterns of extended trading permit use across Queensland, pre- and post- 1 July 2016. We find that following the Amendment in 2016 there was also a distinct shift in the utilisation of temporary extended trading permits, with a 63% increase in approved permits between 2015 and 2016. Temporal clustering around key calendar events dissipated following 1 July 2016 with consistent concentration of permit utilisation over consecutive weeks. Using temporary extended trading permits venue owners avoided earlier closing times and continued to operate until 5 am. The findings provide lessons for future policy implementation by illustrating the capacity for under-inclusive legislation to result in the dilution of intended effects. © 2018 Australasian Professional Society on Alcohol and other Drugs.

  16. 40 CFR 60.4120 - General Hg budget trading program permit requirements.

    Science.gov (United States)

    2010-07-01

    ... 40 Protection of Environment 6 2010-07-01 2010-07-01 false General Hg budget trading program... and Compliance Times for Coal-Fired Electric Steam Generating Units Permits § 60.4120 General Hg budget trading program permit requirements. (a) For each Hg Budget source required to have a title V...

  17. Review of monitoring uncertainty requirements in the CDM

    International Nuclear Information System (INIS)

    Shishlov, Igor; Bellassen, Valentin

    2014-10-01

    In order to ensure the environmental integrity of carbon offset projects, emission reductions certified under the Clean Development Mechanism (CDM) have to be 'real, measurable and additional', which is ensured through the monitoring, reporting and verification (MRV) process. MRV, however, comes at a cost that ranges from several cents to EUR1.20 and above per ton of CO 2 e depending on the project type. This article analyzes monitoring uncertainty requirements for carbon offset projects with a particular focus on the trade-off between monitoring stringency and cost. To this end, we review existing literature, scrutinize both overarching monitoring guidelines and the 10 most-used methodologies, and finally we analyze four case studies. We find that there is indeed a natural trade-off between the stringency and the cost of monitoring, which if not addressed properly may become a major barrier for the implementation of offset projects in some sectors. We demonstrate that this trade-off has not been systematically addressed in the overarching CDM guidelines and that there are only limited incentives to reduce monitoring uncertainty. Some methodologies and calculation tools as well as some other offset standards, however, do incorporate provisions for a trade-off between monitoring costs and stringency. These provisions may take the form of discounting emissions reductions based on the level of monitoring uncertainty - or more implicitly through allowing a project developer to choose between monitoring a given parameter and using a conservative default value. Our findings support the introduction of an uncertainty standard under the CDM for more comprehensive, yet cost-efficient, accounting for monitoring uncertainty in carbon offset projects. (authors)

  18. Carbon quota price and CDM potentials after Marrakesh

    International Nuclear Information System (INIS)

    Wenying Chen

    2003-01-01

    The Kyoto Protocol sets quantified GHG emission reduction commitments for Annex I Parties. But their emission reduction requirements related to BAU projections, one of the key factors to effect on future carbon market, are uncertain. Both the decisions made in Bonn and Marrakesh would have further consequences for how the future carbon market will take shape. This paper, with application of the carbon emission reduction trading model, evaluates future carbon quota price and Clean Development Mechanism (CDM) potentials under different BAU projections, and does sensitivity analysis on carry-over of AAUs, CERs and ERUs, implementation rate, transaction cost, holding of CERs in Non-Annex I Parties, etc. to assess the impacts of relevant decisions of COP6-bis and COP7 on the carbon market. Under different BAU projections, future carbon quota price and CDM potentials could vary widely. Carry over of AAUs, CERs, ERUs, and holding of CERs in Non-Annex I Parties could raise both quota price and total CDM potentials considerably. Implementation rate could have big impacts on both carbon quota price and CDM potentials, especially for the cases formerly with relatively high CDM potentials, and it could also change the regional distribution of CDM potentials. Transaction cost's effect on the carbon market would be comparatively low, but would become unignorable in the market whose quota price is low. It would lead to a downward trend in price while upward in CDM potentials when increasing the implementation rate or lowering transaction cost. Withdrawal of USA would dramatically shrink carbon price and credit amount, and large numbers of hot air and sink credits would further greatly crowd out the CDM projects; carry over of AAUs, CERs and ERUs, holding of CERs in Non-Annex I Parties, prompt start of CDM projects, etc., would, however, enhance the total CDM credits to ensure more investment and technology flow to developing countries to promote their sustainable development

  19. Carbon quota price and CDM potentials after Marrakesh

    International Nuclear Information System (INIS)

    Chen Wenying

    2003-01-01

    The Kyoto Protocol sets quantified GHG emission reduction commitments for Annex I Parties. But their emission reduction requirements related to BAU projections, one of the key factors to effect on future carbon market, are uncertain. Both the decisions made in Bonn and Marrakesh would have further consequences for how the future carbon market will take shape. This paper, with application of the carbon emission reduction trading model, evaluates future carbon quota price and Clean Development Mechanism (CDM) potentials under different BAU projections, and does sensitivity analysis on carry-over of AAUs, CERs and ERUs, implementation rate, transaction cost, holding of CERs in Non-Annex I Parties, etc. to assess the impacts of relevant decisions of COP6-bis and COP7 on the carbon market. Under different BAU projections, future carbon quota price and CDM potentials could vary widely. Carry over of AAUs, CERs, ERUs, and holding of CERs in Non-Annex I Parties could raise both quota price and total CDM potentials considerably. Implementation rate could have big impacts on both carbon quota price and CDM potentials, especially for the cases formerly with relatively high CDM potentials, and it could also change the regional distribution of CDM potentials. Transaction cost's effect on the carbon market would be comparatively low, but would become unignorable in the market whose quota price is low. It would lead to a downward trend in price while upward in CDM potentials when increasing the implementation rate or lowering transaction cost. Withdrawal of USA would dramatically shrink carbon price and credit amount, and large numbers of hot air and sink credits would further greatly crowd out the CDM projects; carry over of AAUs, CERs and ERUs, holding of CERs in Non-Annex I Parties, prompt start of CDM projects, etc., would, however, enhance the total CDM credits to ensure more investment and technology flow to developing countries to promote their sustainable development

  20. Frictions in Project-Based Supply of Permits

    International Nuclear Information System (INIS)

    Liski, M.; Virrankoski, J.

    2004-01-01

    Emissions trading in climate change can entail large overall cost savings and transfers between developed and developing countries. However, the search for acceptable JI or CDM projects implies a deviation from the perfect market framework used in previous estimations. Our model combines the search market for projects with a frictionless permit market to quantify the supply-side frictions in the CO2 market. We also decompose the effects of frictions into the effects of search friction, bargaining, and bilateralism. A calibration using previous cost estimates of CO2 reductions illustrate changes in cost savings and allocative implications

  1. CDM Country Guides

    International Nuclear Information System (INIS)

    2005-01-01

    Under the Integrated Capacity Strengthening for the Clean Development Mechanism (ICS-CDM) programme, IGES presents the CDM Country Guides, a series of manuals on CDM project development for Cambodia, China, India, Indonesia, the Philippines, and Thailand. These guidebooks aim at facilitating CDM project developments in Asia by providing essential information to both project developers and potential investors. Chapter 1, Introduction, is a summary of issues that developers and investors in CDM projects should be aware of. Includes tips for readers to effectively use the guidebook to find specific information. Chapter 2, Country Profile, comprises a profile that provides a broad picture of the country, including social, economic, and political information, as well as an overview of the country's energy situation, which is important for project development and investment. Chapter 3, The CDM Project Cycle, gives an explanation of the general CDM project cycle, which includes identifying a project, issuance of carbon credits, requirements, and stakeholders for each process. Chapter 4, Possible CDM Projects in the Country, is an overview of the country's potential resources and sectoral or project type categories that hold potential for CDM projects. Chapter 5, Government Authorities, gives a comprehensive picture of the CDM-related institutional framework and its inter-organisational relationships. Chapter 6, CDM Project Approval Procedures and Requirements Steps, informs about obtaining project approval and its requirements (e.g., country-specific provisions on additionality, sustainable development criteria, and environmental impact assessment) in the host country. Chapter 7, Laws and Regulations, is an overview of basic investment-related laws, environmental and property law, and sector-specific regulations relevant to CDM project activities. Chapter 8, Fiscal and Financing Issues, gives practical information on the financial market in the host country (both

  2. Cooperative Emissions Trading Game: International Permit Market Dominated by Buyers.

    Science.gov (United States)

    Honjo, Keita

    2015-01-01

    Rapid reduction of anthropogenic greenhouse gas emissions is required to mitigate disastrous impacts of climate change. The Kyoto Protocol introduced international emissions trading (IET) to accelerate the reduction of carbon dioxide (CO2) emissions. The IET controls CO2 emissions through the allocation of marketable emission permits to sovereign countries. The costs for acquiring additional permits provide buyers with an incentive to reduce their CO2 emissions. However, permit price has declined to a low level during the first commitment period (CP1). The downward trend in permit price is attributed to deficiencies of the Kyoto Protocol: weak compliance enforcement, the generous allocation of permits to transition economies (hot air), and the withdrawal of the US. These deficiencies created a buyer's market dominated by price-making buyers. In this paper, I develop a coalitional game of the IET, and demonstrate that permit buyers have dominant bargaining power. In my model, called cooperative emissions trading (CET) game, a buyer purchases permits from sellers only if the buyer forms a coalition with the sellers. Permit price is determined by bargaining among the coalition members. I evaluated the demand-side and supply-side bargaining power (DBP and SBP) using Shapley value, and obtained the following results: (1) Permit price is given by the product of the buyer's willingness-to-pay and the SBP (= 1 - DBP). (2) The DBP is greater than or equal to the SBP. These results indicate that buyers can suppress permit price to low levels through bargaining. The deficiencies of the Kyoto Protocol enhance the DBP, and contribute to the demand-side dominance in the international permit market.

  3. Intertemporal Permit Trading for the Control of Greenhouse Gas Emissions

    International Nuclear Information System (INIS)

    Leiby, P.; Rubin, J.

    2001-01-01

    This paper integrates two themes in the intertemporal permit literature through the construction of an intertemporal banking system for a pollutant that creates both stock and flow damages. A permit banking system for the special case of a pollutant that only causes stock damages is also developed. This latter, simpler case corresponds roughly to the greenhouse gas emission reduction regime proposed by the U.S. Department of State as a means of fulfilling the U.S. commitment to the Framework Convention on Climate Change. This paper shows that environmental regulators can achieve the socially optimal level of emissions and output through time by setting the correct total sum of allowable emissions, and specifying the correct intertemporal trading ratio for banking and borrowing. For the case of greenhouse gases, we show that the optimal growth rate of permit prices, and therefore the optimal intertemporal trading rate, has the closed-form solution equal to the ratio of current marginal stock damages to the discounted future value of marginal stock damages less the decay rate of emissions in the atmosphere. Given a non-optimal negotiated emission path we then derive a permit banking system that has the potential to lower net social costs by adjusting the intertemporal trading ratio taking into account the behavior of private agents. We use a simple numerical simulation model to illustrate the potential gains from various possible banking systems. 24 refs

  4. CDM Country Guide for Indonesia

    International Nuclear Information System (INIS)

    2005-01-01

    Under the Integrated Capacity Strengthening for the CDM (ICS-CDM) programme, IGES presents the CDM Country Guides, a series of manuals on CDM project development for Cambodia, China, India, Indonesia, the Philippines, and Thailand. These guidebooks aim at facilitating CDM project developments in Asia by providing essential information to both project developers and potential investors. This volume is on Indonesia

  5. CDM Country Guide for China

    International Nuclear Information System (INIS)

    2005-01-01

    Under the Integrated Capacity Strengthening for the CDM (ICS-CDM) programme, IGES presents the CDM Country Guides, a series of manuals on CDM project development for Cambodia, China, India, Indonesia, the Philippines, and Thailand. These guidebooks aim at facilitating CDM project developments in Asia by providing essential information to both project developers and potential investors. This volume is on China

  6. CDM Country Guide for India

    International Nuclear Information System (INIS)

    2005-01-01

    Under the Integrated Capacity Strengthening for the CDM (ICS-CDM) programme, IGES presents the CDM Country Guides, a series of manuals on CDM project development for Cambodia, China, India, Indonesia, the Philippines, and Thailand. These guidebooks aim at facilitating CDM project developments in Asia by providing essential information to both project developers and potential investors. This volume is on India

  7. CDM Country Guide for Thailand

    International Nuclear Information System (INIS)

    2006-01-01

    Under the Integrated Capacity Strengthening for the CDM (ICS-CDM) programme, IGES presents the CDM Country Guides, a series of manuals on CDM project development for Cambodia, China, India, Indonesia, the Philippines, and Thailand. These guidebooks aim at facilitating CDM project developments in Asia by providing essential information to both project developers and potential investors. This volume is on Thailand

  8. CDM Country Guide for Cambodia

    International Nuclear Information System (INIS)

    2005-01-01

    Under the Integrated Capacity Strengthening for the CDM (ICS-CDM) programme, IGES presents the CDM Country Guides, a series of manuals on CDM project development for Cambodia, China, India, Indonesia, the Philippines, and Thailand. These guidebooks aim at facilitating CDM project developments in Asia by providing essential information to both project developers and potential investors. This volume is on Cambodia

  9. Unilateral regulation of bilateral trade in greenhouse gas emission permits

    International Nuclear Information System (INIS)

    Rehdanz, Katrin; Tol, Richard S.J.

    2005-01-01

    This paper considers the coordination of domestic markets for tradable emission permits where countries determine their own emission reduction targets, using a two-country model. Linking such schemes is beneficial to both countries but may cause the exporting country to decrease its emission reduction target and export more permits. This in turn would not only reduce the costs for both countries as less emissions have to be reduced, but it also lowers the environmental benefits of the importing country. One price instrument (tariff) and two quantity instruments (discount, quota) to prevent the exporting country from issuing more permits are examined. Each instrument restricts trade and alters the terms of trade for the two countries. The importing country (and regulator) prefers an import tariff and an import quota to a carbon discount. If the exporting country releases additional permits, the importing country should not try to keep total emissions constant, as that would be ineffective and maybe even counterproductive. Instead, the importing country should aim to keep the total import constant; this would impose costs on the exporting country that are independent of the policy instrument; an import quota would be the cheapest option for the importing country. An import quota would also stress the idea of supplementary of the flexible mechanism as it increases the share of emissions reduced domestically. Compliance and liability issues constrain the market further. However, both the importing and the exporting country would prefer that the permit seller is liable in case of non-compliance, as sellers' liability would less constrain the market

  10. Guidebook to financing CDM projects

    Energy Technology Data Exchange (ETDEWEB)

    Kamel, S.

    2007-07-01

    One of the challenges facing Clean Development Mechanism (CDM) projects today is their limited ability to secure financing for the underlying greenhouse gas emission reduction activities, particularly in the least developed countries. Among the key reasons for this is the fact that most financial intermediaries in the CDM host countries have limited or no knowledge of the CDM Modalities and Procedures. Moreover, approaches, tools and skills for CDM project appraisal are lacking or are asymmetrical to the skills in comparable institutions in developed countries. Consequently, developing country financial institutions are unable to properly evaluate the risks and rewards associated with investing or lending to developers undertaking CDM projects, and therefore have, by-and-large, refrained from financing these projects. In addition, some potential project proponents lack experience in structuring arrangements for financing a project. This Guidebook - commissioned by the UNEP Risoe Centre as part of the activities of the Capacity Development for CDM (CD4CDM) project (http://www.cd4cdm.org) - addresses these barriers by providing information aimed at both developing country financial institutions and at CDM project proponents. It should be noted that while the Guidebook was developed particularly with the CDM in mind, most sections will also be relevant for Joint Implementation (JI) project activities. For more detailed information on JI modalities and procedures please consult: http://ji.unfccc.int The purpose of this Guidebook is two-fold: 1) To guide project developers on obtaining financing for the implementation of activities eligible under the CDM; and 2) To demonstrate to developing country financial institutions typical approaches and methods for appraising the viability of CDM projects and for optimally integrating carbon revenue into overall project financing. The target audiences for the Guidebook are therefore, primarily: 1) CDM project proponents in

  11. A stochastic conflict resolution model for trading pollutant discharge permits in river systems.

    Science.gov (United States)

    Niksokhan, Mohammad Hossein; Kerachian, Reza; Amin, Pedram

    2009-07-01

    This paper presents an efficient methodology for developing pollutant discharge permit trading in river systems considering the conflict of interests of involving decision-makers and the stakeholders. In this methodology, a trade-off curve between objectives is developed using a powerful and recently developed multi-objective genetic algorithm technique known as the Nondominated Sorting Genetic Algorithm-II (NSGA-II). The best non-dominated solution on the trade-off curve is defined using the Young conflict resolution theory, which considers the utility functions of decision makers and stakeholders of the system. These utility functions are related to the total treatment cost and a fuzzy risk of violating the water quality standards. The fuzzy risk is evaluated using the Monte Carlo analysis. Finally, an optimization model provides the trading discharge permit policies. The practical utility of the proposed methodology in decision-making is illustrated through a realistic example of the Zarjub River in the northern part of Iran.

  12. CDM Country Guide for The Philippines

    International Nuclear Information System (INIS)

    2006-01-01

    Under the Integrated Capacity Strengthening for the CDM (ICS-CDM) programme, IGES presents the CDM Country Guides, a series of manuals on CDM project development for Cambodia, China, India, Indonesia, the Philippines, and Thailand. These guidebooks aim at facilitating CDM project developments in Asia by providing essential information to both project developers and potential investors. This volume is on The Philippines

  13. Asymmetric learning by doing and dynamically efficient policy: implications for domestic and international emissions permit trading of allocating permits usefully

    International Nuclear Information System (INIS)

    Read, Peter

    2000-01-01

    Learning by doing leads to cost reductions as suppliers move down the 'experience curve'. This results in a beneficial supply side inter-temporal externality that, for dynamic efficiency, requires a higher incentive for abatement innovations than the penalty on emissions. This effect can be achieved by a dedicated emissions tax or by a proportionate abatement obligation or by allocating permits usefully. The latter arrangement is compatible with the effective cap on emissions that is secured by an emissions trading scheme. Each of the three possibilities results in a reduced loss of international competitivity in policy-committed regions, in less 'leakage, and in more technology transfer. Implications for trading in emissions permits and in project-related credits are discussed. (Author)

  14. Primer on CDM programme of activities

    Energy Technology Data Exchange (ETDEWEB)

    Hinostroza, M. (UNEP Risoe Centre, Roskilde (Denmark)); Lescano, A.D. (A2G Carbon Partners (Peru)); Alvarez, J.M. (Ministerio del Ambiente del Peru (Peru)); Avendano, F.M. (EEA Fund Management Ltd. (United Kingdom)

    2009-07-01

    As an advanced modality introduced in 2005, the Programmatic CDM (POA) is expected to address asymmetries of participation, especially of very small-scale project activities in certain areas, key sectors and many countries with considerable potential for greenhouse gas emission reductions, not reached by the traditional single-project-based CDM. Latest experiences with POAs and the recently finalized official guidance governing the Programmatic CDM are the grassroots of this Primer, which has the purpose of supporting the fully understanding of rules and procedures of POAs by interpreting them and analyzing real POA cases. Professional and experts from the public and private entities have contributed to the development of this Primer, produced by the UNEP Risoe Centre, as part of knowledge support activities for the Capacity Development for the CDM (CD4CDM) project. The overall objective of the CD4CDM is to develop the capacities of host countries to identify, design, approve, finance, implement CDM projects and commercialize CERs in participating countries. The CDM4CDM is funded by the Netherlands Ministry of Foreign Affairs. (author)

  15. The economics of the CDM levy: Revenue potential, tax incidence and distortionary effects

    International Nuclear Information System (INIS)

    Fankhauser, Samuel; Martin, Nat

    2010-01-01

    A levy on the Clean Development Mechanism and other carbon trading schemes is a potential source of finance for climate change adaptation. An adaptation levy of 2% is currently imposed on all CDM transactions which could raise around $500 million between now and 2012. This paper analyses the scope for raising further adaptation finance from the CDM, the economic costs (deadweight loss) of such a measure and the incidence of the levy, that is, the economic burden the levy would impose on the buyers and sellers of credits. We find that a levy of 2% could raise up to $2 billion a year in 2020 if there are no restrictions on demand. This could rise to $10 billion for a 10% tax. Restrictions on credit demand (called supplementarity limits, the requirement that most emission abatement should happen domestically) curtail trade volumes and consequently tax revenues. They also alter the economic impact of the CDM levy. Without supplementarity restrictions sellers (developing countries) bear two-thirds of the cost of the tax. If there are supplementarity limits they can pass on the tax burden to buyers (developed countries) more or less in full. Without supplementarity restrictions the distortionary effect of the levy (its deadweight loss) rises sharply with the tax rate. With them the deadweight loss is close to zero.

  16. CDM sustainable development impacts developed for the UNEP project 'CD4CDM'

    Energy Technology Data Exchange (ETDEWEB)

    Olhoff, Anne; Markandya, Anil; Halsnaes, Kirsten; Taylor, Tim

    2004-07-01

    The Clean Development Mechanism (CDM), an innovative cooperative mechanism under the Kyoto Protocol, is designed with the dual aim of assisting developing countries in achieving sustainable development (SD) and of assisting industrialised countries in achieving compliance with their greenhouse gas (GHG) emission reduction commitments. The SD dimension is not merely a requirement of the CDM; it should be seen as a main driver for developing country interest in participating in CDM projects. This is so, since apart from GHG emission reductions CDM projects will have a number of impacts in the host countries, including impacts on economic and social development and on the local environment. Furthermore, the selecting of the SD criteria and the assessment of the SD impacts are sovereign matters of the host countries in the current operationalisation of the Kyoto Protocol. National authorities can thus use the SD dimension to evaluate key linkages between national development goals and CDM projects, with the aim of selecting and designing CDM projects so that they create and maximise synergies with local development goals. (au)

  17. Joint Implementation, Clean Development Mechanism and Tradable Permits

    Energy Technology Data Exchange (ETDEWEB)

    Nielsen, L; Rose Olsen, K

    2000-06-01

    This report deals with international environmental instruments aimed at a cost-effective reduction of greenhouse gas emissions. More precisely the instruments mentioned in the Kyoto Protocol, namely Joint Implementation (JI), the Clean Development Mechanism (CDM) and Tradable Permits (TP). The report describes the background for the international co-operation on reducing the greenhouse gases and the background for the instruments. How the instruments work in theory and what the practical problems may be. What agents' incentives are when they engage in JI or CDM, and how the initiation of the instruments can be organised. The institutional frameworks for JI, CDM and TP are discussed. The report describes how the Kyoto instruments and the Kyoto commitments interact with other instruments and describe distributive effects between countries. It is analysed how the use of CDM may influence the developing countries incentives to participate in the coalition of committed countries. In the concluding chapter some recommendations on the use of JI, TP and CDM are given. The recommendations are a kind of dialog with especially the Norwegian and Swedish reports on tradable permits. Some of the issues described in this main report are analysed in separate working papers. The working papers are collected in an appendix to the main report. (au)

  18. Joint Implementation, Clean Development Mechanism and Tradable Permits

    Energy Technology Data Exchange (ETDEWEB)

    Nielsen, L.; Rose Olsen, K.

    2000-06-01

    This report deals with international environmental instruments aimed at a cost-effective reduction of greenhouse gas emissions. More precisely the instruments mentioned in the Kyoto Protocol, namely Joint Implementation (JI), the Clean Development Mechanism (CDM) and Tradable Permits (TP). The report describes the background for the international co-operation on reducing the greenhouse gases and the background for the instruments. How the instruments work in theory and what the practical problems may be. What agents' incentives are when they engage in JI or CDM, and how the initiation of the instruments can be organised. The institutional frameworks for JI, CDM and TP are discussed. The report describes how the Kyoto instruments and the Kyoto commitments interact with other instruments and describe distributive effects between countries. It is analysed how the use of CDM may influence the developing countries incentives to participate in the coalition of committed countries. In the concluding chapter some recommendations on the use of JI, TP and CDM are given. The recommendations are a kind of dialog with especially the Norwegian and Swedish reports on tradable permits. Some of the issues described in this main report are analysed in separate working papers. The working papers are collected in an appendix to the main report. (au)

  19. Overview of UNEP's CDM activities. Enhancing a more equitable regional distribution of CDM project activities

    Energy Technology Data Exchange (ETDEWEB)

    2007-12-15

    More than thirty months after the entry into force of the Kyoto Protocol, CDM transactions continue to gain momentum. By November 2007, 2,647 CDM projects are in the CDM pipeline. Of these, 827 are registered projects, and a further 154 are inthe registration process. The CDM Executive Board (CDM EB) has issued more than 82 million Certified Emissions Reductions (CER). In terms of number of projects by type of technology, renewables CDM projects are the leading type with 62% of the pipeline. However, N{sub 2}O, HFC and PFC projects have the biggest share (34%) of CERs expected to be generated by end of first commitment period. At the same time, more and more renewables and other non-industrial gases projects are going into the pipeline increasing their share of emissions reductions to be achieved. Geographically, the distribution of CDM projects has so far not been very equitable. A limited number of countries including China, India, Brazil and Mexico have captured the largest share of the global CDM project portfolio. Specific regions in the developing world, namely Sub-Saharan Africa, have been largely bypassed by the CDM market and are struggling to attract a decent number of CDM projects. In fact, of the total 2,647 projects, only 33 projects are in Sub-Saharan Africa where 21 of these are actually in South Africa, making the distribution even more skewed. (au)

  20. Developing a methodology for real-time trading of water withdrawal and waste load discharge permits in rivers.

    Science.gov (United States)

    Soltani, Maryam; Kerachian, Reza

    2018-04-15

    In this paper, a new methodology is proposed for the real-time trading of water withdrawal and waste load discharge permits in agricultural areas along the rivers. Total Dissolved Solids (TDS) is chosen as an indicator of river water quality and the TDS load that agricultural water users discharge to the river are controlled by storing a part of return flows in some evaporation ponds. Available surface water withdrawal and waste load discharge permits are determined using a non-linear multi-objective optimization model. Total available permits are then fairly reallocated among agricultural water users, proportional to their arable lands. Water users can trade their water withdrawal and waste load discharge permits simultaneously, in a bilateral, step by step framework, which takes advantage of differences in their water use efficiencies and agricultural return flow rates. A trade that would take place at each time step results in either more benefit or less diverted return flow. The Nucleolus cooperative game is used to redistribute the benefits generated through trades in different time steps. The proposed methodology is applied to PayePol region in the Karkheh River catchment, southwest Iran. Predicting that 1922.7 Million Cubic Meters (MCM) of annual flow is available to agricultural lands at the beginning of the cultivation year, the real-time optimization model estimates the total annual benefit to reach 46.07 million US Dollars (USD), which requires 6.31 MCM of return flow to be diverted to the evaporation ponds. Fair reallocation of the permits, changes these values to 35.38 million USD and 13.69 MCM, respectively. Results illustrate the effectiveness of the proposed methodology in the real-time water and waste load allocation and simultaneous trading of permits. Copyright © 2018 Elsevier Ltd. All rights reserved.

  1. US Clean Development Mechanism: benefits of the CDM for developing countries

    Energy Technology Data Exchange (ETDEWEB)

    Pearce, D.; Day, B.; Newcombe, J.; Brunello, T.; Bello, T.

    1998-11-01

    The Kyoto Protocol to the Framework Convention on Climate Change enables countries with mandatory greenhouse gas reduction commitments to offset some of their domestic emissions by reductions in emissions and enhancement of carbon sinks in other countries. One of three types of offsets in the Protocol is the Clean Development Mechanism, a form of joint implementation between Annex 1 and non-Annex 1 countries which stresses the development gains to developing countries (Article 12). This report focuses on the provision of Article 12 and aims to establish a framework for determining the net benefits of such offsets or trades to developing countries. It looks at some estimates of the likely size of the CDM market, addresses the issue of risks, and takes a brief look at the issue of sharing credits between hosts and investors. It addresses how CDM projects might be screened for their contribution to sustainable development in developing countries and introduces the framework for assessing that contribution and then applies that framework to evaluate different types of potential CDM projects (in the energy, transport, forests and agricultural sectors). 63 refs., 8 figs., 387 tabs., 7 apps.

  2. Stakeholder participation in CDM and new climate mitigation mechanisms: China CDM case study

    DEFF Research Database (Denmark)

    Dong, Yan; Olsen, Karen Holm

    2017-01-01

    exists on how LSC is practised, and synergies between climate mechanisms are largely unexplored. This study explores how international LSC rules are practised at national and local levels. It aims to better shape future LSC in climate mechanisms by learning from the case of China. First, LSC policies...... in CDM, REDD +, and GCF are identified. Relevant rules in China’s local policies are analysed. To understand the interaction between CDM policies and China’s local LSC rules, a selection of Chinese CDM Projects Design Documents (PDDs) are analysed, providing an overall impression of the stakeholder...

  3. Developed feedback from the Swedish CDM and JI program; Utvecklad aaterrapportering fraan det svenska CDM- och JI-programmet

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-11-01

    The Swedish Energy Agency is responsible for the Swedish government program for the Clean Development Mechanism (CDM) and Joint Implementation (JI). CDM and JI is the Kyoto Protocol's two project-based flexible mechanisms. This program focuses on participation in individual CDM- and JI-projects and on participation in multilateral CDM- and JI- funds. In the report the Swedish Energy Agency, on behalf of the Government, presents a proposal for developed reporting for the CDM- and JI-program. Furthermore, issues related to how CDM and JI can assist in meeting the Swedish climate objective by 2020 are discussed. Also, the role for potential new flexible mechanisms under UN Climate Convention is mentioned.

  4. Can CDM bring technology transfer to China?-An empirical study of technology transfer in China's CDM projects

    International Nuclear Information System (INIS)

    Wang Bo

    2010-01-01

    China has undertaken the greatest number of projects and reported the largest emission reductions on the global clean development mechanism (CDM) market. As technology transfer (TT) was designed to play a key role for Annex II countries in achieving greenhouse gas emission reductions, this study examines various factors that have affected CDM and TT in China. The proportion of total income derived from the certified emissions reductions (CER) plays a key role in the project owners' decision to adopt foreign technology. Incompatibility of CDM procedures with Chinese domestic procedures, technology diffusion (TD) effects, Chinese government policy and the role of carbon traders and CDM project consultants all contribute to the different degrees and forms of TT. International carbon traders and CDM consultants could play a larger role in TT in China's CDM projects as investors and brokers in the future.

  5. On the use of exchange rates as trading rules in a bilateral system of transferable discharge permits

    International Nuclear Information System (INIS)

    Rodriguez, F.

    2000-01-01

    The use of a system of transferable discharge permits to control the harmful effects of non-uniformly mixed pollutants requires the application of trading rules in order to prevent permit trading among sources from violating environmental standards. The elements and properties of bilateral trading rules can be analyzed more easily once formulated as exchange rates, which would convert, in a cost-effective way, the emission right potentially given up by the seller into an offsetting emission right acquired by the buyer. In this article, a new expression for such exchange rates is proposed and then analyzed to infer some unexplored properties of the system. 8 refs

  6. Host country attractiveness for CDM non-sink projects

    International Nuclear Information System (INIS)

    Jung, Martina

    2006-01-01

    In the present study, CDM host countries are classified according to their attractiveness for CDM non-sink projects by using cluster analysis. The attractiveness of host countries for CDM non-sink projects is described by three indicators: mitigation potential, institutional CDM capacity and general investment climate. The results suggest that only a small proportion of potential host countries will attract most of the CDM investment. The CDM (non-sink) stars are China, India, Brazil, Argentina, Mexico, South Africa, Indonesia and Thailand. They are followed by attractive countries like Costa Rica, Trinidad and Tobago, Mongolia, Panama, and Chile. While most of the promising CDM host countries are located in Latin America and Asia, the general attractiveness of African host countries is relatively low (with the exception of South Africa). Policy implications of this rather inequitable geographical distribution of CDM project activities are discussed briefly

  7. Stakeholder preferences towards the sustainable development of CDM projects: Lessons from biomass (rice husk) CDM project in Thailand

    International Nuclear Information System (INIS)

    Parnphumeesup, Piya; Kerr, Sandy A.

    2011-01-01

    This research applies both quantitative and qualitative methods to investigate stakeholder preferences towards sustainable development (SD) priorities in Clean Development Mechanism (CDM) projects. The CDM's contribution to SD is explored in the context of a biomass (rice husk) case study conducted in Thailand. Quantitative analysis ranks increasing the usage of renewable energy as the highest priority, followed by employment and technology transfer. Air pollution (dust) is ranked as the most important problem. Preference weights expressed by experts and local resident are statistically different in the cases of: employment generation; emission reductions; dust; waste disposal; and noise. Qualitative results, suggest that rice husk CDM projects contribute significantly to SD in terms of employment generation, an increase in usage of renewable energy, and transfer of knowledge. However, rice husk biomass projects create a potential negative impact on air quality. In order to ensure the environmental sustainability of CDM projects, stakeholders suggest that Thailand should cancel an Environmental Impact Assessment (EIA) exemption for CDM projects with an installed capacity below 10 MW and apply it to all CDM projects. - Highlights: → Stakeholders rank increasing the usage of renewable energy as the highest priority. → Biomass (rice husk) CDM projects create a potential negative impact on air quality. → Rice husk CDM projects cannot give an extra income to farmers. → Preference weights expressed by experts and local residents are statistically different.

  8. Intra- and Extra-Union Flexibility in Meeting the European Union's Emission Reduction Targets

    OpenAIRE

    Tol, Richard S. J.

    2009-01-01

    The EU has proposed four flexibility mechanisms for the regulation of greenhouse gas emissions in the period 2013-2020: (1) the Emissions Trade Scheme (ETS), a permit market between selected companies; (2) trade in non-ETS allotments between Member States; (3) the Clean Development Mechanism (CDM) to purchase offsets in developing countries; and (4) trade in CDM warrants between Member States. This paper shows that aggregate abatement costs fall as flexibility increases. However, limited flex...

  9. CDM. Information and guidebook - Developed for the UNEP project 'CD4CDM'[Clean development nedianism

    Energy Technology Data Exchange (ETDEWEB)

    Lee, M.K. (ed.)

    2003-12-01

    Since the Clean Development Mechanism (CDM) was defined at Conference of the Parties 3 in Kyoto 1997, it took the international community another 4 years to reach the Marrakesh Accords in which the modalities and procedures to implement the CDM was elaborated. Even if more detailed rules, procedures and modalities have to be further developed a general framework to implement the CDM and other Kyoto mechanisms are now in place. This guidebook is produced to support the UNEP project 'Capacity Development for the Clean Development Mechanism'. Focus is on the CDM project cycle, the Project Design Document (PDD), and related issues such as sustainable development goals, financing and market intelligence. The appendices present frequently asked questions and answers, a short overview of existing guidelines and a possible future list of eligible CDM projects categories. (BA)

  10. Energy efficiency and CDM (Clean Development Mechanism): an attractive combination?; Eficiencia energetica e MDL (Mecanismo de Desenvolvimento Limpo): uma combinacao atrativa?

    Energy Technology Data Exchange (ETDEWEB)

    Aragao Neto, Raymundo Moniz de; Silva, Pedro Paulo [Programa GERBI - Reducao da Emissao de Gases Causadores do Efeito Estufa na Industria Brasileira, CE (Brazil); Almeida, Jose Ricardo Uchoa Cavalcanti [PETROBRAS S.A., Pojuca, BA (Brazil). Unidade de Negocios de Gas Natural (UNGN)

    2004-07-01

    The agreements that defined associated practices to the CDM (Clean Development Mechanism) include energy efficiency in end users as a possible candidate to CDM eligibility. Worldwide, the experience of using 'carbon credits' resulted from reduced emissions in end users, as consequence of increased energy efficiency in processes, is limited. The paper presents preliminary conclusions of case studies developed by GERBI, evaluating the emissions reduction potential achieved by energy efficiency improvements in industrial processes, as well as financial impacts due to emissions reduction certificates traded. The paper considers a simplified methodology for feasibility analysis, but with necessary information to demonstrate how CDM and Energy Efficiency combination can support the decision for project implementation. (author)

  11. A viable CDM model for solar water heaters; CDM-Clean Development Mechanism

    Energy Technology Data Exchange (ETDEWEB)

    2008-09-15

    It is a well known fact that solar water Heaters (SWH) replace fossil fuels and they do not represent business as usual scenario. Therefore use of this appliance can qualify to be considered as Clean Development Mechanism (CDM) project. However a single solar water heater is a very small unit to be able to generate sufficient Certified Emission Reductions (CERs) to pursue it as a CDM project. Even if the project is considered at the level of local venders or at the level of a company engaged in manufacturing SWH, the CERs still remain very small. The study examines the size of the project from the perspective of its viability as a CDM project and also explores other related issues such as additionality requirement, selection of methodology, baseline calculations, approach for stakeholders' comments, potential bundlers, monitoring and verification, and required policy interventions. Bank of Maharashtra (BOM), a commercial bank in India engaged in financing Solar Water Heaters (SWH), was considered as the base for the study. The CERs were calculated considering Electricity and LPG as the baseline. For the purpose of sensitivity analysis, various price bands for CERs (between US$ 15-25/CER) were considered. The analysis was carried out with bundling of SWH at BOM level, and at the Association of Banks (AOB) / Ministry level (in which case SWH financed by several banks are bundled). Recently approved Programme of Activities (PoA) approach was also considered in the analysis. The analysis clearly indicated that: 1) The CDM project with bundling at an individual bank level with about 8600 installations, though cash surplus, would generate the cash just to meet its own sustainability. But it is a very small project. 2) Bundling of installations by various banks, through an entity such as Association of Banks, would be a viable and sustainable CDM project due to benefits arising out of scale of economy. 3) The profitability of the CDM project would improve further if

  12. Climate Change Policy Measures in Japan: NEDO's Activities to Promote CDM/JI

    International Nuclear Information System (INIS)

    Fukasawa, Kazunori; Seki, Kazuhiko; Sakurai, Takeshi

    2004-01-01

    The Kyoto Protocol, which obliges developed countries to reduce emissions of greenhouse gases (GHG), was adopted at the third session of the conference of the parties to the United Nations Framework Convention on Climate Change (UNFCCC) in Kyoto, Japan, on I I December 1997. Japan subsequently ratified the Kyoto Protocol in 2002 and is required thereunder to reduce GHG emissions by 6% below 1990 levels by 2008-2012. Japan, having already tackled development and promotion of energy conservation technologies after the second oil crisis, emits the lowest level of CO 2 of developed countries approximately 9.4 tons per capita in the year 2000. Consequently, Japan is able to contribute to CO 2 emissions reduction in developing economies as well as in economies in transition by application of Japan's energy conservation technologies. Because the Clean Development Mechanism (CDM) and Joint implementation (JI) of the Kyoto Mechanisms are efficient tools, the Japanese government's policy towards emission reduction makes active use of CDM/JI, thereby supporting domestic efforts in realizing Japan's reduction commitment. The Ministry of Economy, Trade and Industry (METI) of Japan is one of the key ministries to administer Governmental policy making on climate change, and is undertaking establishment of a system to facilitate the Kyoto Mechanisms. The New Energy and Industrial Technology Development Organization (NEDO), under the jurisdiction of METI, supports CDM and JI project activities implemented by Japanese private sector enterprises. In this report, the authors briefly introduce climate change policy measures in Japan and NEDO's activities to promote CDM/Jl. (Author)

  13. Integrating ecological restoration into CDM forestry projects

    International Nuclear Information System (INIS)

    Ma, Maohua; Haapanen, Toni; Singh, Ram Babu; Hietala, Reija

    2014-01-01

    Highlights: • Concerns and issues in sustainability of CDM forestry projects are reviewed. • Ecological restoration is suggested to be integrated in the CDM framework. • As an ecosystem supporting service, soil restoration on degraded land is of primary importance. • Regenerating forests naturally rather than through monoculture plantations is suggested. • Potential social impacts of ecological restoration are discussed. - Abstract: The Clean Development Mechanism (CDM) is proposed to reduce greenhouse gas emissions and promote sustainable development. CDM forestry projects should contribute to mitigation of climate change through afforestation and reforestation (A/R) activities on degraded land in developing countries. However, like other types of CDM projects, the forestry projects have encountered a number of concerns and critiques. Appropriate approaches and concrete aims to achieve long-term sustainability have been lacking, and reforms have therefore been called for. The aims of this paper are to examine the published information relevant to these concerns, and frame appropriate approaches for a more sustainable CDM. In this review, as a first step to tackle some of these issues, ecological restoration is suggested for integration into the CDM framework. Essentially, this involves the restoration of ecosystem supporting service (soil restoration), upon which forests regenerate naturally rather than establishing monoculture plantations. In this way, forestry projects would bring cost-effective opportunities for multiple ecosystem services. Potential approaches, necessary additions to the monitoring plans, and social impacts of ecological restoration in CDM projects are discussed

  14. CDM: Taking stock and looking forward

    International Nuclear Information System (INIS)

    Ellis, Jane; Winkler, Harald; Corfee-Morlot, Jan; Gagnon-Lebrun, Frederic

    2007-01-01

    The Kyoto Protocol's clean development mechanism (CDM) was established in 1997 with the dual purposes of assisting non-Annex I Parties in achieving sustainable development and assisting Annex I Parties in achieving compliance with their quantified greenhouse gas (GHG) emission commitments. This paper looks at the development of the CDM portfolio as well as achievements of the CDM to date in the context of wider private and public flows of investment into developing countries. These achievements include the development of 325 (by May 2005) proposed CDM projects which are together expected to generate more than 79 Mt CO 2 -eq credits/year during 2008-2012, increasing awareness of climate change mitigation options among possible investors and others that may facilitate transactions (i.e. governments), and the strengthening of climate-relevant institutions within countries. The paper also draws lessons from this experience to date, and outlines what changes may be needed to transform the CDM concept to a broader scale after the end of the first commitment period in 2012

  15. Can the Clean Development Mechanism (CDM) deliver?

    International Nuclear Information System (INIS)

    Subbarao, Srikanth; Lloyd, Bob

    2011-01-01

    The paper investigates whether the Clean Development Mechanism (CDM) under the Kyoto Protocol has played a significant role in the development of rural communities, specifically investigating uptake of small-scale renewable energy projects. The investigation involved an assessment of 500 registered small-scale CDM projects under the Kyoto Protocol in terms of their potential impact on the envisaged sustainable development goals for rural communities. Five case studies from the Indian subcontinent were also examined. The paper concludes that the CDM in its current state and design has typically failed to deliver the promised benefits with regard to development objectives in rural areas. Successful projects were found to have had good community involvement and such projects were typically managed by cooperative ventures rather than money making corporations. The paper puts forward a new framework for the assessment of such benefits in the hope that future projects can be better assessed in this regard. The key problem, however, remains on how to deal with the inherent contradiction between development and sustainability. - Research Highlights: → Role of CDM towards sustainable development of rural communities. → Assessment of 500 registered small-scale CDM projects. → CDM in its current state and design has typically failed to deliver. → A new framework for sustainable development assessment of small-scale CDM projects. → Inherent contradiction between development and sustainability.

  16. Analysis of CDM projects’ potential benefits

    Directory of Open Access Journals (Sweden)

    José Affonso dos Reis Junior

    2015-11-01

    Full Text Available Objective – The main goal of this study is to identify and assess, within sustainability reports, information concerning potential carbon credits obtained through projects carried out under Clean Development Mechanism (CDM assumptions, as well as to assess CDM project experts’ perceptions of obstacles to entering carbon credit markets. Design/methodology/approach – exploratory, descriptive, bibliographical and documental research, and interviews. Theoretical basis - Research was based on the concepts of sustainability, especially as to environmental responsibility (CSR; cost-benefit analysis was also considered, since selling carbon credits can be a way of mitigating the trade off between immediate shareholder satisfaction and investment in CSR. Findings – The perceptions of representatives from carbon credit projects’ certifying companies was examined by means of a series of interviews – concluding that savings in costs, business marketing and certifications are even greater motivators than carbon credits themselves. We estimated that, through energy efficiency, the projects discussed in 2011 sustainability reports would be capable of saving approximately 538 million reais in costs. In addition, 40 million reais, considering the rate of the euro and of securities on December 31, 2014, would be gained through the sale of carbon credits. Practical implications – Thus, this research helps to demonstrate the significant potential for further financial gains that companies may obtain through energy efficiency and habitat restructuring, whether by taking advantage of CO2 reduction brought about by such projects, or by developing new projects that continue to benefit economy, society and the environment.

  17. The Clean Development Mechanism: benefits of the CDM for developing countries. Executive summary

    Energy Technology Data Exchange (ETDEWEB)

    Pearce, D.; Day, B.; Newcombe, J.; Brunello, T.; Bello, T.

    1998-11-01

    This report is a summarized version of a 169 page report under the same title and authorship. The Kyoto Protocol to the Framework Convention on Climate Change enables countries with mandatory greenhouse gas reduction commitments to offset some of their domestic emissions by reductions in emissions and enhancement of carbon sinks in other countries. One of three types of offsets in the Protocol is the Clean Development Mechanism, a form of joint implementation between Annex 1 and non-Annex 1 countries which stresses the development gains to developing countries (Article 12). This report focuses on the provision of Article 12 and aims to establish a framework for determining the net benefits of such offsets or trades to developing countries. It looks at some estimates of the likely size of the CDM market, addresses the issue of risks, and takes a brief look at the issue of sharing credits between hosts and investors. It addresses how CDM projects might be screened for their contribution to sustainable development in developing countries and introduces the framework for assessing that contribution and then applies that framework to evaluate different types of potential CDM projects (in the energy, transport, forests and agricultural sectors). 10 tabs.

  18. Potential impacts of CCS on the CDM

    International Nuclear Information System (INIS)

    Bakker, S; Mikunda, T.; Rivera Tinoco, R.

    2011-02-01

    CO2 capture and storage can ensure that stringent climate change mitigation targets are achieved more cost-effectively. However, in order to ensure a substantial role for CCS, deployment of CCS is required on a significant global scale by 2020. Currently, the CDM is the only international instrument that could provide a financial incentive for CCS in developing countries. In December 2010 it was decided that CCS could in principle be eligible under the CDM, provided a number of issues are resolved, including non-permanence, liability, monitoring and potential perverse outcomes. The latter issue relates to the concern that that CCS projects could flood the CDM market, thereby crowding out other technologies that could be considered more sustainable. This report, therefore, aims to quantify the possible impact of CCS on the CDM market, in order to assess the relevance of the CDM market objection. However, the analysis in the report is also valid for the role of CCS in other types of international support mechanisms. The first result of this study is a marginal abatement cost curve (MAC) for CCS in developing countries for 2020. Based on existing MAC studies, the IEA CCS Roadmap and an overview of ongoing and planned CCS activities, we compiled three scenarios for CCS in the power, industry and upstream sector, as shown below. The major part of the potential below $30/tCO2eq (70 - 100 MtCO2/yr) is in the natural gas processing sector. Using the MACs for the CDM market, we estimate the economic potential for CCS projects to be 4-19% of the CDM credit supply in 2020. The potential impact inclusion of CCS in the CDM may have is assessed by using several possible CER supply and demand scenarios, as well as scenarios related to market price responsiveness and the role of CDM in the post-2012 carbon market. The impact is estimated to be between $0 and $4 per tonne of CO2-eq, with three out of four scenarios indicating the lower part of this range.

  19. Potential of CDM in renewable projects in Malaysia

    International Nuclear Information System (INIS)

    Kannan, K.S.

    2006-01-01

    The Clean Development Mechanism (CDM) is a market-based tool introduced under the Kyoto Protocol to assist developing countries achieve their sustainable development objectives and at the same time provide opportunities for developed countries to meet their greenhouse gas targets cost-effectively. Projects based on renewable sources are eligible under the CDM. Such projects are also in line with the development of the fifth fuel option in Malaysia. The paper assesses the potential of CDM in renewable energy projects in particular the grid-connected biomass power projects under the Small Renewable Energy Power (SREP) Programme. The criteria (both national and international) that have to be met for the renewable energy projects to obtain approval as a CDM projects is outlined. The additional CDM activities are elaborated. The methodology for the determination of reduction in carbon dioxide emissions is provided. The paper further investigates the impact of CDM in the promotion of renewable energy projects in Malaysia

  20. Guidance to regulations on trade with emission permits for carbon dioxide; Vaegledning till lagstiftning om handel med utslaeppsraetter foer koldioxid

    Energy Technology Data Exchange (ETDEWEB)

    2008-07-15

    This guidance is intended to facilitate application of the rules on emissions trading. The guidance is principally concerned with issues relating to permit appraisal and monitoring, but also discusses some terms common to permits and allocations, such as installation and operator. The guidance follows the same structure as the Swedish Environmental Protection Agency regulations (NFS 2007:5) in order to provide direct support for the rules. The focus is on providing a general description of the responsibilities of the operator and application of the rules. In addition, some difficult terms and relationships are explained. However, no exhaustive description of the operator's responsibilities is given, nor are the rules on verification described. We therefore recommend that the guidance should be read in conjunction with the Trading Act, the Trading Ordinance and the Swedish Environmental Protection Agency regulations. The first chapter presents a brief description of the purpose of the trading scheme, and is followed by a chapter in which the rules on applying for permits and the application procedure are reviewed. The next chapter gives a description of how the operator should monitor emissions and how the rules for the monitoring plan work, as well as the options that exist for simplified monitoring. The next chapter looks at notifications the operator might have to make and what they should contain. Guidance is also provided on how the county administrative board should process these notifications. The conditions of the permit decision are also briefly described. This is followed by a short chapter on the emissions report and the materiality threshold. The final chapter comments on certain parts of the annexes to the regulations. The EU Emissions Trading Directive has been implemented in Sweden through the Emissions Trading Act (2004:1199) (the Trading Act), the Emissions Trading Ordinance (2004:1205), the Swedish Environmental Protection Agency regulations

  1. Greenhouse gas trading

    Energy Technology Data Exchange (ETDEWEB)

    Drazilov, P. [Natsource-Tullett Emissions Brokerage, Toronto, ON (Canada)

    2001-07-01

    Natsource-Tullett Emissions Brokerage is a market leader in natural gas, electricity, coal, and weather, emissions with a total of more than $2 billion by volume in emissions transactions in the United States, Canada, Australia, Japan, and Europe. This power point presentation addressed issues dealing with global warming, the Kyoto Protocol, and explained where we are in terms of reaching commitments for the first compliance period between 2008-2012. The paper focused on international emissions trading (IET), joint implementation (JI) and the clean development mechanism (CDM) and explained how greenhouse gases are traded. Emissions trading refers to the trade of carbon dioxide, methane, nitrous oxides, perfluoro-carbons, hydrofluorocarbons, and sulphur hexafluorides. The motivational drivers for trading were outlined in terms of liability for buyers and assets for sellers. To date, trading activity is nearly 120 transactions with nearly 70 million tons of carbon dioxide equivalent. tabs., figs.

  2. Emissions trading and transaction costs : analyzing the flaws in the discussion

    NARCIS (Netherlands)

    Woerdman, E.

    Although emissions trading lowers the costs of climate change mitigation, transaction costs (e.g. to find a trading partner) may reduce its cost-effectiveness. Some economists claim that transaction costs for Joint Implementation (JI) and Clean Development Mechanism (CDM) projects will be higher

  3. Employment impacts of CDM projects in China's power sector

    International Nuclear Information System (INIS)

    Wang, Can; Zhang, Weishi; Cai, Wenjia; Xie, Xi

    2013-01-01

    There are continuous debates around the question of whether CDM really contributes to sustainable development (SD) in host countries. Employment impact is an essential indicator of SD. Based on an input-out approach this research builds a quantitative assessment model to evaluate the employment impacts of CDM. Both direct and indirect jobs creation and job losses of CDM projects in the power sector registered by the end of 2011 are calculated by project types and power grids where the project is located. Results of this study show that, although the above mentioned CDM projects causes about 99,000 net direct job losses, they also create about 3.08 million indirect jobs, resulting in the gross employment of CDM to be about 2.98 million. Thereof, hydro projects induce both direct and indirect job losses, which comes to approximately 0.89 million. Solar projects have the most potential since they own the highest indirect jobs created by one GWh generation, about 104 jobs/GWh. - Highlights: • An input–output model was built for assessment of CDM projects' employment impact; • CDM projects create direct and indirect jobs while cause some losses in short. • Significant indirect job gains of CDM projects were found; • Solar projects cause 104 jobs/GWh in average, ranking as the highest contributor

  4. Linking project-based mechanisms with domestic greenhouse gas emissions trading schemes

    International Nuclear Information System (INIS)

    Bygrave, S.; Bosi, M.

    2004-01-01

    Although there are a number of possible links between emission trading and project-based mechanisms, the focus of this paper is on linking domestic GHG emission trading schemes with: (1) domestic; and, (2) international (JI and CDM) GHG reduction project activities. The objective is to examine some of the challenges in linking DETs and project-based mechanisms, as well as some possible solutions to address these challenges. The link between JI / CDM and intergovernmental international emissions trading (i.e. Article 17 of the Kyoto Protocol) is defined by the Kyoto Protocol, and therefore is not covered in this paper. The paper is written in the context of: (a) countries adhering to the Kyoto Protocol and elaborating their strategies to meet their GHG emission commitments, including through the use of the emissions trading and project-based mechanisms. For example, the European Union (EU) will be commencing a GHG Emissions Trading Scheme in January 2005, and recently, the Council of ministers and the European Parliament agreed on a text for an EU Linking Directive allowing the use of JI and CDM emission units in the EU Emission Trading Scheme (EU-ETS); and (b) all countries (and/or regions within countries) with GHG emission obligations that may choose to use domestic emissions trading and project-based mechanisms to meet their GHG commitments. The paper includes the following elements: (1) an overview of the different flexibility mechanisms (i.e. GHG emissions trading and PBMs), including a brief description and comparisons between the mechanisms (Section 3); (2) an exploration of the issues that emerge when project-based mechanisms link with domestic emissions trading schemes, as well as possible solutions to address some of the challenges raised (Section 4); (3) a case study examining the EU-ETS and the EU Linking Directive on project-based mechanisms, in particular on how the EU is addressing in a practical context relevant linking issues (Section 5); (4) a

  5. Understanding the CDM's contribution to technology transfer

    International Nuclear Information System (INIS)

    Schneider, Malte; Holzer, Andreas; Hoffmann, Volker H.

    2008-01-01

    Developing countries are increasingly contributing to global greenhouse gas emissions and, consequently, climate change as a result of their rapid economic growth. In order to reduce their impact, the private sector needs to be engaged in the transfer of low-carbon technology to those countries. The Clean Development Mechanism (CDM) is currently the only market mechanism aimed at triggering changes in the pattern of emissions-intensive activities in developing countries and is likely to play a role in future negotiations. In this paper, we analyse how the CDM contributes to technology transfer. We first develop a framework from the literature that delineates the main factors which characterise technology transfer. Second, we apply this framework to the CDM by assessing existing empirical studies and drawing on additional expert interviews. We find that the CDM does contribute to technology transfer by lowering several technology-transfer barriers and by raising the transfer quality. On the basis of this analysis, we give preliminary policy recommendations

  6. Dynamic CDM strategies in an EHR environment.

    Science.gov (United States)

    Bieker, Michael; Bailey, Spencer

    2012-02-01

    A dynamic charge description master (CDM) integrates information from clinical ancillary systems into the charge-capture process, so an organization can reduce its reliance on the patient accounting system as the sole source of billing information. By leveraging the information from electronic ancillary systems, providers can eliminate the need for paper charge-capture forms and see increased accuracy and efficiency in the maintenance of billing information. Before embarking on a dynamic CDM strategy, organizations should first determine their goals for implementing an EHR system, include revenue cycle leaders on the EHR implementation team, and carefully weigh the pros and cons of CDM design decisions.

  7. Intra- and extra-union flexibility in meeting the European union's emission reduction targets

    NARCIS (Netherlands)

    Tol, R.S.J.

    2009-01-01

    The EU has proposed four flexibility mechanisms for the regulation of greenhouse gas emissions in the period 2013-2020: (1) the Emissions Trade Scheme (ETS), a permit market between selected companies; (2) trade in non-ETS allotments between Member States; (3) the Clean Development Mechanism (CDM)

  8. Issues related to a programme of activities under the CDM

    Energy Technology Data Exchange (ETDEWEB)

    Ellis, J.

    2006-05-15

    Emissions of CO2 from the energy and land-use change and forestry sectors are responsible for the majority of emissions in non-Annex I Parties to the UNFCCC. Tackling greenhouse gas (GHG) emissions from these sectors is a key to slowing the growth in GHG emissions in non-Annex I countries. Implementing Clean Development Mechanism (CDM) projects can help achieve this aim, while also assisting non-Annex I countries to move towards sustainable development and Annex I countries achieve their emission commitments under the Kyoto Protocol. There has been rapid progress in the CDM over the last year - in terms of the number of projects in the pipeline and registered, and in terms of credits issued. However, some important sectors are notable by their small share in the CDM portfolio. Several countries have also called attention to the need to accelerate the process of approving CDM methodologies and projects. In order to improve the effectiveness of the CDM to achieve its dual objectives, the COP/MOP agreed a decision on 'further guidance relating to the clean development mechanism. This decision lays out guidance on how to improve the operation of the CDM, and includes provisions that allow: (1) Bundling of project activities; and (2) Project activities under a programme of activities, to be registered as a CDM project activity. At present, of the 172 currently registered CDM project activities, 27 involve programmes or bundles. These project activities can include more than one project type, be implemented in several locations, and/or occur in more than one sector. This paper assesses how project activities under a programme of activities under the CDM (referred to here as PCDM) could help to increase the effectiveness of the CDM by encouraging a wide spread of emission mitigation activities. This paper also explores the key issues that may need to be considered for the PCDM concept to be further implemented. The paper concludes that: (1) Key concepts and issues

  9. Sustaining the emerging carbon trading industry development: A business ecosystem approach of carbon traders

    International Nuclear Information System (INIS)

    Hu, Guangyu; Rong, Ke; Shi, Yongjiang; Yu, Jing

    2014-01-01

    This paper explores how carbon traders nurture the business ecosystem to sustain the emerging carbon trading industry development. We collected primary data from a multinational carbon trader and its ecosystem partners in China, through the construction of interviews and documentary. The research findings show the carbon trading industry has experienced four-stage evolution with different driving forces; the carbon trader attracted and organized ecosystem partners to facilitate the CDM project owners to create carbon credits and trade them; a systematic business ecosystems approach through the lens of Context, Cooperation and Configuration, initiated by carbon traders, has facilitated the industry development. Our findings also implicate to industrial practitioners and policymakers for sustaining the emerging industry development at both the current- and the post-Kyoto protocol periods. - Highlights: • The carbon trader is a catalyst to link CDM project owner and trading market in China • The evolution of carbon trading industry has four stages with various driving forces. • Nurturing business ecosystems facilitates the carbon trading industry development. • The ecosystem approach works via the lens of Context, Configuration and Cooperation. • The ecosystem approach implicates to carbon trading industry at the post-Kyoto era

  10. A Guide to Bundling Small-scale CDM Projects

    International Nuclear Information System (INIS)

    Mariyappan, J.; Bhardwaj, N.; De Coninck, H.; Van der Linden, N.

    2005-07-01

    Small-scale renewable energy and energy efficiency projects that fit the development needs of many developing countries, can potentially be supported via the Clean Development Mechanism (CDM), one of the Kyoto Protocol's flexible mechanisms for tackling climate change. However, there is concern that due to high transaction costs, as well as many existing barriers, very few investments will be made in small-scale projects, which are often the most suitable development option in countries such as India. In view of this, the 'bundling' together of appropriate small-scale projects on a regional basis has been proposed as a way in which funding can be leveraged from international sources and transaction costs reduced. IT Power, IT Power India and the Energy research Centre of the Netherlands (ECN) are carrying out a 2-year project to establish the capacity within India to enable individual small scale projects to be bundled as a single CDM project. Overall objectives are to develop the necessary institutional capabilities to formulate and implement small scale CDM projects in India; to provide a guide on how to bundle small scale projects under the CDM in developing countries; and to raise the awareness of the potential for investment in small scale energy projects which can gain funding through the CDM

  11. Improving the attractiveness of CDM projects through allowing and incorporating options

    International Nuclear Information System (INIS)

    Carmichael, David G.; Ballouz, Joseph J.; Balatbat, Maria C.A.

    2015-01-01

    The paper puts forward a proposal that, within Clean Development Mechanism (CDM) projects, investors be allowed to benefit from options; this will require a CDM rule change. Through the presence of options, the downside risk resulting from low carbon prices and/or low achieved emission reductions on projects can be limited, while any upside resulting from high carbon prices and/or high achieved emission reductions can be taken advantage of. It is demonstrated that the presence of options improves the financial attractiveness of CDM projects, and this is at no detriment to any stakeholder. The flow-on from the proposal is that more CDM projects should be realisable if options are available, and this in turn will lead to reduced global emissions and improved sustainability. The proposal is supported by the necessary theory and is demonstrated on two registered CDM projects, one on hydropower and one on wind power. - Highlights: • The paper proposes that options be allowed within CDM projects. • Introducing options will require a CDM rule change. • Options improve the financial attractiveness of CDM projects. • Allowing options comes at no cost or detriment to any party. • Allowing options is a win–win situation to both society and the project proponent.

  12. Moving from the CDM to 'various approaches'

    International Nuclear Information System (INIS)

    Shishlov, Igor; Bellassen, Valentin

    2014-03-01

    The Clean Development Mechanism (CDM) facilitated the emergence and deployment of low-cost greenhouse gas (GHG) abatement technologies such as destruction of industrial gases and capturing methane from landfills and coal mines. Some of these technologies are now ripe to 'graduate' from the CDM into other, more mainstream, economic tools. The first such step was taken in September 2013 when the G20 leaders agreed to phase out HFCs - highly potent greenhouse gases - including HFC-23 that was the focus of 19 CDM projects. A potential HFC-23 abatement fund under the Montreal Protocol could reduce up to 1.8 Gt CO 2 e by 2020 at a cost of under US$0.2 per ton of CO 2 e, i.e. much cheaper than the price paid to CDM projects through carbon crediting. The next potential candidate technology to 'graduate' from the CDM is the abatement of nitrous oxide (N 2 O) emissions in the chemical industry, which have already been placed on the agenda of the Montreal Protocol. (authors)

  13. Soil carbon sequestration and the CDM. Opportunities and challenges for Africa

    Energy Technology Data Exchange (ETDEWEB)

    Ringius, Lasse

    1999-12-17

    The agriculture sector dominates the economies of most sub-Saharan countries, contributing about one-third of the region's GDP, accounting for forty percent of the export, and employing about two-thirds of the economically active population. Moreover, some soils in sub-Saharan Africa could, by providing sinks for carbon sequestration, play an important role in managing global climate change. Improvements in agricultural techniques and land use practices could lead to higher agricultural productivity and accumulate soil carbon. Hence, soil carbon sequestration could produce local economic income as well as social and other benefits in Africa. The Clean Development Mechanism (CDM) established in the 1997 Kyoto Protocol is designed to give developed countries with high domestic abatement cost access to low-cost greenhouse gas abatement projects in developing countries, and to benefit developing countries selling projects to investors in developed countries. It is presently unclear whether the CDM will provide credit for sink enhancement and permit broader sink activities. Unfortunately, few cost estimates of soil carbon sequestration strategies presently exist. While these costs are uncertain and all input costs have not been estimated, manure-based projects in small-holdings in Kenya could increase maize yield significantly and sequester one ton of soil carbon for a net cost of -US$806. Clearly, such projects would be very attractive economically. There is presently an urgent need to launch useful long-term (>10 years) field experiments and demonstration projects in Africa. Existing data are not readily comparable, it is uncertain how large amount of carbon could be sequestered, findings are site-specific, and it is unclear how well the sites represent wider areas. To develop CDM projects, it is important that experimental trials generate reliable and comparable data. Finally, it will be important to estimate local environmental effects and economic benefits

  14. Moral concerns on tradable pollution permits in international environmental agreements

    Energy Technology Data Exchange (ETDEWEB)

    Eyckmans, Johan [Hogeschool-Universiteit Brussel - HUB, Stormstraat 2, B-1000 Brussels (Belgium); Katholieke Universiteit Leuven, Centrum voor Economische Studien Naamsestraat 69, 3000 Leuven (Belgium); Kverndokk, Snorre [Ragnar Frisch Centre for Economic Research, Gaustadalleen 21, 0349 Oslo (Norway)

    2010-07-15

    We investigate how moral concerns about permit trading affect an endogenous pollution permit trading equilibrium, where governments choose non-cooperatively the amount of permits they allocate to domestic industries. Politicians may feel reluctant to allow permit trading and/or may prefer that abatement is undertaken domestically because of moral concerns. This will have an effect on the initial permit allocations, and, therefore, on global emissions. The impact on global emissions depends on the precise formulation of the moral concerns, but under reasonable assumptions, we show that global emissions may increase. Thus, doing what is perceived as good does not always yield the desired outcome. However, this can be offset by restrictions on permit trading when governments have moral concerns about this trade. (author)

  15. Moral concerns on tradable pollution permits in international environmental agreements

    International Nuclear Information System (INIS)

    Eyckmans, Johan; Kverndokk, Snorre

    2010-01-01

    We investigate how moral concerns about permit trading affect an endogenous pollution permit trading equilibrium, where governments choose non-cooperatively the amount of permits they allocate to domestic industries. Politicians may feel reluctant to allow permit trading and/or may prefer that abatement is undertaken domestically because of moral concerns. This will have an effect on the initial permit allocations, and, therefore, on global emissions. The impact on global emissions depends on the precise formulation of the moral concerns, but under reasonable assumptions, we show that global emissions may increase. Thus, doing what is perceived as good does not always yield the desired outcome. However, this can be offset by restrictions on permit trading when governments have moral concerns about this trade. (author)

  16. Nuclear power for greenhouse gas mitigation under the Kyoto protocol: The Clean Development Mechanism (CDM)

    International Nuclear Information System (INIS)

    Rogner, H.-H.

    2000-01-01

    At the 43rd regular session of the IAEA General Conference, Member States requested the IAEA to help countries in assessing nuclear power's role in light of global environmental challenges and energy needs. Such assistance should include support for implementing national case studies, and facilitating access to relevant information about nuclear power's role in achieving sustainable development in developing countries and in mitigating GHG emissions. The dissemination of information on CDM is of particular importance to developing countries, so as to enable Member States interested in the mechanism to take an active and informed role in the debate regarding the Kyoto Protocol and eligible CDM technologies. Therefore, the Secretariat organized a series of information seminars, workshops and training courses for Member States on the Kyoto Protocol, the Clean Development Mechanism, Joint Implementation and Emissions Trading with particular emphasis on the potential role of nuclear power for GHG mitigation. On request, the Secretariat also provided training and assistance to several Member States in the preparation of national case studies that explore the potential role of nuclear power as a CDM technology. These case studies will be presented by the respective national study teams during this side event at the 44th IAEA General Conference. Within the general criteria included in the Kyoto Protocol, the decision on which technologies are eligible for GHG mitigation under the flexibility mechanisms is a sovereign decision of each country

  17. 78 FR 32250 - CDM Smith and Dynamac Corp; Transfer of Data

    Science.gov (United States)

    2013-05-29

    ... ENVIRONMENTAL PROTECTION AGENCY [EPA-HQ-OPP-2013-0036; FRL-9387-5] CDM Smith and Dynamac Corp... the submitter, will be transferred to CDM Smith and its subcontractor, Dynamac Corp, in accordance with 40 CFR 2.307(h)(3) and 2.308(i)(2). CDM Smith and its subcontractor, Dynamac Corp, have been...

  18. Analysis of registered CDM projects: potential removal of evidenced bottlenecks

    Energy Technology Data Exchange (ETDEWEB)

    Agosto, D.; Bombard, P.; Gostinelli, F.

    2007-07-01

    The Clean Development Mechanism (CDM) has developed during its first period of implementation, a distinctive set of patterns. The authors thought of concentrating on the CDM analysis in order to highlight potential remedies or reasons for given bottlenecks. In order to establish a sort of extensive SWOT analysis for CDMs, all the 356 projects actually (November 2006) registered at UNFCCC were examined, together with all the about 1000 PDDs presented to the UNFCCC but not registered yet. The CDM projects have been studied trying to cluster projects according to relevant characteristics, both from a technical and an economic point of view. Chosen indicators are meant to identify: more convenient/more diffused energy system for a CDM; reasons for a geographical distribution of different types of projects; potentials for a future exploitation of lower used technologies in CDM. Conclusions are drawn and appropriate tables and graphs presented. (1) the Baseline Emission Factor, combined to economic patterns, is the pivotal factor that characterizes both choices of host country and technology; (2) some technologies can exploit appropriately CDM scheme, whilst other technologies, are constrained by it. (3) there are still some important weak points: grouping of non Annex I countries; crediting period; criteria for the evaluation of sustainable development. (auth)

  19. Global climate change policies. An analysis of CDM policies with an adapted GTAP model

    International Nuclear Information System (INIS)

    Wang, Shunli

    2004-01-01

    In the context of the relationships between spatial-economic interaction and global warming just discussed, this study aims to analyze the Clean Development Mechanisms (CDM) policies from an economic point of view. The research question of this study is formulated as follows: What will be the impacts of clirnate change policies, in particular CDM policies, on the economic performance of (groups of) countries in our global economic system, taking spatial interaction and general equilibrium effects into account? The purpose of addressing the issue of economic performance for (groups of) countries in the economic system is not just to identify winners and losers from international treaties. Rather, winning or losing may even determine the implementation and willingness of individual countries to participate in international environmental treaties, as illustrated by the recent withdrawal of the US from the Kyoto Protocol. By analyzing the economic impacts of an international environmental treaty for individual (groups of) countries, the framework that will be used to analyze this research question may be useful to determine the attractiveness of some global environmental policies, both for the world as a whole and for individual (groups of) countries. The research question will be answered by dividing it into six subquestions: (1) What is the position of CDM policies in the broad context of climate policy regimes?; (2) How should the relationship between human behavior and the physical environment be ideally modeled from an economic perspective? (3) How should the spatial dimension be incorporated in this framework of interaction between the economic and ecological system?; (4) How can climate change issues be incorporated in general equilibrium models in general, and in GTAP-E (extension of the Global Trade Analysis Project) in particular?; (5) How can CDM policies be implemented in the GTAP-E model?; and (6) What are the impacts of these climate change policies on

  20. Game theoretic analysis for carbon emission permits trading among multiple world regions with an optimizing global energy model; Saitekikagata sekai energy model ni motozuku tachiikikan CO2 haishutsu kyokasho torihiki no game ronteki bunseki

    Energy Technology Data Exchange (ETDEWEB)

    Akimoto, K.; Matsunaga, A.; Fujii, Y. [Yokohama National University, Yokohama (Japan); Yamaji, K. [The University of Tokyo, Tokyo (Japan)

    1998-10-01

    Carbon emissions which would cause global warming were agreed to be constrained at COP3 in Kyoto. In addition, carton emission permits trading was also approved to be introduced. The emission permits trading is expected to achieve efficient carbon emission reduction, equalizing the marginal costs of the emission reduction for the participating countries. In other words, the permits trading allows participants to reduce emissions where it is least expensive to do so. However, the inadequate introduction of the trading systems may impose unfairly greater burden on some countries, and therefore careful evaluation of the system would be indispensable for its implementation. In this paper, we attempt to analyze the emission permits trading. using the theory of cooperative games with a global energy model of optimization type. We assumed that seven world regions as players participate the permits trading system under the condition of the emission reduction target presented at COP3 and so on, and show the nucleolus of the grand coalition games, and the computational results of primary energy supplies and CO2 shadow prices. The insights of this research indicate that in order to stabilize the grand coalition, a noticeable amount of additional transfer of money would be needed besides the payments associated with the emission permits trading. 10 refs., 7 figs., 5 tabs.

  1. An economic analysis of tradeable emission permits for sulphur dioxide emissions in Europe

    International Nuclear Information System (INIS)

    Kruitwagen, S.

    1996-01-01

    The central theme of this thesis is the analysis of the applicability of tradeable emission permits for cost-effective SO2 reduction in Europe. First, an economic theoretical background is presented based on a literature study. Second, integrated assessment models are presented and compared. One of these models is selected for simulation. Third, a new permit trading systems is developed and analysed by detailed simulations of trading schemes, including their economic and environmental implications. Chapter 2 discusses some general economic aspects of pollution control. Attention is paid to the cost effectiveness of pollution control, to the international dimension of acid rain policy and to the need for cooperation. Some general game theoretic concepts are reviewed. Also attention is paid to the alternative policy instruments for emission control, focusing on tradeable emission permits. The theory of tradeable emission permits is elaborated in Chapter 3. Permit trading for pollutants that are non-uniformly mixing is thoroughly discussed and illustrated by some empirical studies. After discussing both emission permit and deposition permit trading systems, alternative systems of tradeable permits for this kind of pollutants are examined. Two main aspects in examining permit trading systems concern (1) the kind of trading process assumed, involving the distinction between simultaneous multilateral permit trading versus bilateral sequential permit trading, and (2) the initial distribution of emission permits. The thorough discussion on tradeable permits contributes to a better understanding of this policy instrument and sheds light on the implications of permit trading for non-uniformly mixing pollutants. The findings of this chapter indicate that a new permit trading system has to be developed. Chapter 4 describes and compares integrated assessment models for simulation of acid rain control. First, three integrated assessment models for the European acid rain problem

  2. To Trade or Not to Trade: Firm-Level Analysis of Emissions Trading in Santiago, Chile

    International Nuclear Information System (INIS)

    Coria, Jessica; Loefgren, Aasa; Sterner, Thomas

    2009-01-01

    Whether tradable permits are appropriate for use in transition and developing economies - given special social and cultural circumstances, such as the lack of institutions and lack of expertise with market-based policies - is much debated. We conducted interviews and surveyed a sample of firms subject to emissions trading programs in Santiago, Chile, one of the first cities outside the OECD that has implemented such trading. The information gathered allow us to study what factors affect the performance of the trading programs in practice and the challenges and advantages of applying tradable permits in less developed countries

  3. A Reformed CDM - including new mechanisms for sustainable development

    Energy Technology Data Exchange (ETDEWEB)

    Holm Olsen, K; Fenhann, J

    2009-07-01

    The annual CD4CDM Perspectives Series features a topic of pivotal importance to the global carbon market. The series seeks to communicate the diverse insights and visions of leading actors in the carbon market to better inform the decisions of professionals and policymakers in developing countries. The second theme of the series focuses on how the CDM can be reformed in a post-2012 climate regime, including new mechanism for sustainable development. Seventeen contributors from the private sector, Designated National Authorities, the Executive Board, research, and development agencies present their perspective on meeting challenges such as the unequal regional distribution of CDM projects, concerns about environmental integrity and technology transfer, complex governance procedures, and questions about the CDM's contribution to sustainable development. The new ideas and solutions to these challenges proposed by the authors in this edition of Perspectives have been solicited to help professionals and policy makers make the best decisions in the lead-up to COP 15 in Copenhagen and beyond. (au)

  4. A Reformed CDM - including new mechanisms for sustainable development

    Energy Technology Data Exchange (ETDEWEB)

    Holm Olsen, K.; Fenhann, J.

    2009-07-01

    The annual CD4CDM Perspectives Series features a topic of pivotal importance to the global carbon market. The series seeks to communicate the diverse insights and visions of leading actors in the carbon market to better inform the decisions of professionals and policymakers in developing countries. The second theme of the series focuses on how the CDM can be reformed in a post-2012 climate regime, including new mechanism for sustainable development. Seventeen contributors from the private sector, Designated National Authorities, the Executive Board, research, and development agencies present their perspective on meeting challenges such as the unequal regional distribution of CDM projects, concerns about environmental integrity and technology transfer, complex governance procedures, and questions about the CDM's contribution to sustainable development. The new ideas and solutions to these challenges proposed by the authors in this edition of Perspectives have been solicited to help professionals and policy makers make the best decisions in the lead-up to COP 15 in Copenhagen and beyond. (au)

  5. CDM Convective Forecast Planning guidance

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The CDM Convective Forecast Planning (CCFP) guidance product provides a foreast of en-route aviation convective hazards. The forecasts are updated every 2 hours and...

  6. Manufacturing of nuclear power components in CDM

    International Nuclear Information System (INIS)

    Krishnan, J.; Jawale, S.B.

    2002-01-01

    Full text: In the nuclear research programme in India, Dr. H.J. Bhabha, the architecture of the Indian Nuclear programme felt a need for proto-type development and precision manufacturing facility to fulfill the requirements of mechanical components in establishing the manufacturing capability for the successful and self sustained nuclear programme. Centre for Design and Manufacture (CDM) hitherto known as CWS was established in 1964 to cater to the specific requirements of DAE and other associated units like ISRO, DRDO. Since then CDM has made multiple technological achievements and changes towards high quality products. The acquisition of up-to-date machines during High-Tech facility under VIII Plan project and Advance Precision Fabrication facility under IX Plan project has changed the capability of CDM towards CAD, CAM, CAE and CNC machining centres. Considering the rapid growth in the design and manufacturing, it was renamed as Centre for Design and Manufacture in March 2002, with the mission of quality output through group effort and team work

  7. Constraints on deviations from ΛCDM within Horndeski gravity

    Energy Technology Data Exchange (ETDEWEB)

    Bellini, Emilio; Cuesta, Antonio J. [ICCUB, University of Barcelona (IEEC-UB), Martí i Franquès 1, E08028 Barcelona (Spain); Jimenez, Raul; Verde, Licia, E-mail: emilio.bellini@icc.ub.edu, E-mail: ajcuesta@icc.ub.edu, E-mail: rauljimenez@g.harvard.edu, E-mail: liciaverde@icc.ub.edu [Institució Catalana de Recerca i Estudis Avançats (ICREA), 08010 Barcelona (Spain)

    2016-02-01

    Recent anomalies found in cosmological datasets such as the low multipoles of the Cosmic Microwave Background or the low redshift amplitude and growth of clustering measured by e.g., abundance of galaxy clusters and redshift space distortions in galaxy surveys, have motivated explorations of models beyond standard ΛCDM. Of particular interest are models where general relativity (GR) is modified on large cosmological scales. Here we consider deviations from ΛCDM+GR within the context of Horndeski gravity, which is the most general theory of gravity with second derivatives in the equations of motion. We adopt a parametrization in which the four additional Horndeski functions of time α{sub i}(t) are proportional to the cosmological density of dark energy Ω{sub DE}(t). Constraints on this extended parameter space using a suite of state-of-the art cosmological observations are presented for the first time. Although the theory is able to accommodate the low multipoles of the Cosmic Microwave Background and the low amplitude of fluctuations from redshift space distortions, we find no significant tension with ΛCDM+GR when performing a global fit to recent cosmological data and thus there is no evidence against ΛCDM+GR from an analysis of the value of the Bayesian evidence ratio of the modified gravity models with respect to ΛCDM, despite introducing extra parameters. The posterior distribution of these extra parameters that we derive return strong constraints on any possible deviations from ΛCDM+GR in the context of Horndeski gravity. We illustrate how our results can be applied to a more general frameworks of modified gravity models.

  8. Extracting the resource rent from the CDM projects: Can the Chinese Government do better?

    International Nuclear Information System (INIS)

    Liu Xuemei

    2010-01-01

    The revenue generated from a CDM project in China will be shared by the government and the project owner, and is also subject to the corporate income tax. This paper studies the impacts of the revenue sharing policy and income tax on the CDM market. The economic model presented in this paper shows that higher-cost CDM projects will be more affected by the CDM policies than lower-cost projects. In addition, the majority of CERs will be generated from lower-cost projects. This kind of distribution of CERs across different types of CDM projects, which is in line with the current picture of the CDM market in China, is not consistent with the goal of sustainable development. A simulation shows that a type-by-type tax/fee scheme would be more effective in assisting sustainable development than the current CDM policies. The study also suggests the government use negative tax/fee with the type-by-type scheme to subsidize the CDM projects that generate large sustainability benefits but would otherwise not be developed due to high costs. If all of the revenue from the CDM is recycled, it is estimated that CERs generation will increase by 98.28 MtC, mainly from the CDM projects that have substantial sustainability benefits for the host country.

  9. Modelling the impacts of CDM incentives for the Thai electricity sector

    International Nuclear Information System (INIS)

    Weiss, Philipp; Lefevre, Thierry; Moest, Dominik

    2008-01-01

    The CDM Executive Board recently took a positive decision on programmatic CDM, also known as a CDM Programme of Activities. This prompts the author to present a new tool that has been developed recently for the Thai electricity market. The Renewable Energy Development (RED) Model, initially developed in the framework of the DANIDA funded project: Promotion of Renewable Energy in Thailand (PRET), at the Ministry of Energy of Thailand, was designed for the modelling of different incentive schemes and their effects on the Thai power system for the promotion of renewable energy technologies (RETs). Within this article, an extension of the existing RED model, including the CDM as additional incentive measure, is presented (RED-CDM). Along with the project-based approach, also a sectoral and programmatic approach is included as well. Several scenarios developed with the RED-CDM model show the influence of different incentive mechanisms on the Thai power market and their potentials for reaching the policy targets stated in the Energy Strategy of Thailand for Competitiveness. The main results show that reaching the policy targets is possible, while the price can be extremely high if the targets are to be achieved on schedule. Another important result is that a sectoral CDM approach could help financing about 20% of the incentives needed for a shift towards a more sustainable power grid, if the certified emission reductions (CERs) are sold at a price of 15 Euro/ton

  10. Trading Hot-Air. The Influence of Permit Allocation Rules, Market Power and the US Withdrawal from the Kyoto Protocol

    International Nuclear Information System (INIS)

    Klepper, G.; Peterson, S.

    2005-01-01

    After the conferences in Bonn and Marrakech, it is likely that international emissions trading will be realized in the near future. Major influences on the permit market are the institutional detail, the participation structure and the treatment of hot-air. Different scenarios not only differ in their implications for the demand and supply of permits and thus the permit price, but also in their allocative effects. In this paper we discuss likely the institutional designs for permit allocation in the hot-air economies and the use of market power and quantify the resulting effects by using the computable general equilibrium model DART. It turns out that the amount of hot-air supplied will be small if hot-air economies cooperate in their decisions. Under welfare maximization, more hot-air is supplied than in the case where governments try to maximize revenues from permit sales

  11. Consistency of the Planck CMB data and ΛCDM cosmology

    Energy Technology Data Exchange (ETDEWEB)

    Shafieloo, Arman [Korea Astronomy and Space Science Institute, Daejeon, 34055 (Korea, Republic of); Hazra, Dhiraj Kumar, E-mail: shafieloo@kasi.re.kr, E-mail: dhiraj.kumar.hazra@apc.univ-paris7.fr [AstroParticule et Cosmologie (APC)/Paris Centre for Cosmological Physics, Université Paris Diderot, CNRS/IN2P3, CEA/lrfu, Observatoire de Paris, Sorbonne Paris Cité, 10, rue Alice Domon et Leonie Duquet, Paris Cedex 13, 75205 France (France)

    2017-04-01

    We test the consistency between Planck temperature and polarization power spectra and the concordance model of Λ Cold Dark Matter cosmology (ΛCDM) within the framework of Crossing statistics. We find that Planck TT best fit ΛCDM power spectrum is completely consistent with EE power spectrum data while EE best fit ΛCDM power spectrum is not consistent with TT data. However, this does not point to any systematic or model-data discrepancy since in the Planck EE data, uncertainties are much larger compared to the TT data. We also investigate the possibility of any deviation from ΛCDM model analyzing the Planck 2015 data. Results from TT, TE and EE data analysis indicate that no deviation is required beyond the flexibility of the concordance ΛCDM model. Our analysis thus rules out any strong evidence for beyond the concordance model in the Planck spectra data. We also report a mild amplitude difference comparing temperature and polarization data, where temperature data seems to have slightly lower amplitude than expected (consistently at all multiples), as we assume both temperature and polarization data are realizations of the same underlying cosmology.

  12. Experiences of project developers around CDM projects in South Africa

    International Nuclear Information System (INIS)

    Thurner, Thomas W.; Varughese, Arun

    2013-01-01

    Project developers in South Africa are puzzled with the long process of evaluating and registering their CDM projects. In addition to other obstacles, we find that South African big businesses are rather reluctant to engage in any new business activities such as CDM projects and municipalities often lack the necessary flexibility. This offers opportunities for small-scale project developers who spot the opportunities and find creative solutions to overcome these difficulties. - Highlights: • First paper analysing the experience of small project developers in South Africa. • Project developers in South Africa are puzzled with the long process. • South African big businesses are reluctant to engage in CDM projects. • Small-scale project developers spot opportunities and find creative solutions to overcome difficulties. • Also, we saw learning processes of South African administration in support of CDM projects

  13. Annual Report 2011 for the Swedish CDM and JI program; Aarsredovisning 2011 foer Sveriges CDM och JI-program

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-11-01

    The report is an annual report of the Swedish CDM [Clean Development Mechanism] and JI [Joint Implementation]program for 2011. The report shows aims and goals of the business and the work of individual CDM and JI projects and multilateral funds which have been performed over the entire duration of life and especially during 2011. The report presents volume orders, deliveries of emission reduction units as well as the volumes expected to be needed for the fulfillment of the national target by 2020. The report also includes information about the average price for the emission reductions as well as alternative costs.

  14. Joint implementation, clean development mechanism and tradable permits. International regulation of greenhouse gases

    DEFF Research Database (Denmark)

    Nielsen, L.; Olsen, K.R.

    2000-01-01

    ). The report describes the background for the international co-operation on reducing the greenhouse gases and the background for the instruments. How the instruments work in theory and what the practical problemsmay be. What agents' incentives are when they engage in JI or CDM, and how the initiation...... the developing countries incentives to participate in the coalition of committed countries. In the concludingchapter some recommendations on the use of JI, TP and CDM are given. The recommendations are a kind of dialog with especially the Norwegian and Swedish reports on tradable permits. Some of the issues...

  15. The clean development mechanism (CDM) an international perspective and implications for the LAC region

    International Nuclear Information System (INIS)

    2004-08-01

    This paper addresses activity a) an analysis of international CDM experiences and its potential contribution to the LAC region. The paper begins with a section describing the basic principles of the CDM and retrieves the lessons learned from the first two years of the CDM operation. This is followed by a more detailed review in section 2 of the on-going baseline and monitoring methodology approval process. In section 3, the development value of the CDM is explored. Section 4 describes the current CDM markets, while section 5 reviews the response of host countries to the CDM outside the LAC region. Section 6 describes the various capacity building programs established by Annex 1 countries to support the CDM. In each of the first 6 sections, implications for the LAC region are identified. Section 7 brings these conclusions together into a concise summary. (The author)

  16. Emission Permits trade between the Nordic and Baltic Countries

    Energy Technology Data Exchange (ETDEWEB)

    Alm, Leif Kristian

    2000-05-01

    A bottom-up technology oriented model of the energy systems in the Nordic and Baltic countries have been constructed and used for analysing an optimal set of energy and emission trading within the region. The model used is MARKAL, which has been developed within the IEA-ETSAP. The analyses are based on national emission levels agreed on in the Kyoto protocol (and the following burden sharing negotiations within the European Union), and with an additional strengthening after 2010. Only energy related CO{sub 2} emissions are explicitly considered. Nuclear power in Sweden is assumed to be phased out. The results show that especially Norway and Sweden have large abatement costs when acting alone, whale the Baltic countries will probably not need to take domestic actions due to the Kyoto protocol if they act alone, as the restructuring of their economies in the beginning of the 1990ties cut emissions (and their economies) dramatically. It is shown that emission trading among the Nordic and Baltic countries can reduce abatement costs among the Nordic countries significantly, possibly down to a level equivalent to a world market (Annex I) permit price. Extending the Nordic common electricity market to Balticum will have minor influence on overall energy system costs. There is no pronounced direction for net electricity flow between the Nordic and Baltic countries. High marginal costs during peak hours in Balticum indicate that imports of Nordic hydro power during peak-hours could be a cost-effective option. This possibility could be implemented with a subsea AC/DC connection between Sweden and Latvia. It is politically viable to develop more hydropower in Norway, this country will be the major electricity exporter in the region, while Sweden will be the main importer. Changing scenario assumptions, i.e. no more Norwegian hydropower, but life extension of Swedish nuclear power, could change this picture. (author)

  17. CDM in sub-Saharan Africa and the prospects of the Nairobi Framework Initiative

    NARCIS (Netherlands)

    Byigero, Alfred D.; Clancy, Joy S.; Skutsch, Margaret

    2010-01-01

    To what extent can capacity-building activities under the Nairobi Framework (NF) Initiative overcome barriers to the Clean Development Mechanism (CDM) in sub-Saharan Africa and, in particular, the East African region? The level of CDM penetration into sub-Saharan Africa is compared with CDM market

  18. CDM criticisms: don't throw the baby out with the bathwater

    Energy Technology Data Exchange (ETDEWEB)

    Buen, Joerund

    2012-07-01

    CDM has delivered greater offset volumes than anticipated, mainly with money from the private sector in host countries (underlying project investment) and investor countries (carbon offset purchasing) and has built considerable institutional capacity. Criticisms have focused on high transaction costs and lack of scalability; additionality challenges and lack of net mitigation impact; preventing more ambitious targets and changes in emissions paths in developed and developing countries alike; excessive rents and perverse incentives; unbalanced regional distribution; low local sustainable development benefits; corruption and lack of transparency; and lack of technology transfer. While some of these criticisms are justified, others are outdated. Transaction costs have been drastically reduced. Excessive rents and perverse incentives in the CDM will be substantially reduced post-2012. Unbalanced regional distribution will be reduced by new rules; moreover, this is probably less of a problem than commonly thought. Some criticisms are erroneously founded. There is no evidence of CDM preventing more ambitious targets in developing countries while it could prevent changes in emissions paths in developed countries. Few CDM projects have serious known problems as regards sustainable development. Corruption and fraud seem limited; and technology transfer has never been a core CDM concern. Ironically, critics often neglect the elements that need to be improved. To ensure additionality, CDM rules must be tightened to exclude common practice projects and prevent host countries from changing their policies to cater for CDM projects. CDM's scalability and additionality challenges could be substantially reduced by discounting emission reductions. There could still be some non-additional projects, but the volume of the overall portfolio of projects would be additional.(Author)

  19. EU-MENA energy technology transfer under the CDM: Israel as a frontrunner?

    International Nuclear Information System (INIS)

    Karakosta, Charikleia; Doukas, Haris; John, Psarras

    2010-01-01

    The majority of the Middle East and North Africa (MENA) countries possess substantial potential for the implementation of CDM projects. Abatement of Greenhouse Gas (GHG) emissions can mainly be achieved through utilizing the abundant Renewable Energy Sources (RES) in the region and the implementation of Energy Efficiency (ENEF) measures. However, most of the MENA countries have a limited track record as regards CDM projects in the pipeline comparing to the major CDM-players, like Asia-Pacific regions and Latin America. In the above framework, this paper investigates the current status of CDM in the MENA region and the related perspectives for further diffusion of the CDM though the elaboration of a Strengths-Weaknesses-Opportunities and Threats (SWOT) Analysis. Particular emphasis is laid on the case of Israel, which seems to make an exception to the rule, since it hosts most projects in the region and dominates among the MENA countries.

  20. Why only few CDM projects?

    DEFF Research Database (Denmark)

    Brandt, Urs Steiner; Svendsen, Gert Tinggaard

    2013-01-01

    CDM projects have large potentials but also face significant obstacles that have so far limited their applicability. Two serious problems that an effective contracting faces are the presence of private information and the lack of sufficiently precise output measures. In a principal-agent framewor...

  1. Trojan horse or horn of plenty? Reflections on allowing CCS in the CDM

    International Nuclear Information System (INIS)

    Coninck, Heleen de

    2008-01-01

    The discussion around allowing CO 2 capture and geological storage (CCS) into the Kyoto Protocol's Clean Development Mechanism (CDM) is important, as the CDM is currently the only structural incentive for reducing greenhouse gas emissions in the developing world. Without the potential incentives given by the CDM, CCS in developing countries will only take place sporadically in niche sectors. The debate around CCS in the CDM has developed into a highly polarised discussion, with a deep divide between proponents and opponents and no view on reconciliation between the various perspectives. Environmental organisations and several developing-country parties in the climate negotiations are increasingly vehemently opposed against CCS in the CDM, and industrialised countries, several large fossil-fuel-dependent developing countries and industry view CCS as a natural option under the CDM, provided some surmountable technical and procedural barriers are taken care of. This paper argues that the efforts of those trying to bring the discussion to a close by solving technical and procedural issues around CCS in the CDM will not lead to agreement because of underlying convictions of all stakeholders. Six convictions are identified and discussed. Based on the discussion of the convictions of both opponents and proponents, research needs and a potential negotiation package are suggested. The research needs are primarily in the field of the CDM market impacts of CCS, the issue of enhanced oil emission accounting, and sustainable development aspects, and particularly whether developing countries could actually benefit from technological leadership in the field of CCS, or whether they will be worse off. Devoting attention to the identified convictions could provide information for a more acceptable negotiation package on CCS in the CDM. (author)

  2. Modeling and Computation of Transboundary Industrial Pollution with Emission Permits Trading by Stochastic Differential Game.

    Science.gov (United States)

    Chang, Shuhua; Wang, Xinyu; Wang, Zheng

    2015-01-01

    Transboundary industrial pollution requires international actions to control its formation and effects. In this paper, we present a stochastic differential game to model the transboundary industrial pollution problems with emission permits trading. More generally, the process of emission permits price is assumed to be stochastic and to follow a geometric Brownian motion (GBM). We make use of stochastic optimal control theory to derive the system of Hamilton-Jacobi-Bellman (HJB) equations satisfied by the value functions for the cooperative and the noncooperative games, respectively, and then propose a so-called fitted finite volume method to solve it. The efficiency and the usefulness of this method are illustrated by the numerical experiments. The two regions' cooperative and noncooperative optimal emission paths, which maximize the regions' discounted streams of the net revenues, together with the value functions, are obtained. Additionally, we can also obtain the threshold conditions for the two regions to decide whether they cooperate or not in different cases. The effects of parameters in the established model on the results have been also examined. All the results demonstrate that the stochastic emission permits prices can motivate the players to make more flexible strategic decisions in the games.

  3. How to Improve the Likelihood of CDM Approval?

    DEFF Research Database (Denmark)

    Brandt, Urs Steiner; Svendsen, Gert Tinggaard

    2014-01-01

    How can the likelihood of Clean Development Mechanism (CDM) approval be improved in the face of institutional shortcomings? To answer this question, we focus on the three institutional shortcomings of income sharing, risk sharing and corruption prevention concerning afforestation/reforestation (A....../R). Furthermore, three main stakeholders are identified, namely investors, governments and agents in a principal-agent model regarding monitoring and enforcement capacity. Developing countries such as West Africa have, despite huge potentials, not been integrated in A/R CDM projects yet. Remote sensing, however...

  4. Why the CDM can reduce carbon leakage

    International Nuclear Information System (INIS)

    Kallbekken, S.

    2006-04-01

    Carbon leakage is an important concern because it can reduce the environmental effectiveness of the Kyoto Protocol. The Clean Development Mechanism, one of the flexibility mechanisms allowed under the protocol, has the potential to reduce carbon leakage significantly because it reduces the relative competitive disadvantage to Annex B countries of restricting greenhouse gas emissions. The economic intuition behind this mechanism is explored in a theoretical analysis. It is then analyzed numerically using a CGE model. The results indicate that, assuming appropriate accounting for leakage and under realistic assumptions on CDM activity, the CDM has the potential to reduce the magnitude of carbon leakage by around three fifths

  5. Carbon market risks and rewards: Firm perceptions of CDM investment decisions in Brazil and India

    International Nuclear Information System (INIS)

    Hultman, Nathan E.; Pulver, Simone; Guimarães, Leticia; Deshmukh, Ranjit; Kane, Jennifer

    2012-01-01

    The carbon market experiences of Brazil and India represent policy success stories under several criteria. A careful evaluation, however, reveals challenges to market development that should be addressed in order to make the rollout of a post-2012 CDM more effective. We conducted firm-level interviews covering 82 CDM plants in the sugar and cement sectors in Brazil and India, focusing on how individual managers understood the potential benefits and risks of undertaking clean development mechanism (CDM) investments. Our results indicate that the CDM operates in a far more complex way in practice than that of simply adding a marginal increment to a project's internal rate of return. Our results indicate the following: first, although anticipated revenue played a central role in most managers' decisions to pursue CDM investments, there was no standard practice to account for financial benefits of CDM investments; second, some managers identified non-financial reputational factors as their primary motivation for pursuing CDM projects; and third, under fluctuating regulatory regimes with real immediate costs and uncertain CDM revenue, managers favored projects that often did not require carbon revenue to be viable. The post-2012 CDM architecture can benefit from incorporating these insights, and in particular reassess goals for strict additionality and mechanisms for achieving it.

  6. Marketable pollution permits with uncertainty and transaction costs

    International Nuclear Information System (INIS)

    Montero, Juan-Pablo

    1998-01-01

    Increasing interest in the use of marketable permits for pollution control has become evident in recent years. Concern regarding their performance still remains because empirical evidence has shown transaction costs and uncertainty to be significant in past and existing marketable permits programs. In this paper we develop theoretical and numerical models that include transaction costs and uncertainty (in trade approval) to show their effects on market performance (i.e., equilibrium price of permits and trading volume) and aggregate control costs. We also show that in the presence of transaction costs and uncertainty the initial allocation of permits may not be neutral in terms of efficiency. Furthermore, using a numerical model for a hypothetical NO x trading program in which participants have discrete control technology choices, we find that aggregate control costs and the equilibrium price of permits are sensitive to the initial allocation of permits, even for constant marginal transaction costs and certainty

  7. Options for utilizing the CDM for global emission reductions

    Energy Technology Data Exchange (ETDEWEB)

    Butzengeiger-Geyer, Sonja; Castro, Paula; Harthan, Ralph O.; Hayashi, Daisuke; Healy, Sean; Maribu, Karl Magnus; Michaelowa, Axel; Okubo, Yuri; Schneider, Lambert; Storroe, Ingunn [Zuerich Univ. (Switzerland); Oeko-Institut e.V., Berlin (Germany); Perspectives GmbH, Hamburg (Germany); Point Carbon A/S, Oslo (Norway)

    2010-11-15

    The study describes and discusses in detail how four CDM reform alternatives, namely discounting of emission reductions, ambitious baselines, purchase and cancellation of CERs and reinvestment of CER levies, could be integrated in a Post-2012 climate regime. The study assesses these alternatives, according to their impacts on GHG emission reductions, contribution to sustainable development, cost-efficiency, technical feasibility, incentives and distributional effects as well as negotiability. The study shows that the introduction of discounting and ambitious baselines is technically feasible but politically a massive challenge. With the help of an economic model the study shows that the introduction of reform alternatives increases the amount of emission reductions but in comparison to the current CDM the impact is rather limited. But a CDM reform can in any case increase the credibility and improve the environmental integrity of the mechanism. (orig.)

  8. Emissions trading under market imperfections

    Energy Technology Data Exchange (ETDEWEB)

    Lappi, P.

    2013-08-15

    In this thesis we consider emissions trading under various market imperfections such as uncertainty over permit price, imperfect competition and noncompliance. First, we study the effects of uncertain permit price on the firms choice of emission intensive and clean inputs in an multi-input production process. We also assess the risk aversion factors of some Finnish heat and power producers. Second, we study imperfect competition in output and permit markets with a two-stage model, where output decision is made before permit trades. The emphasis is on the strategic interaction between firms and on the efficiency increasing regulation. Third, we turn back to uncertainty and analyse the welfare difference between emissions trading and emission tax, when some of the firms may be noncompliant. The main finding is that welfare is greater with emission tax than with emissions trading, when at least one firm is noncompliant. Finally, we extend some existing models of permit banking and borrowing to encompass also noncompliant behavior of firms. Here, we analyse the incentives of compliant firms to become noncompliant at some point in time and also the time paths of the choice variables. (orig.)

  9. CDM potential of bagasse cogeneration in India

    International Nuclear Information System (INIS)

    Purohit, Pallav; Michaelowa, Axel

    2007-01-01

    So far, the cumulative capacity of renewable energy systems such as bagasse cogeneration in India is far below their theoretical potential despite government subsidy programmes. One of the major barriers is the high investment cost of these systems. The Clean Development Mechanism (CDM) provides industrialized countries with an incentive to invest in emission reduction projects in developing countries to achieve a reduction in CO 2 emissions at lowest cost that also promotes sustainable development in the host country. Bagasse cogeneration projects could be of interest under the CDM because they directly displace greenhouse gas emissions while contributing to sustainable rural development. This study assesses the maximum theoretical as well as the realistically achievable CDM potential of bagasse cogeneration in India. Our estimates indicate that there is a vast theoretical potential of CO 2 mitigation by the use of bagasse for power generation through cogeneration process in India. The preliminary results indicate that the annual gross potential availability of bagasse in India is more than 67 million tonnes (MT). The potential of electricity generation through bagasse cogeneration in India is estimated to be around 34 TWh i.e. about 5575 MW in terms of the plant capacity. The annual CER potential of bagasse cogeneration in India could theoretically reach 28 MT. Under more realistic assumptions about diffusion of bagasse cogeneration based on past experiences with the government-run programmes, annual CER volumes by 2012 could reach 20-26 million. The projections based on the past diffusion trend indicate that in India, even with highly favorable assumptions, the dissemination of bagasse cogeneration for power generation is not likely to reach its maximum estimated potential in another 20 years. CDM could help to achieve the maximum utilization potential more rapidly as compared to the current diffusion trend if supportive policies are introduced

  10. The governance of clean energy in India: The clean development mechanism (CDM) and domestic energy politics

    International Nuclear Information System (INIS)

    Phillips, Jon; Newell, Peter

    2013-01-01

    This paper explores the ways in which clean energy is being governed in India. It does so in order to improve our understanding of the potential and limitations of carbon finance in supporting lower carbon energy transitions, and to strengthen our appreciation of the role of politics in enabling or frustrating such endeavors. In particular we emphasize the importance of politics and the nature of India's political economy in understanding the development of energy sources and technologies defined as ‘clean’ both by the United Nations Clean Development Mechanism (CDM) and leading international actors. By considering the broad range of institutions that exert formal and informal political influence over how the benefits and costs of the CDM are distributed, the paper highlights shortcomings in the narrow way in which CDM governance has been conceptualized to date. This approach goes beyond analysis of technocratic aspects of governance – often reduced to a set of institutional design issues – in order to appreciate the political nature of the trade-offs that characterize debates about India's energy future and the relations of power which will determine how, and on whose terms, they are resolved. - Highlights: • Clean energy governance in practice is shaped by political power and influence. • Governance of clean energy requires strong institutions from local to global levels. • Un-governed areas of energy policy are often as revealing of the exercise of power as areas where there explicit policy is in place. • Climate and carbon finance interventions need to better understand the landscape of political power which characterises India’s energy sector

  11. A method of predicting the reliability of CDM coil insulation

    International Nuclear Information System (INIS)

    Kytasty, A.; Ogle, C.; Arrendale, H.

    1992-01-01

    This paper presents a method of predicting the reliability of the Collider Dipole Magnet (CDM) coil insulation design. The method proposes a probabilistic treatment of electrical test data, stress analysis, material properties variability and loading uncertainties to give the reliability estimate. The approach taken to predict reliability of design related failure modes of the CDM is to form analytical models of the various possible failure modes and their related mechanisms or causes, and then statistically assess the contributions of the various contributing variables. The probability of the failure mode occurring is interpreted as the number of times one would expect certain extreme situations to combine and randomly occur. One of the more complex failure modes of the CDM will be used to illustrate this methodology

  12. The implementation of clean development mechanism (CDM) in the construction and built environment industry

    International Nuclear Information System (INIS)

    Mok, Ken L.; Han, Seung H.; Choi, Seokjin

    2014-01-01

    Greenhouse gas emissions due to human activities are the main contributors to global climate change, a problem that should not be ignored. Through the clean development mechanism (CDM) introduced under the Kyoto Protocol, developing countries are able to earn certified emission reduction (CER) credits through a myriad of emission reduction projects. This study aims to explore the potential of implementing CDM projects in the construction and built environment (C and BE) industry, which has been criticized for not only consuming an enormous amount of resources, but also for contributing to adverse environmental health. In this research, we limit the boundary of the C and BE industry to include the planning, procurement, construction, occupation and refurbishment/demolition phases of a project's life cycle. Surveys and in-depth follow-up interviews with experts have generated useful insights pertaining to CDM potential and its adaptation into the C and BE industry. From this foundation, this paper evaluates the current obstacles to CDM and presents feasible suggestions to increase CDM projects related to the C and BE industry. - Highlights: • We review the development and limitation of CDM relates to the construction and built environment (C and BE) industry. • We obtain experts' opinions on the feasibility of CDM in the C and BE industry. • Validation, monitoring, verification and additionality of CDM projects are crucial. • Experts agreed that most of our suggestions are feasible in principle

  13. Modeling and Computation of Transboundary Industrial Pollution with Emission Permits Trading by Stochastic Differential Game.

    Directory of Open Access Journals (Sweden)

    Shuhua Chang

    Full Text Available Transboundary industrial pollution requires international actions to control its formation and effects. In this paper, we present a stochastic differential game to model the transboundary industrial pollution problems with emission permits trading. More generally, the process of emission permits price is assumed to be stochastic and to follow a geometric Brownian motion (GBM. We make use of stochastic optimal control theory to derive the system of Hamilton-Jacobi-Bellman (HJB equations satisfied by the value functions for the cooperative and the noncooperative games, respectively, and then propose a so-called fitted finite volume method to solve it. The efficiency and the usefulness of this method are illustrated by the numerical experiments. The two regions' cooperative and noncooperative optimal emission paths, which maximize the regions' discounted streams of the net revenues, together with the value functions, are obtained. Additionally, we can also obtain the threshold conditions for the two regions to decide whether they cooperate or not in different cases. The effects of parameters in the established model on the results have been also examined. All the results demonstrate that the stochastic emission permits prices can motivate the players to make more flexible strategic decisions in the games.

  14. The H II galaxy Hubble diagram strongly favours Rh = ct over ΛCDM

    Science.gov (United States)

    Wei, Jun-Jie; Wu, Xue-Feng; Melia, Fulvio

    2016-12-01

    We continue to build support for the proposal to use H II galaxies (HIIGx) and giant extragalactic H II regions (GEHR) as standard candles to construct the Hubble diagram at redshifts beyond the current reach of Type Ia supernovae. Using a sample of 25 high-redshift HIIGx, 107 local HIIGx, and 24 GEHR, we confirm that the correlation between the emission-line luminosity and ionized-gas velocity dispersion is a viable luminosity indicator, and use it to test and compare the standard model ΛCDM and the Rh = ct universe by optimizing the parameters in each cosmology using a maximization of the likelihood function. For the flat ΛCDM model, the best fit is obtained with Ω _m= 0.40_{-0.09}^{+0.09}. However, statistical tools, such as the Akaike (AIC), Kullback (KIC) and Bayes (BIC) Information Criteria favour Rh = ct over the standard model with a likelihood of ≈94.8-98.8 per cent versus only ≈1.2-5.2 per cent. For wCDM (the version of ΛCDM with a dark-energy equation of state wde ≡ pde/ρde rather than wde = wΛ = -1), a statistically acceptable fit is realized with Ω _m=0.22_{-0.14}^{+0.16} and w_de= -0.51_{-0.25}^{+0.15} which, however, are not fully consistent with their concordance values. In this case, wCDM has two more free parameters than Rh = ct, and is penalized more heavily by these criteria. We find that Rh = ct is strongly favoured over wCDM with a likelihood of ≈92.9-99.6 per cent versus only 0.4-7.1 per cent. The current HIIGx sample is already large enough for the BIC to rule out ΛCDM/wCDM in favour of Rh = ct at a confidence level approaching 3σ.

  15. Fiscal 1998 research report. Research on the possibility of promoting CDM project through technology transfer with plant exports; 1998 nendo chosa hokokusho. Plant yushutsugata gijutsu iten wo tsujita CDM project suishin kanosei ni kansuru chosa hokokusho

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-03-01

    Study was made on promotion of CDM (clean development mechanism) project through technology transfer with plant exports. Although CDM system was provided in COP3 on climate change held in Kyoto in 1997, its detailed rules including project approval are yet undecided, and only the schedule to provide the detailed rules until COP6 in 2000 was decided in COP4 in 1998. The common recognition that the CDM project with plant exports produces various merits for both Japan and the partner country is increasing. However, from the viewpoint of forming concrete CDM projects, most Japanese enterprises are passive in approach to the CDM project because of no detailed design of CDM, uncertain profitability and procedures, and avoidance of additional burdens. Plant export is also difficult because of the fact that assessment of a new project is difficult. Enterprises' deeper recognition on the CDM project, and a governmental integrated support system are desirable. (NEDO)

  16. Point Climat no. 20 'CDM Policy Dialogue: a traditional 'treatment' coupled with new 'prescriptions' '

    International Nuclear Information System (INIS)

    Shishlov, Igor; Bellassen, Valentin

    2012-01-01

    Among the publications of CDC Climat Research, 'Climate Briefs' presents, in a few pages, hot topics in climate change policy. This issue addresses the following points: As the Clean Development Mechanism (CDM) reached the milestone billionth CER issued and the secondary CER price tipped below 2 euros, the recommendations of the High Level Panel on the CDM Policy Dialogue published on 11 September 2012 could not be timelier. By focusing on the current supply-demand disequilibrium that threatens the very survival of the CDM, the Panel extended its recommendations beyond the traditional scope of CDM reform. The Panel's ambition to pro-actively engage with other climate initiatives such as the Green Fund and regional markets is also innovative. Indeed, the CDM toolbox enriched by 10-years of experience stands to apply to or be partly recycled through new mechanisms. Along the 51 recommendations from the Policy Dialogue, there are calls for further standardization and streamlining, together with both old and new ideas on governance and contribution of the CDM to sustainable development

  17. 40 CFR 96.85 - NOX Budget opt-in permit contents.

    Science.gov (United States)

    2010-07-01

    ... 40 Protection of Environment 20 2010-07-01 2010-07-01 false NOX Budget opt-in permit contents. 96... (CONTINUED) NOX BUDGET TRADING PROGRAM AND CAIR NOX AND SO2 TRADING PROGRAMS FOR STATE IMPLEMENTATION PLANS Individual Unit Opt-ins § 96.85 NOX Budget opt-in permit contents. (a) Each NOX Budget opt-in permit...

  18. 40 CFR 97.85 - NOX Budget opt-in permit contents.

    Science.gov (United States)

    2010-07-01

    ... 40 Protection of Environment 20 2010-07-01 2010-07-01 false NOX Budget opt-in permit contents. 97... (CONTINUED) FEDERAL NOX BUDGET TRADING PROGRAM AND CAIR NOX AND SO2 TRADING PROGRAMS Individual Unit Opt-ins. § 97.85 NOX Budget opt-in permit contents. (a) Each NOX Budget opt-in permit will contain all elements...

  19. Etude Climat no. 37 '10 lessons from 10 years of the CDM'

    International Nuclear Information System (INIS)

    Shishlov, Igor; Bellassen, Valentin

    2012-01-01

    Among the publications of CDC Climat Research, 'Climate Reports' offer in-depth analyses on a given subject. This issue addresses the following points: The Clean Development Mechanism (CDM) is the first and by far the largest carbon offset instrument in the world. To date, it is the only market based on an environmental commodity which managed to attract several billions of euros of private capital on an annual basis. Being the first-of-a-kind climate change mitigation instrument, the CDM followed a 'learning by doing' pattern undergoing numerous reforms throughout its more than 10-year history. Although the post-2012 fate of the mechanism remains uncertain, one should not 'throw out the baby with the bath water' as the lessons from the CDM experience may be useful not only for the CDM reform but also for new market instruments

  20. Quantifying the CO{sub 2} permit price sensitivity

    Energy Technology Data Exchange (ETDEWEB)

    Gruell, Georg; Kiesel, Ruediger [Duisburg-Essen Univ., Essen (Germany). Inst. of Energy Trading and Financial Services

    2012-06-15

    Equilibrium models have been widely used in the literature with the aim of showing theoretical properties of emissions trading schemes. This paper applies equilibrium models to empirically study permit prices and to quantify the permit price sensitivity. In particular, we demonstrate that emission trading schemes both with and without banking are inherently prone to price jumps. (orig.)

  1. The Carbon Trading Game

    International Nuclear Information System (INIS)

    Fouquet, Roger

    2003-12-01

    In response to the Kyoto Protocol, an international market for carbon dioxide tradable permits is likely to be created. Two of the key issues involved are explaining the concepts of tradable permits to industrialists, policy-makers and the man on the street, and anticipating how the market will evolve. A simple game of the market for carbon dioxide tradable permits has been developed and used that can help deal with both issues. As a pedagogical tool, this game benefits from simplicity (just a few pieces of paper are needed) and enables students to grasp the concepts and remember them through the intensity and fun of a trading 'pit'. The experiences also provide substantial insights into the evolution of the carbon dioxide permit market, particularly related to the evolution of trade volume, permit prices and country strategies

  2. 40 CFR 96.24 - Effective date of initial NOX Budget permit.

    Science.gov (United States)

    2010-07-01

    ... 40 Protection of Environment 20 2010-07-01 2010-07-01 false Effective date of initial NOX Budget... PROGRAMS (CONTINUED) NOX BUDGET TRADING PROGRAM AND CAIR NOX AND SO2 TRADING PROGRAMS FOR STATE IMPLEMENTATION PLANS Permits § 96.24 Effective date of initial NOX Budget permit. The initial NOX Budget permit...

  3. Trends in renewable energy strategy development and the role of CDM in Bangladesh

    International Nuclear Information System (INIS)

    Noim Uddin, Sk; Taplin, Ros

    2009-01-01

    This article analyses and discusses trends in renewable energy strategy development in Bangladesh and the prospective role of the clean development mechanism (CDM) under the Kyoto Protocol. Use of renewables for electricity generation results in less greenhouse gas emissions compared with fossil fuel energy systems and often offers additional synergistic benefits. Despite the large potential for development of renewable energy sources in Bangladesh, currently their contribution to electricity generation remains insignificant. Existing policies and programs on renewable energy in Bangladesh are reviewed in relation to the specific requirements needed for CDM. A number of barriers are identified that impede the implementation of the CDM mechanism. Overall, it is recommended that more appropriate energy strategies, including a new national renewable energy strategy, need to be formulated and implemented and more suitable institutional settings need to be provided to promote energy sustainability for Bangladesh. Also, the suggestion is made that incorporation of objectives for CDM promotion in the new national renewable energy strategy to tie in with Bangladesh's CDM strategy should assist in advancement of renewables

  4. Wind farm investment risks under uncertain CDM benefit in China

    International Nuclear Information System (INIS)

    Yang, Ming; Nguyen, Francois; T'Serclaes, Philippine de; Buchner, Barbara

    2010-01-01

    China has set an ambitious target to increase its wind power capacity by 35 GW from 2007 to 2020. The country's hunger for clean power provides great opportunities for wind energy investors. However, risks from China's uncertain electricity market regulation and an uncertain energy policy framework, mainly due to uncertain Clean Development Mechanism (CDM) benefits, prevent foreign investors from investing in China's wind energy. The objectives of this paper are to: (1) quantify wind energy investment risk premiums in an uncertain international energy policy context and (2) evaluate the impact of uncertain CDM benefits on the net present values of wind power projects. With four scenarios, this study simulates possible prices of certified emissions reductions (CERs) from wind power projects. Project net present values (NPVs) have been calculated. The project risk premiums are drawn from different and uncertain CER prices. Our key findings show that uncertain CDM benefits will significantly affect the project NPVs. This paper concludes that the Chinese government needs revising its tariff incentives, most likely by introducing fixed feed-in tariffs (FITs), and re-examining its CDM-granting policy and its wind project tax rates, to facilitate wind power development and enable China to achieve its wind energy target. (author)

  5. On the contribution of labelled Certified Emission Reductions to sustainable development: A multi-criteria evaluation of CDM projects

    International Nuclear Information System (INIS)

    Nussbaumer, Patrick

    2009-01-01

    The Clean Development Mechanism (CDM) has a twofold objective, to offset greenhouse gas emissions and to contribute to sustainable development in the host country. The contribution to the latter objective seems marginal in most CDM activities. Also, CDM activities are unevenly spread among developing countries. In response to these concerns, initiatives with the objective of promoting CDM projects with broad local sustainable development dividends have been launched, such as the Gold Standard and the Community Development Carbon Fund. The Gold Standard label rewards best-practice CDM projects while the Community Development Carbon Fund focuses on promoting CDM activities in underprivileged communities. Using a multi-criteria method, the potential contribution to local sustainable development of those CDM projects with particular attributes is compared with ordinary ones. This evaluation suggests that labelled CDM activities tend to slightly outperform comparable projects, although not unequivocally

  6. Comparison of Cluster Lensing Profiles with Lambda CDM Predictions

    Energy Technology Data Exchange (ETDEWEB)

    Broadhurst, Tom; /Tel Aviv U.; Umetsu, Keiichi; /Taipei, Inst. Astron. Astrophys.; Medezinski, Elinor; /Tel Aviv U.; Oguri, Masamune; /KIPAC, Menlo Park; Rephaeli, Yoel; /Tel Aviv U. /San Diego, CASS

    2008-05-21

    We derive lens distortion and magnification profiles of four well known clusters observed with Subaru. Each cluster is very well fitted by the general form predicted for Cold Dark Matter (CDM) dominated halos, with good consistency found between the independent distortion and magnification measurements. The inferred level of mass concentration is surprisingly high, 8 < c{sub vir} < 15 ( = 10.39 {+-} 0.91), compared to the relatively shallow profiles predicted by the {Lambda}CDM model, c{sub vir} = 5.06 {+-} 1.10 (for = 1.25 x 10{sup 15} M{sub {circle_dot}}/h). This represents a 4{sigma} discrepancy, and includes the relatively modest effects of projection bias and profile evolution derived from N-body simulations, which oppose each other with little residual effect. In the context of CDM based cosmologies, this discrepancy implies some modification of the widely assumed spectrum of initial density perturbations, so clusters collapse earlier (z {ge} 1) than predicted (z < 0.5) when the Universe was correspondingly denser.

  7. CLUMP-3D: Testing ΛCDM with Galaxy Cluster Shapes

    Science.gov (United States)

    Sereno, Mauro; Umetsu, Keiichi; Ettori, Stefano; Sayers, Jack; Chiu, I.-Non; Meneghetti, Massimo; Vega-Ferrero, Jesús; Zitrin, Adi

    2018-06-01

    The ΛCDM model of structure formation makes strong predictions on the concentration and shape of dark matter (DM) halos, which are determined by mass accretion processes. Comparison between predicted shapes and observations provides a geometric test of the ΛCDM model. Accurate and precise measurements needs a full three-dimensional (3D) analysis of the cluster mass distribution. We accomplish this with a multi-probe 3D analysis of the X-ray regular Cluster Lensing and Supernova survey with Hubble (CLASH) clusters combining strong and weak lensing, X-ray photometry and spectroscopy, and the Sunyaev–Zel’dovich effect (SZe). The cluster shapes and concentrations are consistent with ΛCDM predictions. The CLASH clusters are randomly oriented, as expected given the sample selection criteria. Shapes agree with numerical results for DM-only halos, which hints at baryonic physics being less effective in making halos rounder.

  8. Addressing the need for a Clean Development Mechanism (CDM) specific project management strategy

    CSIR Research Space (South Africa)

    Lotz, M

    2009-01-01

    Full Text Available Clean Development Mechanism (CDM) projects have additional technical, financial and regulatory requirements that are not fully addressed by classic project management approaches. Research has been done on individual novel concepts of the CDM, like...

  9. Swedish Industry and Kyoto. An Assessment of the Effects of the European CO2 Emission Permit Trading System

    International Nuclear Information System (INIS)

    Braennlund, Runar; Lundgren, Tommy

    2005-01-01

    We assess the effects on Swedish industry input and output demands of different climate policy scenarios connected to energy policy induced by the Kyoto protocol. A unique data set containing firm level data on outputs and inputs during the years 1991-2001 is used to estimate a factor demand model, which is then simulated for different policy scenarios. Sector specific estimation suggests that the proposed quadratic profit function specification exhibit properties and robustness that are consistent with economic theory; that is, all own-price elasticities are negative and all output elasticities are positive. Furthermore, the elasticities show that the input demands are, in most cases, relatively inelastic. Simulation of the model for 6 different policy scenarios reveal that the effects on Swedish base industry of a EU level permit trade system is dependent on (i) removal or no removal of current CO 2 tax, (ii) the established price of permits, and (iii) what will happen to the electricity price. Our analysis show that changes in electricity price may be more important than the price of permits for some sectors

  10. Assessing Usefulness. Do Stakeholders Regard the CDM's SD Tool as Practicial?

    DEFF Research Database (Denmark)

    Olsen, Karen Holm; Fenhann, Jørgen Villy; Hinostroza, Miriam L.

    implementation of this requirement. The independent High-Level Panel on the CDM Policy Dialogue has also considered the need for improvement. Subsequently the Conference of the Parties serving as the meetings of the Parties to the Kyoto Protocol (CMP) 7 at Durban called on the CDM Executive Board to develop...... criteria, superficial examinations and difficult stakeholder consultations. Such new approaches include scoring of indicators, priority sectors, checklists as well as improved documentation requirements for verification, municipal approval or on-site visits by DNA staff. When developing the Sustainable...... contributions, and project developers. Host countries of different size and various levels of experience with CDM and sustainability assessment and project developers with expertise for various types of projects were interviewed in a survey about their experiences. Subjects were the sustainability assessment...

  11. European Union-Emission Trading Scheme: outlook for the chemical industry

    International Nuclear Information System (INIS)

    Coussy, P.; Alberola, E.

    2013-01-01

    From 2013, under the European Union Emissions Trading Scheme (EU-ETS), Europe will cap its emissions of nitrous oxide (N 2 O) and per-fluorocarbons (PFC) from the chemical industry. Besides, 336 chemical industry facilities will be forced to limit their emissions at 45.8 million tons of CO 2 per year from 2013 to 2020. At date August 1, 2012, almost 70% of the carbon credits issued by the clean development mechanism (CDM) were carried out mainly through the destruction of hydro-fluorocarbons (HFC-23) (42%) and N 2 O (22%). The contribution of emission reductions through chemical processes in the Joint Implementation (JI) projects is smaller but still amounted to 32% of all projects. From 1 May 2013 the European Union will refuse CDM and JI credits from emission reductions of HFC-23 and N 2 O. The issues of the introduction of the chemical industry in the EU-ETS in the context of low CO 2 prices and limited validity of CDM and JI chemical projects are high. Therefore, domestic CO 2 emissions reductions from energy consumption of the chemistry sector will take a larger share. (authors)

  12. Price floors for emissions trading

    International Nuclear Information System (INIS)

    Wood, Peter John; Jotzo, Frank

    2011-01-01

    Price floors in greenhouse gas emissions trading schemes can guarantee minimum abatement efforts if prices are lower than expected, and they can help manage cost uncertainty, possibly as complements to price ceilings. Provisions for price floors are found in several recent legislative proposals for emissions trading. Implementation however has potential pitfalls. Possible mechanisms are government commitments to buy back permits, a reserve price at auction, or an extra fee or tax on acquittal of emissions permits. Our analysis of these alternatives shows that the fee approach has budgetary advantages and is more compatible with international permit trading than the alternatives. It can also be used to implement more general hybrid approaches to emissions pricing. - Research highlights: → Price floors for emissions trading schemes guarantee a minimum carbon price. → Price floors mean that emissions can be less than specified by the ETS cap. → We examine how price floors can relate to different policy objectives. → We compare different mechanisms for implementing a price floor. → We find that a mechanism where there is an extra tax or fee has advantages.

  13. GDINA and CDM Packages in R

    Science.gov (United States)

    Rupp, André A.; van Rijn, Peter W.

    2018-01-01

    We review the GIDNA and CDM packages in R for fitting cognitive diagnosis/diagnostic classification models. We first provide a summary of their core capabilities and then use both simulated and real data to compare their functionalities in practice. We found that the most relevant routines in the two packages appear to be more similar than…

  14. Future restrictions for sinks in the CDM. How about a cap on supply?

    International Nuclear Information System (INIS)

    Forner, C.; Jotzo, F.

    2002-01-01

    The first commitment period of the Kyoto Protocol is expected to result in only a small role for the Clean Development Mechanism (CDM), including afforestation and reforestation projects. Wide ranging concerns regarding sinks in the CDM have been reflected in the Marrakech Accords capping the total amount of emission offsets from sinks projects to be used by Annex I countries. Decisions about the second commitment period and beyond are likely to be of far greater importance for these projects. This paper contributes to the discussion on how caps on sinks under the CDM could be used to obtain overall improved outcomes for developing countries. We examine two distinctive ways in which quantitative caps on sinks in the CDM can be implemented: one, restricting the use of sinks CERs to meet targets, as under the Marrakech Accords (a cap on demand); and two, restricting supply of sink CERs using a quota system. We argue in favour of a supply side cap, if Parties are to preserve the idea of limiting sinks in the CDM. Limiting the supply of credits could lead to better financial outcomes for developing countries as a whole, make higher-cost projects viable which may have better sustainability impacts, and provide an alternative to deal with equity concerns between developing countries

  15. ESD full chip simulation: HBM and CDM requirements and simulation approach

    Directory of Open Access Journals (Sweden)

    E. Franell

    2008-05-01

    Full Text Available Verification of ESD safety on full chip level is a major challenge for IC design. Especially phenomena with their origin in the overall product setup are posing a hurdle on the way to ESD safe products. For stress according to the Charged Device Model (CDM, a stumbling stone for a simulation based analysis is the complex current distribution among a huge number of internal nodes leading to hardly predictable voltage drops inside the circuits.

    This paper describes an methodology for Human Body Model (HBM simulations with an improved ESD-failure coverage and a novel methodology to replace capacitive nodes within a resistive network by current sources for CDM simulation. This enables a highly efficient DC simulation clearly marking CDM relevant design weaknesses allowing for application of this software both during product development and for product verification.

  16. A roaring trade? The legal trade in Panthera leo bones from Africa to East-Southeast Asia.

    Science.gov (United States)

    Williams, Vivienne L; Loveridge, Andrew J; Newton, David J; Macdonald, David W

    2017-01-01

    The African lion is the only big cat listed on CITES Appendix II, and the only one for which international commercial trade is legal under CITES. The trade in lion body parts, and especially the contentious trade in bones from South Africa to Asia, has raised concerns spanning continents and cultures. Debates were amplified at the 2016 CITES Conference of the Parties (CoP17) when a proposal to up-list lions to Appendix I was not supported and a compromise to keep them on Appendix II, with a bone trade quota for South Africa, was reached instead. CoP17 underscored a need for further information on the lion bone trade and the consequences for lions across the continent. Legal international trade in bones to Asia, allegedly to supply the substitute 'tiger bone' market, began in South Africa in February 2008 when the first CITES permits were issued. It was initially unclear the degree to which bones were sourced from captive-origin lions, and whether trade was a threat to wild lion populations. Our original assessment of the legal CITES-permitted lion bone trade from South Africa to East-Southeast Asia was for the period 2008-2011 (published 2015). In this paper, we consolidate new information that has become available for 2012-2016, including CITES reports from other African countries, and data on actual exports for three years to 2016 supplied by a freight forwarding company. Thus, we update the figures on the legal trade in lion bones from Africa to East-Southeast Asia in the period 2008-2016. We also contextualise the basis for global concerns by reviewing the history of the trade and its relation to tigers, poaching and wildlife trafficking. CITES permits issued to export bones escalated from ±314y-1 skeletons from 2008-2011, to ±1312y-1 skeletons from 2013-2015. South Africa was the only legal exporter of bones to Asia until 2013 when Namibia issued permits to export skeletons to Vietnam. While CITES permits to export ±5363 skeletons from Africa to Asia from

  17. A roaring trade? The legal trade in Panthera leo bones from Africa to East-Southeast Asia.

    Directory of Open Access Journals (Sweden)

    Vivienne L Williams

    Full Text Available The African lion is the only big cat listed on CITES Appendix II, and the only one for which international commercial trade is legal under CITES. The trade in lion body parts, and especially the contentious trade in bones from South Africa to Asia, has raised concerns spanning continents and cultures. Debates were amplified at the 2016 CITES Conference of the Parties (CoP17 when a proposal to up-list lions to Appendix I was not supported and a compromise to keep them on Appendix II, with a bone trade quota for South Africa, was reached instead. CoP17 underscored a need for further information on the lion bone trade and the consequences for lions across the continent. Legal international trade in bones to Asia, allegedly to supply the substitute 'tiger bone' market, began in South Africa in February 2008 when the first CITES permits were issued. It was initially unclear the degree to which bones were sourced from captive-origin lions, and whether trade was a threat to wild lion populations. Our original assessment of the legal CITES-permitted lion bone trade from South Africa to East-Southeast Asia was for the period 2008-2011 (published 2015. In this paper, we consolidate new information that has become available for 2012-2016, including CITES reports from other African countries, and data on actual exports for three years to 2016 supplied by a freight forwarding company. Thus, we update the figures on the legal trade in lion bones from Africa to East-Southeast Asia in the period 2008-2016. We also contextualise the basis for global concerns by reviewing the history of the trade and its relation to tigers, poaching and wildlife trafficking. CITES permits issued to export bones escalated from ±314y-1 skeletons from 2008-2011, to ±1312y-1 skeletons from 2013-2015. South Africa was the only legal exporter of bones to Asia until 2013 when Namibia issued permits to export skeletons to Vietnam. While CITES permits to export ±5363 skeletons from

  18. A roaring trade? The legal trade in Panthera leo bones from Africa to East-Southeast Asia

    Science.gov (United States)

    Loveridge, Andrew J.; Newton, David J.; Macdonald, David W.

    2017-01-01

    The African lion is the only big cat listed on CITES Appendix II, and the only one for which international commercial trade is legal under CITES. The trade in lion body parts, and especially the contentious trade in bones from South Africa to Asia, has raised concerns spanning continents and cultures. Debates were amplified at the 2016 CITES Conference of the Parties (CoP17) when a proposal to up-list lions to Appendix I was not supported and a compromise to keep them on Appendix II, with a bone trade quota for South Africa, was reached instead. CoP17 underscored a need for further information on the lion bone trade and the consequences for lions across the continent. Legal international trade in bones to Asia, allegedly to supply the substitute ‘tiger bone’ market, began in South Africa in February 2008 when the first CITES permits were issued. It was initially unclear the degree to which bones were sourced from captive-origin lions, and whether trade was a threat to wild lion populations. Our original assessment of the legal CITES-permitted lion bone trade from South Africa to East-Southeast Asia was for the period 2008–2011 (published 2015). In this paper, we consolidate new information that has become available for 2012–2016, including CITES reports from other African countries, and data on actual exports for three years to 2016 supplied by a freight forwarding company. Thus, we update the figures on the legal trade in lion bones from Africa to East-Southeast Asia in the period 2008–2016. We also contextualise the basis for global concerns by reviewing the history of the trade and its relation to tigers, poaching and wildlife trafficking. CITES permits issued to export bones escalated from ±314y-1 skeletons from 2008–2011, to ±1312y-1 skeletons from 2013–2015. South Africa was the only legal exporter of bones to Asia until 2013 when Namibia issued permits to export skeletons to Vietnam. While CITES permits to export ±5363 skeletons from Africa

  19. 27 CFR 19.165 - Trade names.

    Science.gov (United States)

    2010-04-01

    ... 27 Alcohol, Tobacco Products and Firearms 1 2010-04-01 2010-04-01 false Trade names. 19.165 Section 19.165 Alcohol, Tobacco Products and Firearms ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT... Trade names. (a) Operating permits. Where a trade name is to be used in connection with the operations...

  20. Small-scale CDM projects in a competitive electricity industry: How good is a simplified baseline methodology?

    International Nuclear Information System (INIS)

    Shrestha, Ram M.; Abeygunawardana, A.M.A.K.

    2007-01-01

    Setting baseline emissions is one of the principal tasks involved in awarding credits for greenhouse gas emission (GHG) mitigation projects under the Clean Development Mechanism (CDM). An emission baseline has to be project-specific in order to be accurate. However, project-specific baseline calculations are subject to high transaction costs, which disadvantage small-scale projects. For this reason, the CDM-Executive Board (CDM-EB) has approved simplified baseline methodologies for selected small-scale CDM project categories. While the simplified methods help reduce the transaction cost, they may also result in inaccuracies in the estimation of emission reductions from CDM projects. The purpose of this paper is to present a rigorous economic scheduling method for calculating the GHG emission reduction in a hypothetical competitive electricity industry due to the operation of a renewable energy-based power plant under CDM and compare the GHG emission reduction derived from the rigorous method with that obtained from the use of a simplified (i.e., standardized) method approved by the CDM-EB. A key finding of the paper is that depending upon the level of power demand, prices of electricity and input fuels, the simplified method can lead to either significant overestimation or substantial underestimation of emission reduction due to the operation of renewable energy-based power projects in a competitive electricity industry

  1. Improving efficiency in bilateral emission trading

    International Nuclear Information System (INIS)

    Burtraw, D.; Harrison, K.W.; Turner, P.

    1998-01-01

    When environmental damages from emissions are spatially nonuniform, permit trading has been modeled most often as a 'pollution offset program' in which emission permits are traded between agents, subject to constraints on ambient air quality. To date the institution envisioned to implement such a program involves trading on a bilateral and sequential basis. However, simulation studies indicate that the sequence of trades may alter the outcome and undermine the cost savings from a pollution offset program. This paper identifies a design for the trading institution that tends to overcome this phenomenon and improve the efficiency of equilibria obtained in a simulation model. We model a bilateral trading process for the reduction of sulfur dioxide emissions with a stochastic description of the sequence of trades within groups of nations in Europe. When trading takes place between disaggregated, stylistic representations of economic enterprises, rather than between national governments, a significantly greater portion of potential savings is achieved. In fact, under most sets of assumptions, approximate first order stochastic dominance is achieved wherein the more decentralized the trading agents, the greater the expected savings from a trading program. 4 figs., 2 tabs., 31 refs

  2. 15 CFR 303.7 - Issuance of licenses and shipment permits.

    Science.gov (United States)

    2010-01-01

    ... 15 Commerce and Foreign Trade 2 2010-01-01 2010-01-01 false Issuance of licenses and shipment permits. 303.7 Section 303.7 Commerce and Foreign Trade Regulations Relating to Commerce and Foreign Trade (Continued) INTERNATIONAL TRADE ADMINISTRATION, DEPARTMENT OF COMMERCE MISCELLANEOUS REGULATIONS WATCHES...

  3. Economic Impact of CDM Implementation through Alternate Energy Resource Substitution

    Directory of Open Access Journals (Sweden)

    K.J. Sreekanth

    2013-02-01

    Full Text Available Since the Kyoto protocol agreement, Clean Development Mechanism (CDM hasgarnered large emphasis in terms of certified emission reductions (CER not only amidst the globalcarbon market but also in India. This paper attempts to assess the impact of CDM towardssustainable development particularly in rural domestic utility sector that mainly includes lightingand cooking applications, with electricity as the source of energy. A detailed survey has undertakenin the state of Kerala, in southern part of India to study the rural domestic energy consumptionpattern. The data collected was analyzed that throws insight into the interrelationships of thevarious parameters that influence domestic utility sector pertaining to energy consumption byusing electricity as the source of energy. The interrelationships between the different parameterswere modeled that optimizes the contribution of electricity on domestic utility sector. The resultswere used to estimate the feasible extent of CO2 emission reduction through use of electricity as theenergy resources, vis-à-vis its economic viability through cost effectiveness. The analysis alsoprovides a platform for implementing CDM projects in the sector and related prospects withrespects to the Indian scenario.

  4. Technology and knowledge transfer from Annex 1 countries to non Annex 2 countries under the Kyoto Protocol's Clean Development Mechanism (CDM). An empirical case study of CDM projects implemented in Malaysia

    Energy Technology Data Exchange (ETDEWEB)

    Hansen, Ulrich Elmer

    2008-10-15

    The CDM constitutes a central element in political discussions on climate change concerning means to facilitate transfer of technology and knowledge, regarding greenhouse gas (GHG) mitigation technologies, from Annex 1 countries to Non Annex 1 countries. The purpose of this thesis is therefore to answer the question of what role the CDM plays in relation to transfer of technology and knowledge. The thesis relies on multiple sources of qualitative data and is conducted as a multiple case study of thirteen CDM projects implemented in Malaysia. It focuses on the companies involved in implementation of specific technologies in these projects and the channels that can facilitate the transfer process. The aim of the thesis is therefore to provide insights into the dynamics of technology transfer at the micro-level. An analytical framework is put forward on which it can be concluded that the CDM only plays a role in one out of the thirteen projects examined. The thesis may contribute to provide a background on which future provisions concerning technology transfer in the CDM, and/or other mechanisms that involve GHG mitigation activities in Non Annex 1 countries. (au)

  5. Wind power projects in the CDM: Methodologies and tools for baselines, carbon financing and substainability analysis[CDM=Clean Development Mechanism

    Energy Technology Data Exchange (ETDEWEB)

    Ringius, L.; Grohnheit, P.E.; Nielsen, L.H.; Olivier, A.L.; Painuly, J.; Villavicencio, A.

    2002-12-01

    The report is intended to be a guidance document for project developers, investors, lenders, and CDM host countries involved in wind power projects in the CDM. The report explores in particular those issues that are important in CDM project assessment and development - that is, baseline development, carbon financing, and environmental sustainability. It does not deal in detail with those issues that are routinely covered in a standard wind power project assessment. The report tests, compares, and recommends methodologies for and approaches to baseline development. To present the application and implications of the various methodologies and approaches in a concrete context, Africa's largest wind farm-namely the 60 MW wind farm located in Zafarana, Egypt- is examined as a hypothetical CDM wind power project The report shows that for the present case example there is a difference of about 25% between the lowest (0.5496 tCO2/MWh) and the highest emission rate (0.6868 tCO{sub 2}/MWh) estimated in accordance with these three standardized approaches to baseline development according to the Marrakesh Accord. This difference in emission factors comes about partly as a result of including hydroelectric power in the baseline scenario. Hydroelectric resources constitute around 21% of the generation capacity in Egypt, and, if excluding hydropower, the difference between the lowest and the highest baseline is reduced to 18%. Furthermore, since the two variations of the 'historical' baseline option examined result in the highest and the lowest baselines, by disregarding this baseline option altogether the difference between the lowest and the highest is reduced to 16%. The ES3-model, which the Systems Analysis Department at Risoe National Laboratory has developed, makes it possible for this report to explore the project-specific approach to baseline development in some detail. Based on quite disaggregated data on the Egyptian electricity system, including the wind

  6. Technology choice and CDM projects in China: case study of a small steel company in Shandong Province

    International Nuclear Information System (INIS)

    Kaneko, Shinji; Yonamine, Asaka; Jung, Tae Yong

    2006-01-01

    Corporate motives and strategies of both investing and hosting country affect the outcomes of a clean development mechanism (CDM) project-who introduces what technology to whom-and result in large differences in economic viability and the CO 2 emission reductions. This is particularly true for steel industry in which steel making consists of many detailed and complex processes, a given strategy could produce cumulative effects of the individual technologies used, leading to large energy savings overall. The objective of this study is to demonstrate some analytical methods that can be used to quantitatively evaluate the impacts of technology selection on the profit performance of CDM projects. Specifically, in this study we analyze a CDM project to introduce energy saving technology from Japan to a small steel manufacturer in China's Shandong Province, and conduct a simulation of the quantitative relationships between various technology options and profitability. Based on these results, we examine the environmental and economic significance of technology selection for CDM projects. To take this further, we then reconsider the profitability of a project as typical FDI activity (i.e., without the CDM), and by comparing this outcome with the CDM case, we clarify the significance and potential of the CDM

  7. Defining Investment Additionality for CDM projects - practical approaches

    International Nuclear Information System (INIS)

    Greiner, Sandra; Michaelowa, Axel

    2003-01-01

    The environmental integrity of the CDM under the Kyoto Protocol depends on the possibility to avoid giving emission credits to projects that would have happened anyway. Whether and how 'Investment Additionality' of CDM projects has to be determined is currently a part of climate negotiations. We discuss the rationale of companies to invest in projects and analyse possible criteria to determine Investment Additionality from a theoretical point of view. Differences in the type of investment call for the application of different criteria. Although some criteria are better than others, no single criterion can outweigh the others in all respects. We therefore suggest a scheme for additionality testing that aims at matching types of investment and criteria in a sensible way. Criteria are evaluated on the grounds of robustness to manipulation, degree of coverage and appropriateness for testing the investment decision under consideration

  8. Where the world stands still: turnaround as a strong test of ΛCDM cosmology

    Energy Technology Data Exchange (ETDEWEB)

    Pavlidou, V.; Tomaras, T.N., E-mail: pavlidou@physics.uoc.gr, E-mail: tomaras@physics.uoc.gr [Department of Physics and ITCP, University of Crete, 71003 Heraklion (Greece)

    2014-09-01

    Our intuitive understanding of cosmic structure formation works best in scales small enough so that isolated, bound, relaxed gravitating systems are no longer adjusting their radius; and large enough so that space and matter follow the average expansion of the Universe. Yet one of the most robust predictions of ΛCDM cosmology concerns the scale that separates these limits: the turnaround radius, which is the non-expanding shell furthest away from the center of a bound structure. We show that the maximum possible value of the turnaround radius within the framework of the ΛCDM model is, for a given mass M, equal to (3GM/Λ c{sup 2}){sup 1/3}, with G Newton's constant and c the speed of light, independently of cosmic epoch, exact nature of dark matter, or baryonic effects. We discuss the possible use of this prediction as an observational test for ΛCDM cosmology. Current data appear to favor ΛCDM over alternatives with local inhomogeneities and no Λ. However there exist several local-universe structures that have, within errors, reached their limiting size. With improved determinations of their turnaround radii and the enclosed mass, these objects may challenge the limit and ΛCDM cosmology.

  9. Where the world stands still: turnaround as a strong test of ΛCDM cosmology

    Science.gov (United States)

    Pavlidou, V.; Tomaras, T. N.

    2014-09-01

    Our intuitive understanding of cosmic structure formation works best in scales small enough so that isolated, bound, relaxed gravitating systems are no longer adjusting their radius; and large enough so that space and matter follow the average expansion of the Universe. Yet one of the most robust predictions of ΛCDM cosmology concerns the scale that separates these limits: the turnaround radius, which is the non-expanding shell furthest away from the center of a bound structure. We show that the maximum possible value of the turnaround radius within the framework of the ΛCDM model is, for a given mass M, equal to (3GM/Λ c2)1/3, with G Newton's constant and c the speed of light, independently of cosmic epoch, exact nature of dark matter, or baryonic effects. We discuss the possible use of this prediction as an observational test for ΛCDM cosmology. Current data appear to favor ΛCDM over alternatives with local inhomogeneities and no Λ. However there exist several local-universe structures that have, within errors, reached their limiting size. With improved determinations of their turnaround radii and the enclosed mass, these objects may challenge the limit and ΛCDM cosmology.

  10. 40 CFR 96.83 - Applying for NOX Budget opt-in permit.

    Science.gov (United States)

    2010-07-01

    ... 40 Protection of Environment 20 2010-07-01 2010-07-01 false Applying for NOX Budget opt-in permit... PROGRAMS (CONTINUED) NOX BUDGET TRADING PROGRAM AND CAIR NOX AND SO2 TRADING PROGRAMS FOR STATE IMPLEMENTATION PLANS Individual Unit Opt-ins § 96.83 Applying for NOX Budget opt-in permit. (a) Applying for...

  11. How to attribute market leakage to CDM projects

    NARCIS (Netherlands)

    Vöhringer, F.; Kuosmanen, T.K.; Dellink, R.B.

    2006-01-01

    Economic studies suggest that market leakage rates of greenhouse gas abatement can reach the two-digit percentage range. Although the Marrakesh Accords require Clean Development Mechanism (CDM) projects to account for leakage, most projects neglect market leakage. Insufficient leakage accounting is

  12. 40 CFR 97.83 - Applying for NOX Budget opt-in permit.

    Science.gov (United States)

    2010-07-01

    ... 40 Protection of Environment 20 2010-07-01 2010-07-01 false Applying for NOX Budget opt-in permit... PROGRAMS (CONTINUED) FEDERAL NOX BUDGET TRADING PROGRAM AND CAIR NOX AND SO2 TRADING PROGRAMS Individual Unit Opt-ins. § 97.83 Applying for NOX Budget opt-in permit. (a) Applying for initial NO X Budget opt...

  13. Long-term prospects of CDM and JI; Langfristige Perspektiven von CDM und JI

    Energy Technology Data Exchange (ETDEWEB)

    Cames, Martin; Anger, Niels; Boehringer, Christoph; Harthan, Ralph O.; Schneider, Lambert [Oeko-Institut, Berlin (Germany)

    2007-07-15

    This study analyses whether Germany should use the flexible mechanisms under the Kyoto protocol or whether it should continue to achieve its greenhouse gas reduction targets by dint of domestic policies and measures. It estimates the future potential of the project-based Kyoto mechanisms (CDM and JI) and the impacts of its use on the German and the global economy, using an integrated-assessment model. In a Delphi survey, the expectations of international experts on the future prospects of the project-based Kyoto mechanisms are assessed. The study finishes with an analysis of options for promoting the use of the flexible mechanisms in Germany and concludes that the Federal Government of Germany should establish a project-based mechanisms fund of 25 to 50 million Kyoto units to cover the compliance uncertainties due to unexpected temperature or business cycle variations. (orig.) [German] Diese Studie untersucht, ob Deutschland die flexiblen Mechanismen unter dem Kyoto-Protokoll nutzen sollte oder weiterhin seine Treibhausgasreduktionsziele durch inlaendische Politiken und Massnahmen erreichen sollte. Das kuenftige Potenzial der projektbezogenen Kyoto-Mechanismen (CDM und JI) wird untersucht und die Auswirkungen von deren Nutzung auf die deutsche und globale Wirtschaft werden mit einem Integrated-Assessment-Modell abgeschaetzt. In einer Delphi-Befragung werden die Erwartungen internationaler Experten in Hinblick auf die kuenftigen Perspektiven der projektbezogenen Kyoto- Mechanismen ermittelt. Abschliessend werden Moeglichkeiten zur Foerderung der Nutzung der flexiblen Mechanismen in Deutschland analysiert, mit der Schlussfolgerung, dass die Bundesregierung einen 25 bis 50 Millionen Kyoto-Einheiten umfassenden Fonds fuer projektbezogene Mechanismen einrichten sollte, um die Unsicherheiten bei der Erfuellung des Kyoto-Ziels infolge unerwarteter Temperaturschwankungen oder einer Aenderung der Konjunkturentwicklung abzudecken. (orig.)

  14. Simultaneous falsification of ΛCDM and quintessence with massive, distant clusters

    International Nuclear Information System (INIS)

    Mortonson, Michael J.; Hu, Wayne; Huterer, Dragan

    2011-01-01

    Observation of even a single massive cluster, especially at high redshift, can falsify the standard cosmological framework consisting of a cosmological constant and cold dark matter (ΛCDM) with Gaussian initial conditions by exposing an inconsistency between the well-measured expansion history and the growth of structure it predicts. Through a likelihood analysis of current cosmological data that constrain the expansion history, we show that the ΛCDM upper limits on the expected number of massive, distant clusters are nearly identical to limits predicted by all quintessence models where dark energy is a minimally coupled scalar field with a canonical kinetic term. We provide convenient fitting formulas for the confidence level at which the observation of a cluster of mass M at redshift z can falsify ΛCDM and quintessence given cosmological parameter uncertainties and sample variance, as well as for the expected number of such clusters in the light cone and the Eddington bias factor that must be applied to observed masses. By our conservative confidence criteria, which equivalently require masses 3 times larger than typically expected in surveys of a few hundred square degrees, none of the presently known clusters falsify these models. Various systematic errors, including uncertainties in the form of the mass function and differences between supernova light curve fitters, typically shift the exclusion curves by less than 10% in mass, making current statistical and systematic uncertainties in cluster mass determination the most critical factor in assessing falsification of ΛCDM and quintessence.

  15. CO2 emission trade from a fiscal perspective

    International Nuclear Information System (INIS)

    Klaassen, F.A.H.; Derksen, R.T.; Keijel, J.J.C.

    2004-06-01

    The report gives answers to questions as 'are CO2 emission permits assets or supplies?'; how to deal with forward contracts and options in CO2 emission permits 'fiscal-wise'; and 'which are the consequences of CO2 emissions trade for the rebate of pre-taxes?' Als attention is paid to trading system for NOx emission [nl

  16. Noncooperative models of permit markets

    Energy Technology Data Exchange (ETDEWEB)

    Godal, Odd

    2011-07-15

    The applicability of some popular and basic permit market theories has been questioned. Drawing on noncooperative equilibrium theory for pure exchange economies, this article adapts several well-established alternative models to permit exchange. Some qualitative properties of the associated equilibria are provided, including two games with equilibria that in a sense coincide. Nevertheless, as there exist quite a few models potentially applicable to emissions trading, with equilibria that range from autarky to Pareto optimality, it seems that economics lacks a broadly accepted basic theory for permit markets. (Author)

  17. Design and Real Time Implementation of CDM-PI Control System in a Conical Tank Liquid Level Process

    Directory of Open Access Journals (Sweden)

    P. K. Bhaba

    2011-10-01

    Full Text Available The work focuses on the design and real time implementation of Coefficient Diagram Method (CDM based PI (CDM-PI control system for a Conical Tank Liquid Level Process (CTLLP which exhibits severe static non-linear characteristics. By taking this static non-linearity into account, a Wiener Model (WM based CDM-PI control system is developed and implemented in real time operations. The performance of this control system for set point tracking and load disturbance rejection is studied. In addition, the performance is compared with other WM based PI controllers. Real time results clearly show that WM based CDM-PI control system outperforms over the others.

  18. Co-benefits of including CCS projects in the CDM in India's power sector

    International Nuclear Information System (INIS)

    Eto, R.; Murata, A.; Uchiyama, Y.; Okajima, K.

    2013-01-01

    This study examines the effects of the inclusion of the co-benefits on the potential installed capacity of carbon dioxide capture and storage (CCS) projects with a linear programming model by the clean development mechanism (CDM) in India's power sector. It is investigated how different marginal damage costs of air pollutants affect the potential installed capacity of CCS projects in the CDM with a scenario analysis. Three results are found from this analysis. First, large quantity of IGCC with CCS becomes realizable when the certified emission reduction (CER) prices are above US$56/tCO 2 in the integrated Northern, Eastern, Western, and North-Eastern regional grids (NEWNE) and above US $49/tCO 2 in the Southern grid. Second, including co-benefits contributes to decrease CO 2 emissions and air pollutants with introduction of IGCC with CCS in the CDM at lower CER prices. Third, the effects of the co-benefits are limited in the case of CCS because CCS reduces larger amount of CO 2 emissions than that of air pollutants. Total marginal damage costs of air pollutants of US$250/t and US$200/t lead to CER prices of US$1/tCO 2 reduction in the NEWNE grid and the Southern grid. - Highlights: • We estimate effects of co-benefits on installed capacity of CCS projects in the CDM. • We develop a linear programming (LP) model of two grids of India. • Including co-benefits contributes to introduce IGCC with CCS in the CDM at lower CER prices

  19. The Political Economy of International Emissions Trading Scheme Choice

    DEFF Research Database (Denmark)

    Boom, Jan-Tjeerd; Svendsen, Jan Tinggard

    2000-01-01

    The Kyoto Protocol allows emission trade between the Annex B countries. We consider three schemes of emissions trading: government trading, permit trading and credit trading. The schemes are compared in a public choice setting focusing on group size and rent-seeking from interest groups. We find ...

  20. The Most Massive Galaxies and Black Holes Allowed by ΛCDM

    Science.gov (United States)

    Behroozi, Peter; Silk, Joseph

    2018-04-01

    Given a galaxy's stellar mass, its host halo mass has a lower limit from the cosmic baryon fraction and known baryonic physics. At z > 4, galaxy stellar mass functions place lower limits on halo number densities that approach expected ΛCDM halo mass functions. High-redshift galaxy stellar mass functions can thus place interesting limits on number densities of massive haloes, which are otherwise very difficult to measure. Although halo mass functions at z function of redshift given expected halo number densities from ΛCDM. We apply similar arguments to black holes. If their virial mass estimates are accurate, number density constraints alone suggest that the quasars SDSS J1044-0125 and SDSS J010013.02+280225.8 likely have black hole mass — stellar mass ratios higher than the median z = 0 relation, confirming the expectation from Lauer bias. Finally, we present a public code to evaluate the probability of an apparently ΛCDM-inconsistent high-mass halo being detected given the combined effects of multiple surveys and observational errors.

  1. Λ CDM is Consistent with SPARC Radial Acceleration Relation

    Energy Technology Data Exchange (ETDEWEB)

    Keller, B. W.; Wadsley, J. W., E-mail: kellerbw@mcmaster.ca [Department of Physics and Astronomy, McMaster University, Hamilton, ON L8S 4M1 (Canada)

    2017-01-20

    Recent analysis of the Spitzer Photometry and Accurate Rotation Curve (SPARC) galaxy sample found a surprisingly tight relation between the radial acceleration inferred from the rotation curves and the acceleration due to the baryonic components of the disk. It has been suggested that this relation may be evidence for new physics, beyond Λ CDM . In this Letter, we show that 32 galaxies from the MUGS2 match the SPARC acceleration relation. These cosmological simulations of star-forming, rotationally supported disks were simulated with a WMAP3 Λ CDM cosmology, and match the SPARC acceleration relation with less scatter than the observational data. These results show that this acceleration relation is a consequence of dissipative collapse of baryons, rather than being evidence for exotic dark-sector physics or new dynamical laws.

  2. Tradeable CO2 emission permits. A quantitative analysis of a TEP system between Annex I countries

    International Nuclear Information System (INIS)

    Koutstaal, P.R.; Kram, T.; Van Rooijen, S.N.M.

    1997-11-01

    Tradeable emission permits can be a cost-effective way to achieve emission reductions between countries or firms. In this study, the role of trading CO 2 emission permits between the Annex I countries of the FCCC is analysed. It is assumed that only countries are allowed to trade and that there is a perfect market without transaction costs and strategic behaviour. For several cases, the consequences for abatement costs, before and after trade, the volume of permits traded and emissions per capita are studied. Moreover, the gains from trade are determined. This study was undertaken before the Kyoto conference, therefore as a starting point for the different cases it was assumed that all countries should reduce their emissions with 10%. The cases studied are: a flat rate of 10% for each country; the differentiated EU distribution combined with a 10% reduction for the other OECD countries; and the so-called Triptych approach applied to all OECD countries. Two trading systems are considered, one covering only the OECD countries and one which also covers Middle and Eastern European countries (in a simplified way). Furthermore, two extreme cases are studied for the OECD trading scheme: equal costs (after trade) per unit of GNP and equal emission per capita (before trade). Tradeable emission permits will considerably reduce total costs compared with no trade by about 50%. The EU will considerably reduce total costs compared with no trade by about 50%. The EU will be a net exporter of permits in an OECD trading scheme (without Middle and Eastern Europe), mainly because the low costs possibilities for reduction of CO 2 emissions in Germany and the United Kingdom. 13 refs

  3. Establishing a National Authority (NA) for the Clean Development Mechanism (CDM). The Costa Rican Experience

    International Nuclear Information System (INIS)

    Manso, P.

    2003-01-01

    The challenge of climate change is now a global issue and part of the international agenda. The Kyoto Protocol (KP) and its provisions for flexible mechanisms have provided a framework for an effective and equitable global response. Among these instruments, the Clean Development Mechanism (CDM) using the market as its driven force has the potential to not only contribute to the ultimate objective of the UN Framework Convention on Climate Change (UNFCCC), but also encourage developing countries to move their economic growth under a less carbon-intensive development path. A flexible mechanism such as the CDM, the surprise on the KP menu, has never been attempted before and it is a clear case where lessons can only be learned by doing and every mistake is a valuable lesson learned. One lesson already learned is that host countries that established national oversight entities during the pilot phase of Activities Implemented Jointly (AIJ) were remarkably more successful in accessing its benefits than countries that had not. Now, setting-up a National Authority (NA) is a compulsory requirement for all developing countries wishing to participate in the CDM. The scope of this paper is to present a guide for those developing countries willing to develop its institutional capacity needed to participate in the CDM. Required framework conditions for CDM projects, roles of the NA in the CDM project cycle, possible structures of and tasks to be performed by the NA, steps in creating a NA and challenges of its institutionalisation, are considered from the perspective of a developing country

  4. Local involvement in CDM biogas projects: Argentine experiences

    NARCIS (Netherlands)

    Serna Martín, A.; Dietz, T.

    2008-01-01

    Mitigating climate change and contributing to the sustainable development of host countries are the goals of the CDM. In order to achieve these goals, projects follow an implementation chain, which starts with the design and ends with the issuance of Certified Emission Reductions (CERs). During the

  5. Assessment of CO2 emission reduction and identification of CDM potential in a township

    Energy Technology Data Exchange (ETDEWEB)

    Misra, R.; Aseri, Tarun Kumar; Jamuwa, Doraj Karnal [Department of Mechanical Engineering, Government Engineering College, Ajmer, Rajasthan (India); Bansal, V. [Department of Mechanical Engineering, Government Mahila Engineering College, Ajmer, Rajasthan (India)

    2012-11-15

    This paper presents the theoretical investigation of CDM opportunity in a township at Jaipur, India. The purpose of study is to identify and analyze the various opportunities viz., installation of solar water heater, energy efficient lighting, energy efficient air conditioners, and energy efficient submersible water pumps in desert coolers and thus achieve a considerable (65.7 %) reduction in GHG emissions. Out of the various opportunities considered, the retrofitting with solar water heater can be recommended for CDM. Though, the retrofitting with energy efficient lighting, energy efficient air conditioners and energy efficient submersible water pumps in desert coolers claimed CO2 emission reduction of 104.84, 25.92, and 36.94 tons per annum, respectively, but the only opportunity which got through CDM was retrofitting with solar water heater claiming 115.70 tCO2 (100 %) emission reductions per annum which could result into net earnings of 115.70 CERs. The simple and discounted payback period for all four project activities are also calculated with and without CDM and tax benefits.

  6. Sustainable waste management in Africa through CDM projects.

    Science.gov (United States)

    Couth, R; Trois, C

    2012-11-01

    Only few Clean Development Mechanism (CDM) projects (traditionally focussed on landfill gas combustion) have been registered in Africa if compared to similar developing countries. The waste hierarchy adopted by many African countries clearly shows that waste recycling and composting projects are generally the most sustainable. This paper undertakes a sustainability assessment for practical waste treatment and disposal scenarios for Africa and makes recommendations for consideration. The appraisal in this paper demonstrates that mechanical biological treatment of waste becomes more financially attractive if established through the CDM process. Waste will continue to be dumped in Africa with increasing greenhouse gas emissions produced, unless industrialised countries (Annex 1) fund carbon emission reduction schemes through a replacement to the Kyoto Protocol. Such a replacement should calculate all of the direct and indirect carbon emission savings and seek to promote public-private partnerships through a concerted support of the informal sector. Copyright © 2012 Elsevier Ltd. All rights reserved.

  7. Addressing carbon Offsetters’ Paradox: Lessons from Chinese wind CDM

    International Nuclear Information System (INIS)

    He, Gang; Morse, Richard

    2013-01-01

    The clean development mechanism (CDM) has been a leading international carbon market and a driving force for sustainable development. But the eruption of controversy over offsets from Chinese wind power in 2009 exposed cracks at the core of how carbon credits are verified in the developing economies. The Chinese wind controversy therefore has direct implications for the design and negotiation of any successor to the Kyoto Protocol or future market-based carbon regimes. In order for carbon markets to avoid controversy and function effectively, the lessons from the Chinese wind controversy should be used to implement key reforms in current and future carbon policy design. The paper examines the application of additionality in the Chinese wind power market and draws implications for the design of effective global carbon offset policy. It demonstrates the causes of the wind power controversy, highlights underlying structural flaws, in how additionality is applied in China, the Offsetters' Paradox, and charts a reform path that can strengthen the credibility of global carbon markets. - Highlights: • We investigated 143 Chinese wind CDM projects by the eruption of the additionality controversy. • We examined the application of additionality in the Chinese wind power market. • We drew implications for the design of effective global carbon offset policy. • The underlying structural flaws of CDM, the Offsetters′ Paradox, was discussed. • We charted a reform path that can strengthen the credibility of global carbon markets

  8. Transaction costs of unilateral CDM projects in India-results from an empirical survey

    International Nuclear Information System (INIS)

    Krey, Matthias

    2005-01-01

    Recently, transaction costs in the context of the Clean Development Mechanism (CDM) gained considerable attention as they were generally perceived to be significantly higher than for the other Kyoto Mechanisms. However, empirical evidence on the amount of transaction costs of CDM projects is very scarce. This paper presents the results from an empirical survey designed to quantify transaction costs of potential non-sink CDM projects in India. The definition of transaction costs of CDM projects was derived from recent literature and observations made in the current market for Certified Emission Reductions (CERs). During the survey, parts of transaction costs of 15 projects were quantified. An assessment of the results showed that specific transaction costs depend, to a large extent, on economies of scale in terms of total amount of CERs generated over the crediting period. Total transaction costs were quantified for seven projects. The costs range from 0.07 to 0.47 dollar/t CO 2 . As the projects have an emission reduction between 0.24 Mt CO 2 and 5.00 Mt CO 2 over the crediting period, the results support the assumption of Michaelowa et al. (Climate Policy 3 (2003) 273) that projects with emission reductions smaller than 0.20 Mt CO 2 are not economically viable at current CER prices

  9. Southern African Development Community (SADC) trade legal ...

    African Journals Online (AJOL)

    Article XXIV of the General Agreement on Tariffs and Trade (GATT) lays down the legal principles with which regional trade agreements have to conform. Based on these principles, WTO members have the mandate to determine the legality of Regional Trade Agreements (RTAs) under the GATT. Article XXIV permits both ...

  10. Wind power projects in the CDM: Methodologies and tools for baselines, carbon financing and substainability analysis

    DEFF Research Database (Denmark)

    Ringius, L.; Grohnheit, Poul Erik; Nielsen, Lars Henrik

    2002-01-01

    and implications of the various methodologies and approaches in a concrete context, Africa's largest wind farm-namely the 60 MW wind farm located in Zafarana,Egypt is examined as a hypothetical CDM wind power project The report shows that for the present case example there is a difference of about 25% between......The report is intended to be a guidance document for project developers, investors, lenders, and CDM host countries involved in wind power projects in the CDM. The report explores in particular those issues that are important in CDM project assessment anddevelopment - that is, baseline development......, carbon financing, and environmental sustainability. It does not deal in detail with those issues that are routinely covered in a standard wind power project assessment. The report tests, compares, andrecommends methodologies for and approaches to baseline development. To present the application...

  11. CDM using a Cross-Country Micro Moments Database

    NARCIS (Netherlands)

    Bartelsman, E.J.; van Leeuwen, G.; Polder, M.

    2017-01-01

    This note starts with a retrospective view of the CDM model [Crépon, Bruno, Emmanuel Duguet, and Jacques Mairesse. 1998. “Research, Innovation and Productivity: An Econometric Analysis at the Firm Level.” Economics of Innovation and New Technology 7 (2): 115–158.] as an econometric framework for

  12. A new recipe for Λ CDM

    International Nuclear Information System (INIS)

    Sahni, Varun; Sen, Anjan A.

    2017-01-01

    It is well known that a canonical scalar field is able to describe either dark matter or dark energy but not both. We demonstrate that a non-canonical scalar field can describe both dark matter and dark energy within a unified setting. We consider the simplest extension of the canonical Lagrangian L ∝ X"α - V(φ) where α ≥ 1 and V is a sufficiently flat potential. In this case the kinetic term in the Lagrangian behaves just like a perfect fluid, whereas the potential term mimicks dark energy. For very large values, α >> 1, the equation of state of the kinetic term drops to zero and the universe expands as if filled with a mixture of dark matter and dark energy. The velocity of sound in this model and the associated gravitational clustering are sensitive to the value of α. For very large values of α the clustering properties of our model resemble those of cold dark matter (CDM). But for smaller values of α, gravitational clustering on small scales is suppressed, and our model has properties resembling those of warm dark matter (WDM). Therefore our non-canonical model has an interesting new property: its expansion history resembles Λ CDM, while its clustering properties are akin to those of either cold or warm dark matter. (orig.)

  13. A new recipe for Λ CDM

    Energy Technology Data Exchange (ETDEWEB)

    Sahni, Varun [Inter-University Centre for Astronomy and Astrophysics, Pune (India); Sen, Anjan A. [Jamia Millia Islamia, Centre for Theoretical Physics, New Delhi (India)

    2017-04-15

    It is well known that a canonical scalar field is able to describe either dark matter or dark energy but not both. We demonstrate that a non-canonical scalar field can describe both dark matter and dark energy within a unified setting. We consider the simplest extension of the canonical Lagrangian L ∝ X{sup α} - V(φ) where α ≥ 1 and V is a sufficiently flat potential. In this case the kinetic term in the Lagrangian behaves just like a perfect fluid, whereas the potential term mimicks dark energy. For very large values, α >> 1, the equation of state of the kinetic term drops to zero and the universe expands as if filled with a mixture of dark matter and dark energy. The velocity of sound in this model and the associated gravitational clustering are sensitive to the value of α. For very large values of α the clustering properties of our model resemble those of cold dark matter (CDM). But for smaller values of α, gravitational clustering on small scales is suppressed, and our model has properties resembling those of warm dark matter (WDM). Therefore our non-canonical model has an interesting new property: its expansion history resembles Λ CDM, while its clustering properties are akin to those of either cold or warm dark matter. (orig.)

  14. How to falsify the GR+ΛCDM model with galaxy redshift surveys

    International Nuclear Information System (INIS)

    Acquaviva, Viviana; Gawiser, Eric

    2010-01-01

    A wide range of models describing modifications to general relativity have been proposed, but no fundamental parameter set exists to describe them. Similarly, no fundamental theory exists for dark energy to parametrize its potential deviation from a cosmological constant. This motivates a model-independent search for deviations from the concordance GR+ΛCDM cosmological model in large galaxy redshift surveys. We describe two model-independent tests of the growth of cosmological structure, in the form of quantities that must equal one if GR+ΛCDM is correct. The first, ε, was introduced previously as a scale-independent consistency check between the expansion history and structure growth. The second, υ, is introduced here as a test of scale-dependence in the linear evolution of matter density perturbations. We show that the ongoing and near-future galaxy redshift surveys WiggleZ, BOSS, and HETDEX will constrain these quantities at the 5-10% level, representing a stringent test of concordance cosmology at different redshifts. When redshift space distortions are used to probe the growth of cosmological structure, galaxies at higher redshift with lower bias are found to be most powerful in detecting the presence of deviations from the GR+ΛCDM model. However, because many dark energy or modified gravity models predict consistency with GR+ΛCDM at high redshift, it is desirable to apply this approach to surveys covering a wide range of redshifts and spatial scales.

  15. How to design greenhouse gas trading in the EU?

    DEFF Research Database (Denmark)

    Svendsen, Gert Tinggaard; Vesterdal, Morten

    2001-01-01

    A new and remarkable Green Paper about how to trade Greenhouse gases (GHG) in the EU has recently been published by the Commission of the European Union. This to achieve the stated 8% reduction target level. The Green Paper raises ten questions about how greenhouse gas permit trading should...... be designed in the EU before year 2005. These ten questions can be compressed into four main issues, namely target group, allocation of emission allowances, how to mix emission trading with other instruments and fourth enforcement. In the literature, there is a strong need to guide decision...... concerning the future design of GHG permit trading in the EU....

  16. How to Design Greenhouse Gas Trading in the EU?

    DEFF Research Database (Denmark)

    Svendsen, Gert Tinggaard; Vesterdal, Morten

    2003-01-01

    A new and remarkable Green Paper about how to trade Greenhouse gases (GHG) in the EU has recently been published by the Commission of the European Union. This to achieve the stated 8% reduction target level. The Green Paper raises ten questions about how greenhouse gas permit trading should...... be designed in the EU before year 2005. These ten questions can be compressed into four main issues, namely target group, allocation of emission allowances, how to mix emission trading with other instruments and fourth enforcement. In the literature, there is a strong need to guide decision...... concerning the future design of GHG permit trading in the EU. Udgivelsesdato: NOV...

  17. Small Scale Problems of the ΛCDM Model: A Short Review

    Directory of Open Access Journals (Sweden)

    Antonino Del Popolo

    2017-02-01

    Full Text Available The ΛCDM model, or concordance cosmology, as it is often called, is a paradigm at its maturity. It is clearly able to describe the universe at large scale, even if some issues remain open, such as the cosmological constant problem, the small-scale problems in galaxy formation, or the unexplained anomalies in the CMB. ΛCDM clearly shows difficulty at small scales, which could be related to our scant understanding, from the nature of dark matter to that of gravity; or to the role of baryon physics, which is not well understood and implemented in simulation codes or in semi-analytic models. At this stage, it is of fundamental importance to understand whether the problems encountered by the ΛDCM model are a sign of its limits or a sign of our failures in getting the finer details right. In the present paper, we will review the small-scale problems of the ΛCDM model, and we will discuss the proposed solutions and to what extent they are able to give us a theory accurately describing the phenomena in the complete range of scale of the observed universe.

  18. CDM: Teaching Discrete Mathematics to Computer Science Majors

    Science.gov (United States)

    Sutner, Klaus

    2005-01-01

    CDM, for computational discrete mathematics, is a course that attempts to teach a number of topics in discrete mathematics to computer science majors. The course abandons the classical definition-theorem-proof model, and instead relies heavily on computation as a source of motivation and also for experimentation and illustration. The emphasis on…

  19. Stochastic backgrounds of relic gravitons, T$\\Lambda$CDM paradigm and the stiff ages

    CERN Document Server

    Giovannini, Massimo

    2008-01-01

    Absent any indirect tests on the thermal history of the Universe prior to the formation of light nuclear elements, it is legitimate to investigate situations where, before nucleosyntheis, the sound speed of the plasma was larger than $c/\\sqrt{3}$, at most equalling the speed of light $c$. In this plausible extension of the current cosmological paradigm, hereby dubbed Tensor-$\\Lambda$CDM (i.e. T$\\Lambda$CDM) scenario, high-frequency gravitons are copiously produced. Without conflicting with the bounds on the tensor to scalar ratio stemming from the combined analysis of the three standard cosmological data sets (i.e. cosmic microwave background anisotropies, large-scale structure and supenovae), the spectral energy density of the relic gravitons in the T$\\Lambda$CDM scenario can be potentially observable by wide-band interferometers (in their advanced version) operating in a frequency window which ranges between few Hz and few kHz.

  20. Can f(T) gravity theories mimic ΛCDM cosmic history

    Energy Technology Data Exchange (ETDEWEB)

    Setare, M.R.; Mohammadipour, N., E-mail: rezakord@ipm.ir, E-mail: N.Mohammadipour@uok.ac.ir [Department of Science, University of Kurdistan, Sanandaj (Iran, Islamic Republic of)

    2013-01-01

    Recently the teleparallel Lagrangian density described by the torsion scalar T has been extended to a function of T. The f(T) modified teleparallel gravity has been proposed as the natural gravitational alternative for dark energy to explain the late time acceleration of the universe. In order to reconstruct the function f(T) by demanding a background ΛCDM cosmology we assume that, (i) the background cosmic history provided by the flat ΛCDM (the radiation ere with ω{sub eff} = (1/3), matter and de Sitter eras with ω{sub eff} = 0 and ω{sub eff} = −1, respectively) (ii) the radiation dominate in the radiation era with Ω{sub 0r} = 1 and the matter dominate during the matter phases when Ω{sub 0m} = 1. We find the cosmological dynamical system which can obey the ΛCDM cosmic history. In each era, we find a critical lines that, the radiation dominated and the matter dominated are one points of them in the radiation and matter phases, respectively. Also, we drive the cosmologically viability condition for these models. We investigate the stability condition with respect to the homogeneous scalar perturbations in each era and we obtain the stability conditions for the fixed points in each eras. Finally, we reconstruct the function f(T) which mimics cosmic expansion history.

  1. Constraints on Λ(t)CDM models as holographic and agegraphic dark energy with the observational Hubble parameter data

    Energy Technology Data Exchange (ETDEWEB)

    Zhai, Zhong-Xu; Liu, Wen-Biao [Department of Physics, Institute of Theoretical Physics, Beijing Normal University, Beijing, 100875 (China); Zhang, Tong-Jie, E-mail: zzx@mail.bnu.edu.cn, E-mail: tjzhang@bnu.edu.cn, E-mail: wbliu@bnu.edu.cn [Department of Astronomy, Beijing Normal University, Beijing, 100875 (China)

    2011-08-01

    The newly released observational H(z) data (OHD) is used to constrain Λ(t)CDM models as holographic and agegraphic dark energy. By the use of the length scale and time scale as the IR cut-off including Hubble horizon (HH), future event horizon (FEH), age of the universe (AU), and conformal time (CT), we achieve four different Λ(t)CDM models which can describe the present cosmological acceleration respectively. In order to get a comparison between such Λ(t)CDM models and standard ΛCDM model, we use the information criteria (IC), Om(z) diagnostic, and statefinder diagnostic to measure the deviations. Furthermore, by simulating a larger Hubble parameter data sample in the redshift range of 0.1 < z < 2.0, we get the improved constraints and more sufficient comparison. We show that OHD is not only able to play almost the same role in constraining cosmological parameters as SNe Ia does but also provides the effective measurement of the deviation of the DE models from standard ΛCDM model. In the holographic and agegraphic scenarios, the results indicate that the FEH is more preferable than HH scenario. However, both two time scenarios show better approximations to ΛCDM model than the length scenarios.

  2. Distinguishing CDM dwarfs from SIDM dwarfs in baryonic simulations

    Science.gov (United States)

    Strickland, Emily; Fitts, Alex B.; Boylan-Kolchin, Michael

    2017-06-01

    Dwarf galaxies in the nearby Universe are the most dark-matter-dominated systems known. They are therefore natural probes of the nature of dark matter, which remains unknown. Our collaboration has performed several high-resolution cosmological zoom-in simulations of isolated dwarf galaxies. We simulate each galaxy in standard cold dark matter (ΛCDM) as well as self-interacting dark matter (SIDM, with a cross section of σ/m ~ 1 cm2/g), both with and without baryons, in order to identify distinguishing characteristics between the two. The simulations are run using GIZMO, a meshless-finite-mass hydrodynamical code, and are part of the Feedback in Realistic Environments (FIRE) project. By analyzing both the global properties and inner structure of the dwarfs in varying dark matter prescriptions, we provide a side-by-side comparison of isolated, dark-matter-dominated galaxies at the mass scale where differences in the two models of dark matter are thought to be the most obvious. We find that the edge of classical dwarfs and ultra-faint dwarfs (at stellar masses of ~105 solar masses) provides the clearest window for distinguishing between the two theories. At these low masses, our SIDM galaxies have a cored inner density profile, while their CDM counterparts have “cuspy” centers. The SIDM versions of each galaxy also have measurably lower stellar velocity dispersions than their CDM counterparts. Future observations of ultra faint dwarfs with JWST and 30-m telescopes will be able to discern whether such alternate theories of dark matter are viable.

  3. Reduction of greenhouse gas in power industry by emission trading system

    Energy Technology Data Exchange (ETDEWEB)

    Lee, Eun Myung; Lee, Kee Hoon [Korea Energy Economics Institute, Euiwang (Korea)

    1999-04-01

    The rules governing their implementation and operation for implementing the Kyoto Protocol including emissions permit trading, project-based credit trading and the Clean Development Mechanism are to be decided at future talks. How these policies are eventually designed will determine the effectiveness of the Protocol. However, it has been passive and insufficient to deal with the Kyoto Protocol since there is no obligation on reduction of greenhouse gas emissions. Therefore, the issues on emissions permit trading are analyzed and the strategies for utilizing the Kyoto mechanism effectively are presented through reviewing the existing negotiation strategies. Moreover, how to use emissions permit trading in the power industry, the largest greenhouse gas emissions industry, is examined by dividing into two sections, domestic and abroad. (author). 62 refs., 2 figs., 42 tabs.

  4. A quantitative analysis of the cost-effectiveness of project types in the CDM pipeline

    Energy Technology Data Exchange (ETDEWEB)

    Green, Gavin A.

    2008-09-15

    The flexibility of the CDM is intended to reduce the cost of compliance for Annex 1 countries and contribute to cost-effective reductions. This paper provides a framework for defining cost-effective payments for CDM carbon reductions. The projects in the CDM pipeline are categorised into project types. The data provided in the Project Design Documents is quantitatively assessed to calculate the median cost and range of costs for producing a CER from the project categories. These are measured against the range of prices in the market in order to estimate the level of cost-effectiveness. Global warming potential and size of the project were shown to be key factors in the cost of producing a CER. The results show that although prices for CERs are difficult to define in the primary CER market, many of the project categories generated CERs at a cost well below the lowest market price. The difference in these two values is defined as a loss in cost-effectiveness. The CDM is shown to be successful at developing the 'lowest hanging fruit' but the mechanism could be improved to fulfil the goal of cost-effectiveness by linking the price per CER to the cost of generating a CER. (au)

  5. CDM (Clean Development Mechanism) opportunities for the oil and gas sector

    Energy Technology Data Exchange (ETDEWEB)

    Franco, Joana Chiavari [FEEM - Fondazione Eni Enrico Mattei, Milan (Italy). Eni/Agip Group

    2004-07-01

    Due to the broad impact of legislation limiting greenhouse gas emissions and the increasing public awareness concerning the environment, the oil industry has been currently incorporating climate change considerations in its corporate strategy. However, compliance in the carbon constrained economy does not merely represent a cost issue; it also represents an opportunity. Projects developed under the Clean Development Mechanism (CDM) in particular represent an incentive both for companies and governments to invest in emission reduction projects in developing countries and earn carbon credits, while promoting sustainable development. The oil industry is characterized by a high emission reduction potential and is able to deliver to the market an amount of credits which is by far higher than the amount that most projects developers are able to offer. However some critical issues, such as the current interpretation of the additionally concept, may represent a barrier for the full utilization of such mechanism, particularly regarding petroleum-sector projects, thus reducing the benefits the CDM can actually produce. Considering that a very large number of CDM projects may be needed for the implementation of a successful climate policy, the engagement of the oil industry on the Kyoto mechanisms is very important and auspicial. (author)

  6. Greenhouse gas emissions trading and project-based mechanisms. Proceedings - CATEP

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2004-01-01

    Greenhouse gas emissions trading and project-based mechanisms for greenhouse gas reduction are emerging market-based instruments for climate change policy. This book presents a selection of papers from an international workshop co-sponsored by the OECD and Concerted Action on Tradeable Emissions Permits (CATEP), to discuss key research and policy issues relating to the design and implementation of these instruments. The papers cover the experience of developing and transition countries with greenhouse gas emissions trading and project-based mechanisms. In addition, the papers examine the use of tradeable permits in policy mixes and harmonisation of emissions trading schemes, as well as transition issues relating to greenhouse gas emissions trading markets.

  7. Emissions trading for business and industry. A new instrument to achieve environmental goals

    International Nuclear Information System (INIS)

    2001-05-01

    Key components of the Kyoto Protocol are the flexible instruments or mechanisms: namely trading emissions, Joint Implementation and the Clean Development Mechanism. These mechanisms make it possible to trade in CO2 emissions or emission permits, thereby enabling the Kyoto Protocol targets that have been imposed on all states, to be attained in the most cost-effective way. Although the Kyoto targets are binding only on states, it is likely that governments will pass responsibility for meeting them on to specific target groups and impose absolute or relative (energy efficiency or CO2 per unit) targets on them. Flexible instruments, especially Joint Implementation (JI) and the Clean Development Mechanism (CDM), can also be used by companies to achieve their emission targets. Until now, the VNO-NCW Confederation of Netherlands Industry has generally been positive about the use of flexible instruments. However, various developments have persuaded the VNO-NCW that it is a good idea to examine more specific questions with regard to flexible instruments. First, the CO2 trade committee (the Vogtlaender Committee) has been asked to issue recommendations concerning the possibilities inherent in a national system for emissions trading. A basic variant will be explored, in which protected sectors (households, the service industry, small industrial enterprises) will be assigned absolute ceilings and internationally operating companies will be assigned with relative targets. Second, in March 2000 the European Commission published a Green Paper on trade in greenhouse gas emissions within the European Union in order to launch an European Union (EU)-wide debate on the introduction of an EU system for trade in emissions in 2005. In common with the Netherlands, various EU member states are studying the possibilities for phasing in a system of trade in CO2 emissions; only in Denmark has such a system actually been introduced. In industry, too, many initiatives have been taken in

  8. LULUCF-based CDM. Too much ado for a small carbon market

    International Nuclear Information System (INIS)

    Bernoux, M.; Feller, C.; Eschenbrenner, V.; Cerri, C.C.; Melillo, J.M.

    2002-01-01

    The Bonn agreement reached in July at the sixth conference of the parties (COP) to the FCCC states 'that for the first commitment period, the total of additions to and subtractions from the assigned amount of a party resulting from eligible LULUCF activities under Article 12 (i.e. CDM), shall not exceed 1% of base-year emissions of that party, times five'. The most probable size of this LULUCF-CDM (land use, land-use change and forestry - clean development mechanism) market is analyzed in light of each Annex I party's actual and projected emissions and policies. Results show that the market size would be only about 110 Mt CO2 eq. for 2000-2012, representing a maximum global market value of about US$ 876 million

  9. Sustainable waste management in Africa through CDM projects

    Energy Technology Data Exchange (ETDEWEB)

    Couth, R. [CRECHE, Centre for Research in Environmental, Coastal and Hydrological Engineering, School of Engineering, University of KwaZulu-Natal, Durban 4041 (South Africa); Trois, C., E-mail: troisc@ukzn.ac.za [CRECHE, Centre for Research in Environmental, Coastal and Hydrological Engineering, School of Engineering, University of KwaZulu-Natal, Durban 4041 (South Africa)

    2012-11-15

    Highlights: Black-Right-Pointing-Pointer This is a compendium on GHG reductions via improved waste strategies in Africa. Black-Right-Pointing-Pointer This note provides a strategic framework for Local Authorities in Africa. Black-Right-Pointing-Pointer Assists LAs to select Zero Waste scenarios and achieve sustained GHG reduction. - Abstract: Only few Clean Development Mechanism (CDM) projects (traditionally focussed on landfill gas combustion) have been registered in Africa if compared to similar developing countries. The waste hierarchy adopted by many African countries clearly shows that waste recycling and composting projects are generally the most sustainable. This paper undertakes a sustainability assessment for practical waste treatment and disposal scenarios for Africa and makes recommendations for consideration. The appraisal in this paper demonstrates that mechanical biological treatment of waste becomes more financially attractive if established through the CDM process. Waste will continue to be dumped in Africa with increasing greenhouse gas emissions produced, unless industrialised countries (Annex 1) fund carbon emission reduction schemes through a replacement to the Kyoto Protocol. Such a replacement should calculate all of the direct and indirect carbon emission savings and seek to promote public-private partnerships through a concerted support of the informal sector.

  10. Cooperation in environmental protection. The economics of green trade, market-based instruments and community involvement

    International Nuclear Information System (INIS)

    Roettgers, Dirk

    2013-01-01

    The Millennium Development Goals (United Nations, 2000) and, by extension, such efforts as the Convention on Biological Diversity and the Kyoto Protocol (Kyoto Protocol, 1997), present mankind with a challenge that can only be overcome through cooperation. Cooperative policies are necessary from the highest level, i.e. international policies and treaties, to regional and national agreements, down to the local level, where policies are actually enacted. To close some gaps in the understanding of applicable policy instruments, this dissertation looks at a few key topics of environmental protection with implications for market-based instruments. The five different research areas are (1) EU bioenergy trade, (2) Clean Development Mechanism (CDM), (3) comparison of the effectiveness of product certification, ecosystem certification and offset mechanisms in wetland ecosystems, (4) international market-based instruments for African protected areas and (5) local stakeholder decision making in rural ecosystems of developing countries. Bioenergy consumption, production and trade have been increasing worldwide in the recent decade, mostly due to demand from EU countries and the USA. Taking the example of the EU, it is questionable if these trade flows are caused mainly by EU trade rules or targeted bioenergy policies. A sector-specific analysis taking industry patterns into consideration is necessary to evaluate the impact of these two policy areas on trade flows. A common way to analyze trade flows is the gravity model, which is employed here. This dissertation finds out why that is by using a gravity model to analyze flows of Certified Emission Reductions (CERs) between host and financier countries. The special roles of foreign direct investments (FDI), official development aid (ODA) and trade are scrutinized closely in this context. Findings show that FDI, ODA and trade have a positive influence on project attraction, even when holding determinants of these factors constant

  11. Gravitational wave memory in ΛCDM cosmology

    International Nuclear Information System (INIS)

    Bieri, Lydia; Garfinkle, David; Yunes, Nicolás

    2017-01-01

    We examine gravitational wave memory in the case where sources and detector are in a ΛCDM cosmology. We consider the case where the Universe can be highly inhomogeneous, but gravitational radiation is treated in the short wavelength approximation. We find results very similar to those of gravitational wave memory in an asymptotically flat spacetime; however, the overall magnitude of the memory effect is enhanced by a redshift-dependent factor. In addition, we find the memory can be affected by lensing. (paper)

  12. The efficiency and equity of marketable permits for CO2 emissions

    International Nuclear Information System (INIS)

    Rose, A.; Stevens, B.

    1993-01-01

    This paper examines the efficiency and equity implications of alternative assignments of marketable permits for carbon dioxide. A non-linear programming model is used to estimate the net welfare changes of permit allocations based on Sovereignty and Rawlsian equity criteria for 8 countries/regions covering the spectrum of economic development levels. The net welfare gains associated with an overall 20% reduction in CO 2 emissions are estimated to be nearly 20 billion dollars, an increase of several billion dollars over a system of inflexible emission quotas requiring 20% abatement in each country. Also, although the welfare changes implied by alternative permit assignments may vary greatly between countries before trading, the trading process significantly reduces the disparities. This result stems from the Coase Theorem, which implies a uniquely efficient outcome. That is, individual country abatement levels and, hence, costs, are the same under all permit assignments after trading, and net welfare for a given nation differs only by the amount of permit revenues/expenditures associated with the application of alternative equity criteria. Foremost among the paper's policy implications is that although equity criteria may differ significantly in principle, their welfare implications in practice may be very similar for various subsets of these criteria. This should reduce tensions at the bargaining table and facilitate the negotiation of greenhouse gas agreements. 52 refs., 3 figs., 8 tabs

  13. BP's emissions trading system

    International Nuclear Information System (INIS)

    Victor, David G.; House, Joshua C.

    2006-01-01

    Between 1998 and 2001, BP reduced its emissions of greenhouse gases by more than 10%. BP's success in cutting emissions is often equated with its use of an apparently market-based emissions trading program. However no independent study has ever examined the rules and operation of BP's system and the incentives acting on managers to reduce emissions. We use interviews with key managers and with traders in several critical business units to explore the bound of BP's success with emissions trading. No money actually changed hands when permits were traded, and the main effect of the program was to create awareness of money-saving emission controls rather than strong price incentives. We show that the trading system did not operate like a 'textbook' cap and trade scheme. Rather, the BP system operated much like a 'safety valve' trading system, where managers let the market function until the cost of doing so surpassed what the company was willing to tolerate

  14. The CO_2 emission permits market simulation using Continuous Double Auction

    International Nuclear Information System (INIS)

    Bartoszczuk, Pawel; Stanczak, Jaroslaw

    2016-01-01

    In this paper we consider the buying and selling prices of carbon dioxide (CO_2) emission permits in trading models with uncertainty. Permission prices, although usually omitted from standard models, may significantly influence the trading market. We thus construct a more realistic trade model. To do this, we introduced several important changes to the standard model, mainly we added The Continuous Double Action.

  15. Financing Structures for CDM Projects in India and Capacity Building Options for EU-Indo Collaboration

    OpenAIRE

    Krey, Matthias; Michaelowa, Axel; Deodhar, Vinay

    2003-01-01

    The Clean Development Mechanism (CDM) under the Kyoto Protocol to the UN Framework Convention on Climate Change (UNFCCC) enables industrialized countries to meet a part of their emission reduction requirements through purchase of emission reduction credits from projects in developing countries. Various studies have concluded that India is likely to be one of the major countries supplying such projects. However, in order that a large number of high-quality CDM projects is developed and result ...

  16. [Emissions trading potential : achieving emission reductions in a cost-effective manner

    International Nuclear Information System (INIS)

    Fay, K.

    1998-01-01

    The issue of emissions trading as a viable tool to reduce greenhouse gas emissions by developed countries was discussed. The essence of this author's argument was that emissions trading alone will not solve the climate change problem and that the details of the program are hazy at best. In order to have any hope of meeting the emission reductions, it is essential to begin working out the details now, and to coordinate them with the Clean Development Mechanism (CDM) and Joint Implementation (JI) plan since all three of these flexibility mechanisms will be working in and among themselves, therefore they need to be consistent. Work on a general set of draft principles by the International Climate Change Partnership (ICCP), a coalition headquartered in Washington, DC, was summarized. Essentially, ICCP favors voluntary programs, incentives for participation, no quantitative limits on trading, no limits on sources and sinks. ICCP believes that trading should be allowed at the company level, and liability should not devolve on the buyer alone, rather, it should be negotiated between buyers and sellers. Credits for early action should also be tradable and most of all, the trading program should be simple to allow active participation by industry, and be free of bureaucratic impediments

  17. Technology transfer to Africa: constraints for CDM operations

    International Nuclear Information System (INIS)

    Karani, Patrick

    2002-01-01

    It is practically difficult to design, implement and manage Clean Development Mechanism (CDM) projects in Africa without a provision for capacity building that will enable the application of modern technologies and techniques. Existing institutions need strengthening, human capacity needs to be developed and new markets need to be promoted. The author outlines institutional and market constraints in relation to technology transfer (e.g renewable energy technologies) and development in Africa. (Author)

  18. The promotion of sustainable development in China through the optimization of a tax/subsidy plan among HFC and power generation CDM projects

    International Nuclear Information System (INIS)

    Resnier, Martin; Wang, Can; Du, Pengfei; Chen, Jining

    2007-01-01

    China is expected to reach record growth by 2020 in the energy sector by at least doubling its electricity generation capacity. In order to protect the environment and foster economic development, China will greatly benefit from transfers of state-of-the-art power generation technologies through international agreements such as the Clean Development Mechanism (CDM). However, a buyer-driven carbon market and a highly competitive environment due to more cost-effective projects attribute to China's need to achieve a balance between sustainability and profitability for CDM projects implemented in China. In the CDM Tax/Subsidy Optimization Model (CDMTSO Model) here developed, a sustainable development assessment method evaluates the CDM projects' economic and environmental benefits and an optimization program returns tax/subsidy rates at which the greatest number of CDM technologies becomes viable and where 'better' CDM projects can be the most profitable, bringing China's development on a more sustainable path. The results show that the CDMTSO Model brings the sustainable CDM projects' Internal Rate of Return closed to 10%. If a discount rate of 9% is considered, it allows three clean energy technologies (natural gas combined cycle, wind energy, and hydropower) to become economically viable and the environmental costs avoided are increased by 37%

  19. The idea of global CO2 trade

    International Nuclear Information System (INIS)

    Svendsen, G.T.

    1999-01-01

    The US has been criticized for wanting to earn a fortune on a global CO 2 market. However, compared to the situation without trade and provided that such a market is designed so that it does not pay to cheat, a global CO 2 market may provide the world with an epoch-making means of cost-effective control which can solve future global environmental problems. The economic gains from 'hot air' distributions of permits and CO 2 trade make the system politically attractive to potential participants. For example, vital financial subsidies from the EU to Eastern Europe are to be expected. It will probably not pay to cheat if quotas are renewed periodically by the UN. Cheating countries are then to be excluded from further profitable trade. Also, a periodical renewal of permits makes it possible to tighten target levels in the future

  20. Applying tradable permits to biodiversity conservation: A conceptual analysis of trading rules

    OpenAIRE

    Wissel, Silvia; Wätzold, Frank

    2008-01-01

    Tradable permits have already been applied in many areas of environmental policy and may be a possible response to increasing calls for flexible conservation instruments which are able to successfully conserve biodiversity while allowing for economic development. The idea behind applying tradable permits to conservation is that developers wishing to turn land to economic purposes, thereby destroying valuable habitat, may only do so if they submit a permit to the conservation agency showing th...

  1. Conformal coupling associated with the Noether symmetry and its connection with the ΛCDM dynamics

    International Nuclear Information System (INIS)

    De Souza, Rudinei C; Kremer, Gilberto M

    2013-01-01

    The aim of this work is to investigate a non-minimally coupled scalar field model through the Noether symmetry approach, with the radiation, matter and cosmological constant eras being analyzed. The Noether symmetry condition allows a conformal coupling and by means of a change of coordinates in the configuration space the field equations can be reduced to a single equation, which is of the form of the Friedmann equation for the ΛCDM model. In this way, it is formally shown that the dynamical system can furnish solutions with the same form as those of the ΛCDM model, although the theory here considered is physically different from the former. The conserved quantity associated with the Noether symmetry can be related to the kinetic term of the scalar field and could constrain the possible deviations of the model from the ΛCDM picture. Observational constraints on the variation of the gravitational constant can be imposed on the model through the initial condition of the scalar field. (paper)

  2. Consistency of ΛCDM with geometric and dynamical probes

    International Nuclear Information System (INIS)

    Perivolaropoulos, L

    2010-01-01

    The ΛCDM cosmological model assumes the existence of a small cosmological constant in order to explain the observed accelerating cosmic expansion. Despite the dramatic improvement of the quality of cosmological data during the last decade it remains the simplest model that fits remarkably well (almost) all cosmological observations. In this talk I review the increasingly successful fits provided by ΛCDM on recent geometric probe data of the cosmic expansion. I also briefly discuss some emerging shortcomings of the model in attempting to fit specific classes of data (eg cosmic velocity dipole flows and cluster halo profiles). Finally, I summarize recent results on the theoretically predicted matter overdensity (δ m =(δρ m )/ρ m ) evolution (a dynamical probe of the cosmic expansion), emphasizing its scale and gauge dependence on large cosmological scales in the context of general relativity. A new scale dependent parametrization which describes accurately the growth rate of perturbations even on scales larger than 100h -1 Mpc is shown to be a straightforward generalization of the well known scale independent parametrization f(a) = Ω m (a) γ valid on smaller cosmological scales.

  3. Scoping Study. Linking RE Promotion Policies with International Carbon Trade (LINK)

    Energy Technology Data Exchange (ETDEWEB)

    Castro, Paula; Hayashi, Daisuke; Kristiansen, Kjell Olav; Michaelowa, Axel; Stadelmann, Martin

    2011-06-15

    Implementing national policies may threaten the eligibility of renewable energy projects for Clean Development Mechanism/Joint Implementation (CDM/JI), thus reducing international development financing. Countries hence need to be very careful when crafting their national promotion policies. The objectives of the Renewable Energy Technology Deployment (IEA-RETD) project were to perform a scoping study on the interplay between national Renewable Energy (RE) promotion policies and international carbon trade. The study summarizes the ongoing discussion, describes the main barriers that may hinder -- or at least not sufficiently support -- the implementation of national RE promotion policies, and provides suggestions for removing these barriers.

  4. Analysis of CDM experience in Morocco and lessons learnt for West African Economic and Monetary Union. Case study: Benin, Burkina Faso, Niger and Togo

    OpenAIRE

    Satoguina, Honorat

    2006-01-01

    This study assesses the CDM potential in Benin, Burkina Faso, Niger and Togo. Morocco has been used as an example, as it is quite advanced in developing an impressive CDM project portfolio. The study focuses not only on the absolute greenhouse gas abatement potential of these countries, but also assesses the comparative CDM endowment on the basis of an holistic analysis of each country, thereby highlighting the relative position of Benin, Burkina Faso, Niger and Togo in the global CDM market....

  5. Report for fiscal 2000 investigations on Activities Implemented Jointly in China and promotion of transfer to CDM; 2000 nendo Chugoku ni okeru kyodo jisshi katsudo oyobi CDM eno iko suishin chosa hokokusho

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-03-01

    It is purposed to promote the Activities Implemented Jointly (AIJ) and the clean development mechanism (CDM) intended of reducing carbon dioxide emission amount in China. Investigations have been performed on China's environment and energy problems, CDM assignments and transfer means, and project candidates. China emits a great amount of CO2 due to coal combustion, and the CO2 emission is anticipated to increase from the coal burning thermal power generation that may continue into the future. Countermeasures for the thermal power department as the object are required. Since 1997, China has been performing the AIJ project with Norway, Japan, and America, wherein such projects have been implemented with Japan as the dry coke fire extinguishing facility model project, the energy saving model project using alloy iron electric furnaces, and the model project to utilize effectively the refuse combustion waste heat. China is one of the countries in which the greenhouse effect gas emission reducing project can be performed at a minimum cost, who will be the important party in the CDM performed by the developed countries to achieve their obligation to reduce the greenhouse effect gas emission. (NEDO)

  6. Gamma-ray bursts as cosmological probes: ΛCDM vs. conformal gravity

    International Nuclear Information System (INIS)

    Diaferio, Antonaldo; Ostorero, Luisa; Cardone, Vincenzo

    2011-01-01

    ΛCDM, for the currently preferred cosmological density Ω 0 and cosmological constant Ω Λ , predicts that the Universe expansion decelerates from early times to redshift z ≈ 0.9 and accelerates at later times. On the contrary, the cosmological model based on conformal gravity predicts that the cosmic expansion has always been accelerating. To distinguish between these two very different cosmologies, we resort to gamma-ray bursts (GRBs), which have been suggested to probe the Universe expansion history at z > 1, where identified type Ia supernovae (SNe) are rare. We use the full Bayesian approach to infer the cosmological parameters and the additional parameters required to describe the GRB data available in the literature. For the first time, we use GRBs as cosmological probes without any prior information from other data. In addition, when we combine the GRB samples with SNe, our approach neatly avoids all the inconsistencies of most numerous previous methods that are plagued by the so-called circularity problem. In fact, when analyzed properly, current data are consistent with distance moduli of GRBs and SNe that can respectively be, in a variant of conformal gravity, ∼ 15 and ∼ 3 magnitudes fainter than in ΛCDM. Our results indicate that the currently available SN and GRB samples are accommodated equally well by both ΛCDM and conformal gravity and do not exclude a continuous accelerated expansion. We conclude that GRBs are currently far from being effective cosmological probes, as they are unable to distinguish between these two very different expansion histories

  7. The CO{sub 2} emission permits market simulation using Continuous Double Auction

    Energy Technology Data Exchange (ETDEWEB)

    Bartoszczuk, Pawel [Warsaw School of Economics (Poland); Stanczak, Jaroslaw

    2016-07-01

    In this paper we consider the buying and selling prices of carbon dioxide (CO{sub 2}) emission permits in trading models with uncertainty. Permission prices, although usually omitted from standard models, may significantly influence the trading market. We thus construct a more realistic trade model. To do this, we introduced several important changes to the standard model, mainly we added The Continuous Double Action.

  8. Simulating cosmologies beyond ΛCDM with PINOCCHIO

    Energy Technology Data Exchange (ETDEWEB)

    Rizzo, Luca A. [Institut de Physique Theorique, Universite Paris-Saclay CEA, CNRS, F-91191 Gif-sur-Yvette, Cedex (France); Villaescusa-Navarro, Francisco [Center for Computational Astrophysics, 160 5th Ave, New York, NY, 10010 (United States); Monaco, Pierluigi [Sezione di Astronomia, Dipartimento di Fisica, Università di Trieste, via G.B. Tiepolo 11, I-34143 Trieste (Italy); Munari, Emiliano [Dark Cosmology Centre, Niels Bohr Institute, University of Copenhagen, Juliane Maries Vej 30, DK-2100 Copenhagen (Denmark); Borgani, Stefano [INAF – Astronomical Observatory of Trieste, via G.B. Tiepolo 11, I-34143 Trieste (Italy); Castorina, Emanuele [Berkeley Center for Cosmological Physics, University of California, Berkeley, CA 94720 (United States); Sefusatti, Emiliano, E-mail: luca.rizzo@cea.fr, E-mail: fvillaescusa@simonsfoundation.org, E-mail: monaco@oats.inaf.it, E-mail: munari@dark-cosmology.dk, E-mail: borgani@oats.inaf.it, E-mail: ecastorina@berkeley.edu, E-mail: emiliano.sefusatti@brera.inaf.it [INAF, Osservatorio Astronomico di Brera, Via Bianchi 46, I-23807 Merate (Italy)

    2017-01-01

    We present a method that extends the capabilities of the PINpointing Orbit-Crossing Collapsed HIerarchical Objects (PINOCCHIO) code, allowing it to generate accurate dark matter halo mock catalogues in cosmological models where the linear growth factor and the growth rate depend on scale. Such cosmologies comprise, among others, models with massive neutrinos and some classes of modified gravity theories. We validate the code by comparing the halo properties from PINOCCHIO against N-body simulations, focusing on cosmologies with massive neutrinos: νΛCDM. We analyse the halo mass function, halo two-point correlation function and halo power spectrum, showing that PINOCCHIO reproduces the results from simulations with the same level of precision as the original code (∼ 5–10%). We demonstrate that the abundance of halos in cosmologies with massless and massive neutrinos from PINOCCHIO matches very well the outcome of simulations, and point out that PINOCCHIO can reproduce the Ω{sub ν}–σ{sub 8} degeneracy that affects the halo mass function. We finally show that the clustering properties of the halos from PINOCCHIO matches accurately those from simulations both in real and redshift-space, in the latter case up to k = 0.3 h Mpc{sup −1}. We emphasize that the computational time required by PINOCCHIO to generate mock halo catalogues is orders of magnitude lower than the one needed for N-body simulations. This makes this tool ideal for applications like covariance matrix studies within the standard ΛCDM model but also in cosmologies with massive neutrinos or some modified gravity theories.

  9. The role of absorptive capactiy in technological learning in CDM projects : evidences from survey in Brazil, China, India and Mexico

    NARCIS (Netherlands)

    Doranova, A.; Costa, I.; Duysters, G.M.

    2011-01-01

    Technology transfer in Clean Development Mechanism (CDM) projects of the Kyoto Protocol has acquired increasing attention of policy makers and academia. This study is an effort to investigate CDM projects' related technology transfer process from the organisational learning and technological

  10. The role of absorptive capacity in technological learning in CDM projects : Evidences from survey in Brazil, China, India and Mexico

    NARCIS (Netherlands)

    Doranova, A.; Costa, I.; Duijsters, G.M.

    2011-01-01

    Technology transfer in Clean Development Mechanism (CDM) projects of the Kyoto Protocol has acquired increasing attention of policy makers and academia. This study is an effort to investigate CDM projects' related technology transfer process from the organisational learning and technological

  11. New Commitment Options: Compatibility with Emissions Trading

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-07-01

    This paper considers different options for quantitative greenhouse gas emission commitments from the standpoint of their technical compatibility with emissions trading. These are dynamic targets, binding targets with price caps, non-binding targets, sector-wide targets/mechanisms, action targets, allowances and endowments, and long-term permits. This paper considers these options from the standpoint of their compatibility with emissions trading.

  12. Rethinking the Role of Development Banks in Climate Finance: Panama’s Barro Blanco CDM Project and Human Rights

    Directory of Open Access Journals (Sweden)

    Beatriz Felipe Pérez

    2016-06-01

    Full Text Available Development banks are key actors in climate finance. During the last decades, they have increased the funding of climate change related projects, especially those under the Clean Development Mechanism (CDM. Defined in Article 12 of the Kyoto Protocol, the CDM aims at contributing to climate change mitigation while assisting in achieving sustainable development. However, many CDM projects have caused environmental damage and human rights abuses that especially affect the most vulnerable people. Located in Panama, the Barro Blanco hydro-power dam exemplifies the complex interrelationship of climate financing, development policies, the political and economic national context and human rights. Through the analysis of the role of development banks in climate finance, especially in the context of CDM projects, this paper aims (1 to clarify the role of development banks in climate finance, (2 to shed light on the vulnerable situation of the people affected by these projects, (3 to highlight the gaps in both the CDM rules and the development banks’ safeguard policies concerning the protection of human rights and the prevention of environmental abuses, and (4 to give a current example of this complex situation through the Barro Blanco case study. This paper argues that the manifold and often competing national and international legal and political layers of climate change mitigation projects repeatedly leave project affected people vulnerable to human rights violations without adequate safeguards and mechanisms to effectively articulate their interests, protect their rights and promote access to justice.

  13. 75 FR 34983 - Order (1) Pursuant to Section 4(c) of the Commodity Exchange Act, Permitting the Kansas City...

    Science.gov (United States)

    2010-06-21

    ... Act, Permitting the Kansas City Board of Trade Clearing Corporation To Clear Over-the-Counter Wheat Calendar Swaps and (2) Pursuant to Section 4d of the Commodity Exchange Act, Permitting Customer Positions... contract market, and its wholly- owned subsidiary corporation, the Kansas City Board of Trade Clearing...

  14. Carbon trading thickness and market efficiency

    International Nuclear Information System (INIS)

    Montagnoli, Alberto; De Vries, Frans P.

    2010-01-01

    This note tests for the efficient market hypothesis (EMH) in the market for CO 2 emission allowances in Phase I and Phase II of the European Union Emissions Trading Scheme (EU ETS). As usually is the case in emerging and non-competitive markets such as the EU ETS, trading often not occurs on a frequent basis. This has adverse implications for both the gains from permit trade as well as biases the EMH tests. Variance ratio tests are employed to adjust for the thin trading effect. The results indicate that Phase I - the trial and learning period - was inefficient, whereas the first period under Phase II shows signs of restoring market efficiency. (author)

  15. How to design greenhouse gas trading in the EU?

    International Nuclear Information System (INIS)

    Svendsen, G.T.

    2003-01-01

    A new and remarkable Green Paper about how to trade greenhouse gases (GHG) in the EU has recently been published by the Commission of the European Union. This to achieve the stated 8% reduction target level. The Green Paper raises ten questions about how greenhouse gas permit trading should be designed in the EU before year 2005. These ten questions can be compressed into four main issues, namely target group, allocation of emission allowances, how to mix emission trading with other instruments and fourth enforcement. In the literature, there is a strong need to guide decision-makers and stimulate academic debates concerning the actual design of a simple and workable GHG market model for the EU. This model must take both economic, administrative and political concerns into account so that it is feasible in practice. Based on our findings, we therefore develop a policy recommendation concerning the future design of GHG permit trading in the EU. (author)

  16. How to design greenhouse gas trading in the EU?

    International Nuclear Information System (INIS)

    Tinggaard Svendsen, G.; Vesterdal, M.

    2001-01-01

    A new and remarkable Green Paper about how to trade Greenhouse gases (GHG) in the EU has recently been published by the Commission of the European Union. This to achieve the stated 8% reduction target level. The Green paper raises ten questions about how greenhouse gas permit trading should be designed in the EU before year 2005. These ten questions can be compressed into four main issues, namely target group, allocation of emission allowances, how to mix emission trading with other instruments and fourth enforcement. In the literature, there is a strong need to guide decision-makers and stimulate academic debates concerning the actual design of a simple and workable GHG market model for the EU. This model must take both economic, administrative and political concerns into account so that it is feasible in practice. Based on our findings, we therefore develop a policy recommendation concerning the future design of GHG permit trading in the EU. (au)

  17. How to design greenhouse gas trading in the EU?

    Energy Technology Data Exchange (ETDEWEB)

    Tinggaard Svendsen, G; Vesterdal, M

    2001-07-01

    A new and remarkable Green Paper about how to trade Greenhouse gases (GHG) in the EU has recently been published by the Commission of the European Union. This to achieve the stated 8% reduction target level. The Green paper raises ten questions about how greenhouse gas permit trading should be designed in the EU before year 2005. These ten questions can be compressed into four main issues, namely target group, allocation of emission allowances, how to mix emission trading with other instruments and fourth enforcement. In the literature, there is a strong need to guide decision-makers and stimulate academic debates concerning the actual design of a simple and workable GHG market model for the EU. This model must take both economic, administrative and political concerns into account so that it is feasible in practice. Based on our findings, we therefore develop a policy recommendation concerning the future design of GHG permit trading in the EU. (au)

  18. A Regional Multi-permit Market for Ecosystem Services

    Science.gov (United States)

    Bernknopf, R.; Amos, P.; Zhang, E.

    2014-12-01

    Regional cap and trade programs have been in operation since the 1970's to reduce environmental externalities (NOx and SOx emissions) and have been shown to be beneficial. Air quality and water quality limits are enforced through numerous Federal and State laws and regulations while local communities are seeking ways to protect regional green infrastructure and their ecosystems services. Why not combine them in a market approach to reduce many environmental externalities simultaneously? In a multi-permit market program reforestation (land offsets) as part of a nutrient or carbon sequestration trading program would provide a means to reduce agrochemical discharges into streams, rivers, and groundwater. Land conversions also improve the quality and quantity of other environmental externalities such as air pollution. Collocated nonmarket ecosystem services have societal benefits that can expand the crediting system into a multi-permit trading program. At a regional scale it is possible to combine regulation of water quality, air emissions and quality, and habitat conservation and restoration into one program. This research is about the economic feasibility of a Philadelphia regional multi-permit (cap and trade) program for ecosystem services. Instead of establishing individual markets for ecosystem services, the assumption of the spatial portfolio approach is that it is based on the interdependence of ecosystem functions so that market credits encompasses a range of ecosystem services. Using an existing example the components of the approach are described in terms of scenarios of land portfolios and the calculation of expected return on investment and risk. An experiment in the Schuylkill Watershed will be described for ecosystem services such as nutrients in water and populations of bird species along with Green House Gases. The Philadelphia regional market includes the urban - nonurban economic and environmental interactions and impacts.

  19. Does the Gold Standard label hold its promise in delivering higher Sustainable Development benefits? A multi-criteria comparison of CDM projects

    International Nuclear Information System (INIS)

    Drupp, Moritz A.

    2011-01-01

    The Clean Development Mechanism (CDM) has a twin objective: to help developed countries reduce GHG emissions, and to support developing countries in achieving Sustainable Development (SD). As a response to the widespread criticism of the CDM's unsatisfactory SD record, initiatives have developed premium labels like the Gold Standard, which applies two additional 'screens' to filter CDM projects for higher SD benefits. In order to determine whether Gold Standard projects can be associated with higher local SD benefits, this paper evaluates the potential benefits of 48 CDM projects using a multi-criteria method and building on existing work. The 18 evaluated Gold Standard projects are compared to a 'representative portfolio' of 30 unlabeled CDM projects in order to capture the 'full' effect of the additional Gold Standard requirements, which is further decomposed into the two 'screen' effects. The results suggest that Gold Standard Certified Emission Reductions can be associated with higher potential local SD benefits when compared to the 'representative portfolio' of unlabeled CDM projects, while the comparison of projects of the same type remains inconclusive. The results support previous findings showing that renewable energy projects may deliver comparatively high SD benefits. - Research highlights: → This study evaluates and compares the potential contribution of unlabeled- and Gold Standard labeled CDM projects to Sustainable Development (SD), extending the previously assessed projects as well as the methodological approach. → Gold Standard labeled Certified Emission Reductions (CER) can be associated with higher potential SD benefits compared to unlabeled projects. → A decomposition analysis shows that the Gold Standard s SD surplus must be primarily attributed to the favorable contribution of renewable energy projects to SD. → Policy makers might thus shift incentives towards renewable energy projects and buyers of CERs may shift their offset

  20. Cooperation in environmental protection. The economics of green trade, market-based instruments and community involvement

    Energy Technology Data Exchange (ETDEWEB)

    Roettgers, Dirk

    2013-12-18

    The Millennium Development Goals (United Nations, 2000) and, by extension, such efforts as the Convention on Biological Diversity and the Kyoto Protocol (Kyoto Protocol, 1997), present mankind with a challenge that can only be overcome through cooperation. Cooperative policies are necessary from the highest level, i.e. international policies and treaties, to regional and national agreements, down to the local level, where policies are actually enacted. To close some gaps in the understanding of applicable policy instruments, this dissertation looks at a few key topics of environmental protection with implications for market-based instruments. The five different research areas are (1) EU bioenergy trade, (2) Clean Development Mechanism (CDM), (3) comparison of the effectiveness of product certification, ecosystem certification and offset mechanisms in wetland ecosystems, (4) international market-based instruments for African protected areas and (5) local stakeholder decision making in rural ecosystems of developing countries. Bioenergy consumption, production and trade have been increasing worldwide in the recent decade, mostly due to demand from EU countries and the USA. Taking the example of the EU, it is questionable if these trade flows are caused mainly by EU trade rules or targeted bioenergy policies. A sector-specific analysis taking industry patterns into consideration is necessary to evaluate the impact of these two policy areas on trade flows. A common way to analyze trade flows is the gravity model, which is employed here. This dissertation finds out why that is by using a gravity model to analyze flows of Certified Emission Reductions (CERs) between host and financier countries. The special roles of foreign direct investments (FDI), official development aid (ODA) and trade are scrutinized closely in this context. Findings show that FDI, ODA and trade have a positive influence on project attraction, even when holding determinants of these factors constant

  1. Emissions trading and the climate change levy

    International Nuclear Information System (INIS)

    Connett, Richard

    2000-01-01

    This paper discusses the flexible mechanisms established in the Kyoto Protocol of the UN Framework on Climate Change focussing on the mechanism whereby countries achieving their target for reducing the emissions of greenhouse gases can trade their excess to countries having difficulty achieving their target. UK measures to meet their commitment, the UK government's proposed climate change levy on the use of energy, negotiated agreements, emissions trading, and the nature, supply and trading of permits are examined. Compatibility with international agreements and the Integrated Pollution Prevention and Control (IPPC) Directive, monitoring, and penalties are considered

  2. Technology transfer by CDM projects: A comparison of Brazil, China, India and Mexico

    International Nuclear Information System (INIS)

    Dechezlepretre, Antoine; Glachant, Matthieu; Meniere, Yann

    2009-01-01

    In a companion paper [Dechezlepretre, A., Glachant, M., Meniere, Y., 2008. The Clean Development Mechanism and the international diffusion of technologies: An empirical study, Energy Policy 36, 1273-1283], we gave a general description of technology transfers by Clean Development Mechanism (CDM) projects and we analyzed their drivers. In this paper, we use the same data and similar econometric models to explain inter-country differences. We focus on 4 countries gathering about 75% of the CDM projects: Brazil, China, India and Mexico. Sixty eight percent of Mexican projects include an international transfer of technology. The rates are, respectively, 12%, 40% and 59% for India, Brazil and China. Our results show that transfers to Mexico and Brazil are mainly related to the strong involvement of foreign partners and good technological capabilities. Besides a relative advantage with respect to these factors, the higher rate of international transfers in Mexico seems to be due to a sector-composition effect. The involvement of foreign partners is less frequent in India and China, where investment opportunities generated by fast growing economies seem to play a more important role in facilitating international technology transfers through the CDM. International transfers are also related to strong technology capabilities in China. In contrast, the lower rate of international transfer (12%) in India may be due to a better capability to diffuse domestic technologies

  3. Tradeable emission permits in Dutch environmental policy. A utopia?

    International Nuclear Information System (INIS)

    Schuurman, S.J.

    1997-01-01

    Because of the lack of experience with permits in the Netherlands, and in view of the similarities between various other tradeable permit systems, the functioning of Dutch systems of tradeable fish, milk and manure quotas is discussed. Evaluation of these systems is based on criteria of effectiveness, target-group efficiency and government efficiency. These systems of tradeable permits appear to constitute a successful addition to the Dutch policy of direct regulation. Considering this, and the favorable American experience with the Emissions Trading Program, tradeable emission permits deserve a chance to be implemented in Dutch environmental policy. The question remains, however, whether the Dutch government is ready for such a step. 28 refs

  4. Federal NOx Budget Trading Program and CAIR NOx and SO2 Trading Programs (40 CFR Part 97)

    Science.gov (United States)

    This part establishes general provisions and the applicability, permitting, allowance, excess emissions, monitoring, and opt-in provisions for the federal NOx Budget Trading Program as a means of mitigating interstate transport of ozone and nitrogen oxides

  5. A non-parametric consistency test of the ΛCDM model with Planck CMB data

    Energy Technology Data Exchange (ETDEWEB)

    Aghamousa, Amir; Shafieloo, Arman [Korea Astronomy and Space Science Institute, Daejeon 305-348 (Korea, Republic of); Hamann, Jan, E-mail: amir@aghamousa.com, E-mail: jan.hamann@unsw.edu.au, E-mail: shafieloo@kasi.re.kr [School of Physics, The University of New South Wales, Sydney NSW 2052 (Australia)

    2017-09-01

    Non-parametric reconstruction methods, such as Gaussian process (GP) regression, provide a model-independent way of estimating an underlying function and its uncertainty from noisy data. We demonstrate how GP-reconstruction can be used as a consistency test between a given data set and a specific model by looking for structures in the residuals of the data with respect to the model's best-fit. Applying this formalism to the Planck temperature and polarisation power spectrum measurements, we test their global consistency with the predictions of the base ΛCDM model. Our results do not show any serious inconsistencies, lending further support to the interpretation of the base ΛCDM model as cosmology's gold standard.

  6. A conceptual analysis of the application of tradable permits to biodiversity conservation.

    Science.gov (United States)

    Wissel, Silvia; Wätzold, Frank

    2010-04-01

    Tradable permits have been applied in many areas of environmental policy and may be a response to increasing calls for flexible conservation instruments that successfully conserve biodiversity while allowing for economic development. The idea behind applying tradable permits to conservation is that developers wishing to turn land to economic purposes, thereby destroying valuable habitat, may only do so if they submit a permit to the conservation agency showing that habitat of at least the equivalent ecological value is restored elsewhere. The developer himself does not need to carry out the restoration, but may buy a permit from a third party, thus allowing a market to emerge. Nevertheless, the application of tradable permits to biodiversity conservation is a complex issue because destroyed and restored habitats are likely to differ. There may be various trade-offs between the ecological requirements that destroyed and restored habitats be as similar as possible, and the need for a certain level of market activity to have a functioning trading system. The success of tradable permits as an instrument for reconciling the conflicts between economic development and conservation depends on the existence of certain economic, institutional, and ecological preconditions, for example, a functioning institutional framework, sufficient expert knowledge, and adequate monitoring and enforcement mechanisms.

  7. Weak lensing cosmology beyond ΛCDM

    International Nuclear Information System (INIS)

    Das, Sudeep; Linder, Eric V.; Nakajima, Reiko; Putter, Roland de

    2012-01-01

    Weak gravitational lensing is one of the key probes of the cosmological model, dark energy, and dark matter, providing insight into both the cosmic expansion history and large scale structure growth history. Taking into account a broad spectrum of physics affecting growth — dynamical dark energy, extended gravity, neutrino masses, and spatial curvature — we analyze the cosmological constraints. Similarly we consider the effects of a range of systematic uncertainties, in shear measurement, photometric redshifts, intrinsic alignments, and the nonlinear power spectrum, on cosmological parameter extraction. We also investigate, and provide fitting formulas for, the influence of survey parameters such as redshift depth, galaxy number densities, and sky area on the cosmological constraints in the beyond-ΛCDM parameter space. Finally, we examine the robustness of results for different fiducial cosmologies

  8. Emissions trading and firms' strategies. The case of power producers

    International Nuclear Information System (INIS)

    Rousse, O.

    2005-11-01

    This thesis deals with the impacts of a domestic emissions trading scheme on firms' strategies. As recent experiences of such programs (Acid Rain Program, RECLAIM Program, NOx Budget Program and the European Union Emissions Trading Scheme) concern mainly heat and power producers, we analyze especially strategies of these companies. In context of electricity market deregulation, our study takes two directions: uncertainty and competitive distortions. Concerning uncertainty, we are interested in portfolio management of emission permits, that is choice under uncertainty between buying, selling and banking permits. Concerning competitive distortions, we consider manipulations on the permits and/or products markets. Among others, we investigate interactions between a pollution market and the wholesale electricity market. From a general point of view, we show that a permits market, even competitive, gives to power producers more opportunities to act strategically on wholesale electricity markets. By this way, our study attempts to indicate when these market distortions are more likely to occur and to give some emissions market design instructions. (author)

  9. Cap-and-Trade Modeling and Analysis: Congested Electricity Market Equilibrium

    Science.gov (United States)

    Limpaitoon, Tanachai

    This dissertation presents an equilibrium framework for analyzing the impact of cap-and-trade regulation on transmission-constrained electricity market. The cap-and-trade regulation of greenhouse gas emissions has gained momentum in the past decade. The impact of the regulation and its efficacy in the electric power industry depend on interactions of demand elasticity, transmission network, market structure, and strategic behavior of firms. I develop an equilibrium model of an oligopoly electricity market in conjunction with a market for tradable emissions permits to study the implications of such interactions. My goal is to identify inefficiencies that may arise from policy design elements and to avoid any unintended adverse consequences on the electric power sector. I demonstrate this modeling framework with three case studies examining the impact of carbon cap-and-trade regulation. In the first case study, I study equilibrium results under various scenarios of resource ownership and emission targets using a 24-bus IEEE electric transmission system. The second and third case studies apply the equilibrium model to a realistic electricity market, Western Electricity Coordinating Council (WECC) 225-bus system with a detailed representation of the California market. In the first and second case studies, I examine oligopoly in electricity with perfect competition in the permit market. I find that under a stringent emission cap and a high degree of concentration of non-polluting firms, the electricity market is subject to potential abuses of market power. Also, market power can occur in the procurement of non-polluting energy through the permit market when non-polluting resources are geographically concentrated in a transmission-constrained market. In the third case study, I relax the competitive market structure assumption of the permit market by allowing oligopolistic competition in the market through a conjectural variation approach. A short-term equilibrium

  10. Study on the influence of package parasitics and substrate resistance on the Charged Device Model(CDM) failure levels - possible protection methodology

    NARCIS (Netherlands)

    Sowariraj, M.S.B.; Smedes, Theo; Salm, Cora; Mouthaan, A.J.; Kuper, F.G.

    2003-01-01

    Charged Device Model (CDM) type of Electrostatic Discharge (ESD) stress events are becoming the major reason for field returns in the Integrated Circuit (IC) industry especially with downscaling of device dimensions and increased usage of automated handlers. In the case of CDM stress, the IC is both

  11. Topology in two dimensions. IV - CDM models with non-Gaussian initial conditions

    Science.gov (United States)

    Coles, Peter; Moscardini, Lauro; Plionis, Manolis; Lucchin, Francesco; Matarrese, Sabino; Messina, Antonio

    1993-02-01

    The results of N-body simulations with both Gaussian and non-Gaussian initial conditions are used here to generate projected galaxy catalogs with the same selection criteria as the Shane-Wirtanen counts of galaxies. The Euler-Poincare characteristic is used to compare the statistical nature of the projected galaxy clustering in these simulated data sets with that of the observed galaxy catalog. All the models produce a topology dominated by a meatball shift when normalized to the known small-scale clustering properties of galaxies. Models characterized by a positive skewness of the distribution of primordial density perturbations are inconsistent with the Lick data, suggesting problems in reconciling models based on cosmic textures with observations. Gaussian CDM models fit the distribution of cell counts only if they have a rather high normalization but possess too low a coherence length compared with the Lick counts. This suggests that a CDM model with extra large scale power would probably fit the available data.

  12. A correction in the CDM methodological tool for estimating methane emissions from solid waste disposal sites.

    Science.gov (United States)

    Santos, M M O; van Elk, A G P; Romanel, C

    2015-12-01

    Solid waste disposal sites (SWDS) - especially landfills - are a significant source of methane, a greenhouse gas. Although having the potential to be captured and used as a fuel, most of the methane formed in SWDS is emitted to the atmosphere, mainly in developing countries. Methane emissions have to be estimated in national inventories. To help this task the Intergovernmental Panel on Climate Change (IPCC) has published three sets of guidelines. In addition, the Kyoto Protocol established the Clean Development Mechanism (CDM) to assist the developed countries to offset their own greenhouse gas emissions by assisting other countries to achieve sustainable development while reducing emissions. Based on methodologies provided by the IPCC regarding SWDS, the CDM Executive Board has issued a tool to be used by project developers for estimating baseline methane emissions in their project activities - on burning biogas from landfills or on preventing biomass to be landfilled and so avoiding methane emissions. Some inconsistencies in the first two IPCC guidelines have already been pointed out in an Annex of IPCC latest edition, although with hidden details. The CDM tool uses a model for methane estimation that takes on board parameters, factors and assumptions provided in the latest IPCC guidelines, while using in its core equation the one of the second IPCC edition with its shortcoming as well as allowing a misunderstanding of the time variable. Consequences of wrong ex-ante estimation of baseline emissions regarding CDM project activities can be of economical or environmental type. Example of the first type is the overestimation of 18% in an actual project on biogas from landfill in Brazil that harms its developers; of the second type, the overestimation of 35% in a project preventing municipal solid waste from being landfilled in China, which harms the environment, not for the project per se but for the undue generated carbon credits. In a simulated landfill - the same

  13. Unilateral regulation of bilateral trade in greenhouse gas emission permits

    NARCIS (Netherlands)

    Rehdanz, K.; Tol, R.S.J.

    2005-01-01

    This paper considers the coordination of domestic markets for tradable emission permits where countries determine their own emission reduction targets, using a two-country model. Linking such schemes is beneficial to both countries but may cause the exporting country to decrease its emission

  14. Confronting dark energy models mimicking ΛCDM epoch with observational constraints: Future cosmological perturbations decay or future Rip?

    International Nuclear Information System (INIS)

    Astashenok, Artyom V.; Odintsov, Sergei D.

    2013-01-01

    We confront dark energy models which are currently similar to ΛCDM theory with observational data which include the SNe data, matter density perturbations and baryon acoustic oscillations data. DE cosmology under consideration may evolve to Big Rip, type II or type III future singularity, or to Little Rip or Pseudo-Rip universe. It is shown that matter perturbations data define more precisely the possible deviation from ΛCDM model than consideration of SNe data only. The combined data analysis proves that DE models under consideration are as consistent as ΛCDM model. We demonstrate that growth of matter density perturbations may occur at sufficiently small background density but still before the possible disintegration of bound objects (like clusters of galaxies, galaxies, etc.) in Big Rip, type III singularity, Little Rip or Pseudo-Rip universe. This new effect may bring the future universe to chaotic state well before disintegration or Rip.

  15. A nonlinear CDM based damage growth law for ductile materials

    Science.gov (United States)

    Gautam, Abhinav; Priya Ajit, K.; Sarkar, Prabir Kumar

    2018-02-01

    A nonlinear ductile damage growth criterion is proposed based on continuum damage mechanics (CDM) approach. The model is derived in the framework of thermodynamically consistent CDM assuming damage to be isotropic. In this study, the damage dissipation potential is also derived to be a function of varying strain hardening exponent in addition to damage strain energy release rate density. Uniaxial tensile tests and load-unload-cyclic tensile tests for AISI 1020 steel, AISI 1030 steel and Al 2024 aluminum alloy are considered for the determination of their respective damage variable D and other parameters required for the model(s). The experimental results are very closely predicted, with a deviation of 0%-3%, by the proposed model for each of the materials. The model is also tested with predictabilities of damage growth by other models in the literature. Present model detects the state of damage quantitatively at any level of plastic strain and uses simpler material tests to find the parameters of the model. So, it should be useful in metal forming industries to assess the damage growth for the desired deformation level a priori. The superiority of the new model is clarified by the deviations in the predictability of test results by other models.

  16. 77 FR 60966 - Executive-Led Trade Mission to South Africa and Zambia

    Science.gov (United States)

    2012-10-05

    ... Africa and Zambia AGENCY: International Trade Administration, Department of Commerce. ACTION: Notice...- Led Trade Mission to South Africa and Zambia scheduled for November 26- 30, 2012, to revise the dates... and scheduling constraints permit), interested U.S. agriculture, mining, transportation, water, energy...

  17. Conversion of National Health Insurance Service-National Sample Cohort (NHIS-NSC) Database into Observational Medical Outcomes Partnership-Common Data Model (OMOP-CDM).

    Science.gov (United States)

    You, Seng Chan; Lee, Seongwon; Cho, Soo-Yeon; Park, Hojun; Jung, Sungjae; Cho, Jaehyeong; Yoon, Dukyong; Park, Rae Woong

    2017-01-01

    It is increasingly necessary to generate medical evidence applicable to Asian people compared to those in Western countries. Observational Health Data Sciences a Informatics (OHDSI) is an international collaborative which aims to facilitate generating high-quality evidence via creating and applying open-source data analytic solutions to a large network of health databases across countries. We aimed to incorporate Korean nationwide cohort data into the OHDSI network by converting the national sample cohort into Observational Medical Outcomes Partnership-Common Data Model (OMOP-CDM). The data of 1.13 million subjects was converted to OMOP-CDM, resulting in average 99.1% conversion rate. The ACHILLES, open-source OMOP-CDM-based data profiling tool, was conducted on the converted database to visualize data-driven characterization and access the quality of data. The OMOP-CDM version of National Health Insurance Service-National Sample Cohort (NHIS-NSC) can be a valuable tool for multiple aspects of medical research by incorporation into the OHDSI research network.

  18. Government procurement, preferences and international trading rules : the South African case

    OpenAIRE

    DUBE, Memory; JOHANNES, Liezemarie; LEWIS, David

    2015-01-01

    This paper reviews the South African government procurement regime and asks whether adherence to international trading instruments and rules, and in particular the World Trade Organisation’s Government Procurement Agreement, would, and should, permit the maintenance of national policy criteria in the decision making matrix for procurement, whilst simultaneously enabling it to realise the efficiency gains of trade liberalisation. It also examines the likely impact, if any, that adherence to th...

  19. Renewable Energy Certificate and Perform, Achieve, Trade mechanisms to enhance the energy security for India

    International Nuclear Information System (INIS)

    Kumar, Rajesh; Agarwala, Arun

    2013-01-01

    The Renewable Energy Certificate and Perform Achieve Trade mechanisms in India are designed to target energy generation and saving, respectively, in line with Clean Development Mechanism implemented by United Nations Framework Convention on Climate Change. The Renewable Energy Certificate System is a voluntary regulation in India for renewable energy generators and is designed for effective implementation of inter-state transactions by introducing the Renewable Purchase Obligation regulation for consumers and a flexible trading platform for transactions across the country. Another initiative, the Perform Achieve Trade scheme, is an enhanced energy efficiency trading mechanism based on consumption targets that require large energy user sectors to improve efficiency by 1–2% per year. The Perform Achieve Trade programme has introduced mechanisms for the identification of industry sector, designated customer, specific energy consumption and target setting. The Perform Achieve Trade design issues are in test phase in the first cycle of the scheme which will run from 2012 to 2015. This paper discusses key design issues about boundary and target setting for Renewable Energy Certificate and Perform Achieve Trade energy saving certificate (ESCert) A data sharing and trading mechanism for Perform Achieve Trade is also proposed for review and coordination among regulator, designated consumers and traders in the market. - Highlights: ► Renewable Energy Certificate’ and ‘Perform Achieve Trade’ are energy certification programmes. ► REC and PAT programme implementation and the institutional network work are presented. ► The trading and communication network propose for possible linkage between REC, PAT and CDM. ► Independent associations in parallel with CERC and BEE are redefined for two tier review of scheme

  20. Team-based organization for Collider Dipole Magnet (CDM) development and production

    International Nuclear Information System (INIS)

    Packer, M.D.; Page, L.R.; Winters, G.C.

    1991-01-01

    The most influential factor in developing a magnet design and the manufacturing processing capable of mass producing Collider Dipole Magnets (CDMs) for the Superconducting Super Collider (SSC) is the work system or organization design. It is essential that design of the organization balances the demanding quality, schedule and cost aspects of the SSC program with the extraordinary technological challenges of the CDMs. The organization approach taken by the General Dynamics team is based on high employee involvement. This approach entails more widely distributed access to information, coordination and control of work, decision-making and rewards for overall performance. Implementation of this approach will apply team-based organizational concepts and proven methodologies such as concurrent engineering, work teams, skill-based pay and gainsharing. This paper focuses on the structural facets of the General Dynamics organization design to accomplish the CDM Program. Why this management approach is being taken, how it was developed and tuned for the CDM Program and how it will be incorporated in personnel staffing is described in this paper along with general operational characteristics. The issues of pay and gainsharing, while recognized as vital constituents of the overall design and effectiveness, are not discussed in this paper

  1. Emission Trading under the Kyoto Protocol

    Energy Technology Data Exchange (ETDEWEB)

    Holtsmark, Bjart; Hagem, Cathrine

    1998-12-01

    This report discusses the potential gains from emission trading and raises some crucial questions. It shows that the total costs of the Kyoto Protocol could be reduced by about 95% through emission trading. Emission trading is an option also in the domestic arenas. The governments of the Annex B countries may allocate emission quotas to local enterprises as emission permits. Thus new markets for greenhouse gas emission quotas may emerge, domestically and internationally. It is emphasized that emission trading at the national and international levels must be discussed separately. The Nordic governments, for example, will find several good reasons for supporting emission trading at the international level if not necessarily domestically. The Nordic countries have already implemented domestic taxes on CO{sub 2} emissions and this tax policy could be sustained while these governments support and take part in emission trading at the international level.The report also considers a possible side effect of emission trading: free emission trading among Annex B countries could reduce the total abatement compared to a non-tradable policy as a consequence of the fact that some of the countries that are in transition to a market economy may be given emission limitations above their business-as-usual emissions. 40 refs., 7 figs., 4 tabs.

  2. Greenhouse Gas Emission Mitigation And Agriculture, Trade-off Or Win-win Situation: Bioeconomic Farm Modelling In The Sudanian Area of Burkina Faso

    Science.gov (United States)

    Some, T. E.; Barbier, B.

    2015-12-01

    Climate changes talks regularly underline that developing countries' agriculture could play a stronger role in GHGs mitigation strategies and benefit from the Kyoto Protocol program of subsidies. Scientists explain that agriculture can contribute to carbon mitigation by storing more carbon in the soil through greener cropping systems. In this context, a growing number of research projects have started to investigate how developing countries agriculture can contribute to these objectives. The clean development mechanism (CDM) proposed in the Kyoto protocol is one particular policy instrument that can incite farmers to mitigate the GHG balance towards more sequestration and less emission. Some economists such as Michael Porter think that environmental regulation lead to a win-win outcome, in which case subsidies are not necessary. If it is a trade-off between incomes and the environment, subsidies are required. CDM can be mobilized to support the mitigation strategy. Agriculture implies the use of inputs. Reducing the emission implies the reduction of those inputs which will in turn imply a yield decrease. The study aims to assess whether this measure will imply a trade-off between environmental and economic objectives or a win-win situation. I apply this study to the case of small farmers in Burkina Faso through environmental instruments such as the emissions limits and agroforestry using a bioeconomic model, in which the farmers maximize their utility subject to constraints. The study finds that the limitation of emissions in annual crops production involves a trade-off. by impacting negatively their net cash come. By integrating perennial crops in the farming system, the farmers' utility increases. Around 6,118 kg are sequestrated individually. By computing the value on this carbon balance, farmers' net cash incomes go better. Then practicing agroforestry is a win-win situation, as they reach a higher level of income, and reduce emissions. Policymakers must

  3. Combining rate-based and cap-and-trade emissions policies

    International Nuclear Information System (INIS)

    Fischer, Carolyn

    2003-12-01

    Rate-based emissions policies (like tradable performance standards, TPS) fix average emissions intensity, while cap-and-trade (CAT) policies fix total emissions. This paper shows that unfettered trade between rate-based and cap-and-trade programs always raises combined emissions, except when product markets are related in particular ways. Gains from trade are fully passed on to consumers in the rate-based sector, resulting in more output and greater emissions allocations. We consider several policy options to offset the expansion, including a tax, an 'exchange rate' to adjust for relative permit values, output-based allocation (OBA) for the rate-based sector, and tightening the cap. A range of combinations of tighter allocations could improve situations in both sectors with trade while holding emissions constant

  4. The role of abatement costs in GHG permit allocations : a global reduction scenario with the World-MARKAL model

    International Nuclear Information System (INIS)

    Vaillancourt, K.; Kanudia, A.

    2004-01-01

    The World-MARKAL model was used to examine a permit trading system to stabilize greenhouse gas emissions. The model considered the participation of all countries, including developing countries. Allocation schemes aimed at fair distribution of net abatement costs among world regions were proposed. The net abatement costs for each region are good indicators of where more abatement measures are needed. Equity issues relative to permit allocations and burden sharing were also presented along with the allocation methodology. The gross abatement costs before permit trading were calculated for each region. The main advantages and disadvantages of this approach were listed. It was concluded that permit allocation schemes based on cost distribution make it possible to obtain solutions with equalized net costs per gross domestic product for all regions. 30 refs., 6 tabs., 3 figs

  5. Classifying carbon credit buyers according to their attitudes towards and involvement in CDM sustainability labels

    Energy Technology Data Exchange (ETDEWEB)

    Parnphumeesup, Piya, E-mail: pp66@hw.ac.uk [International Centre for Island Technology (ICIT), Institute of Petroleum Engineering, Heriot-Watt University, Old Academy, Back Road, Stromness, Orkney KW16 3AW, Scotland (United Kingdom); Kerr, Sandy A. [International Centre for Island Technology (ICIT), Institute of Petroleum Engineering, Heriot-Watt University, Old Academy, Back Road, Stromness, Orkney KW16 3AW, Scotland (United Kingdom)

    2011-10-15

    Carbon markets are increasingly conscious of the social and environmental 'quality' of credits delivered by CDM projects. Consequently carbon credits are no longer viewed as a homogenous good and buyers now differentiate between credits supplied by different types of CDM project. The objective of this paper is to classify CER buyers according to their attitudes towards and preferences for CDM sustainability labels. K-means clustering was used to segment a sample of buyers into two clusters. The results indicate that two clear clusters exist with distinct profile patterns. Moreover, the results of discriminant analysis confirmed that the two-cluster solution was valid. Finally, the results of the chi-square analysis and a cross-tabulation showed that these two clusters were significantly different in: organization type; level of paid up capital; perception of sustainable development benefits; perception of return on investment; perception of image of the sustainability labeling; participation in the voluntary market; the project priority; knowledge in the sustainability label; attitude towards the host country's duty; and their willingness to pay. - Highlights: > The K-means clustering was used to classify CER buyers in the primary market. > The carbon market is divided into two: the premium market; and the normal market. > Governments tend to be members of the premium market. > 82% of members in the premium market are willing to pay a price premium for CERs.

  6. Classifying carbon credit buyers according to their attitudes towards and involvement in CDM sustainability labels

    International Nuclear Information System (INIS)

    Parnphumeesup, Piya; Kerr, Sandy A.

    2011-01-01

    Carbon markets are increasingly conscious of the social and environmental 'quality' of credits delivered by CDM projects. Consequently carbon credits are no longer viewed as a homogenous good and buyers now differentiate between credits supplied by different types of CDM project. The objective of this paper is to classify CER buyers according to their attitudes towards and preferences for CDM sustainability labels. K-means clustering was used to segment a sample of buyers into two clusters. The results indicate that two clear clusters exist with distinct profile patterns. Moreover, the results of discriminant analysis confirmed that the two-cluster solution was valid. Finally, the results of the chi-square analysis and a cross-tabulation showed that these two clusters were significantly different in: organization type; level of paid up capital; perception of sustainable development benefits; perception of return on investment; perception of image of the sustainability labeling; participation in the voluntary market; the project priority; knowledge in the sustainability label; attitude towards the host country's duty; and their willingness to pay. - Highlights: → The K-means clustering was used to classify CER buyers in the primary market. → The carbon market is divided into two: the premium market; and the normal market. → Governments tend to be members of the premium market. → 82% of members in the premium market are willing to pay a price premium for CERs.

  7. Is LambdaCDM consistent with the Tully-Fisher relation?

    Science.gov (United States)

    Reyes, Reinabelle; Gunn, J. E.; Mandelbaum, R.

    2013-07-01

    We consider the question of the origin of the Tully-Fisher relation in LambdaCDM cosmology. Reproducing the observed tight relation between stellar masses and rotation velocities of disk galaxies presents a challenge for semi-analytical models and hydrodynamic simulations of galaxy formation. Here, our goal is to construct a suite of galaxy mass models that is fully consistent with observations, and that also reproduces the observed Tully-Fisher relation. We take advantage of a well-defined sample of disk galaxies in SDSS with measured rotation velocities (from long-slit spectroscopy of H-alpha), stellar bulge and disk profiles (from fits to SDSS images), and average dark matter halo masses (from stacked weak lensing of a larger, similarly-selected sample). The primary remaining freedom in the mass models come from the final dark matter halo profile (after contraction from baryon infall and, possibly, feedback) and the stellar IMF. We find that the observed velocities are reproduced by models with Kroupa IMF and NFW (i.e., unmodified) dark matter haloes for galaxies with stellar masses 10^9-10^10 M_sun. For higher stellar masses, models with contracted NFW haloes are favored. A scenario in which the amount of halo contraction varies with stellar mass is able to reproduce the observed Tully-Fisher relation over the full stellar mass range of our sample from 10^9 to 10^11 M_sun. We present this as a proof-of-concept for consistency between LambdaCDM and the Tully-Fisher relation.

  8. Local stakeholder participation in CDM and new climate mitigation mechanisms – case study of a small scale hydropower project in China

    DEFF Research Database (Denmark)

    Dong, Yan; Olsen, Karen Holm; Filzmoser, Eva

    2014-01-01

    and China’s stakeholder participation policies in environment impact assessment at project level, the PDD of this project and similar projects were analyzed providing an overall impression of the stakeholder participations process and results in such projects. Afterwards, we focused on a single case, where...... that the Clean Development Mechanism (CDM) Executive Board should collect information on practices for local stakeholder consultation in collaboration with the Designated National Authorities (DNA) Forum and provide technical assistance for the development of guidelines for local stakeholder participation......, if a country requests assistance. Learning from a case study of how local stakeholder participation is practiced in CDM in a small scale hydropower project in China, this paper identifies the strengths and weaknesses of how the concept is applied in practice. To understand the execution of both CDM policies...

  9. Environmental regulations and emissions trading in China

    International Nuclear Information System (INIS)

    Chang, Y.-C.; Wang Nannan

    2010-01-01

    This paper begins with the international context concerning climate change and how China fits into this context. Concentration is then turning into the emissions control system in China including environmental planning, legislation, policy instruments and measures as well as institutional setting in China's environmental governance system. Special attentions also being paid to emissions control in China's power sector. It should be noted that the pollution discharge permit system in China only exists superficially in many places. Insufficient resources are applied to the implementation of the said permit system, which in turn means that the system is applied according to differing standards in different parts of the country. The findings of this paper suggested that emissions trading programmes are usually introduced alongside the existing policies. The power sector usually has numerous other policy objectives and therefore the design and implementation of emissions trading programmes in the sector will have to address concern about the compatibility of existing industry policies.

  10. Water Quality Trading when Nonpoint Pollution Loads are Stochastic

    OpenAIRE

    Ghosh, Gaurav; Shortle, James

    2009-01-01

    We compare two tradable permit markets in their ability to meet a stated environmental target at least cost when some polluters have stochastic and non-measurable emissions. The environmental target is of the safety-first type, which requires probabilistic emissions control. One market is built around the trading ratio, which defines the substitution rate between stochastic and deterministic pollution, and is modeled on existing markets for water quality trading. The other market is built aro...

  11. TAX TREATMENT OF CARBON CREDIT OPERATIONS IN BRAZILIAN COMPANIES WITH CDM PROJECTS

    Directory of Open Access Journals (Sweden)

    Vanderlei dos Santos

    2012-06-01

    Full Text Available The aim in this study is to identify the tax treatment applied to carbon credit operations in Brazilian companies that are developing projects in the context of the Clean Development Mechanism (CDM. Therefore, an exploratory research with a qualitative approach was developed. Data were collected with the help of questionnaire, forwarded to all Brazilian companies with CDM projects that received approval from the Inter-Ministerial Commission on Global Climate Change (CIMGC without safeguards, according to the list of the Brazilian Ministry of Science and Technology. Out of 117 companies listed, only five answered the research instrument, which represents an accessibility sample. The results show that, as for the tax treatment applied in the companies under analysis, IRPJ and CSLL should be charged on carbon credit operations. Regarding PIS, COFINS, ISS, some companies considered that these taxes are due and others that they are not. There is a consensus, though, about the fact that ICMS and IOF should not be charged. In conclusion, no uniform understanding exists as of yet about due taxes in the research sample, as no specific fiscal legislation exists yet on carbon credits in Brazil.

  12. International distortions of competition under emissions trading due to differences in national permit allocation. Theory and empirical analysis of the EU-energy intensive industry

    International Nuclear Information System (INIS)

    Brockhagen, D.

    2004-03-01

    The first part develops a theory of distortions of competition among competing firms, induced by differences in the method and/or stringency of national allocation of greenhouse gas emission permits in an international emissions trading system. By applying neoclassical theory on output optimisation, price setting and other factors such as R and D expenditures, five potentially distorting effects are identified for perfect and imperfect markets,. The second part develops economic indicators and a two tier approach, which can be applied empirically, in order to test whether an industry is vulnerable to the potential effects found before. The third part applies the two tier approach empirically to four sectors of the energy intensive industry in the EU: steel making, cement, oil refining and electricity generation. The steel industry is the most vulnerable industry, followed by oil refining, whereas cement and electricity are not vulnerable. At a permit price of 20 euros/ton CO 2 , and with national allocations that differ more than 40% in terms of allowed emissions per ton product output, this thesis predicts that some steel makers would be forced out of the market. (author)

  13. The Idea of Global CO2 Trade

    DEFF Research Database (Denmark)

    Svendsen, Gert Tinggaard

    1999-01-01

    -effective control which can solve future global environmental problems. The economic gains from 'hot air' distributions of permits and CO2 trade make the system politically attractive to potential participants. For example, vital financial subsidies from the EU to Eastern Europe are to be expected. It will probably...

  14. A COMPARATIVE ANALYSIS OF THE SUPERNOVA LEGACY SURVEY SAMPLE WITH ΛCDM AND THE Rh=ct UNIVERSE

    International Nuclear Information System (INIS)

    Wei, Jun-Jie; Wu, Xue-Feng; Melia, Fulvio; Maier, Robert S.

    2015-01-01

    The use of Type Ia supernovae (SNe Ia) has thus far produced the most reliable measurement of the expansion history of the universe, suggesting that ΛCDM offers the best explanation for the redshift–luminosity distribution observed in these events. However, analysis of other kinds of sources, such as cosmic chronometers, gamma-ray bursts, and high-z quasars, conflicts with this conclusion, indicating instead that the constant expansion rate implied by the R h = ct universe is a better fit to the data. The central difficulty with the use of SNe Ia as standard candles is that one must optimize three or four nuisance parameters characterizing supernova (SN) luminosities simultaneously with the parameters of an expansion model. Hence, in comparing competing models, one must reduce the data independently for each. We carry out such a comparison of ΛCDM and the R h = ct universe using the SN Legacy Survey sample of 252 SN events, and show that each model fits its individually reduced data very well. However, since R h = ct has only one free parameter (the Hubble constant), it follows from a standard model selection technique that it is to be preferred over ΛCDM, the minimalist version of which has three (the Hubble constant, the scaled matter density, and either the spatial curvature constant or the dark energy equation-of-state parameter). We estimate using the Bayes Information Criterion that in a pairwise comparison, the likelihood of R h = ct is ∼90%, compared with only ∼10% for a minimalist form of ΛCDM, in which dark energy is simply a cosmological constant. Compared to R h = ct, versions of the standard model with more elaborate parametrizations of dark energy are judged to be even less likely

  15. Public Interest vs. Interest Groups: Allowance Allocation in the EU Emission Trading Scheme

    Energy Technology Data Exchange (ETDEWEB)

    Anger, Niels; Oberndorfer, Ulrich (Centre for European Economic Research, Mannheim (Germany)); Boehringer, Christoph (Carl von Ossietzky Univ., Oldenburg (Germany))

    2008-07-01

    We assess the political-economy determinants of allowance allocation in the EU Emissions Trading Scheme (EU ETS). A common-agency model suggests that the government considers the preferences of sectoral interest groups when allocating emissions permits, so that industries with a more powerful lobby face a lower regulatory burden. An empirical analysis of the first trading phase of the EU ETS corroborates our theoretical prediction, but also reveals that the political-economy determinants of permit allocation are more complex. Employing instrumental-variable estimation technique, we find that large carbon emitters that were represented by powerful interest groups received higher levels of emissions allowances

  16. 27 CFR 4.92 - Alternative names permitted for temporary use.

    Science.gov (United States)

    2010-04-01

    ... 27 Alcohol, Tobacco Products and Firearms 1 2010-04-01 2010-04-01 false Alternative names permitted for temporary use. 4.92 Section 4.92 Alcohol, Tobacco Products and Firearms ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE TREASURY LIQUORS LABELING AND ADVERTISING OF WINE American...

  17. Evaluation of CO2 free electricity trading market in Japan by multi-agent simulations

    International Nuclear Information System (INIS)

    Sichao, Kan; Yamamoto, Hiromi; Yamaji, Kenji

    2010-01-01

    As of November 2008, a new market, the CO 2 free electricity market, started pilot trading within the Japan Electric Power Exchange (JEPX). The electricity in this market comes from renewable resources, nuclear or fossil thermal power with CDM credits. The demanders of the CO 2 free electricity are supposed to be the power companies with high emission rates. In this paper, we analyzed the effects of the new market by using a multi-agent based model to simulate the markets. From our simulation results, we found that the demander, under strict CO 2 emission regulations, tends to buy more electricity from the new CO 2 free market even though the price of this market is higher than that of the normal power exchange market. Suppliers with hydro or nuclear power plants only sell their electricity to the CO 2 free market, and suppliers with coal power plants also enter this market (with CDM credits). The media and peak demands in the normal market are met mainly by electricity from LNG power plants. We also compared the results from the multi-agent approach with those from the least-cost planning approach and found that the results of the two methods were similar. (author)

  18. ΛCDM model with dissipative nonextensive viscous dark matter

    Science.gov (United States)

    Gimenes, H. S.; Viswanathan, G. M.; Silva, R.

    2018-03-01

    Many models in cosmology typically assume the standard bulk viscosity. We study an alternative interpretation for the origin of the bulk viscosity. Using nonadditive statistics proposed by Tsallis, we propose a bulk viscosity component that can only exist by a nonextensive effect through the nonextensive/dissipative correspondence (NexDC). In this paper, we consider a ΛCDM model for a flat universe with a dissipative nonextensive viscous dark matter component, following the Eckart theory of bulk viscosity, without any perturbative approach. In order to analyze cosmological constraints, we use one of the most recent observations of Type Ia Supernova, baryon acoustic oscillations and cosmic microwave background data.

  19. Framework Design and Influencing Factor Analysis of a Water Environmental Functional Zone-Based Effluent Trading System

    Science.gov (United States)

    Chen, Lei; Han, Zhaoxing; Li, Shuang; Shen, Zhenyao

    2016-10-01

    The efficacy of traditional effluent trading systems is questionable due to their neglect of seasonal hydrological variation and the creation of upstream hot spots within a watershed. Besides, few studies have been conducted to distinguish the impacts of each influencing factor on effluent trading systems outputs. In this study, a water environmental functional zone-based effluent trading systems framework was configured and a comprehensive analysis of its influencing factors was conducted. This proposed water environmental functional zone-based effluent trading systems was then applied for the control of chemical oxygen demand in the Beiyun River watershed, Beijing, China. Optimal trading results highlighted the integration of water quality constraints and different hydrological seasons, especially for downstream dischargers. The optimal trading of each discharger, in terms of pollutant reduction load and abatement cost, is greatly influenced by environmental and political factors such as background water quality, the location of river assessment points, and tradable discharge permits. In addition, the initial permit allowance has little influence on the market as a whole but does impact the individual discharger. These results provide information that is critical to understanding the impact of policy design on the functionality of an effluent trading systems.

  20. Framework Design and Influencing Factor Analysis of a Water Environmental Functional Zone-Based Effluent Trading System.

    Science.gov (United States)

    Chen, Lei; Han, Zhaoxing; Li, Shuang; Shen, Zhenyao

    2016-10-01

    The efficacy of traditional effluent trading systems is questionable due to their neglect of seasonal hydrological variation and the creation of upstream hot spots within a watershed. Besides, few studies have been conducted to distinguish the impacts of each influencing factor on effluent trading systems outputs. In this study, a water environmental functional zone-based effluent trading systems framework was configured and a comprehensive analysis of its influencing factors was conducted. This proposed water environmental functional zone-based effluent trading systems was then applied for the control of chemical oxygen demand in the Beiyun River watershed, Beijing, China. Optimal trading results highlighted the integration of water quality constraints and different hydrological seasons, especially for downstream dischargers. The optimal trading of each discharger, in terms of pollutant reduction load and abatement cost, is greatly influenced by environmental and political factors such as background water quality, the location of river assessment points, and tradable discharge permits. In addition, the initial permit allowance has little influence on the market as a whole but does impact the individual discharger. These results provide information that is critical to understanding the impact of policy design on the functionality of an effluent trading systems.

  1. Cosmic constraint on massive neutrinos in viable f(R) gravity with producing ΛCDM background expansion

    Energy Technology Data Exchange (ETDEWEB)

    Lu, Jianbo; Wu, Yabo; Wang, Yan; Yang, Weiqiang [Liaoning Normal University, Department of Physics, Dalian (China); Liu, Molin [Xinyang Normal University, Department of Physics, Xinyang (China)

    2016-12-15

    Tensions between several cosmic observations were found recently, such as the inconsistent values of H{sub 0} (or σ{sub 8}) were indicated by the different cosmic observations. Introducing the massive neutrinos in ΛCDM could potentially solve the tensions. Viable f(R) gravity producing ΛCDM background expansion with massive neutrinos is investigated in this paper. We fit the current observational data: Planck-2015 CMB, RSD, BAO, and SNIa to constrain the mass of neutrinos in viable f(R) theory. The constraint results at 95% confidence level are: Σm{sub ν} < 0.202 eV for the active-neutrino case, m{sub ν,sterile}{sup eff} < 0.757 eV with N{sub eff} < 3.22 for the sterile neutrino case. For the effects due to the mass of the neutrinos, the constraint results on model parameter at 95% confidence level become f{sub R0} x 10{sup -6} > -1.89 and f{sub R0} x 10{sup -6} > -2.02 for two cases, respectively. It is also shown that the fitting values of several parameters much depend on the neutrino properties, such as the cold dark matter density, the cosmological quantities at matter-radiation equality, the neutrino density and the fraction of baryonic mass in helium. Finally, the constraint result shows that the tension between direct and CMB measurements of H{sub 0} gets slightly weaker in the viable f(R) model than that in the base ΛCDM model. (orig.)

  2. A Policy Analysis and Quantitative Assessment of Key Issues Arising from Climate Change Negotiations Following COP 7

    Energy Technology Data Exchange (ETDEWEB)

    Sager, J M

    2003-04-01

    This paper aims to assess the consequences of the amendments made to the Kyoto Protocol during COP 7 in Marrakech. Following a comprehensive policy analysis, the major issue of 'hot air' and CDM transaction costs is examined using the CERT model. This was done to show that primary supply regions, typically those with 'hot air' availability, might control the emissions reduction permit supply market and maximise net export revenues of permit supply by withholding 40 to 60% of available 'hot air' credits. The assumption that primary permit suppliers control permit price via a restriction of 'hot air' supply to the market will inadvertently leave a portion of the market share open to Non-Annex B CDM supply, despite potentially extreme variance in CDM transaction costs. A summary table of policy implications on the emissions reduction permit market is also included in the Appendix. (author)

  3. EU climate change policy 2013-2020: Using the Clean Development Mechanism more effectively in the non-EU-ETS Sector

    International Nuclear Information System (INIS)

    Gorecki, Paul K.; Lyons, Sean; Tol, Richard S.J.

    2010-01-01

    Under European Union proposals for CO 2 emission reduction between 2013 and 2020, a Member State can transfer to another Member State the right to use its unused Clean Development Mechanism ('CDM') credits. The paper addresses three issues in relation to these CDM Warrants ('CDM W '). First, how should the Member State treat the CDM W in making decisions concerning emission reduction? The price of the property right is an important signal for a Member State in deciding the level of domestic abatement compared to trading in CDM W s. In other words, a shadow price for CDM W s should be used in formulating the emission strategy in order to determine whether or not a Member State is a buyer or seller of CDM W s. Second, what mechanism should be used to facilitate the exchange of CDM W s? The preferred mechanism depends on the market size, over which there appears to be some ambiguity: market intermediaries such as Over-the-Counter trades and exchanges are preferred if market size is small; auctions if the market size is large. Third, who should realise the value of CDM W s-the State, existing polluters, etc.? The value of CDM W s should accrue to the State. - Research highlights: →Clean Development Mechanism Warrants (CDMw) reduce the costs of emission reduction. →Member States should explicitly take into account the value of the CDM w s. →Appropriate market mechanisms - exchanges or auctions - should be created. →The value of CDM w s should accrue to government.

  4. An emissions trading regime for Canada

    International Nuclear Information System (INIS)

    Smith, S.L.

    2001-01-01

    In 1998, over twelve papers were published on emissions trading regimes in Canada by the National Round Table on the Environment and the Economy (NRTEE), a federal government agency whose members represent stakeholders as varied as business, environmental groups, academics, aboriginal groups and others. One of the recommendations that emerged was for the computer modelling of the possibilities that had been identified for a domestic trading regime in Canada for greenhouse gases. It is unclear whether the modelling was ever performed as the file was taken over by the Finance Department under the umbrella of a special emission trading table that examined Canada's commitment under the Kyoto Protocol. The author examined questions pertaining to whether a domestic trading regime is essential, and what its characteristics should be in case it was deemed essential or advisable to have one. The upstream versus downstream application was looked at, as well as grand-fathering versus auction. Provincial issues were then addressed, followed by meshing with a credit system. International systems were reviewed. Early action was discussed, whereby an emitter seeks credit for action taken toward reductions since the original reference year of 1990. The case of emitters having bought or sold permits since the original reference years will also want those trades recognized under a trading regime. The author indicated that it seems probable that an emission trading system will eventually be implemented and that a debate on the issue should be initiated early

  5. Mechanisms for Limiting Trade Mark Rights to Further Competition and Free Speech

    DEFF Research Database (Denmark)

    Ramsey, Lisa P; Schovsbo, Jens Hemmingsen

    2013-01-01

    This article evaluates the different mechanisms that nations use to limit trade mark rights to promote competition, free speech, and other public interests. It shows how EU and US trade mark laws seem to be converging towards a similar model which includes both (1) specific statutory defenses...... of these mechanisms for limiting trade mark rights to better protect the public interest in trade mark disputes. Finally, a proposal for reform is suggested. It consists of three parts: (1) domestic legislatures should revise their trade mark statutes to add more mandatory and specific limitations on trade mark...... to trade mark violations and (2) trade mark doctrines which give courts flexibility to permit unauthorized uses of marks that further the legitimate interests of the accused infringer and the public. Such a development should be welcomed and the article urges other nations to consider adopting one or both...

  6. Evaluating Public Plantation and Community Planted Forests under the CDM and REDD+ Mechanism for Carbon Stock in Nepal

    Directory of Open Access Journals (Sweden)

    Ram Asheshwar MANDAL

    2013-09-01

    Full Text Available Public plantations (PPs and Community planted forests (CPFs are inimitable types of participatory forest management practices in Nepal, but their eligibility issues under the framework of clean development mechanism (CDM and reducing emission from the deforestation and forest degradation mechanism (REDD+ are not evaluated. So, to explore the management system of PP and CPF, we compared forest carbon stocks in plantations and evaluated these plantations under these mechanisms as objectives of this research. The relevant documents were revised and altogether 55 samples were collected from Shreepur, Banauta and Bisbity PPs and Sita, Ramnagar and Jogikuti CPFs, in Mahottary district, Nepal. The equation of Chave et al was used to calculate the biomass, which was further converted into carbon. Meanwhile, management practices were evaluated under the framework of CDM and REDD+. The PPs are public land managed, especially by disadvantaged communities, while CPFs are the patches of national forest managed by users. The variation in carbon stock was found to be highest (148.89 ton ha-1 in Sita CPF and lowest (30.34 ton ha-1 in Bisbitty PP. In fact, it is difficult to certify plantations under CDM, due to its complexity, but they can easily be candidate to the REDD+ mechanism, if they are bundled with large forest blocks.

  7. A Comparative Analysis of the Supernova Legacy Survey Sample With ΛCDM and the Rh=ct Universe

    Science.gov (United States)

    Wei, Jun-Jie; Wu, Xue-Feng; Melia, Fulvio; Maier, Robert S.

    2015-03-01

    The use of Type Ia supernovae (SNe Ia) has thus far produced the most reliable measurement of the expansion history of the universe, suggesting that ΛCDM offers the best explanation for the redshift-luminosity distribution observed in these events. However, analysis of other kinds of sources, such as cosmic chronometers, gamma-ray bursts, and high-z quasars, conflicts with this conclusion, indicating instead that the constant expansion rate implied by the Rh = ct universe is a better fit to the data. The central difficulty with the use of SNe Ia as standard candles is that one must optimize three or four nuisance parameters characterizing supernova (SN) luminosities simultaneously with the parameters of an expansion model. Hence, in comparing competing models, one must reduce the data independently for each. We carry out such a comparison of ΛCDM and the Rh = ct universe using the SN Legacy Survey sample of 252 SN events, and show that each model fits its individually reduced data very well. However, since Rh = ct has only one free parameter (the Hubble constant), it follows from a standard model selection technique that it is to be preferred over ΛCDM, the minimalist version of which has three (the Hubble constant, the scaled matter density, and either the spatial curvature constant or the dark energy equation-of-state parameter). We estimate using the Bayes Information Criterion that in a pairwise comparison, the likelihood of Rh = ct is ˜90%, compared with only ˜10% for a minimalist form of ΛCDM, in which dark energy is simply a cosmological constant. Compared to Rh = ct, versions of the standard model with more elaborate parametrizations of dark energy are judged to be even less likely. This work is dedicated to the memory of Prof. Tan Lu, who sadly passed away 2014 December 3. Among his many achievements, he is considered to be one of the founders of high-energy astrophysics, and a pioneer in modern cosmology, in China.

  8. Reheating via Gravitational Particle Production in Simple Models of Quintessence or ΛCDM Inflation

    Directory of Open Access Journals (Sweden)

    Jaume de Haro

    2017-11-01

    Full Text Available We have tested some simple Λ CDM (the same test is also valid for quintessence inflation models, imposing that they match with the recent observational data provided by the BICEP and Planck’s team and leading to a reheating temperature, which is obtained via gravitational particle production after inflation, supporting the nucleosynthesis success.

  9. The Influence of Low-carbon Economy on Global Trade Pattern

    Science.gov (United States)

    Xiao-jing, Guo

    Since global warming has seriously endangered the living environment of human being and their health and safety, the development of low-carbon economy has become an irreversible global trend. Under the background of economic globalization, low-carbon economy will surely exert a significant impact on global trade pattern. Countries are paying more and more attention to the green trade. The emission permits trade of carbon between the developed countries and the developing countries has become more mature than ever. The carbon tariff caused by the distribution of the "big cake" will make the low-cost advantage in developing countries cease to exist, which will, in turn, affect the foreign trade, economic development, employment and people's living in developing countries. Therefore, under the background of this trend, we should perfect the relevant laws and regulations on trade and environment as soon as possible, optimize trade structure, promote greatly the development of service trade, transform thoroughly the mode of development in foreign trade, take advantage of the international carbon trading market by increasing the added value of export products resulted from technological innovation to achieve mutual benefit and win-win results and promote common development.

  10. 25 CFR 141.14 - Trade in livestock restricted.

    Science.gov (United States)

    2010-04-01

    ... 25 Indians 1 2010-04-01 2010-04-01 false Trade in livestock restricted. 141.14 Section 141.14... livestock restricted. (a) No person other than an enrolled member of the tribe or any association... livestock from tribal members without a special permit issued by the Commissioner. (b) The Commissioner...

  11. THE VELOCITY FUNCTION IN THE LOCAL ENVIRONMENT FROM ΛCDM AND ΛWDM CONSTRAINED SIMULATIONS

    International Nuclear Information System (INIS)

    Zavala, J.; Jing, Y. P.; Faltenbacher, A.; Yepes, G.; Hoffman, Y.; Gottloeber, S.; Catinella, B.

    2009-01-01

    Using constrained simulations of the local universe for generic cold dark matter (CDM) and for 1 keV warm dark matter (WDM), we investigate the difference in the abundance of dark matter halos in the local environment. We find that the mass function (MF) within 20 h -1 Mpc of the Local Group is ∼2 times larger than the universal MF in the 10 9 -10 13 h -1 M sun mass range. Imposing the field of view of the ongoing H I blind survey Arecibo Legacy Fast ALFA (ALFALFA) in our simulations, we predict that the velocity function (VF) in the Virgo-direction region (VdR) exceeds the universal VF by a factor of 3. Furthermore, employing a scheme to translate the halo VF into a galaxy VF, we compare the simulation results with a sample of galaxies from the early catalog release of ALFALFA. We find that our simulations are able to reproduce the VF in the 80-300 km s -1 velocity range, having a value ∼10 times larger than the universal VF in the VdR. In the low-velocity regime, 35-80 km s -1 , the WDM simulation reproduces the observed flattening of the VF. In contrast, the simulation with CDM predicts a steep rise in the VF toward lower velocities; for V max = 35 km s -1 , it forecasts ∼10 times more sources than the ones observed. If confirmed by the complete ALFALFA survey, our results indicate a potential problem for the CDM paradigm or for the conventional assumptions about energetic feedback in dwarf galaxies.

  12. Wind power projects in the CDM: Methodologies and tools for baselines, carbon financing and sustainability analysis

    International Nuclear Information System (INIS)

    Ringius, L.; Grohnheit, P.E.; Nielsen, L.H.; Olivier, A.L.; Painuly, J.; Villavicencio, A.

    2002-12-01

    The report is intended to be a guidance document for project developers, investors, lenders, and CDM host countries involved in wind power projects in the CDM. The report explores in particular those issues that are important in CDM project assessment and development - that is, baseline development, carbon financing, and environmental sustainability. It does not deal in detail with those issues that are routinely covered in a standard wind power project assessment. The report tests, compares, and recommends methodologies for and approaches to baseline development. To present the application and implications of the various methodologies and approaches in a concrete context, Africa's largest wind farm-namely the 60 MW wind farm located in Zafarana, Egypt- is examined as a hypothetical CDM wind power project The report shows that for the present case example there is a difference of about 25% between the lowest (0.5496 tCO2/MWh) and the highest emission rate (0.6868 tCO 2 /MWh) estimated in accordance with these three standardized approaches to baseline development according to the Marrakesh Accord. This difference in emission factors comes about partly as a result of including hydroelectric power in the baseline scenario. Hydroelectric resources constitute around 21% of the generation capacity in Egypt, and, if excluding hydropower, the difference between the lowest and the highest baseline is reduced to 18%. Furthermore, since the two variations of the 'historical' baseline option examined result in the highest and the lowest baselines, by disregarding this baseline option altogether the difference between the lowest and the highest is reduced to 16%. The ES3-model, which the Systems Analysis Department at Risoe National Laboratory has developed, makes it possible for this report to explore the project-specific approach to baseline development in some detail. Based on quite disaggregated data on the Egyptian electricity system, including the wind power production

  13. Five essays on emissions trading

    Energy Technology Data Exchange (ETDEWEB)

    Godal, Odd

    2005-03-01

    The thesis discusses energy, environmental and economic aspects of polluting emissions with emphasis on greenhouse gas trade and political measures. 5 papers are included with titles: 1) Carbon trading across sources and periods constrained by the Marrakesh Accords which examines examine the potential effects on permit prices and abatement costs of four compliance rules governing emissions trade across sources and periods in the Kyoto Protocol: The banking rule that allows excess permits to be used later; the restoration rate rule that penalizes borrowing; the commitment period reserve rule that limits sales; and finally, the suspension rule that restricts borrowing and sales. Our framework is a two-period model where parties may be out of compliance in the Kyoto period, but are assumed to comply at a later time. Under varying assumptions about market power and US participation, we find that the rules may have pronounced effects on individual costs, but overall efficiency is not severely affected. 2) Affine price expectations and equilibrium in strategic markets which considers equilibrium in imperfect markets, featuring agents who exchange property rights. Important cases include trade in emission permits of greenhouse gases, or exchange of catch quotas of fish. Some players act strategically while others are price-takers. The ''demand curve'' is endogenous, and it affects all parties. The resulting, reduced objectives need not be concave. Therefore, existence of equilibrium is a delicate matter. To simplify things, and to ensure availability of ''equilibria up to first order'', we presume that all strategic agents form affine price expectations. 3) Greenhouse gases, quota exchange and oligopolistic competition that discusses the problem how quotas can be shared in the ''emissions market'' and how can the agents reach as overall equilibrium in the product market. 4) Strategic markets in property rights

  14. Five essays on emissions trading

    Energy Technology Data Exchange (ETDEWEB)

    Godal, Odd

    2005-03-01

    The thesis discusses energy, environmental and economic aspects of polluting emissions with emphasis on greenhouse gas trade and political measures. 5 papers are included with titles: 1) Carbon trading across sources and periods constrained by the Marrakesh Accords which examines examine the potential effects on permit prices and abatement costs of four compliance rules governing emissions trade across sources and periods in the Kyoto Protocol: The banking rule that allows excess permits to be used later; the restoration rate rule that penalizes borrowing; the commitment period reserve rule that limits sales; and finally, the suspension rule that restricts borrowing and sales. Our framework is a two-period model where parties may be out of compliance in the Kyoto period, but are assumed to comply at a later time. Under varying assumptions about market power and US participation, we find that the rules may have pronounced effects on individual costs, but overall efficiency is not severely affected. 2) Affine price expectations and equilibrium in strategic markets which considers equilibrium in imperfect markets, featuring agents who exchange property rights. Important cases include trade in emission permits of greenhouse gases, or exchange of catch quotas of fish. Some players act strategically while others are price-takers. The ''demand curve'' is endogenous, and it affects all parties. The resulting, reduced objectives need not be concave. Therefore, existence of equilibrium is a delicate matter. To simplify things, and to ensure availability of ''equilibria up to first order'', we presume that all strategic agents form affine price expectations. 3) Greenhouse gases, quota exchange and oligopolistic competition that discusses the problem how quotas can be shared in the ''emissions market'' and how can the agents reach as overall equilibrium in the product market. 4) Strategic markets in property rights without price-takers that deals with Cournot-type models of

  15. A Policy Analysis and Quantitative Assessment of Key Issues Arising from Climate Change Negotiations Following COP 7

    Energy Technology Data Exchange (ETDEWEB)

    Sager, J. M

    2003-04-01

    This paper aims to assess the consequences of the amendments made to the Kyoto Protocol during COP 7 in Marrakech. Following a comprehensive policy analysis, the major issue of 'hot air' and CDM transaction costs is examined using the CERT model. This was done to show that primary supply regions, typically those with 'hot air' availability, might control the emissions reduction permit supply market and maximise net export revenues of permit supply by withholding 40 to 60% of available 'hot air' credits. The assumption that primary permit suppliers control permit price via a restriction of 'hot air' supply to the market will inadvertently leave a portion of the market share open to Non-Annex B CDM supply, despite potentially extreme variance in CDM transaction costs. A summary table of policy implications on the emissions reduction permit market is also included in the Appendix. (author)

  16. Potential gains from CO2 trading in the EU

    DEFF Research Database (Denmark)

    Svendsen, Gert Tinggaard; Vesterdal, Morten

    2003-01-01

    A new Green Paper from the European Commission on emissions trading foresees the setting-up of a CO2 trading system within the EU for the energy sector. Because any such international environmental agreement is self-enforcing, the participants must have an economic net gain from joining the propo......A new Green Paper from the European Commission on emissions trading foresees the setting-up of a CO2 trading system within the EU for the energy sector. Because any such international environmental agreement is self-enforcing, the participants must have an economic net gain from joining...... the proposed system. Our contribution is therefore to follow the Green Paper proposal and investigate whether member countries and the largest industrial boilers in the electricity sector actually will get significant net gains from CO2 trade in the European Union rather than undertaking domestic actions...... solely. We show, based on PRIMES model, that a full CO2 emission trading system between Annex B countries suggest overall cost savings in the order of 40 % compared to a situation with no trading at all between Member States. A tradable CO2 permit scheme with comprehensive coverage of emissions within...

  17. Carbon trading and carbon taxation: how to consider biotic sources and sinks

    International Nuclear Information System (INIS)

    Madlener, Reinhard; Schlamadinger, Bernhard

    1999-01-01

    The Kyoto Protocol (KP) to the UNFCCC includes land-use change and forestry in the carbon accounting process, limited to afforestation, reforestation and deforestation since 1990, and explicitly provides for the option of using a variety of flexibility mechanisms to meet the greenhouse gas (GHG) reduction targets stipulated in a more cost-efficient manner. Domestically, different countries might adopt different approaches to achieve their emission reduction objectives, such as carbon trading or carbon taxation, and it is not clear to date what the implications for bioenergy use, forestry, and land-use change can be expected to be. With respect to national GHG emissions trading, the main issues studied in this paper are: Should trading of fossil fuel emissions allowances be coupled with trading of biotic credits and debits? Should credits for carbon sequestration in forests be auctioned or grandfathered? Should there be a distinction between a carbon permit issued for an additional biotic sink and those issued for fossil fuel carbon emissions? Is there a difference for biotic carbon sinks and sources between one-time permits and permits that allow a continued release of GHG over some pre-specified time? Should permits be issued only for the carbon-stock changes that count under the KP? With respect to national carbon taxation schemes, two questions are investigated: Should a tax credit be given for afforestation/reforestation (and a tax debit for deforestation)? Should tax credits also be given for projects that sequester carbon but do not count under the KP (such as forest protection rather than forest management)? For both schemes a crucial point is that by the formulation chosen in the KP two different classes of forest are created (i.e. those counted and those not counted under the KP), so that the implications for land prices might be significant. From a conceptual point of view this paper addresses the above-mentioned questions and contrasts some of the major

  18. Magnetized $\\Lambda$CDM inhomogeneities and the cosmic dark ages

    CERN Document Server

    Giovannini, Massimo

    2011-01-01

    Exact solutions of the perturbations equations in the magnetized LambdaCDM scenario are presented. They apply during the dark ages and, more specifically, after the baryons are freed from the drag of the photons. The magnetized growth rate of matter perturbations is compared with the growth index obtained in the concordance paradigm and under the assumption that dark energy does not cluster for a redshift window ranging from the epoch of reionization to the stage of dark-energy dominance. The constraints derived from this analysis are shown to be qualitatively complementary and quantitatively competitive with the bounds stemming from the analysis of the distortion patterns induced by the magnetized adiabatic mode on the temperature and polarization anisotropies of the Cosmic Microwave Background.

  19. 50 CFR 23.36 - What are the requirements for an export permit?

    Science.gov (United States)

    2010-10-01

    ... IMPORTATION OF WILDLIFE AND PLANTS (CONTINUED) CONVENTION ON INTERNATIONAL TRADE IN ENDANGERED SPECIES OF WILD... agreement. (b) U.S. application forms. Complete the appropriate form for the proposed activity and submit it... certain ports or regional offices: Type of application for an export permit Form no. (1) CITES:American...

  20. DISCOVERY OF A SUPERCLUSTER AT z ∼ 0.91 AND TESTING THE ΛCDM COSMOLOGICAL MODEL

    Energy Technology Data Exchange (ETDEWEB)

    Kim, Jae-Woo; Im, Myungshin; Lee, Seong-Kook; Hyun, Minhee; Kim, Dohyeong; Choi, Changsu; Hong, Jueun; Kim, Yongjung; Taak, Yoon Chan; Yoon, Yongmin [Center for the Exploration of the Origin of the universe, Department of Physics and Astronomy, Seoul National University, Seoul 151-742 (Korea, Republic of); Edge, Alastair C. [Department of Physics, University of Durham, South Road, Durham DH1 3LE (United Kingdom); Jeon, Yiseul; Jun, Hyunsung David; Karouzos, Marios; Kim, Duho [Astronomy Program, FPRD, Department of Physics and Astronomy, Seoul National University, Seoul 151-742 (Korea, Republic of); Kim, Ji Hoon [Subaru Telescope, National Astronomical Observatory of Japan, 650 North A’ohoku Place, Hilo, HI 96720 (United States); Park, Won-Kee, E-mail: kjw0704@gmail.com, E-mail: mim@astro.snu.ac.kr [Korea Astronomy and Space Science Institute, Daejeon 305-348 (Korea, Republic of)

    2016-04-10

    The ΛCDM cosmological model successfully reproduces many aspects of the galaxy and structure formation of the universe. However, the growth of large-scale structures (LSSs) in the early universe is not well tested yet with observational data. Here, we have utilized wide and deep optical–near-infrared data in order to search for distant galaxy clusters and superclusters (0.8 < z < 1.2). From the spectroscopic observation with the Inamori Magellan Areal Camera and Spectrograph (IMACS) on the Magellan telescope, three massive clusters at z ∼ 0.91 are confirmed in the SSA22 field. Interestingly, all of them have similar redshifts within Δ z ∼ 0.01 with velocity dispersions ranging from 470 to 1300 km s{sup −1}. Moreover, as the maximum separation is ∼15 Mpc, they compose a supercluster at z ∼ 0.91, meaning that this is one of the most massive superclusters at this redshift to date. The galaxy density map implies that the confirmed clusters are embedded in a larger structure stretching over ∼100 Mpc. ΛCDM models predict about one supercluster like this in our surveyed volume, consistent with our finding so far. However, there are more supercluster candidates in this field, suggesting that additional studies are required to determine if the ΛCDM cosmological model can successfully reproduce the LSSs at high redshift.

  1. Project baselines and boundaries for project-based GHG emission reduction trading : a report to the Greenhouse Gas Emission Trading Pilot Program

    Energy Technology Data Exchange (ETDEWEB)

    Lazarus, M.; Kartha, S.; Bernow, S. [Tellus Inst., Boston, MA (United States)

    2001-04-01

    One of the great challenges for policy makers in the twenty first century is turning out to be global climate change caused by greenhouse gas emissions. Recent setbacks in international negotiations do not preclude the imposition of national emission targets. One option being studied to increase the economic efficiency of meeting these targets is the creation of emissions trading markets. The exploration of credit trading in the field of greenhouse gas emissions is carried out under the banner of the Greenhouse Gas Emission Reduction Trading (GERT) Pilot Project. One of its objectives is the development of the institutional framework required for the Clean Development Mechanism (CDM), Joint Implementation (JI), and other international credit trading programs. To ensure credits are awarded to projects in a fair and transparent manner, technical, methodological, and administrative processes must be put in place. The determination of project baselines and project boundaries represent two of the main challenges confronting policy makers in awarding the credits. A review of baseline and boundary methods was initiated by GERT, and this report also contains a description of the main advantages and drawbacks of the various methods being considered. Lessons learned and opportunities are especially important for GERT to provide proper guidance to developers. The context and rationale for baselines and boundary setting are first explored in this report, as well as the issues of importance, and common criteria for the evaluation of alternative methods. The principal options for baseline determination, advantages and disadvantages, and applicability in various contexts were reviewed in section 2. The topic of avoided electricity use, and how to set consistent baselines for it are discussed in section 3. Project boundary is the topic of section 4, including leakage, upstream and downstream emissions, rebound and positive spillover effects, and means by which these issues can de

  2. 15 CFR 922.48 - National Marine Sanctuary permits-application procedures and issuance criteria.

    Science.gov (United States)

    2010-01-01

    ... 15 Commerce and Foreign Trade 3 2010-01-01 2010-01-01 false National Marine Sanctuary permits..., DEPARTMENT OF COMMERCE OCEAN AND COASTAL RESOURCE MANAGEMENT NATIONAL MARINE SANCTUARY PROGRAM REGULATIONS Regulations of General Applicability § 922.48 National Marine Sanctuary permits—application procedures and...

  3. Analysis of the impacts of combining carbon taxation and emission trading on different industry sectors

    International Nuclear Information System (INIS)

    Lee, Cheng F.; Lin, Sue J.; Lewis, Charles

    2008-01-01

    Application of price mechanisms has been the important instrument for carbon reduction, among which the carbon tax has been frequently advocated as a cost-effective economic tool. However, blanket taxes applied to all industries in a country might not always be fair or successful. It should therefore be implemented together with other economic tools, such as emission trading, for CO 2 reduction. This study aims to analyze the impacts of combining a carbon tax and emission trading on different industry sectors. Results indicate that the 'grandfathering rule (RCE2000)' is the more feasible approach in allocating the emission permit to each industry sector. Results also find that the accumulated GDP loss of the petrochemical industry by the carbon tax during the period 2011-2020 is 5.7%. However, the accumulated value of GDP will drop by only 4.7% if carbon taxation is implemented together with emission trading. Besides, among petrochemical-related industry sectors, up-stream sectors earn profit from emission trading, while down-stream sectors have to purchase additional emission permits due to failure to achieve their emission targets

  4. Electricity trade: Generating benefits for British Columbians

    International Nuclear Information System (INIS)

    1994-01-01

    Electricity has been traded in British Columbia since the turn of the century. In 1988, the provincial government established the British Columbia Power Exchange Corporation (Powerex) to conduct electricity trade activities in order to make the most efficient use of the electrial system and generate benefits for British Columbians. The trade is made possible by an interconnected system linking producers and consumers in western Canada and the USA. Provincial participants in the trade include British Columbia Hydro, independent power producers, and cogenerators. Benefits of the electricity trade include generation of revenue from sale of surplus power, being able to buy electricity when the mainly hydroelectric provincial system is in a drought condition or when major shutdowns occur, and enabling postponement of development of new power projects. Powerex conducts its trade under provincial and federal permits and licenses. Different types of trade contracts are negotiated depending on the amount and availability of electricity and the kind of trade being conducted. Exchanges and coordination agreements allow transfer and return between utilities with no net export occurring, allowing balancing of loads between different reigons. Surplus electricity is bought or sold on a short- or long-term basis and on firm or non-firm terms. Electricity exports are not subsidized and are only allowed if the electricity is surplus to provincial needs and can be sold at a profit. A new provincial policy allows private industry to export long-term firm electricity; this involves construction of new private-sector generating facilities solely for the purpose of export. 1 fig

  5. The Clean-Development Mechanism, stochastic permit prices and energy investments

    International Nuclear Information System (INIS)

    Hieronymi, Philipp; Schüller, David

    2015-01-01

    We analyze the impact on energy investments stemming from different emission permit classes, by considering permits that are allocated inside the European Emission Trading Scheme and secondary Certified Emission Reduction (sCER) permits originating from the Clean Development Mechanism. One price taking firm which is subject to emission regulation has the choice to invest in gas or wind power plant. The firm faces uncertainty regarding stochastically evolving permit prices, while it receives a premium on the electricity price for wind energy. As a first step, we determine the value of the option to invest into a gas power plant over time. Then, we calculate the investment probability of a gas power investment in a range of policy scenarios. We find that allowing the usage of sCER permits in the present policy framework has a positive impact on gas power investment. Decoupling the price processes has a similar effect. If the quota of sCER permits is doubled, the decrease in the investment probability for wind power is large. We carry out sensitivity tests for different parameter values, and find that investment behavior changes significantly with differing interest rates, the wind energy premium and volatility. - Highlights: • We model the impact of two CO 2 permit classes on energy investments. • We present a real-options framework accounting for uncertainty. • Clean Development Mechanism permits have a negative influence on investment into renewable energy. • Interest rate and volatility values have a strong impact on the results

  6. 53 Cocoa Export Permit and Quota System In Nigeria During World ...

    African Journals Online (AJOL)

    NGOZI

    Cocoa Export Permit and Qota System in Nigerian during World War II, 1939-45. 54 by the war-time ... The main thesis is to demonstrate that the licencing of cocoa ... hindered or blocked economic growth in Nigeria, in what. Acemoglu and ... literature on the impact of World War II on global produce trade. World War II and ...

  7. Allocation of carbon permits within a country. A general equilibrium analysis of the United Kingdom

    International Nuclear Information System (INIS)

    Edwards, T.H.; Hutton, J.P.

    2001-01-01

    The Kyoto agreement includes international trade in carbon permits from 2008. We have used a CGE model to evaluate methods of allocating permits within the UK. Auctioning is broadly similar to a carbon tax, with revenues recycled to reduce other distortions. 'Grandfathering' some permits free to large firms would mean a loss of recycling and, possibly, give windfall profits to foreigners. Alternatively, regularly revised allocation, using 'best practice' estimates, would be similar to recycling revenue as an output subsidy. Such a system could allow much of the potential 'double dividend' to be realised, though an auction system might still be preferable

  8. The clean development mechanism versus international permit trading: The effect on technological change

    International Nuclear Information System (INIS)

    Hagem, Cathrine

    2009-01-01

    The clean development mechanism of the Kyoto Protocol may induce technological change in developing countries. As an alternative to the clean development mechanism regime, developing countries may accept a (generous) cap on their own emissions, allow domestic producers to invest in new efficient technologies, and sell the excess emission permits on the international permit market. The purpose of this article is to show how the gains from investment, and hence the incentive to invest in new technology in developing countries, differ between the two alternative regimes. We show that the difference in the gains from investment depends on whether the producers in developing countries face competitive or noncompetitive output markets, whether the investment affects fixed or variable production costs, and whether producers can reduce emissions through means other than investing in new technology. (author)

  9. Short Term Electric Production Technology Switching Under Carbon Cap and Trade

    Directory of Open Access Journals (Sweden)

    Donald F. Larson

    2012-10-01

    Full Text Available This study examines fuel switching in electricity production following the introduction of the European Union’s Emissions Trading System (EU ETS for greenhouse gas emissions. A short-run restricted cost equation is estimated with carbon permits, high-carbon fuels, and low carbon fuels as variable inputs. Shadow values and substitution elasticities for carbon-free energy resources from nuclear, hydroelectric and renewable sources are imputed from the cost equation. The empirical analysis examines 12 European countries using monthly data on fuel use, prices, and electricity generation during the first phase of the European Emissions Trading System. Despite low emission permit prices, this study finds statistically significant substitution between fossil fuels and carbon free sources of energy for electric power production. Significant substitution between fossil fuels and nuclear energy also was found. Still, while 18 of the 20 substitution elasticities are statistically significant, they are all less than unity, consistent with limited substitution. Overall, these results suggest that prices for carbon emission permits relative to prices for carbon and carbon free sources of energy do matter but that electric power producers have limited operational flexibility in the short-run to satisfy greenhouse gas emission limits.

  10. The impact of later trading hours for Australian public houses (hotels) on levels of violence.

    Science.gov (United States)

    Chikritzhs, Tanya; Stockwell, Tim

    2002-09-01

    To examine the impact of later trading hours for licensed hotels (Australian public houses are usually known as "hotels") in Perth, Western Australia, on levels of violent assault on or near these premises. Data on assault offenses reported to police between July 1, 1991, and June 30, 1997, were examined to identify those offenses that occurred on or close to hotels. During this period, 45 (24%) of the 188 hotels meeting study criteria were granted an extended trading permit for 1AM closing ("ETP hotels"), whereas the rest continued to close at midnight ("non-ETP hotels"). A time-series analysis employing linear regression was used to test whether there was a relationship between the introduction of extended trading and monthly rates of assaults associated with ETP hotels, while controlling for the general trend in assault rates among normally trading hotels. Possible confounders and other variables of interest (e.g., levels of alcohol purchases) were also examined. After controlling for the general trend in assaults occurring throughout Perth hotels, there was a significant increase in monthly assault rates for hotels with late trading following the introduction of extended trading permits. This relationship was largely accounted for by higher volumes of high alcohol content beer, wine and distilled spirits purchased by late trading hotels. Late trading was associated with both increased violence in and around Perth hotels and increased levels of alcohol consumption during the study period. It is suggested that greater numbers of patrons and increased levels of intoxication contributed to the observed increase in violence and that systematic planning and evaluation of late trading licenses is required.

  11. Refining models for quantifying the water quality benefits of improved animal management for use in water quality trading

    Science.gov (United States)

    Water quality trading (WQT) is a market-based approach that allows point sources of water pollution to meet their water quality obligations by purchasing credits from the reduced discharges from other point or nonpoint sources. Non-permitted animal operations and fields of permitted animal operatio...

  12. Quantifying Third-Party Impacts and Environmental Externalities from a Cap-And-Trade System for Groundwater Management

    Science.gov (United States)

    Khan, H. F.; Yang, Y. C. E.; Brown, C.

    2016-12-01

    Economic decision models, such as the cap-and-trade system, have been shown to be useful in the context of groundwater management. A uniformly applied cap-and-trade system can however result in significant spatially and temporally varying hydrogeologic impacts that reduce public welfare. Hydrological challenges associated with the cap-and-trade system for groundwater management include establishing appropriate system boundaries, setting system-wide sustainable yield and limiting third party impacts from extractions. Given these challenges, these economic models need to be supplemented with physically based hydrogeologic models that are able to represent the spatial and temporal heterogeneity in conditions across a region. This investigation assesses third-party impacts and environmental externalities resulting from a cap-and-trade system in a sub-basin of the Republican River Basin, overlying the Ogallala aquifer in the High Plains of the United States. The economic model is coupled with a calibrated physically based groundwater model. The cap-and-trade system is developed using a multi-agent system model where individual benefits of each self-interested agent are maximized subject to bounds on irrigation requirements and water use permits. We then compare the performance of the cap-and-trade system with a smart groundwater market which, in addition to a cap on total groundwater extraction, also incorporates streamflow constraints. The results quantify third-party impacts and environmental externalities resulting from uncontrolled trading. This analysis demonstrates the value added by a well-designed cap-and-trade system able to account for basin-wide heterogeneity in hydrogeologic and ecological conditions by establishing trading limits, managing inter-area transfers and setting exchange rates for permit trading.

  13. Nutrient Credit Trading--a Market-based Approach for Improving Water Quality

    Science.gov (United States)

    Farmers are getting financial rewards for implementing conservation measures on their farms. Industrial wastewater treatment plants are buying credits generated from these measures to meet their NPDES permit regulatory requirements. This is referred to as “water quality trading.” The treatment p...

  14. Effluent trading in river systems through stochastic decision-making process: a case study.

    Science.gov (United States)

    Zolfagharipoor, Mohammad Amin; Ahmadi, Azadeh

    2017-09-01

    The objective of this paper is to provide an efficient framework for effluent trading in river systems. The proposed framework consists of two pessimistic and optimistic decision-making models to increase the executability of river water quality trading programs. The models used for this purpose are (1) stochastic fallback bargaining (SFB) to reach an agreement among wastewater dischargers and (2) stochastic multi-criteria decision-making (SMCDM) to determine the optimal treatment strategy. The Monte-Carlo simulation method is used to incorporate the uncertainty into analysis. This uncertainty arises from stochastic nature and the errors in the calculation of wastewater treatment costs. The results of river water quality simulation model are used as the inputs of models. The proposed models are used in a case study on the Zarjoub River in northern Iran to determine the best solution for the pollution load allocation. The best treatment alternatives selected by each model are imported, as the initial pollution discharge permits, into an optimization model developed for trading of pollution discharge permits among pollutant sources. The results show that the SFB-based water pollution trading approach reduces the costs by US$ 14,834 while providing a relative consensus among pollutant sources. Meanwhile, the SMCDM-based water pollution trading approach reduces the costs by US$ 218,852, but it is less acceptable by pollutant sources. Therefore, it appears that giving due attention to stability, or in other words acceptability of pollution trading programs for all pollutant sources, is an essential element of their success.

  15. La abundancia de galaxias y halos de materia oscura en el universo CDM

    Science.gov (United States)

    Abadi, M. G.; Benítez-Llambay, A.; Ferrero, I.

    A long-standing puzzle of CDM cosmological model concerns to the different shape of the galaxy stellar mass function and the halo mass function on dwarf galaxy scales. Dwarf galaxies are much less numerous than halos massive enough to host them; suggesting a complex non-linear relation between the mass of a galaxy and the mass of its surrounding halo. Usually; this is reconciled by appealing to baryonic processes that can reduce the efficiency of galaxy formation in low-mass halos. Recent work applying the abundance matching technique require that virtually no dwarf galaxies form in halos with virial mass below . We use rotation curves of dwarf galaxies compiled from the literature to explore whether their total enclosed mass is consistent with these constraints. Almost one-half of the dwarfs in our sample are at odds with this restriction; they are in halos with masses substantially below . Using a cosmological simulation of the formation of the Local Group of galaxies we found that ram-pressure stripping against the cosmic web removes baryons from low-mass halos without appealing to feedback or reionization. This mechanism may help to explain the scarcity of dwarf galaxies compared with the numerous low-mass halos expected in CDM and the large diversity of star formation histories and morphologies characteristic of faint galaxies. FULL TEXT IN SPANISH

  16. Emission permits trading as a climate change policy mechanism - the difference between ideology and implementation; Der Emissionshandel als klimaschutzpolitisches Instrument zwischen Ideologie und praktischem Einsatz

    Energy Technology Data Exchange (ETDEWEB)

    Schafhausen, F. [Bundesministerium fuer Umwelt, Naturschutz und Reaktorsicherheit, Berlin (Germany)

    2002-08-01

    The article summarizes the conflicting opinions and political objectives of industrial associations, traders in the energy markets, and national and EU public authorities. Whilst many European industrial associations of the energy sector developed a positive position on the emission permits trading scheme, and eurelectric for instance refers to the economic advantages offered to the electric power industry, there are some lines of business and electric utilities in Germany who strictly refuse to deal with the issue. (orig./CB) [German] Der Artikel fasst Kritik und ablehnende wie positive Meinungen zu dem Thema ''Einfuehrung des Emissionshandels'' zusammen. Waehrend sich die europaeischen Wirtschaftsverbaende durchaus positiv mit dem Emissionshandel auseinandersetzen und z. B. eurelectric auf die wirtschftlichen Vorteile hinweist, blocken bestimmte Branchen und Unternehmen in Deutschland das Thema massiv ab. Die politischen Ziele und Umsetzungsstrategien werden ebenfalls dargestellt. (orig./CB)

  17. Monitoring, Accounting and Enforcement in Emissions Trading Regimes

    International Nuclear Information System (INIS)

    Peterson, S.

    2003-01-01

    Monitoring, accounting and enforcement have been addressed in quite a number of presentations, papers and discussions in the past four CATEP workshops. Besides drawing conclusions from the experiences with existing trading regimes, different aspects of compliance have been analysed in more detail and finally there has been a special focus on standardised accounting systems. This paper tries to summarise the diverse findings to get a comprehensive picture of what is needed to assure high compliance in emissions trading regimes and identify any specific problems. The first section focuses on real trading regimes that are all local or at most national. It describes the monitoring, accounting and enforcement systems in existing and planned trading regimes to get an idea of what such systems include and to draw conclusions from experience. One focus is on enforcement mechanisms, as different from monitoring and accounting, which are basically a question of regulation and technology, penalties and compliance are a question of choices by participants and can be analysed with analytic tools. Section 3 deals with specific monitoring, accounting and enforcement problems in international emissions trading. It describes the development of internationally standardised systems and discusses the commitment period reserve as one instrument to avoid overselling of permits in international emission trading under the Kyoto Protocol. Section 5 provides a summary and conclusion

  18. Viability of biofuel use in CDM (Clean Development Mechanisms) projects; Viabilidade do uso do biodiesel para projetos de MDL (Mecanismo de Desenvolvimento Limpo)

    Energy Technology Data Exchange (ETDEWEB)

    Fortes, Julio; Lima, Luciana Santana de [Universidade do Estado do Rio de Janeiro (UERJ), RJ (Brazil)

    2008-07-01

    Biodiesel, renewable energy source, has been adopted by several countries as a possible substitute for fossil fuels. Brazil, by its own, included oil and fat derived biofuel in its energetic matrix through National Politics for Biofuel Use and Production (NPBUP), issue in Law n. 11.097 of 01/13/2005. Many studies demonstrate the contribution of biofuel for Greenhouse Gases reduction, what turns projects using it into possible candidates for Clean Development Mechanism (CDM), instrument described in Kyoto Protocol. With purpose of studying the Brazilian potentiality of the insertion of biofuel into CDM projects, this report approaches many aspects related to CDM, as well the terms for being accepted as so. Through bibliographic review were listed the possibilities and the restraints for including biofuel in carbon market resulted, principally, by the obligation of its use; what goes against the principle of voluntary, for seen in the Protocol. I concluded analyzing the advantages of biofuel comparatively to environmental issues, emphasizing the necessity of making viable its entrance into carbon credits market. (author)

  19. Chapter 4: Agriculture and trade

    International Nuclear Information System (INIS)

    Gray, P.S.

    1991-01-01

    This chapter describes the responses of governments to the fallout, particularly with respect to the contamination of food and the effect of governmental decisions on agriculture and trade. To put the subsequent description of events in perspective, it is prefaced with a brief explanation of how permitted levels of radiation in food can be derived from radiation dose recommendations. Although much of this work was done after Chernobyl, it is one of several possible systematic calculation methods, a knowledge of which allows a better understanding of the limits adopted under the pressure of events. (orig.)

  20. The Southern African Development Community Trade Legal Instruments Compliance with Certain Criteria of GATT Article XXIV

    Directory of Open Access Journals (Sweden)

    A Saurombe

    2011-07-01

    Full Text Available Article XXIV of the General Agreement on Tariffs and Trade (GATT lays down the legal principles with which regional trade agreements have to conform. Based on these principles, WTO members have the mandate to determine the legality of Regional Trade Agreements (RTAs under the GATT. Article XXIV permits both regional and bilateral preferential trade agreements leading to the formation of customs unions and free trade areas, and seeks to integrate them in the multilateral trading system envisioned for the world. SADC is an RTA created under this Article. Notwithstanding the controversies surrounding the provisions and interpretation of Article XXIV, this paper seeks to establish the extent to which the SADC Protocol on Trade and free trade area comply with WTO rules. An analysis of selected Article XXIV provisions and the SADC Trade Protocol provisions will be undertaken in trying to establish this compliance.

  1. The EU Seal Products Ban – Why Ineffective Animal Welfare Protection Cannot Justify Trade Restrictions under European and International Trade Law

    Directory of Open Access Journals (Sweden)

    Martin Hennig

    2015-03-01

    Full Text Available In this article, the author questions the legitimacy of the general ban on trade in seal products adopted by the European Union. It is submitted that the EU Seal Regime, which permits the marketing of Greenlandic seal products derived from Inuit hunts, but excludes Canadian and Norwegian seal products from the European market, does not ensure a satisfactory degree of animal welfare protection in order to justify the comprehensive trade restriction in place. It is argued that the current ineffective EU ban on seal products, which according to the WTO Appellate Body cannot be reconciled with the objective of protecting animal welfare, has no legal basis in EU Treaties and should be annulled.

  2. Active rc filter permits easy trade-off of amplifier gain and sensitivity to gain

    Science.gov (United States)

    Kerwin, W. J.; Shaffer, C. V.

    1968-01-01

    Passive RC network was designed with zeros of transmission in the right half of the complex frequency plane in the feedback loop of a simple negative-gain amplifier. The proper positioning provides any desired trade-off between amplifier gain and sensitivity to amplifier gain.

  3. The political economy of emissions trading

    International Nuclear Information System (INIS)

    Hanoteau, J.

    2004-06-01

    This thesis is a positive analysis of emissions trading systems' implementation. We explain why allowances are generally granted for free even though normative economic analysis recommends their sale. We show empirically that free tradable permits, source of windfall profit, motivate rent seeking behaviours. The study focuses on the US market for SO 2 emissions allowances. The initial allocation rule resulted from parliamentary discussions that looked like a zero sum game. We formalize it as an endogenous sharing rule, function of lobbying effort, and we test it using political (money) contributions.We analyse theoretically the behaviour of an influenced regulator that has chosen to organize a market for permits and that must still decide on two policy variables: the whole quantity of permits and the way to allocate them initially. We formalize this decisions making process with the common agency model of politics.We show that the choice of an initial allocation rule is not neutral in presence of political market failures (lobbying). The decision to sell the permits or to grant them for free modifies the shareholders' incentive, in a polluting industry, to pressure for or against the reduction of legal emissions.Then, we analyse the public arbitration between the two policy variables when several industrial lobbies play a partially cooperative game for the free permits. The regulator chooses in priority to grant the rights for free rather than to manipulate their quantity, and this constitutes an efficient answer to the political influence. (author)

  4. A decision aid tool for equity issues analysis in emission permit allocations

    International Nuclear Information System (INIS)

    Vaillancourt, K.; Waaub, J.P.

    2004-01-01

    The general intention of global climate agreements is to stabilize greenhouse gases (GHG) concentrations in the atmosphere which contribute to climate change. Climate models indicate that the global average temperature will increase by about 1.4 to 5.8 degrees C by 2100 compared to the 1990 level. This study assumed the participation of all countries, including developing countries, to achieve a global GHG stabilization target. It examined international cooperation mechanisms such as permit trading to achieve global economic efficiency. The study proposed a decision aid tool that provides relevant information on various equitable permit allocation schemes. A dynamic multicriterion model was presented to share the global quantity of permits among 15 regions. Multiple definitions of equity were considered. A realistic simulation of the World-MARKAL energy model was conducted to demonstrate the potential application of the scheme in international negotiations. The goal was to propose a range of permit allocations for each country in order to restrict the number of possibilities and guide negotiations. A model of the global reduction scenario makes it possible to determine cost effective solutions and to calculate reduction costs. Equity issues related to permit allocations were also addressed along with permit allocations and net reduction costs for each region. 45 refs., 5 tabs., 2 figs., 1 appendix

  5. Diagnosis of social and environmental evaluation of CDM (Clean Development Mechanism) projects; Diagnostico da sustentabilidade socioambiental nas atividades de projetos candidatos ao MDL (Mecanismo de Desenvolvimento Limpo)

    Energy Technology Data Exchange (ETDEWEB)

    Ziliotto, Marco Aurelio B.; Villa, Alessandra T.; Padilha, Simone L. Vieira; Canaverde, Patricia Margue [Instituto Ecoplan, PR (Brazil); Sanqueta, Carlos Roberto [Universidade Federal do Parana (UFPR), Curitiba, PR (Brazil)

    2004-07-01

    The Clean Development Mechanism (CDM) contributes to sustainability and to sustainable development in those countries where CDM projects are developed and helps the countries from Annex I to achieve their reduction targets to Greenhouse Gases. This paper presents a proposal of a social and environmental sustainability diagnosis making use of a tool called Social and Environmental Evaluation Matrix - MADSA{sup R}. Its purpose is to establish and measure appropriate sustainable indicators to evaluate projects to ensure development benefits of CDM projects in host countries in consistency with Annex I countries developmental goals. MADSA{sup R} methodology allows a definition of a social and environmental baseline to MDL projects, and provides information to any interested group of people, from stockholders to local community; showing its results. It allows a greater clients', stockholders' and investor's trust as it measures the development so it makes possible the diagnosis and the comparison between all phases of the project. It also contributes to a continuous improvement through the participation of benefit groups in the diagnosis. Besides being an evaluation method and a management tool, this proposal looks for being a reference as an indicator pattern that evaluates the sustainable social and environmental development of CDM projects. (author)

  6. f(R,T,RμνTμν) gravity phenomenology and ΛCDM universe

    International Nuclear Information System (INIS)

    Odintsov, Sergei D.; Sáez-Gómez, Diego

    2013-01-01

    We propose general f(R,T,R μν T μν ) theory as generalization of covariant Hořava-like gravity with dynamical Lorentz symmetry breaking. FRLW cosmological dynamics for several versions of such theory is considered. The reconstruction of the above action is explicitly done, including the numerical reconstruction for the occurrence of ΛCDM universe. De Sitter universe solutions in the presence of non-constant fluid are also presented. The problem of matter instability in f(R,T,R μν T μν ) gravity is discussed

  7. Project Mechanisms and Technology Diffusion in Climate Policy - Kyoto project mechanisms and technology diffusion

    International Nuclear Information System (INIS)

    Glachant, M.; Meniere, Y.

    2010-01-01

    The paper deals with the diffusion of GHG mitigation technologies in developing countries. We develop a model where an abatement technology is progressively adopted by firms and we use it to compare the Clean Development Mechanism (CDM) with a standard Cap and Trade scheme (C and T). In the presence of learning spillovers, we show that the CDM yields a higher social welfare than C and T if the first adopter receives CDM credits whereas the followers do not. This result lends support to the policy proposal of relaxing the CDM additionality constraint for projects which generate significant learning externalities. (authors)

  8. A Tale of Two Sites: Lessons on Leadership from the Implementation of a Long-term Care Delivery Model (CDM) in Western Canada.

    Science.gov (United States)

    Cloutier, Denise; Cox, Amy; Kampen, Ruth; Kobayashi, Karen; Cook, Heather; Taylor, Deanne; Gaspard, Gina

    2016-01-04

    Residential, long-term care serves vulnerable older adults in a facility-based environment. A new care delivery model (CDM) designed to promote more equitable care for residents was implemented in a health region in Western Canada. Leaders and managers faced challenges in implementing this model alongside other concurrent changes. This paper explores the question: How did leadership style influence team functioning with the implementation of the CDM? Qualitative data from interviews with leadership personnel (directors and managers, residential care coordinators and clinical nurse educators), and direct care staff (registered nurses, licensed practical nurses, health care aides, and allied health therapists), working in two different facilities comprise the main sources of data for this study. The findings reveal that leaders with a servant leadership style were better able to create and sustain the conditions to support successful model implementation and higher team functioning, compared to a facility in which the leadership style was less inclusive and proactive, and more resistant to the change. Consequently, staff at the second facility experienced a greater sense of overload with the implementation of the CDM. This study concludes that strong leadership is key to facilitating team work and job satisfaction in a context of change.

  9. A Tale of Two Sites: Lessons on Leadership from the Implementation of a Long-term Care Delivery Model (CDM in Western Canada

    Directory of Open Access Journals (Sweden)

    Denise Cloutier

    2016-01-01

    Full Text Available Residential, long-term care serves vulnerable older adults in a facility-based environment. A new care delivery model (CDM designed to promote more equitable care for residents was implemented in a health region in Western Canada. Leaders and managers faced challenges in implementing this model alongside other concurrent changes. This paper explores the question: How did leadership style influence team functioning with the implementation of the CDM? Qualitative data from interviews with leadership personnel (directors and managers, residential care coordinators and clinical nurse educators, and direct care staff (registered nurses, licensed practical nurses, health care aides, and allied health therapists, working in two different facilities comprise the main sources of data for this study. The findings reveal that leaders with a servant leadership style were better able to create and sustain the conditions to support successful model implementation and higher team functioning, compared to a facility in which the leadership style was less inclusive and proactive, and more resistant to the change. Consequently, staff at the second facility experienced a greater sense of overload with the implementation of the CDM. This study concludes that strong leadership is key to facilitating team work and job satisfaction in a context of change.

  10. Interactions of a tradable green certificate market with a tradable permits market

    DEFF Research Database (Denmark)

    Morthorst, Poul Erik

    2001-01-01

    certificate market to promote the development of renewables. If these two instruments are brought into play at the same time, two separate markets with two individual targets will co-exist in a number of countries. With a focus on the green certificate market, this paper discusses how these two markets may...... to achieve this emission reduction. More policy instruments are on hand to pursue this objective. Frequently discussed currently is the establishing of a market for tradable permits for CO2-emissions to achieve emission reductions in the power industry. In parallel with this is the introduction of a green...... interact with each other in international trade. Three different cases are analysed: (1) A green certificate market without any tradable permits scheme, (2) a green certificate market in combination with a tradable permits scheme, based on grandfathering and, finally, (3) a green certificate market...

  11. Study of atmospheric emission trading programs in the United States

    International Nuclear Information System (INIS)

    1991-01-01

    A detailed review and evaluation was conducted of federal and state atmospheric emission trading programs in the USA to identify the factors critical to a successful program. A preliminary assessment was also made of the feasibility of such a program for NOx and volatile organic compounds (VOC) in the lower Fraser Valley in British Columbia. To date, experience in the USA with atmospheric emissions trading has primarily involved trades of emission reduction credits pursuant to the 1977 Clean Air Act amendments. Most trades occur under netting provisions which allow expansion of an existing plant without triggering the stringent new-source review process. Six case studies of emissions trading are described from jurisdictions in California, New Jersey, and Kentucky and from the national SO 2 allowance trading program. Estimates of cost savings achieved by emissions trading are provided, and factors critical to a successful program are summarized. These factors include clearly defined goals, participation proportional to problem contribution, an emissions inventory of satisfactory quality, a comprehensive permit system, a credible enforcement threat, efficient and predictable administration, location of the program in an economic growth area, and support by those affected by the program. In the Fraser Valley, it is concluded that either an emissions reduction credit or an allowance trading system is feasible for both NOx and VOC, and recommendations are given for implementation of such a program based on the factors determined above. 1 fig., 8 tabs

  12. CDM (Clean development mechanism) like instrument for sustainable development?; MDL (mecanismo de desenvolvimento limpo) como instrumento para o desenvolvimento sustentavel?

    Energy Technology Data Exchange (ETDEWEB)

    Cunha, Kamyla Borges da; Walter, Arnaldo Cesar Silva; Varella, Fabiana Karla de Oliveira; Streb, Cleci Schalemberger [Universidade Estadual de Campinas (UNICAMP), Campinas, SP (Brazil). Fac. de Engenharia Mecanica. Curso de Pos-Graduaco em Planejamento de Sistemas Energeticos], e-mail: kamyla@fem.unicamp.br

    2004-07-01

    The intensification of the greenhouse effect, caused mainly by the anthropogenic activities, such as the intensive use of fossil fuels, reveals itself as a challenge to governments and international organizations. The institution of an international legal framework, resulted from the implementation of the United Nations Framework Convention on Climate Change and the Kyoto Protocol, is allowing the development of some mitigation instruments, such as the clean development mechanism (CDM). The article's purpose is to assess the social and economic aspects that are leading to the climate change process and to analyze the instruments foreseen in the international legal system to face this global concern, in special, the CDM as a tool to achieve sustainable development practices. In this way, the authors aims to demonstrate the connection and interdependence between those instruments and the sustainable development. (author)

  13. CDM (Clean development mechanism) like instrument for sustainable development?; MDL (mecanismo de desenvolvimento limpo) como instrumento para o desenvolvimento sustentavel?

    Energy Technology Data Exchange (ETDEWEB)

    Cunha, Kamyla Borges da; Walter, Arnaldo Cesar Silva; Varella, Fabiana Karla de Oliveira; Streb, Cleci Schalemberger [Universidade Estadual de Campinas (UNICAMP), Campinas, SP (Brazil). Fac. de Engenharia Mecanica. Curso de Pos-Graduaco em Planejamento de Sistemas Energeticos], e-mail: kamyla@fem.unicamp.br

    2004-07-01

    The intensification of the greenhouse effect, caused mainly by the anthropogenic activities, such as the intensive use of fossil fuels, reveals itself as a challenge to governments and international organizations. The institution of an international legal framework, resulted from the implementation of the United Nations Framework Convention on Climate Change and the Kyoto Protocol, is allowing the development of some mitigation instruments, such as the clean development mechanism (CDM). The article's purpose is to assess the social and economic aspects that are leading to the climate change process and to analyze the instruments foreseen in the international legal system to face this global concern, in special, the CDM as a tool to achieve sustainable development practices. In this way, the authors aims to demonstrate the connection and interdependence between those instruments and the sustainable development. (author)

  14. How to dismember a potent instrument - the intractability of the emission trade proposal of the European Commission

    International Nuclear Information System (INIS)

    Honkatukia, Juha; Kemppi, Heikki; Perrels, Adriaan

    2003-01-01

    The initiative of the European Commission to start up an emission trade system is fraught with difficulties. In order to be viable it should provide value added to justify the extra efforts it requires. A review of the draft-directive unveils many critical issues, that undermine the value added. Many proposed measures and conditions increase the cost of participation, and reduce the emission trade market volume, thereby affecting both level and volatility of the permit price. Furthermore, the proposed organisation of the system is unbalanced as it simultaneously leans on a devolution of policy planning tasks, a centralisation of decision rights and, an asymmetry in information levels and deployable specialist knowledge. As a consequence the directive proposals would complicate but not prevent gaming during the establishment and approval phase of the trade system. The paper discusses the burden sharing between trading and non-trading segments in the member countries, with special reference to Finland the possible responses of companies to increased transaction cost and uncertainty, and the consequences of the permit trade requirements for the earlier devised domestic climate policy and as a consequence for energy efficiency policies. The paper is based on a study conducted for the Ministry for the Environment, involving both an in-depth review of the directive and AGE-E3 model based calculations. The paper focuses on the analytical-qualitative clarification of effects. Some model results are added to underline the practical relevance of the identified risks and obstacles

  15. How to dismember a potent instrument - the intractability of the emission trade proposal of the European Commission

    Energy Technology Data Exchange (ETDEWEB)

    Honkatukia, Juha; Kemppi, Heikki; Perrels, Adriaan [Goverment Inst. of Economic Research, VATT, Helsinki (Finland)

    2003-07-01

    The initiative of the European Commission to start up an emission trade system is fraught with difficulties. In order to be viable it should provide value added to justify the extra efforts it requires. A review of the draft-directive unveils many critical issues, that undermine the value added. Many proposed measures and conditions increase the cost of participation, and reduce the emission trade market volume, thereby affecting both level and volatility of the permit price. Furthermore, the proposed organisation of the system is unbalanced as it simultaneously leans on a devolution of policy planning tasks, a centralisation of decision rights and, an asymmetry in information levels and deployable specialist knowledge. As a consequence the directive proposals would complicate but not prevent gaming during the establishment and approval phase of the trade system. The paper discusses the burden sharing between trading and non-trading segments in the member countries, with special reference to Finland the possible responses of companies to increased transaction cost and uncertainty, and the consequences of the permit trade requirements for the earlier devised domestic climate policy and as a consequence for energy efficiency policies. The paper is based on a study conducted for the Ministry for the Environment, involving both an in-depth review of the directive and AGE-E3 model based calculations. The paper focuses on the analytical-qualitative clarification of effects. Some model results are added to underline the practical relevance of the identified risks and obstacles.

  16. Tradable CO{sub 2} permits in Danish and European energy policy

    Energy Technology Data Exchange (ETDEWEB)

    Varming, S.; Vesterdal, M. [ELSAMPROJEKT A/S (Denmark); Boerre Eriksen, P. [Eltra I/S (Denmark); Grohnheit, P.E.; Nielsen, L. [RISOe (Denmark); Tinggaard Svendsen, G. [Handelshoejskolen i Aarhus (Denmark)

    2000-08-01

    This report presents the results of the project 'Tradable CO{sub 2} permits in Danish and European energy policy'. The project was financed by a grant from the Danish Energy Research Programme 1998 (Grant 1753/98-0002). The project was conducted in co-operation between Elsamprojekt A/S (project manager), Risoe National Laboratory, Aarhus School of Business and I/S Eltra. The three major objectives of the project were: To identify and analyse the economical and political issues that are relevant with regard to the construction of a tradable CO{sub 2} permit market as well as proposing a suitable design for a tradable CO{sub 2} permit market for the energy sector in the EU. Experience from the tradable S{sub O}2 permit market in the US is taken into consideration as well. To present an overview of price estimates of CO{sub 2} and greenhouse gas permits in different models as well as discussing the assumptions leading to the different outcomes. Furthermore, the special role of backstop technologies in relation to permit prices is analysed. To analyse the connection between CO{sub 2} permit prices and technology choice in the energy sector in the medium and longer term (i.e., 2010 and 2020) with a special emphasis on combined heat and power and renewables. In addition, the short-term effects on CO{sub 2} emissions and electricity trade of introducing tradable CO{sub 2} permit with limited coverage (i.e. a national system) as well as complete coverage (i.e. including all the countries) in the Nordic electricity system are analysed. (au)

  17. Tradable CO{sub 2} permits in Danish and European energy policy

    Energy Technology Data Exchange (ETDEWEB)

    Varming, S; Vesterdal, M [ELSAMPROJEKT A/S (Denmark); Boerre Eriksen, P [Eltra I/S (Denmark); Grohnheit, P E; Nielsen, L [RISOe (Denmark); Tinggaard Svendsen, G [Handelshoejskolen i Aarhus (Denmark)

    2000-08-01

    This report presents the results of the project 'Tradable CO{sub 2} permits in Danish and European energy policy'. The project was financed by a grant from the Danish Energy Research Programme 1998 (Grant 1753/98-0002). The project was conducted in co-operation between Elsamprojekt A/S (project manager), Risoe National Laboratory, Aarhus School of Business and I/S Eltra. The three major objectives of the project were: To identify and analyse the economical and political issues that are relevant with regard to the construction of a tradable CO{sub 2} permit market as well as proposing a suitable design for a tradable CO{sub 2} permit market for the energy sector in the EU. Experience from the tradable S{sub O}2 permit market in the US is taken into consideration as well. To present an overview of price estimates of CO{sub 2} and greenhouse gas permits in different models as well as discussing the assumptions leading to the different outcomes. Furthermore, the special role of backstop technologies in relation to permit prices is analysed. To analyse the connection between CO{sub 2} permit prices and technology choice in the energy sector in the medium and longer term (i.e., 2010 and 2020) with a special emphasis on combined heat and power and renewables. In addition, the short-term effects on CO{sub 2} emissions and electricity trade of introducing tradable CO{sub 2} permit with limited coverage (i.e. a national system) as well as complete coverage (i.e. including all the countries) in the Nordic electricity system are analysed. (au)

  18. Separating expansion from contraction: generalized TOV condition, LTB models with pressure and $\\Lambda$CDM

    CERN Document Server

    Delliou, Morgan Le; Mimoso, José Pedro

    2010-01-01

    We discuss the existence of a dividing shell separating expanding and collapsing regions in spherically symmetric solutions with pressure. We obtain gauge invariant conditions relating not only the intrinsic spatial curvature of the shells to the ADM mass, but also a function of the pressure which we introduce that generalises the Tolman-Oppenheimer-Volkoff equilibrium condition, in the framework of a 3+1 spacetime splitting. We consider the particular case of a Lema\\^itre-Tolman-Bondi dust models with a cosmological constant (a $\\Lambda$-CDM model) as an example of our results.

  19. Λ(t)CDM model as a unified origin of holographic and agegraphic dark energy models

    International Nuclear Information System (INIS)

    Chen Yun; Zhu Zonghong; Xu Lixin; Alcaniz, J.S.

    2011-01-01

    Motivated by the fact that any nonzero Λ can introduce a length scale or a time scale into Einstein's theory, r Λ =ct Λ =√(3/|Λ|). Conversely, any cosmological length scale or time scale can introduce a Λ(t), Λ(t)=3/r Λ 2 (t)=3/(c 2 t Λ 2 (t)). In this Letter, we investigate the time varying Λ(t) corresponding to the length scales, including the Hubble horizon, the particle horizon and the future event horizon, and the time scales, including the age of the universe and the conformal time. It is found out that, in this scenario, the Λ(t)CDM model can be taken as the unified origin of the holographic and agegraphic dark energy models with interaction between the matter and the dark energy, where the interacting term is determined by Q=-ρ . Λ . We place observational constraints on the Λ(t)CDM models originating from different cosmological length scales and time scales with the recently compiled 'Union2 compilation' which consists of 557 Type Ia supernovae (SNIa) covering a redshift range 0.015≤z≤1.4. In conclusion, an accelerating expansion universe can be derived in the cases taking the Hubble horizon, the future event horizon, the age of the universe and the conformal time as the length scale or the time scale.

  20. Next allocation phase of the EU emissions trading scheme: How tough will the future be?

    International Nuclear Information System (INIS)

    Georgopoulou, E.; Sarafidis, Y.; Mirasgedis, S.; Lalas, D.P.

    2006-01-01

    The development of National Allocation Plans (NAPs) for the first phase 2005-2007 of the EU emissions trading scheme (EU-ETS) was accompanied by the stated concern of the industrial enterprises with installations that fall under the scope of the relevant Directive 2003/87, since the impacts of the allocation in their financial and technical modes of operation were judged to be severe. Thus, the intensity of the negotiations for the next allocation phase (i.e. 2008-2012), is expected to be heated. With a view to assisting enterprises, especially in the energy sector or for which energy use and its management is a crucial part of their activity, to incorporate in their business plans the impacts of the Directive in an informed manner, an attempt is made here to explore the constraints and the available options that will guide the coming EU-ETS potential allocations. In the analysis, the credits derived from the use of CDM are specifically taken into account. The results show that the next allocations would tend to be significantly more stringent than the current ones because of the combined effect of no inter-period transfer of allowances, the amount of CDM credits expected to be available compared to the amount of effort that would be required and the yield of emission reductions from existing or planned policies and measures. It becomes then crucial, if not imperative, for the enterprises involved as well as national governments to examine carefully means to address their obligations under the Directive

  1. Carbon trading as incentive for conversion to organic agriculture. Case study. Organic peanuts in Tanzania

    Energy Technology Data Exchange (ETDEWEB)

    Bodnar, F.

    2005-12-15

    In this pilot project, the climate effects of the conversion from conventional to organic cultivation of peanuts are evaluated. We could aim at voluntary carbon credits that do not comply with the CDM (Clean Development Mechanisms) rules, but we try to meet the CDM rules by combining it with a agroforestry component. However, in the example of Tanzania meeting the CDM rules was a problem. The agricultural system in Tanzania consists of a rotation of several years cultivation and several years fallow. This fallow of grass, shrubs and trees could be considered as 'forest'. Taking fallow land into cultivation would then be deforestation, which would make the planting of trees no longer eligible under CDM. This is a shame because the traditional 'slash and burn' system emits a lot of greenhouse gases.

  2. Emission trading schemes: potential revenue effects, compliance costs and overall tax policy issues

    International Nuclear Information System (INIS)

    Pope, Jeff; Owen, Anthony D.

    2009-01-01

    The case for the imposition of carbon (emission) taxes or tradable carbon permits in important tax jurisdictions is arguably strong, based upon the polluter pays principle first proposed by Pigou almost a century ago. This paper briefly reviews the arguments for and against these market-based instruments, and discusses their relative advantages and disadvantages in a practical context. In the case of Australia, the revenue effect of the proposed tradable carbon permits scheme is estimated to be A$11.5 billion in 2010-11. For comparison, this is roughly equivalent to a quarter of the revenue from the Goods and Services Tax. The paper focuses on three neglected aspects of climate change taxation discussion to date: how much tax revenue is likely to be raised, and the administrative and compliance costs of an emissions trading scheme, with particular reference to Australia. In discussing these issues, the paper draws upon selected and relevant international experience, particularly the European Union emissions trading scheme. The challenges of an emissions trading scheme, including integration with the existing tax system, particularly in an Australian context, are also discussed. The paper concludes by emphasising the key challenges and issues facing this 'ultimate externality' debate, particularly from a taxation policy perspective.

  3. Waste management CDM projects barriers NVivo 10® qualitative dataset.

    Science.gov (United States)

    Bufoni, André Luiz; de Sousa Ferreira, Aracéli Cristina; Oliveira, Luciano Basto

    2017-12-01

    This article contains one NVivo 10® file with the complete 432 projects design documents (PDD) of seven waste management sector industries registered as Clean Development Mechanism (CDM) under United Nations Framework Convention on Climate Change (UNFCCC) Kyoto Protocol Initiative from 2004 to 2014. All data analyses and sample statistics made during the research remain in the file. We coded PDDs in 890 fragments of text, classified in five categories of barriers (nodes): technological, financial, human resources, regulatory, socio-political. The data supports the findings of author thesis [1] and other two indexed publication in Waste Management Journal: "The financial attractiveness assessment of large waste management projects registered as clean development mechanism" and "The declared barriers of the large developing countries waste management projects: The STAR model" [2], [3]. The data allows any computer assisted qualitative content analysis (CAQCA) on the sector and it is available at Mendeley [4].

  4. When the Forest was Ours: : Ownership and Partnership in a CDM Forestry Project in Southwestern Ethiopia

    OpenAIRE

    Gashaw, Aynalem Getachew

    2012-01-01

    An Afforestation and Reforestation Clean Development Mechanism (A/R CDM) project is a forest conservation project that involves global, national and local actors. The interests and expectations of these actors are different. They have different levels of knowledge and financial as well as technological capacities influencing the project outcomes. There is a clear power asymmetry among these partners and this will have an impact on planning and implementation. The purpose of this study i...

  5. Testing the feasibility of a hypothetical whaling-conservation permit market in Norway.

    Science.gov (United States)

    Huang, Biao; Abbott, Joshua K; Fenichel, Eli P; Muneepeerakul, Rachata; Perrings, Charles; Gerber, Leah R

    2017-08-01

    A cap-and-trade system for managing whale harvests represents a potentially useful approach to resolve the current gridlock in international whale management. The establishment of whale permit markets, open to both whalers and conservationists, could reveal the strength of conservation demand, about which little is known. This lack of knowledge makes it difficult to predict the outcome of a hypothetical whale permit market. We developed a bioeconomic model to evaluate the influence of economic uncertainty about demand for whale conservation or harvest. We used simulations over a wide range of parameterizations of whaling and conservation demands to examine the potential ecological consequences of the establishment of a whale permit market in Norwegian waters under bounded (but substantial) economic uncertainty. Uncertainty variables were slope of whaling and conservation demand, participation level of conservationists and their willingness to pay for whale conservation, and functional forms of demand, including linear, quadratic, and log-linear forms. A whale-conservation market had the potential to yield a wide range of conservation and harvest outcomes, the most likely outcomes were those in which conservationists bought all whale permits. © 2017 Society for Conservation Biology.

  6. Testing ΛCDM at the lowest redshifts with SN Ia and galaxy velocities

    Energy Technology Data Exchange (ETDEWEB)

    Huterer, Dragan; Shafer, Daniel L. [Department of Physics, University of Michigan, 450 Church Street, Ann Arbor, MI 48109 (United States); Scolnic, Daniel M. [University of Chicago, Kavli Institute for Cosmological Physics, 5640 South Ellis Avenue, Chicago, IL 60637 (United States); Schmidt, Fabian, E-mail: huterer@umich.edu, E-mail: dshafer2@jhu.edu, E-mail: dscolnic@kicp.uchicago.edu, E-mail: fabians@mpa-garching.mpg.de [Max-Planck-Institut für Astrophysik, Karl-Schwarzschild-Str. 1, 85748 Garching (Germany)

    2017-05-01

    Peculiar velocities of objects in the nearby universe are correlated due to the gravitational pull of large-scale structure. By measuring these velocities, we have a unique opportunity to test the cosmological model at the lowest redshifts. We perform this test, using current data to constrain the amplitude of the ''signal'' covariance matrix describing the velocities and their correlations. We consider a new, well-calibrated ''Supercal'' set of low-redshift SNe Ia as well as a set of distances derived from the fundamental plane relation of 6dFGS galaxies. Analyzing the SN and galaxy data separately, both results are consistent with the peculiar velocity signal of our fiducial ΛCDM model, ruling out the noise-only model with zero peculiar velocities at greater than 7σ (SNe) and 8σ (galaxies). When the two data sets are combined appropriately, the precision of the test increases slightly, resulting in a constraint on the signal amplitude of A = 1.05{sub −0.21}{sup +0.25}, where A = 1 corresponds to our fiducial model. Equivalently, we report an 11% measurement of the product of the growth rate and amplitude of mass fluctuations evaluated at z {sub eff} = 0.02, f σ{sub 8} = 0.428{sub −0.045}{sup +0.048}, valid for our fiducial ΛCDM model. We explore the robustness of the results to a number of conceivable variations in the analysis and find that individual variations shift the preferred signal amplitude by less than ∼0.5σ. We briefly discuss our Supercal SN Ia results in comparison with our previous results using the JLA compilation.

  7. Linear perturbation theory for tidal streams and the small-scale CDM power spectrum

    Science.gov (United States)

    Bovy, Jo; Erkal, Denis; Sanders, Jason L.

    2017-04-01

    Tidal streams in the Milky Way are sensitive probes of the population of low-mass dark matter subhaloes predicted in cold dark matter (CDM) simulations. We present a new calculus for computing the effect of subhalo fly-bys on cold streams based on the action-angle representation of streams. The heart of this calculus is a line-of-parallel-angle approach that calculates the perturbed distribution function of a stream segment by undoing the effect of all relevant impacts. This approach allows one to compute the perturbed stream density and track in any coordinate system in minutes for realizations of the subhalo distribution down to 105 M⊙, accounting for the stream's internal dispersion and overlapping impacts. We study the statistical properties of density and track fluctuations with large suites of simulations of the effect of subhalo fly-bys. The one-dimensional density and track power spectra along the stream trace the subhalo mass function, with higher mass subhaloes producing power only on large scales, while lower mass subhaloes cause structure on smaller scales. We also find significant density and track bispectra that are observationally accessible. We further demonstrate that different projections of the track all reflect the same pattern of perturbations, facilitating their observational measurement. We apply this formalism to data for the Pal 5 stream and make a first rigorous determination of 10^{+11}_{-6} dark matter subhaloes with masses between 106.5 and 109 M⊙ within 20 kpc from the Galactic centre [corresponding to 1.4^{+1.6}_{-0.9} times the number predicted by CDM-only simulations or to fsub(r matter is clumpy on the smallest scales relevant for galaxy formation.

  8. Project-Based Emissions Trading. The Impact of Institutional Arrangements on Cost-Effectiveness

    International Nuclear Information System (INIS)

    Woerdman, E.; Van der Gaast, W.

    2001-01-01

    In this paper we demonstrate that the institutional arrangement (or: design) of Joint Implementation (JI) and the Clean Development Mechanism (CDM) has a decisive impact on their cost-effectiveness. We illustrate our arguments by statistically analyzing the costs from 94 Activities Implemented Jointly (AIJ) pilot phase projects as well as by adjusting these data on the basis of simple mathematical formulas. These calculations explicitly take into account the institutional differences between JI (sinks, no banking) and the CDM (banking, no sinks) under the Kyoto Protocol and also show the possible effects on credit costs of alternative design options. However, our numerical illustrations should be viewed with caution, because AIJ is only to a limited extent representative of potential future JI and CDM projects and because credit costs are not credit prices. Some of the main figures found in this study are: an average cost figure per unit of emission reduction for AIJ projects of 46 dollar per ton of carbon dioxide equivalent ($/Mg CO 2 -eq), an average potential JI credit cost figure which is lowered to 37 $/Mg CO 2 -eq by introducing banking and an average of 6 $/Mg CO 2 -eq per credit for potential low-cost CDM projects which includes sinks. However, at CoP6 in November 2000 in The Hague (The Netherlands), the Parties to the Framework Convention on Climate Change (FCCC) did not (yet) reach consensus on the institutional details of the project-based mechanisms, such as the possible arrangement of early JI action or the inclusion of sinks under the CDM. 55 refs

  9. A basis for greenhouse gas trading in agriculture : Final report of the emission reduction trading protocol team

    International Nuclear Information System (INIS)

    2002-01-01

    A link has been established between increasing levels of greenhouse gases in the atmosphere and the rise in global temperatures. The burning of fossil fuels, land use changes, agricultural and industrial activities play a large part in the increase of greenhouse gases and result in in changes to temperature, precipitation and weather patterns. The two methods that can be used to reduce the buildup of greenhouse gases in the atmosphere are the reduction of the gases and the sequestration of carbon dioxide (carbon dioxide is absorbed) into terrestrial processes. Several policy options are being considered to effect this reduction in buildup, and one of those includes the implementation of a tradable system of emission permits. Such a scenario would involve the agricultural sector removing and reducing on-farm emissions of greenhouse gases, thereby earning it credits that could then be sold to those industries that face tougher greenhouse gases control costs. The study led to several findings: (1) trades in carbon dioxide in the Albertan agricultural sector and changes in agricultural practices could lead to reductions of up to 5 million tonnes per year to 2008, (2) the sector is in a good position to trade carbon removals and credits into a large final emitter cap and trade system, (3) some uncertainties in the policy area remain, (4) the early years of trading are not risk-free, and (5) the risks are being hedged through a number of mechanisms and tools that have already been identified. 18 refs., 3 tabs., 3 figs

  10. Application of the Coasting Trade Act to offshore oil and gas operations

    International Nuclear Information System (INIS)

    De Jonge, B.B.

    2002-01-01

    The main features of the 1992 Coasting Trade Act are summarized. The main purpose of the Act is to protect Canadian ship owners and to ensure they have an opportunity to recover their investments in having Canadian built and crewed vessels. The Coasting Trade Act replaces provisions of the Canada Shipping Act which prohibited non-British ships from entering into Canadian domestic trade. The intention for the Coasting Trade Act is to reserve the coasting trade of Canada to Canadian-registered ships. However, when a Canadian ship is not available, a suitable foreign ship may be temporarily permitted to engage in the Canadian coasting trade as long as Canadian safety standards are met and duties are paid. The Canada Customs and Revenue Agency deals with licence applications while the Canadian Transportation Agency deals with unfair practices and enforcement. The provisions relating to the Coasting Trade License applications are examined along with how they are administered with particular reference to offshore oil and gas operations. The paper also presents recent decisions regarding application licences for Tycom (US) Inc., the Norwegian Polar Ship Management, and the Cyprus-registered seismic vessel, the Northern Access. It is noted that in evaluating the suitability and availability of a Canadian vessel for an activity proposed to be performed by a foreign vessel, the Canadian Transportation Agency examines the technical, financial and commercial elements brought by the parties

  11. Study of atmospheric emission trading programs in the United States. Final report

    International Nuclear Information System (INIS)

    1991-01-01

    A detailed review and evaluation was conducted of federal and state atmospheric emission trading programs in the USA to identify the factors critical to a successful program. A preliminary assessment was also made of the feasibility of such a program for NOx and volatile organic compounds (VOC) in the lower Fraser Valley in British Columbia. To date, experience in the USA with atmospheric emissions trading has primarily involved trades of emission reduction credits pursuant to the 1977 Clean Air Act amendments. Most trades occur under netting provisions which allow expansion of an existing plant without triggering the stringent new-source review process. Six case studies of emissions trading are described from jurisdictions in California, New Jersey, and Kentucky and from the national SO 2 allowance trading program. Estimates of cost savings achieved by emissions trading are provided, and factors critical to a successful program are summarized. These factors include clearly defined goals, participation proportional to problem contribution, an emissions inventory of satisfactory quality, a comprehensive permit system, a credible enforcement threat, efficient and predictable administration, location of the program in an economic growth area, and support by those affected by the program. In the Fraser Valley, it is concluded that either an emissions reduction credit or an allowance trading system is feasible for both NOx and VOC, and recommendations are given for implementation of such a program based on the factors determined above. 1 fig., 8 tabs

  12. Leaving an emissions trading scheme : Implications for the United Kingdom and the European Union

    NARCIS (Netherlands)

    Tol, Richard S.J.

    2018-01-01

    The United Kingdom (UK) may opt to leave the European Union (EU) emissions trading system (ETS) for greenhouse gases. This policy brief examines the implications. The UK is a large importer of emission permits. Thus, meeting its climate policy targets would be much more difficult without the EU ETS,

  13. 17 CFR 40.2 - Listing and accepting products for trading or clearing by certification.

    Science.gov (United States)

    2010-04-01

    ... products for trading or clearing by certification. (a) Unless permitted otherwise by § 37.7 of this chapter... certification by the designated contract market or derivatives transaction execution facility that the product... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Listing and accepting products...

  14. Bovine spongiform encephalopathy: is it time to relax BSE-related measures in the context of international trade?

    Science.gov (United States)

    Matthews, D; Adkin, A

    2011-04-01

    Bovine spongiform encephalopathy (BSE) has presented serious challenges to both the World Organisation for Animal Health and national governments, in defining and implementing appropriate national control measures, and in agreeing trade rules that permit safe trade in cattle and bovine products. Precautionary trade rules were initially necessary, based upon the science of sheep scrapie, but research into BSE later enabled BSE-specific trade rules to be developed. As a result, current rules on trade are underpinned by a sound body of knowledge on BSE. Declining epidemics in most affected countries confirm the appropriateness of current precautions. Nevertheless, risk is primarily dependent on the prevalence of infection with BSE. In the face of low prevalence scenarios, certain precautionary measures in the Terrestrial Animal Health Code may now be considered excessive. A thorough review is therefore deemed appropriate.

  15. The political economy of a tradable GHG permit market in the European Union

    International Nuclear Information System (INIS)

    Markussen, P.; Tinggaard Svendsen, G.; Vesterdal, M.

    2002-01-01

    The EU has committed itself to meet an 8% greenhouse gas (GHG) reduction target level following the Kyoto agreement. Therefore, the EU Commission has just proposed a new directive establishing a framework for GHG emissions trading within the European Union. This proposal is to outcome a policy process started by the EU Commission and its Green Paper from March 2000. The main industrial stake holders all had the opportunity to comment on the Green Paper and from their directive proposal. Here, we find that the dominant interest groups indeed influenced the final design of an EU GHG market. This industrial rent-seeking most prominently lead to a grand fathered permit allocation rule like the one found in the US tradable permit systems. (au)

  16. The political economy of a tradable GHG permit market in the European Union

    Energy Technology Data Exchange (ETDEWEB)

    Markussen, P; Tinggaard Svendsen, G; Vesterdal, M

    2002-07-01

    The EU has committed itself to meet an 8% greenhouse gas (GHG) reduction target level following the Kyoto agreement. Therefore, the EU Commission has just proposed a new directive establishing a framework for GHG emissions trading within the European Union. This proposal is to outcome a policy process started by the EU Commission and its Green Paper from March 2000. The main industrial stake holders all had the opportunity to comment on the Green Paper and from their directive proposal. Here, we find that the dominant interest groups indeed influenced the final design of an EU GHG market. This industrial rent-seeking most prominently lead to a grand fathered permit allocation rule like the one found in the US tradable permit systems. (au)

  17. Anonymous electronic trading versus floor trading

    OpenAIRE

    Franke, Günter; Hess, Dieter

    1995-01-01

    This paper compares the attractiveness of floor trading and anonymous electronic trading systems. It is argued that in times of low information intensity the insight into the order book of the electronic trading system provides more valuable information than floor trading, but in times of high information intensity the reverse is true. Thus, the electronic system's market share in trading activity should decline in times of high information intensity. This hypothesis is tested by data on BUND...

  18. Issues in the implementation of greenhouse gas emissions trading in Europe

    International Nuclear Information System (INIS)

    Ellerman, D.

    2001-01-01

    Ironically, emissions trading proposals to implement the Kyoto Protocol are being proposed in Europe, not among the nations usually associated with such measures. This article identifies and discusses very briefly the main issues that will have to be considered in adopting a national system of CO 2 emissions trading. These issues are: allocation of permits and monitoring, penalties and liability for non-compliance, comprehensiveness of the emissions cap, integration with renewable energy certificates, integration of sinks and other gases with carbon trading, and cost caps and escape valves. Assuming the current proposals are adopted, Europe bids fair to become the test-bed in which the rules of an eventual international system will be developed in process not unlike that characterizing the development of the European Union. The European challenge is then both inward, to Europe, to go beyond proposals and to resolve the issues identified here, and outward, to other nations, to take similar steps in matching deed with advocacy. (author)

  19. Greenhouse gas emissions trading among Pacific Rim countries: An analysis of policies to bring developing countries to the bargaining table

    International Nuclear Information System (INIS)

    Rose, Adam; Wei Dan

    2008-01-01

    This paper examines the aggregate net costs and individual country cost savings of greenhouse gas emissions trading among Pacific Rim countries. We propose emission permit allocation rules designed to entice developing countries to participate. Absence of developing country involvement has served as an excuse for the lack by participation by the United States in the first compliance period of the Kyoto Protocol and may serve as a disincentive to even more countries in subsequent periods. Our analysis specifies permit allocation rules that could result in no net costs, and even cost-savings, to developing countries for their involvement in the emissions trading market, while at the same time providing extensive benefits to industrialized countries through access to lower-cost mitigation alternatives

  20. Trading biomass or GHG emission credits?

    NARCIS (Netherlands)

    Laurijssen, J; Faaij, A.P.C.

    2009-01-01

    Global biomass potentials are considerable but unequally distributed over the world. Countries with Kyoto targets could import biomass to substitute for fossil fuels or invest in bio-energy projects in the country of biomass origin and buy the credits (Clean Development Mechanism (CDM) and Joint

  1. Carbon finance options in renewable energy

    International Nuclear Information System (INIS)

    Nahar, P.

    2010-01-01

    The Kyoto Protocol splits the world into two categories, notably Annex 1 with binding targets; and non-Annex 1 without any binding targets. This presentation discussed the Kyoto Protocol, with particular reference to the flexibility mechanisms which allow countries to achieve their emission targets in a cost effective way through emission trading, joint implementation, or clean development mechanisms (CDM). The CDM was outlined in detail in terms of how it works. The CDM key concepts include baseline use, additionality, and monitoring. Reasons for risk and CDM renewable energy projects were also outlined. Other topics that were presented included the impact of carbon finance; United States federal climate policy; European Union policy; EVO structured carbon; portfolio management; and EVO structured carbon. tabs., figs.

  2. Disruptive Technologies in Workmanship: pH-neutral Flux, CDM ESD Events, HDI PCBs

    Science.gov (United States)

    Plante, Jeannette F.

    2010-01-01

    This slide presentation describes what it calls "disruptive technologies", i.e., "Low-end disruption" occurs when the rate at which products improve exceeds the rate at which customers can adopt the new performance. Therefore, at some point the performance of the product overshoots the needs of certain customer segments. At this point, a disruptive technology may enter the market and provide a product which has lower performance than the incumbent but which exceeds the requirements of certain segments, thereby gaining a foothold in the market. This concept is viewed in impacting incumbent technologies Rosin Flux, with a pH-neutral water soluble Flux; electrostatic discharge models being disrupted by the charge device model (CDM) concept; and High Density Interconnect Printed Circuit Boards (HDI PCB).

  3. The feasibility of domestic CO2 emissions trading in Poland

    International Nuclear Information System (INIS)

    Missfeldt, F.; Hauff, J.

    2000-09-01

    In early 2000, neither a comprehensive upstream system nor an all-encompassing downstream approach to CO 2 emissions permit trading seems feasible in Poland. However, a pilot emissions trading system in the power and Combined Heat and Power (CHP) sector is thought to be a realistic option in the near future. A comprehensive upstream approach would require permits for the carbon contained in fossil fuels produced or imported in Poland. It is ruled out due to the perceived difficulties of the inclusion of the coal sector in such a system. While inclusion of the gas sector, and especially of the oil sector, seems possible within a relatively short time, relying on an upstream approach without the coal sector is not advisable. Once the restructuring of the coal sector as well as the privatization of the gas and oil sector is advanced, an upstream approach might become an option again. A comprehensive downstream approach would regulate CO 2 emissions at their source, that is mostly at point of combustion of fossil fuels. A system which includes industry, households and transport can be assumed to be infeasible. Instead, a 'core program' was examined, which would focus on power and heat generation as well as energy intensive industries. Such an approach was found feasible in principle. Currently, however, only the largest emitters could be easily integrated in a reliable system. Drawing the line between those included and those excluded from such a partial system requires careful analysis. Including all enterprises in the relevant sectors would require significant improvements in monitoring and reporting reliability. A pilot emissions permit trading system could be introduced in the professional power and heat sector. Here, awareness concerning the instrument was found to be high and the system could be based on monitoring requirements already required by law. Gradual inclusion of more relevant sectors and eventual combination with an upstream component to include oil

  4. Trading volume and the number of trades

    OpenAIRE

    Marwan Izzeldin

    2007-01-01

    Trading volume and the number of trades are both used as proxies for market activity, with disagreement as to which is the better proxy for market activity. This paper investigates this issue using high frequency data for Cisco and Intel in 1997. A number of econometric methods are used, including GARCH augmented with lagged trading volume and number of trades, tests based on moment restrictions, regression analysis of volatility on volume and trades, normality of returns when standardized by...

  5. Implementing greenhouse gas trading in Europe. Lessons from economic literature and international experiences

    International Nuclear Information System (INIS)

    Boemare, Catherine; Quirion, Philippe

    2002-01-01

    The European Commission (document COM (2001) 581) has recently presented a directive proposal to the European Parliament and Council in order to implement a greenhouse gas emission trading scheme. If this proposal survives the policy process, it will create the most ambitious trading system ever implemented. However, the legislative process is an opportunity for various interest groups to amend environmental policies, which as a result generally deviate further from what economic literature proposes. A close look at implemented emission trading schemes, stressing their discrepancies with economic literature requests, is thus useful to increase the chances of forthcoming emission trading schemes to go through the political process. We thus review ten emission trading systems, which are either implemented or at an advanced stage of the policy process. We draw attention to major points to be aware of when designing an emission trading system: sectoral and spatial coverage, permits allocation, temporal flexibility, trading organisation, monitoring, enforcement, compliance, and the harmonisation vs. subsidiarity issue. The aim is to evaluate how far experiences in emission trading move away from theory and why. We then provide some lessons and recommendations on how to implement a greenhouse gas emission trading program in Europe. We identify some pros of the Commission proposal (spatial and sectoral coverage, temporal flexibility, trading organisation, compliance rules), some potential drawbacks (allocation rules, monitoring and enforcement) and items on which further guidance is needed (monitoring and allocation rules). Lastly, the European Commission should devote prominent attention to the US NO X Ozone Transport Commission budget program, as the only example of integration between the federal and state levels

  6. Regional Trade Agreement and Agricultural Trade in East African ...

    African Journals Online (AJOL)

    Intra-EAC trade is very low, that is, at 9 per cent of the total regional trade, but it is on upward trend. Agricultural trade accounts for over 40 per cent of the intra-EAC trade. This study investigated the effect of EAC regional trade agreement on the regions agricultural trade by analyzing the degree of trade creation and ...

  7. Is the continuous matter creation cosmology an alternative to ΛCDM?

    International Nuclear Information System (INIS)

    Fabris, J.C.; Pacheco, J.A. de Freitas; Piattella, O.F.

    2014-01-01

    The matter creation cosmology is revisited, including the evolution of baryons and dark matter particles. The creation process affects only dark matter and not baryons. The dynamics of the ΛCDM model can be reproduced only if two conditions are satisfied: 1) the entropy density production rate and the particle density variation rate are equal and 2) the (negative) pressure associated to the creation process is constant. However, the matter creation model predicts a present dark matter-to-baryon ratio much larger than that observed in massive X-ray clusters of galaxies, representing a potential difficulty for the model. In the linear regime, a fully relativistic treatment indicates that baryons are not affected by the creation process but this is not the case for dark matter. Both components evolve together at early phases but lately the dark matter density contrast decreases since the background tends to a constant value. This behaviour produces a negative growth factor, in disagreement with observations, being a further problem for this cosmology

  8. Waste management CDM projects barriers NVivo 10® qualitative dataset

    Directory of Open Access Journals (Sweden)

    André Luiz Bufoni

    2017-12-01

    Full Text Available This article contains one NVivo 10® file with the complete 432 projects design documents (PDD of seven waste management sector industries registered as Clean Development Mechanism (CDM under United Nations Framework Convention on Climate Change (UNFCCC Kyoto Protocol Initiative from 2004 to 2014. All data analyses and sample statistics made during the research remain in the file. We coded PDDs in 890 fragments of text, classified in five categories of barriers (nodes: technological, financial, human resources, regulatory, socio-political. The data supports the findings of author thesis [1] and other two indexed publication in Waste Management Journal: “The financial attractiveness assessment of large waste management projects registered as clean development mechanism” and “The declared barriers of the large developing countries waste management projects: The STAR model” [2,3]. The data allows any computer assisted qualitative content analysis (CAQCA on the sector and it is available at Mendeley [4

  9. Trade creation and trade diversion in the Canada - United States Free Trade Agreement

    OpenAIRE

    Kimberly A. Clausing

    2001-01-01

    In this paper the changes in trade patterns introduced by the Canada-United States Free Trade Agreement are examined. Variation in the extent of tariff liberalization under the agreement is used to identify the impact of tariff liberalization on the growth of trade both with member countries and non-member countries. Data at the commodity level are used, and the results indicate that the Canada-United States Free Trade Agreement had substantial trade creation effects, with little evidence of ...

  10. Trade Policy

    OpenAIRE

    Murray Gibbs

    2007-01-01

    In an otherwise insightful and thoughtful article, Sebastian Pfotenhauer (Trade Policy Is Science Policy,” Issues, Fall 2013) might better have entitled his contribution “Trade Policy Needs to Be Reconciled with Science Policy.” The North American Free Trade Agreement (NAFTA) and the agreements administered by the World Trade Organization, particularly the General Agreement on Tariffs and Trade (GATT) and the Technical Barriers to Trade (TBT), were adopted to promote international trade and i...

  11. How to make the clean development mechanism sustainable-The potential of rent extraction

    International Nuclear Information System (INIS)

    Muller, Adrian

    2007-01-01

    The clean development mechanism (CDM) should foster sustainable development and greenhouse gas emission reductions. The design of the CDM and first experience suggest that it may not achieve these goals. Developing countries hosting CDM projects may lose cheap emission reduction possibilities for their own future use, and sustainable development and technology transfer may not take place. On the other hand, the CDM has the potential to generate considerable rents if permit prices are high or costs low. To account for equity and distributional issues, a deliberate decision on how to distribute these rents could be taken and the potential failure of the CDM in meeting its goals calls for some further regulation. I suggest to combine these two issues and to extract the rents by a profit tax. Ideally, the tax revenues could contribute to national sustainable development strategies, to offset external costs imposed by CDM projects and to extract part of the resource rent they may generate. The international character of the CDM could offer a frame for internationally coordinated tax design. This would hedge against a potential race to the bottom

  12. International provision of trade services, trade, and fragmentation

    OpenAIRE

    Deardorff, Alan V.

    2001-01-01

    The author examines the special role that trade liberalization in services industries can play in stimulating trade in both services, and goods. International trade in goods requires inputs from such trade services as transportation, insurance, and finance, for example. Restrictions on services across borders, and within foreign countries add costs, and barriers to international trade. Lib...

  13. Preliminary assessment of potential CDM early start projects in Brazil

    Energy Technology Data Exchange (ETDEWEB)

    Meyers, S.; Sathaye, J.; Lehman, B.; Schumacher, K.; van Vliet, O.; Moreira, J.R.

    2000-11-01

    The Brazil/US Aspen Global Forum on Climate Change Policies and Programs has facilitated a dialogue between key Brazil and US public and private sector leaders on the subject of the Clean Development Mechanism (CDM). With support from the US government, a cooperative effort between Lawrence Berkeley National Laboratory and the University of Sao Paulo conducted an assessment of a number of projects put forth by Brazilian sponsors. Initially, we gathered information and conducted a screening assessment for ten projects in the energy sector and six projects in the forestry sector. Some of the projects appeared to offer greater potential to be attractive for CDM, or had better information available. We then conducted a more detailed assessment of 12 of these projects, and two other projects that were submitted after the initial screening. An important goal was to assess the potential impact of Certified Emission Reductions (CERs) on the financial performance of projects. With the exception of the two forestry-based fuel displacement projects, the impact of CERs on the internal rate of return (IRR) is fairly small. This is true for both the projects that displace grid electricity and those that displace local (diesel-based) electricity production. The relative effect of CERs is greater for projects whose IRR without CERs is low. CERs have a substantial effect on the IRR of the two short-rotation forestry energy substitution projects. One reason is that the biofuel displaces coke and oil, both of which are carbon-intensive. Another factor is that the product of these projects (charcoal and woodfuel, respectively) is relatively low value, so the revenue from carbon credits has a strong relative impact. CERs also have a substantial effect on the NPV of the carbon sequestration projects. Financial and other barriers pose a challenge for implementation of most of the projects. In most cases, the sponsor lacks sufficient capital, and loans are available only at high interest

  14. THE WORLD TRADE ORGANIZATION (WTO FREE TRADE WITHIN FAIR TRADE CHALLENGES

    Directory of Open Access Journals (Sweden)

    M. Ya’kub Aiyub Kadir

    2014-06-01

    Full Text Available Free trade and fair trade are considered an ambiguous term with relative meanings of identification. Objectively, free and fair trade does not mean completely free and fair, but it means trade under binding rules obeyed by member countries as a consequence of their commitment after signing and ratification of the WTO agreements. Hence, this paper aims at exploring the issue and does an effort to harmonise between free trade and fair trade within the WTO system. Perdagangan bebas dan perdagangan yang adil adalah dua istilah yang ambigu maknanya. Secara obyektif, perdagangan bebas tidak bermakna bebas dan adil seluruhnya, tetapi bermakna sebuah perdagangan di bawah aturan-aturan mengikat setelah negara anggota menandatangani dan meratifikasi kesepakatan WTO. Tetapi dalam realitas kebanyakan Negara, terutama negara berkembang tidak mampu untuk membuka pasar dan menurunkan tarif secara keseluruhan. Persoalan tidak berimbangnya kekuatan, kurang demokrasi, krisis legitimasi dan dobel standar dalam WTO sistem merupakan sebuah tantangan yang masih berlanjut. Paper ini akan mengkaji persoalan ini dan berupaya mengharmonisasikan antara perdagangan bebas dan adil dalam sistem WTO.

  15. THE WORLD TRADE ORGANIZATION (WTO FREE TRADE WITHIN FAIR TRADE CHALLENGES

    Directory of Open Access Journals (Sweden)

    M. Ya’kub Aiyub Kadir

    2014-06-01

    Full Text Available Free trade and fair trade are considered an ambiguous term with relative meanings of identification. Objectively, free and fair trade does not mean completely free and fair, but it means trade under binding rules obeyed by member countries as a consequence of their commitment after signing and ratification of the WTO agreements. Hence, this paper aims at exploring the issue and does an effort to harmonise between free trade and fair trade within the WTO system.   Perdagangan bebas dan perdagangan yang adil adalah dua istilah yang ambigu maknanya. Secara obyektif, perdagangan bebas tidak bermakna bebas dan adil seluruhnya, tetapi bermakna sebuah perdagangan di bawah aturan-aturan mengikat setelah negara anggota menandatangani dan meratifikasi kesepakatan WTO. Tetapi dalam realitas kebanyakan Negara, terutama negara berkembang tidak mampu untuk membuka pasar dan menurunkan tarif secara keseluruhan. Persoalan tidak berimbangnya kekuatan, kurang demokrasi, krisis legitimasi dan dobel standar dalam WTO sistem merupakan sebuah tantangan yang masih berlanjut. Paper ini akan mengkaji persoalan ini dan berupaya mengharmonisasikan antara perdagangan bebas dan adil dalam sistem WTO.

  16. Did CDM particles of mass 2.47 x 10(-3) eV interact with precursor biopolymers and nucleic acids to initiate and boost lifeforms on Earth?

    Science.gov (United States)

    Rosen, Gerald

    2011-06-01

    Recent observations and theoretical studies have shown that non-baryonic Cold Dark Matter (CDM), which constitutes about 84% of all matter in the Universe, may feature a complex-scalar-field that carries particles of mass ≅ 2.47 x 10(-3)eV with the associated Compton range m(-1) ≅8.02 x 10(-3) cm, a distance on the scale of extended bionucleic acids and living cells. Such a complex-scalar-field can enter a weak-isospin Lorentz-invariant interaction that generates the flow of right-handed electrons and induces a chirality-imbued quantum chemistry on the m (-1) scale. A phenomenological Volterra-type equation is proposed for the CDM-impacted time development of N, the number of base pairs in the most advanced organism at Earth-age t. The solution to this equation suggests that the boosts in N at t ≅ 1.1 Gyr (advent of the first living prokaryotic cells), at t ≅ 2.9 Gyr (advent of eukaryotic single-celled organisms) and finally at t ≅ 4.0 Gyr (the Cambrian explosion) may be associated with three multi-Myr-duration cosmic showers of the complex-scalar-field CDM particles. If so, the signature of the particles may be detectible in Cambrian rocks.

  17. The ATLAS(3D) project : VIII. Modelling the formation and evolution of fast and slow rotator early-type galaxies within lambda CDM

    NARCIS (Netherlands)

    Khochfar, Sadegh; Emsellem, Eric; Serra, Paolo; Bois, Maxime; Alatalo, Katherine; Bacon, R.; Blitz, Leo; Bournaud, Frederic; Bureau, M.; Cappellari, Michele; Davies, Roger L.; Davis, Timothy A.; de Zeeuw, P. T.; Duc, Pierre-Alain; Krajnovic, Davor; Kuntschner, Harald; Lablanche, Pierre-Yves; McDermid, Richard M.; Morganti, Raffaella; Naab, Thorsten; Oosterloo, Tom; Sarzi, Marc; Scott, Nicholas; Weijmans, Anne-Marie; Young, Lisa M.

    2011-01-01

    We propose a simple model for the origin of fast and slow rotator early-type galaxies (ETG) within the hierarchical Lambda cold dark matter (Lambda CDM) scenario, that is based on the assumption that the mass fraction of stellar discs in ETGs is a proxy for the specific angular momentum expressed

  18. Jeans that fit: weighing the mass of the Milky Way analogues in the ΛCDM universe

    Science.gov (United States)

    Kafle, Prajwal R.; Sharma, Sanjib; Robotham, Aaron S. G.; Elahi, Pascal J.; Driver, Simon P.

    2018-04-01

    The spherical Jeans equation is a widely used tool for dynamical study of gravitating systems in astronomy. Here, we test its efficacy in robustly weighing the mass of Milky Way analogues, given they need not be in equilibrium or even spherical. Utilizing Milky Way stellar haloes simulated in accordance with Λ cold dark matter (ΛCDM) cosmology by Bullock and Johnston and analysing them under the Jeans formalism, we recover the underlying mass distribution of the parent galaxy, within distance r/kpc ∈ [10, 100], with a bias of ˜ 12 per cent and a dispersion of ˜ 14 per cent. Additionally, the mass profiles of triaxial dark matter haloes taken from the SURFS simulation, within scaled radius 0.2 < r/rmax < 3, are measured with a bias of ˜ - 2.4 per cent and a dispersion of ˜ 10 per cent. The obtained dispersion is not because of Poisson noise due to small particle numbers as it is twice the later. We interpret the dispersion to be due to the inherent nature of the ΛCDM haloes, for example being aspherical and out-of-equilibrium. Hence, the dispersion obtained for stellar haloes sets a limit of about 12 per cent (after adjusting for random uncertainty) on the accuracy with which the mass profiles of the Milky Way-like galaxies can be reconstructed using the spherical Jeans equation. This limit is independent of the quantity and quality of the observational data. The reason for a non-zero bias is not clear, hence its interpretation is not obvious at this stage.

  19. Global and Regional Impacts of the Clean Development Mechanism

    International Nuclear Information System (INIS)

    Wang, Shunli; De Groot, H.L.F.; Nijkamp, P.; Verhoef, E.T.

    2009-05-01

    Climate change is a serious concern worldwide. Policy research on climate change in the past decades has largely focused on applied modelling exercises. However, the implications of specific policy strategies such as the clean development mechanism (CDM) for global and regional economic and environmental developments has received relatively little attention. This is partly caused by the complexities of modelling an instrument like CDM. By using and modifying the GTAP-E modelling system (GTAP stands for Global Trade Analysis Project), this paper sets out to trace the combined economic and environmental impacts of CDM policies. Particular emphasis is placed on technology transfer induced by alternative CDM policies. Specific attention is devoted to the possible negative consequences of non-participation of the USA in the global coalition, and the associated distributional impacts world-wide.

  20. Global and Regional Impacts of the Clean Development Mechanism

    Energy Technology Data Exchange (ETDEWEB)

    Wang, Shunli; De Groot, H.L.F.; Nijkamp, P.; Verhoef, E.T. [VU University, Amsterdam (Netherlands)

    2009-05-15

    Climate change is a serious concern worldwide. Policy research on climate change in the past decades has largely focused on applied modelling exercises. However, the implications of specific policy strategies such as the clean development mechanism (CDM) for global and regional economic and environmental developments has received relatively little attention. This is partly caused by the complexities of modelling an instrument like CDM. By using and modifying the GTAP-E modelling system (GTAP stands for Global Trade Analysis Project), this paper sets out to trace the combined economic and environmental impacts of CDM policies. Particular emphasis is placed on technology transfer induced by alternative CDM policies. Specific attention is devoted to the possible negative consequences of non-participation of the USA in the global coalition, and the associated distributional impacts world-wide.

  1. Non-Gaussian initial conditions in ΛCDM: Newtonian, relativistic, and primordial contributions

    International Nuclear Information System (INIS)

    Bruni, Marco; Hidalgo, Juan Carlos; Meures, Nikolai; Wands, David

    2014-01-01

    The goal of the present paper is to set initial conditions for structure formation at nonlinear order, consistent with general relativity, while also allowing for primordial non-Gaussianity. We use the nonlinear continuity and Raychaudhuri equations, which together with the nonlinear energy constraint, determine the evolution of the matter density fluctuation in general relativity. We solve this equations at first and second order in a perturbative expansion, recovering and extending previous results derived in the matter-dominated limit and in the Newtonian regime. We present a second-order solution for the comoving density contrast in a ΛCDM universe, identifying nonlinear contributions coming from the Newtonian growing mode, primordial non-Gaussianity and intrinsic non-Gaussianity, due to the essential nonlinearity of the relativistic constraint equations. We discuss the application of these results to initial conditions in N-body simulations, showing that relativistic corrections mimic a non-zero nonlinear parameter f NL

  2. The feasibility of domestic CO{sub 2} emissions trading in Poland

    Energy Technology Data Exchange (ETDEWEB)

    Missfeldt, F. [ed.; Hauff, J.

    2000-10-01

    In early 2000, neither a comprehensive upstream system nor an all-encompassing downstream approach to CO{sub 2} emissions permit trading seems feasible in Poland. However, a pilot emissions trading system in the power and Combined Heat and Power (CHP) sector is thought to be a realistic option in the near future. A comprehensive upstream approach would require permits for the carbon contained in fossil fuels produced or imported in Poland. It is ruled out due to the perceived difficulties of the inclusion of the coal sector in such a system. While inclusion of the gas sector, and especially of the oil sector, seems possible within a relatively short time, relying on an upstream approach without the coal sector is not advisable. Once the restructuring of the coal sector as well as the privatization of the gas and oil sector is advanced, an upstream approach might become an option again. A comprehensive downstream approach would regulate CO{sub 2} emissions at their source, that is mostly at point of combustion of fossil fuels. A system which includes industry, households and transport can be assumed to be infeasible. Instead, a 'core program' was examined, which would focus on power and heat generation as well as energy intensive industries. Such an approach was found feasible in principle. Currently, however, only the largest emitters could be easily integrated in a reliable system. Drawing the line between those included and those excluded from such a partial system requires careful analysis. Including all enterprises in the relevant sectors would require significant improvements in monitoring and reporting reliability. A pilot emissions permit trading system could be introduced in the professional power and heat sector. Here, awareness concerning the instrument was found to be high and the system could be based on monitoring requirements already required by law. Gradual inclusion of more relevant sectors and eventual combination with an upstream

  3. New Arenas of Engagement at the Water Governance-Climate Finance Nexus? An Analysis of the Boom and Bust of Hydropower CDM Projects in Vietnam

    NARCIS (Netherlands)

    Smits, M.; Middleton, C.

    2014-01-01

    This article explores whether new arenas of engagement for water governance have been created and utilised following the implementation of the Clean Development Mechanism (CDM) in large hydropower projects in Vietnam. Initial optimism for climate finance – in particular amongst Northern aid

  4. Energy trading

    International Nuclear Information System (INIS)

    Glachant, J.M.; Kimman, R.; Schweickardt, H.E.

    2001-05-01

    This document brings together 18 testimonies of experts about energy trading: 1 - the energy trading experience on European deregulated markets: structure of deregulated energy markets in Europe, case study: a two years experience of a power exchange in western Europe, case study: European energy exchanges (experience of spot and future trading), case study: risk management on energy deregulated markets; 2 - the trading activity environment and realities in France: the French electrical law and the purchase for resale, experience feedback: status after 3 months of trading in France (the first experience of a French producer), the access to the power transportation network, which legal constraints for trading in France, the access of eligible clients to the French power market, conditions of implementation of a power exchange market in France, which real trading possibilities in France for producers and self-producers in the legal frame, case study: the role of trading in the company (main part or link to process), convergence of gas and electricity markets, gas-electricity trading: which pricing models; 3 - risk management and use of new technologies potentiality, the results outside the French borders: case study: what differences between the European and US markets, prices volatility and commodity risk management: towards the on-line trading, role and developments of E-business in energy trading, how to simplify trade in a liberalized market. (J.S.)

  5. International trade law perspectives on paperless trade and inclusive digital trade

    OpenAIRE

    Mitchell, Andrew D.; Mishra, Neha

    2017-01-01

    Cross-border paperless trade is increasingly important to generate economic gains in a digitalised economy. Several developing and least developed countries will need to modernise their domestic laws and regulations to facilitate cross-border electronic transmissions, particularly to promote cloud computing and electronic payments. In recent trade agreements, trading partners have committed to deeper and more comprehensive provisions on electronic commerce, including adopting domestic laws on...

  6. f(R,T,R{sub μν}T{sup μν}) gravity phenomenology and ΛCDM universe

    Energy Technology Data Exchange (ETDEWEB)

    Odintsov, Sergei D., E-mail: odintsov@ieec.uab.es [Instituciò Catalana de Recerca i Estudis Avançats (ICREA), Barcelona (Spain); Institut de Ciències de l' Espai ICE (CSIC-IEEC), Campus UAB Facultat de Ciències, Torre C5-Parell-2a pl, E-08193 Bellaterra (Barcelona) (Spain); Sáez-Gómez, Diego, E-mail: diego.saezgomez@uct.ac.za [Astrophysics, Cosmology and Gravity Centre (ACGC) and Department of Mathematics and Applied Mathematics, University of Cape Town, Rondebosch 7701, Cape Town (South Africa); Fisika Teorikoaren eta Zientziaren Historia Saila, Zientzia eta Teknologia Fakultatea, Euskal Herriko Unibertsitatea, 644 Posta Kutxatila, 48080 Bilbao (Spain)

    2013-10-01

    We propose general f(R,T,R{sub μν}T{sup μν}) theory as generalization of covariant Hořava-like gravity with dynamical Lorentz symmetry breaking. FRLW cosmological dynamics for several versions of such theory is considered. The reconstruction of the above action is explicitly done, including the numerical reconstruction for the occurrence of ΛCDM universe. De Sitter universe solutions in the presence of non-constant fluid are also presented. The problem of matter instability in f(R,T,R{sub μν}T{sup μν}) gravity is discussed.

  7. Cosmological model-independent test of ΛCDM with two-point diagnostic by the observational Hubble parameter data

    Science.gov (United States)

    Cao, Shu-Lei; Duan, Xiao-Wei; Meng, Xiao-Lei; Zhang, Tong-Jie

    2018-04-01

    Aiming at exploring the nature of dark energy (DE), we use forty-three observational Hubble parameter data (OHD) in the redshift range 0 measurements. The binning methods turn out to be promising and considered to be robust. By applying the two-point diagnostic to the binned data, we find that although the best-fit values of Omh^2 fluctuate as the continuous redshift intervals change, on average, they are continuous with being constant within 1 σ confidence interval. Therefore, we conclude that the ΛCDM model cannot be ruled out.

  8. Papers of the Canadian Institute conference: Reduction, management and trading of greenhouse gas emissions

    International Nuclear Information System (INIS)

    2003-01-01

    This conference provided an opportunity for experts from various fields to discuss and exchange views and the latest information on a wide range of topics related to the reduction, management and trading of greenhouse gas emissions. The papers dealt with pertinent issues such as: (1) short and long term impacts of the Kyoto Protocol ratification for industries operating in Quebec, necessary changes and required investment, (2) calculation mechanisms for the allocation of permits, audit systems for the reduction and registration of emissions, (3) Canadian and international emission trading market, opportunities and associated risks, (4) preparation of an emission trading contract, (5) the establishment of a greenhouse gas (GHG) emission reduction and management system within companies, and (6) measures implemented by governments to assist industry in meeting emission reduction targets. Of the sixteen papers presented at the conference, 4 have been processed separately for inclusion in this database. refs., tabs., figs

  9. The ATLAS3D project - VIII. Modelling the formation and evolution of fast and slow rotator early-type galaxies within ΛCDM

    NARCIS (Netherlands)

    Khochfar, Sadegh; Emsellem, Eric; Serra, Paolo; Bois, Maxime; Alatalo, Katherine; Bacon, R.; Blitz, Leo; Bournaud, Frédéric; Bureau, M.; Cappellari, Michele; Davies, Roger L.; Davis, Timothy A.; de Zeeuw, P. T.; Duc, Pierre-Alain; Krajnović, Davor; Kuntschner, Harald; Lablanche, Pierre-Yves; McDermid, Richard M.; Morganti, Raffaella; Naab, Thorsten; Oosterloo, Tom; Sarzi, Marc; Scott, Nicholas; Weijmans, Anne-Marie; Young, Lisa M.

    2011-01-01

    We propose a simple model for the origin of fast and slow rotator early-type galaxies (ETG) within the hierarchical Λcold dark matter (ΛCDM) scenario, that is based on the assumption that the mass fraction of stellar discs in ETGs is a proxy for the specific angular momentum expressed via λR. Within

  10. On a Search for Hidden Photon CDM by a Multicathode Counter

    International Nuclear Information System (INIS)

    Petukhov, V. V.; Kopylov, A. V.; Orekhov, I. V.

    2016-01-01

    We report a new technique of a multicathode counter (MCC) developed to search for hidden photon (HP) cold dark matter (CDM) with a mass from 5 to 500 eV. The method is suggested in the assumption that HP-photon mixing causes emission of single electrons from a metal cathode if the mass of hidden photon m_γ_"′ is greater than a work function of the metal φ_W. The measured effect from HP should be dependent on φ_W and on the structure of electronic shells of the metal used as a cathode. Potentially this can be used for a verification of the results obtained. Some preliminary results for the upper limit for mixing parameter χ have been obtained for HP with a mass from 5 eV to 10 keV as a pure illustration of the potential of this technique. The efforts are continued to refine the procedure of data treatment and to improve the work of MCC. A new detector with a more developed design is under construction.

  11. NOx emissions trading: Precursor to future growth

    International Nuclear Information System (INIS)

    Colella, A.

    1993-01-01

    Title I of the Clean Air Act Amendments (CAAA) of 1990 specified the framework for enhanced regulation in ozone non-attainment areas with increasingly stringent requirements dependent on the area classification - marginal, moderate, serious, severe or extreme. Before the CAAA were passed, only volatile organic compounds (VOCs) were regulated as precursors to ozone formation, Now, by statute, emissions of nitrogen oxides (NO x ) are also regulated as ozone precursor. Under the CAAA, new sources and modifications of existing sources are subject to Title I permitting requirements in ozone non-attainment areas if emissions of NO x and/or VOCs exceed certain triggering levels. For many new or facility expansion projects, especially power generation, the NO x thresholds are easily exceeded thus triggering Title I non-attainment new source review which requires application of control technology to new equipment which results in the Lowest Achievable Emission Rate (LAER), and securing emission reductions either internally or from other major sources to offset the increased emission from the new or modified source. The selection of a LAER technology is generally within an applicant's control. An applicant can determine up-front the engineering and cost considerations associated with LAER technology is assessing a project's viability. However, without a clear source of emission offsets of a means to secure them, assessing project viability could be difficult if not impossible. No available emission offsets means no industrial growth. For sources of NO x undergoing Title I new source review, a regional or state banking system that facilitates NO x emissions trading is needed as a precursor to future growth. This paper presents an overview of EPA's Emissions Trading Policy and Title I new source review offset provisions. Industry's concerns about emissions trading and recommendations for future trading programs are presented

  12. Reconciling Dwarf Galaxies with ΛCDM Cosmology: Simulating A Realistic Population of Satellites Around a Milky Way-Mass Galaxy

    OpenAIRE

    Wetzel, Andrew R.; Hopkins, Philip F.; Kim, Ji-Hoon; Faucher-Giguère, Claude-André; Kereš, Dušan; Quataert, Eliot

    2016-01-01

    � 2016. The American Astronomical Society. All rights reserved. Low-mass "dwarf" galaxies represent the most significant challenges to the cold dark matter (CDM) model of cosmological structure formation. Because these faint galaxies are (best) observed within the Local Group (LG) of the Milky Way (MW) and Andromeda (M31), understanding their formation in such an environment is critical. We present first results from the Latte Project: the Milky Way on Feedback in Realistic Environments (FI...

  13. General equilibrium effects of a supply side GHG mitigation option under the Clean Development Mechanism.

    Science.gov (United States)

    Timilsina, Govinda R; Shrestha, Ram M

    2006-09-01

    The Clean Development Mechanism (CDM) under the Kyoto Protocol to the United Nations Framework Convention on Climate Change is considered a key instrument to encourage developing countries' participation in the mitigation of global climate change. Reduction of greenhouse gas (GHG) emissions through the energy supply and demand side activities are the main options to be implemented under the CDM. This paper analyses the general equilibrium effects of a supply side GHG mitigation option-the substitution of thermal power with hydropower--in Thailand under the CDM. A static multi-sector general equilibrium model has been developed for the purpose of this study. The key finding of the study is that the substitution of electricity generation from thermal power plants with that from hydropower plants would increase economic welfare in Thailand. The supply side option would, however, adversely affect the gross domestic product (GDP) and the trade balance. The percentage changes in economic welfare, GDP and trade balance increase with the level of substitution and the price of certified emission reduction (CER) units.

  14. Additive versus multiplicative trade costs and the gains from trade

    DEFF Research Database (Denmark)

    Sørensen, Allan

    This paper addresses welfare effects from trade liberalization in a heterogeneous-fi…rms trade model including the empirically important per-unit (i.e. additive) trade costs in addition to the conventional iceberg (i.e. multiplicative) and fi…xed trade costs. The novel contribution of the paper...... is the result that the welfare gain for a given increase in trade openness is higher for reductions in per-unit (additive) trade costs than for reductions in iceberg (multiplicative) trade costs. The ranking derives from differences in intra-industry reallocations and in particular from dissimilar impacts...

  15. The impact of CO{sub 2} emissions trading on the European transport sector

    Energy Technology Data Exchange (ETDEWEB)

    Kaageson, Per

    2001-07-01

    The objective of this report is to analyse how a common European scheme for CO{sub 2} emissions trading covering all sectors of society would affect the transport sector. Transport externalities other than CO{sub 2} are assumed to be internalised by kilometer charging. This means road fuels will no longer be subject to taxation. The European Union's commitment under the 1997 Kyoto Protocol can be reached at a marginal abatement cost around 65 Euro per tonne of CO{sub 2} in a case where emissions trading replaces all current taxes on fossil fuels. In a case where emissions trading is supplementary to today's energy and carbon taxes, the current average taxation (45-50 Euro per tonne CO{sub 2}) and the shadow price of the emission permits (33 Euro per tonne) would together give a total marginal abatement cost around 80 Euro per tonne Of CO{sub 2}. Having to buy emission permits would significantly raise the cost of fuel and electricity used in rail, aviation and short sea shipping, as these modes are currently not taxed at all. The resulting long-term (2025) improvement in specific energy efficiency is estimated at around 25 per cent compared to trend for rail and 20 and 40 per cent respectively for aviation and sea transport. A combination of CO{sub 2} emissions trading and km charging would moderately raise the variable cost of driving a gasoline car. The cost of using diesel vehicles would rise considerably in most Member States. Annual mileage per car would therefore decline somewhat. The fuel, however, would become cheaper than today (especially gasoline) and this would reduce the incentive to buy fuel-efficient vehicles. The reform would thus hamper the introduction of new, more efficient, technologies that might be needed for meeting more long-term commitments. Emissions trading would not encourage the introduction of biofuels in road transport. The incremental cost of producing ethanol or RME is much too high and cannot be expected to fall to the

  16. Estimating the elasticity of trade: the trade share approach

    OpenAIRE

    Mauro Lanati

    2013-01-01

    Recent theoretical work on international trade emphasizes the importance of trade elasticity as the fundamental statistic needed to conduct welfare analysis. Eaton and Kortum (2002) proposed a two-step method to estimate this parameter, where exporter fixed effects are regressed on proxies for technology and wages. Within the same Ricardian model of trade, the trade share provides an alternative source of identication for the elasticity of trade. Following Santos Silva and Tenreyro (2006) bot...

  17. Cleaner generation, free-riders, and environmental integrity: clean development mechanism and the power sector

    Energy Technology Data Exchange (ETDEWEB)

    Bernow, Stephen; Kartha, Sivan; Lazarus, Michael; Page, Tom [Tellus Institute and Stockholm Environmental Institute-Boston Center, Boston, MA (United States)

    2001-06-01

    This article provides a first-cut estimate of the potential impacts of the clean development mechanism (CDM) on electricity generation and carbon emissions in the power sector of non-Annex 1 countries. We construct four illustrative CDM regimes that represent a range of approaches under consideration within the climate community. We examine the impact of these CDM regimes on investments in new generation, under illustrative carbon trading prices of US$ 10 and 100/tC. In the cases that are most conductive to CDM activity, roughly 94% of new generation investments remains identical to the without-CDM situation, with only 6% shifting from higher to lower carbon intensity technologies. We estimate that the CDM would bolster renewable energy generation by as little as 15% at US$ 10/tC, or as much as 300% at US$ 100/tC. A striking finding comes from our examination of the potential magnitude of the 'free-rider' problem, i.e. crediting of activities that will occur even in the absence of the CDM. The CDM is intended to be globally carbon-neutral --- a project reduces emissions in the host country but generates credits that increase emissions in the investor country. However, to the extent that unwarranted credits are awarded to non-additional projects, the CDM would increase global carbon emissions above the without-CDM emissions level. Under two of the CDM regimes considered, cumulative free-riders credits total 250-600MtC through the end of the first budget period in 2012. This represents 10-23% of the likely OECD emissions reduction requirement during the first budget period. Since such a magnitude of free-rider credits from non-additional CDM projects could threaten the environmental integrity of the Kyoto protocol, it is imperative that policy makers devise CDM rules that encourage legitimate projects, while effectively screening out non-additional activities. (Author)

  18. Testing ΛCDM cosmology at turnaround: where to look for violations of the bound?

    International Nuclear Information System (INIS)

    Tanoglidis, D.; Pavlidou, V.; Tomaras, T.N.

    2015-01-01

    In ΛCDM cosmology, structure formation is halted shortly after dark energy dominates the mass/energy budget of the Universe. A manifestation of this effect is that in such a cosmology the turnaround radius—the non-expanding mass shell furthest away from the center of a structure— has an upper bound. Recently, a new, local, test for the existence of dark energy in the form of a cosmological constant was proposed based on this turnaround bound. Before designing an experiment that, through high-precision determination of masses and —independently— turnaround radii, will challenge ΛCDM cosmology, we have to answer two important questions: first, when turnaround-scale structures are predicted to be close enough to their maximum size, so that a possible violation of the bound may be observable. Second, which is the best mass scale to target for possible violations of the bound. These are the questions we address in the present work. Using the Press-Schechter formalism, we find that turnaround structures have in practice already stopped forming, and consequently, the turnaround radius of structures must be very close to the maximum value today. We also find that the mass scale of ∼ 10 13  M ⊙ characterizes the turnaround structures that start to form in a statistically important number density today —and even at an infinite time in the future, since structure formation has almost stopped. This mass scale also separates turnaround structures with qualitatively different cosmological evolution: smaller structures are no longer readjusting their mass distribution inside the turnaround scale, they asymptotically approach their ultimate abundance from higher values, and they are common enough to have, at some epoch, experienced major mergers with structures of comparable mass; larger structures exhibit the opposite behavior. We call this mass scale the transitional mass scale and we argue that it is the optimal for the purpose outlined above. As a corollary

  19. Plurilateral Trade Deals: An Alternative for Multilateral Trade Agreements?

    Directory of Open Access Journals (Sweden)

    Agnes Ghibuțiu

    2016-04-01

    Full Text Available While multilateral trade negotiations under the World Trade Organization (WTO continue to be in impasse, plurilateral trade negotiations – i.e. among a group of WTO members – have intensified in recent years, and also recorded a series of concrete results in liberalizing specific sectors of international trade. Hence, there is a widely shared view that plurilateral trade negotiations could be an alternative for the multilateral ones. This paper aims to answer the following questions: What are plurilateral trade agreements? Which are the reasons behind the surge in plurilateral negotiations in recent years? What are the main achievements in liberalizing trade at the plurilateral level? What are the advantages of plurilateral negotiations relative to multilateral ones, and why are they considered an attractive alternative for negotiations at the multilateral level?

  20. Multi-lateral emission trading: lessons from inter-state NOx control in the United States

    International Nuclear Information System (INIS)

    Farrell, A.

    2001-01-01

    Marketable emission permit mechanisms are increasingly proposed as efficient means of managing environmental pollution problems such as greenhouse gas emissions. Existing examples of emissions trading in the literature have so far been limited to domestic efforts put in place through the action of a national legislature, which has no parallel in international politics. This paper examines two efforts to establish multi-lateral emissions trading for nitrogen oxides among various states with the US. One, the Ozone Transport Commission's NO x Budget program is a success. The other, the Ozone Transport Assessment Group and the federal government's subsequent NO x SIP Call has not resulted in a multi-lateral emissions control program, let alone an efficient, market-based one. Due to the relative similarities of the states (compared to highly heterogeneous nations of the world) these are ''best case'' examples, and explaining the vast differences in outcomes will help explain the potential and the challenges in developing an international emission trading program to control greenhouse gas emissions. (author)

  1. Act locally, trade globally. Emissions trading for climate policy

    Energy Technology Data Exchange (ETDEWEB)

    none

    2005-07-01

    Climate policy raises a number of challenges for the energy sector, the most significant being the transition from a high to a low-CO2 energy path in a few decades. Emissions trading has become the instrument of choice to help manage the cost of this transition, whether used at international or at domestic level. Act Locally, Trade Globally, offers an overview of existing trading systems, their mechanisms, and looks into the future of the instrument for limiting greenhouse gas emissions. Are current markets likely to be as efficient as the theory predicts? What is, if any, the role of governments in these markets? Can domestic emissions trading systems be broadened to activities other than large stationary energy uses? Can international emissions trading accommodate potentially diverse types of emissions targets and widely different energy realities across countries? Are there hurdles to linking emissions trading systems based on various design features? Can emissions trading carry the entire burden of climate policy, or will other policy instruments remain necessary? In answering these questions, Act Locally, Trade Globally seeks to provide a complete picture of the future role of emissions trading in climate policy and the energy sector.

  2. The Position of Suitcase Trading in Turkey’s Foreign Trade and Growth-Suitcase Trading Connection

    Directory of Open Access Journals (Sweden)

    Sinem YAPAR SAÇIK

    2013-12-01

    Full Text Available Suitcase trading which is defined as a purchasing process of merchandises in a country that is implemented by travelers (nonresidents to sell those merchandises in their own country; it has started to take place in balance of payments of Turkey since 1996. After the collapse of USSR in 1991 Turkey became a net exporter in suitcase trading so the country reached significant figures occasionally. In this paper the position of suitcase trading in Turkey’s foreign trade is analyzed in consideration of statistical indicators. According to the findings acquired from the study, suitcase trading is a significant variable for Turkey to have currency and to close foreign deficits. Suitcase trading and growth connection is also analyzed by econometric method which is co-integration test and the result is affirmative. And also it is found that this connection is unilateral causation from growth towards suitcase trading according to the findings of Granger causality test

  3. On the emergence of the ΛCDM model from self-interacting Brans-Dicke theory in d= 5

    Science.gov (United States)

    Reyes, Luz Marina; Perez Bergliaffa, Santiago Esteban

    2018-01-01

    We investigate whether a self-interacting Brans-Dicke theory in d=5 without matter and with a time-dependent metric can describe, after dimensional reduction to d=4, the FLRW model with accelerated expansion and non-relativistic matter. By rewriting the effective 4-dimensional theory as an autonomous 3-dimensional dynamical system and studying its critical points, we show that the ΛCDM cosmology cannot emerge from such a model. This result suggests that a richer structure in d=5 may be needed to obtain the accelerated expansion as well as the matter content of the 4-dimensional universe.

  4. On the emergence of the ΛCDM model from self-interacting Brans-Dicke theory in d = 5

    Energy Technology Data Exchange (ETDEWEB)

    Reyes, Luz Marina [CUCEI, Universidad de Guadalajara, Departamento de Ciencias Computacionales, Guadalajara (Mexico); Perez Bergliaffa, Santiago Esteban [Universidade do Estado do Rio de Janeiro, Departamento de Fisica Teorica, Instituto de Fisica, Rio de Janeiro (Brazil)

    2018-01-15

    We investigate whether a self-interacting Brans-Dicke theory in d = 5 without matter and with a time-dependent metric can describe, after dimensional reduction to d = 4, the FLRW model with accelerated expansion and non-relativistic matter. By rewriting the effective 4-dimensional theory as an autonomous 3-dimensional dynamical system and studying its critical points, we show that the ΛCDM cosmology cannot emerge from such a model. This result suggests that a richer structure in d = 5 may be needed to obtain the accelerated expansion as well as the matter content of the 4-dimensional universe. (orig.)

  5. DETERMINANTS OF INTRA-INDUSTRY TRADE OF THE NEW MEMBER STATES

    Directory of Open Access Journals (Sweden)

    Katarzyna Sledziewska

    2016-03-01

    Full Text Available The paper aims to analyze the determinants of intra-industry trade (IIT = simultaneous export and import of similar goods produced in one industry of the New Member States (NMS defined as 14 countries accessing the EU in the years 2004 and 2007. In our empirical analysis we use panel data with variables controlling for membership of these countries in the EU. Though the time series contain the years before the EU enlargement, we mainly focus on the period since the EU-Eastern enlargement (2004-2013. We estimate the determinants for EU members and NMS what permits us to find out, whether the changes in trade specialization differ between the old and the new EU members. We expect more intensive IIT as a proof of progress of economic integration of the NMS in the framework of the EU membership. Moreover, we examine additional impact of regionalism on IIT that represents the EU Common Commercial Policy (CCP impact.

  6. International bioenergy trade in the Netherlands

    International Nuclear Information System (INIS)

    Junginger, Martin; Wit, Marc de; Sikkema, Richard; Faaij, Andre

    2008-01-01

    The international biomass trade in the Netherlands has been growing strongly over the last few years, but information on the corresponding volumes, origins and prices is barely available. The objectives of this paper are to quantify imported and exported biomass volumes and origins, and identify drivers and barriers behind the trade flows. Data collection was based on existing statistics and information obtained from biomass traders and end-users. Net import of biomass for energy purposes has been increasing from 2.5 PJ in 2003 to above 20 PJ in 2005-2006, consisting mainly of vegetable oils, agricultural residues and wood and wood-derived fuels, used to almost 100% in Dutch coal- and gas-fired power plants. Biomass exports (mainly of waste wood and construction wood) were high in 2004 (an estimated 13.2 PJ) but have probably strongly declined by the end of 2006, while (re)-export of wood pellets has been increasing in recent years, estimated at 5-7 PJ in 2005-2006. The main driver for biomass imports were the Dutch MEP feed-in tariff for electricity from biomass, while difficulties to obtain permits to co-fire (contaminated) waste wood were a main driver for the export of biomass. Rapidly changing feed-in tariff levels and support systems were seen as one of the largest barriers for the development of a stable biomass trade. Other major issues include concerns regarding the sustainability of biomass production, competition with biomass applications for food and fodder and import restrictions. Major additional imports of liquid transportation fuels are expected until 2010, which could possibly increase the import of biomass to over 50 PJ. (author)

  7. Containing diffusion: the tobacco industry's multipronged trade strategy to block tobacco standardised packaging.

    Science.gov (United States)

    Crosbie, Eric; Eckford, Robert; Bialous, Stella

    2018-04-21

    To analyse the tobacco industry's strategy of using trade and investment agreements to prevent the global diffusion of standardised packaging (SP) of tobacco products. Review of tobacco industry documents, relevant government documents and media items. The data were triangulated and thematically analysed. Internal tobacco industry documents reveal that during the early 1990s, tobacco companies developed a multipronged trade strategy to prevent the global diffusion of progressive tobacco packaging and labelling proposals, including SP. This strategy consisted of (1) framing the health issue in terms of trade and investment, (2) detailing alleged legal violations concerning trade barriers, intellectual property and investment rights, (3) threatening legal suits and reputational damage, and (4) garnering third-party support. These efforts helped delay SP until 2010 when Australia became the first country to reintroduce SP proposals, followed by governments in the UK and New Zealand in 2012, Ireland in 2013 and France in 2014. Review of government documents and media sources in each of the five countries indicate the industry continues to employ this multipronged strategy throughout the SP policy's progression. Although this strategy is tailored towards each domestic context, the overall tobacco industry's trade strategy remains consistently focused on shifting the attention away from public health and towards the realm of trade and investment with more corporate-friendly allies. Governments seeking to implement SP need to be prepared to resist and counter the industry's multipronged trade strategy by avoiding trade diversions, exposing false industry legal and reputational claims, and monitoring third-party support. © Article author(s) (or their employer(s) unless otherwise stated in the text of the article) 2018. All rights reserved. No commercial use is permitted unless otherwise expressly granted.

  8. The ASEAN Free Trade Agreement: impact on trade flows and external trade barriers

    OpenAIRE

    Hector Calvo-Pardo; Caroline Freund; Emanuel Ornelas

    2009-01-01

    Using detailed data on trade and tariffs from 1992-2007, the authors examine how the ASEAN Free Trade Agreement has affected trade with nonmembers and external tariffs facing nonmembers. First, the paper examines the effect of preferential and external tariff reduction on import growth from ASEAN insiders and outsiders across HS 6-digit industries. The analysis finds no evidence that prefe...

  9. Trade Facilitation Provisions in Regional Trade Agreements: Discriminatory or Non-discriminatory?

    Directory of Open Access Journals (Sweden)

    Innwon Park

    2016-12-01

    Full Text Available The RTAs with trade facilitation provisions have been expected to generate a larger net trade-creating effect and complement the discriminatory feature of RTAs but have yet to be empirically proven. Recognizing the limitations of existing studies, we conducted a quantitative analysis on the effects of RTAs with and without trade facilitation provisions on both intra- and extra-bloc trade by using a modified gravity equation. We applied the Poisson Pseudo-Maximum Likelihood (PPML estimation with time varying exporter and importer fixed effect method to panel data consisting of 45,770 country pairs covering 170 countries for 2000-2010. We found that the trade facilitation provisions in existing RTAs are non-discriminatory by generating more intra- and extra-bloc trade in general. In particular, we found that the trade effects of RTAs in the APEC region are much stronger than the general case covering all RTAs in the world. In addition, as we control the trade effect of a country's trade facilitation, which is ranked by the World Bank's logistic performance index, RTAs consisting of trade facilitation provisions are discriminatory for trade in final goods and non-discriminatory for trade in intermediate goods. Overall, we endeavor to "explain," instead of "hypothesizing," why most of the recent RTAs contain trade facilitation provisions, especially in light of the deepening regional interdependence through trade in parts and components under global value chains and support the necessity of multilateralizing RTAs by implementing non-discriminatory trade facilitation provisions.

  10. The impacts of the export ban on Alaskan crude oil trade

    International Nuclear Information System (INIS)

    Farah, P.G.; Bausell, C.W.; Vogelsang, A.

    1990-01-01

    The authors investigated the petroleum markets impacts of lifting the ban on Alaska North Slope (ANS) crude oil exports. This paper reports on some aspects of this investigation. The economic analysis relied heavily on the modeling of the ANS crude trade conducted on behalf of GAO by the Energy Information Administration (EIA) using the Transportation and Refining of International Petroleum model (TRIP). In contrast to previous studies, this one suggests that transportation costs may not be the only major factor in the realignment of ANS crude trade in response to lifting the ban. The differences in the yields of ANS crude and various crudes used by refiners in Pacific Rim countries on the one hand, and the product demand slates of the US West Coast and the potential buyers of ANS crude in Pacific Rim may also figure prominently in determining the reallocation of ANS crude if exports are permitted

  11. Farmers, Trust, and the Market Solution to Water Pollution: The Role of Social Embeddedness in Water Quality Trading

    Science.gov (United States)

    Mariola, Matt J.

    2012-01-01

    Water quality trading (WQT) is a market arrangement in which a point-source water polluter pays farmers to implement conservation practices and claims the resulting benefits as credits toward meeting a pollution permit. Success rates of WQT programs nationwide are highly variable. Most of the literature on WQT is from an economic perspective…

  12. Economic-Social Analysis of Global Illicit Drug Trade

    Directory of Open Access Journals (Sweden)

    Salahedin Ghaderi

    2003-11-01

    Full Text Available Political unstability, less respect to the role of law, low life standards and suitable conditions for poppy/coca cultivation, have all affected on growing illicit drug international trafficking. Colombia is the center for global cocaine industry. Colombians had to use ship in the Carribean but now they pass Mexico where the costs are half of using ship. Mexican traffickers permit that the domestic poppy plants turned into herion, Colombian cocaine transited to USA and methamephtamine manufactured and distributed. Golden triangle in southeast Asia is one of the major regions for opium poppy cultivation. This region has seen many guerrilla warfare for selling illicit drugs especially in Myanmar. Manufactured hroin is usually dealt in Thailand. Golden Crescent region in southwest Asia has a suitable climate for opium poppy cultivation which provides necessay money for purchasing needed weapons by rival groups in northwestern border provinces of Afghanistan and Pakistan. Nigeria is one of the main centers for transporting heroin from Golden Crescent and cocaine from Brazil. Dominics run cocaine trade in New York and New England and Afro-American criminal organizations conduct heroin trading in big cities such as New york, Detroit, Chicago, Phila Delphia and Washington. Street trading of illicit drugs is mainly done by cultural or commanding gangs. Illicit drug traffickers apply many methods to laundering their profits including money exchange, smurfs, electronic transferring, and faced firms (the firms that are only registered.

  13. The Supply of Trade Credit by Brazilian Publicly Traded Firms

    Directory of Open Access Journals (Sweden)

    Rafael Felipe Schiozer

    2011-12-01

    Full Text Available This paper investigates the determinants of trade credit supply by Brazilian publicly traded companies between the years of 2005 and 2008. International literature (both theoretical and empirical documents that the main determinants of trade credit supply are the size of the firm and the size of its debt. Both indicate that the availability of resources to the firm is an important factor for the supply of trade credit. In addition, the literature confirms strategic uses of trade credit such as those for price discrimination purposes. The results obtained using a sample of 157 Brazilian companies do not support that size and indebtedness are relevant determinants for trade credit supply, but they confirm the supply of trade credit as a strategic tool for the firms. Additionally we observed a significant decrease in trade credit supply in 2008, the year in which a severe international financial crisis took place.

  14. Using velocity dispersion to estimate halo mass: Is the Local Group in tension with ΛCDM?

    Science.gov (United States)

    Elahi, Pascal J.; Power, Chris; Lagos, Claudia del P.; Poulton, Rhys; Robotham, Aaron S. G.

    2018-06-01

    Satellite galaxies are commonly used as tracers to measure the line-of-sight (LOS)velocity dispersion (σLOS) of the dark matter halo associated with their central galaxy, and thereby to estimate the halo's mass. Recent observational dispersion estimates of the Local Group, including the Milky Way and M31, suggest σ ˜50 km s-1, which is surprisingly low when compared to the theoretical expectation of σ ˜100 km s-1 for systems of their mass. Does this pose a problem for Lambda cold dark matter (ΛCDM)? We explore this tension using the SURFS suite of N-body simulations, containing over 10000 (sub)haloes with well tracked orbits. We test how well a central galaxy's host halo velocity dispersion can be recovered by sampling σLOS of subhaloes and surrounding haloes. Our results demonstrate that σLOS is biased mass proxy. We define an optimal window in vLOS and projected distance (Dp) - 0.5 ≲ Dp/Rvir ≲ 1.0 and vLOS ≲ 0.5Vesc, where Rvir is the virial radius and Vesc is the escape velocity - such that the scatter in LOS to halo dispersion is minimized - σLOS = (0.5 ± 0.1)σv, H. We argue that this window should be used to measure LOS dispersions as a proxy for mass, as it minimises scatter in the σLOS-Mvir relation. This bias also naturally explains the results from McConnachie (2012), who used similar cuts when estimating σLOS, LG, producing a bias of σLG = (0.44 ± 0.14)σv, H. We conclude that the Local Group's velocity dispersion does not pose a problem for ΛCDM and has a mass of log M_{LG, vir}/M_{⊙}=12.0^{+0.8}_{-2.0}.

  15. Research report for fiscal 1998. Promotion of activities implemented jointly etc. in China; 1998 nendo Chugoku ni okeru kyodo jisshi katsudo nado suishin chosa

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1999-03-01

    The Kyoto Protocol allows some flexibility in the implementation of methods for achieving the goal, such as emission trading, activities implemented jointly (AIJ) among advanced countries, construction of clean development mechanisms (CDM) with developing countries, etc., and Japan intends to positively make use of them for the achievement of the goal. For China, who holds second place in the list of greenhouse gas emitting countries in the world, the promotion of CDM is quite important. With the situation taken into consideration, interaction was effected with Chinese officers and scientists of government agencies and academic institutes involved in environmental matters, and researches were conducted. Views and information were exchanged regarding environmental problems and, after on-site investigations, researches were conducted and suggestions were presented as to how AIJ and CDM should be. The suggestions covered Chinese policies toward AIJ and CDM, current state of AIJ projects in China and systems for their promotion, means for enhancing such projects, and discovery of candidates for AIJ and CDM project application. (NEDO)

  16. Insider trading

    International Nuclear Information System (INIS)

    Maslechko, W.S.

    1998-01-01

    The policy arguments for and against prohibiting insider trading within the petroleum industry are discussed. Legal definitions of all relevant terms (e.g. 'special relationship' 'tippees', 'material facts', material changes' 'generally disclosed' information', 'necessary course of business') are provided. Enforcement of insider trading/tipping prohibitions are also defined. The recommended practice is: do not trade; do not tell or advise; encourage timely disclosure; do not speculate; implement a corporate disclosure and trading policy

  17. Operational management system for warehouse logistics of metal trading companies

    Directory of Open Access Journals (Sweden)

    Khayrullin Rustam Zinnatullovich

    2014-07-01

    . The developed software permit taking into account the described above specifics of metal products warehouse trading. The software can be easily integrated with ERP-systems and WMS-systems. The software contains the module of consolidation, which allows evaluating and comparing the quality of the logistics operations in a group of companies. The software was implemented and effectively used in a large metal trading company, which has few dozens of warehouses. Some results of mathematical simulation are presented.

  18. What are the opportunities related to the trading of emission reductions in the electricity market?

    International Nuclear Information System (INIS)

    Lemieux, M.

    2003-01-01

    Gaz Metropolitain distributes approximately 97 per cent of the natural gas used in Quebec. It operates an 8300 kilometre (km) pipeline network and has 150,000 customers. Revenues in 2002 were 1.6 billion. Since 1990, Gaz Metropolitain has reduced its greenhouse gas (GHG) emissions by 30 per cent. After a brief look at the sources of energy in Quebec and their associated GHG emissions, the author discussed the viability of a closed emission trading system with only a limited number of permits. The system could be opened up through the creation of credits in excluded sectors. Under the Kyoto Protocol, countries are allocated emitting permits in an open system since the credits are included in the Protocol. In Canada, the federal government has announced that a domestic emission trading system will be implemented for large emitters. The thermal production sector will be covered by a system consisting of an exchange of rights. Electricity produced from renewable energy sources would be excluded from the system, and it is yet to be decided whether credits could be generated. The creation of credits under the Canadian plan was reviewed. The projects accepted under the Greenhouse Gas Emission Reduction Trading Pilot (GERT) were examined and the development of the project was described. Some of the projects under GERT include a new dam in Newfoundland, a wind power project in Alberta, and a biomass cogeneration project in British Columbia to name but a few. It was noted that quantifying emissions in the case of indirect reductions is complex but feasible. 3 refs., tabs., figs

  19. Additive versus Multiplicative Trade Costs and the Gains from Trade Liberalizations

    DEFF Research Database (Denmark)

    Sørensen, Allan

    2014-01-01

    This paper addresses welfare e¤ects from trade liberalization in a Melitz (2003) heterogeneous-…rms trade model including the empirically important per-unit (i.e. additive) trade costs in addition to the conventional iceberg (i.e. multiplicative) and …xed trade costs. The novel contribution...... of the pa- per is the result that the welfare gain for a given increase in trade openness is higher for reductions in per-unit (additive) trade costs than for reductions in iceberg (multiplicative) trade costs. The ranking derives from di¤erences in intra-industry reallocations and in particular from...

  20. An inventory model with a new credit drift: Flexible trade credit policy

    Directory of Open Access Journals (Sweden)

    Ankit Prakash Tyagi

    2016-01-01

    Full Text Available In most of the published articles dealing with optimal order quantity model under permissible delay in payments, it is assumed that the supplier only put forwards fully permissible delay in payments if retailer ordered a bulky sufficient quantity otherwise permissible delay in payments would not be permitted. Practically, in competitive market environments and recession phases of business, every supplier wants to attract more retailers by the help of providing good facilities for trading. Necessity of order quantity may put a negative pressure on supplier’s demand. So, within the economic order quantity (EOQ framework the main purpose of this paper is to broaden this extreme case by introducing a new credit policy, Flexible Trade Credit Policy (FTCP, for supplier which can help him provide more free space of trading to retailers. This policy, after adopting by suppliers, not only provides attractive trading environments for retailers but also enhances the demand of supplier due to the large number of new retailers. Here in, under this policy, an inventory system is investigated as a cost minimization problem to establish the retailer’s optimal inventory cycle time and optimal order quantity. Three theorems are established to describe and to lighten optimal replenishment policies for the retailer. Finally, numerical examples are considered to illustrate all these theorems and managerial insights are given based on considered numerical examples.

  1. Trade Policy Preferences and the Factor Content of Trade

    DEFF Research Database (Denmark)

    Jäkel, Ina Charlotte; Smolka, Marcel

    demonstrate that the factor price changes induced by trade policy are negatively correlated with the factor content of free trade (and therefore factor abundance). Using large-scale international survey data, we test whether these predicted distributional effects are reflected in the trade policy preferences...... of workers with different labor market skills. In order to isolate the effects of factor abundance from other skill-related confounding factors, we employ a within-skill-group estimator that exploits the cross-country variation in the factor content of free trade. In line with theory, the data show......This paper provides a theoretical and empirical analysis of public opinion towards free trade, investigating cleavages both between and within countries. We study the distributional effects of trade policy in a neoclassical economy with not just two, but many input factors in production. We...

  2. Free trade or just trade? The world trade organisation, human rights ...

    African Journals Online (AJOL)

    The author critically examines the role of the World Trade Organisation (WTO). In recent years, it is noted, the organisation's agenda of trade liberalisation, its perceived lack of accountability and insensitivity to human rights have attracted intense criticism. It has been asserted that provisions of WTO agreements concerning ...

  3. Trade structure, trade mode and the urban-rural income gap in China

    Directory of Open Access Journals (Sweden)

    Hao Wei

    2013-05-01

    Full Text Available This paper analyses the effect of foreign trade in China on the urban-rural income gap from certain angles including trade scale, trade structure and trade mode at the national and provincial levels. The empirical results indicate that, from the perspective of trade scale, the export and import in the eastern and national regions have an expansion effect on the urban-rural income gap, and, in the central regions, they have a reduction effect. Furthermore, export in the western regions has a reduction effect while import in these regions did not have a significant effect. From the perspective of trade structure, the trade of high-tech products and labour-intensive products in the national and eastern regions has an expansion effect, and the trade of the above-mentioned products in the central regions has a reduction effect. The trade of labour-intensive products in the western regions has a reduction effect, and that of high-tech products an expansion effect. From the perspective of trade mode, processing trade and general trade in the national and eastern regions have an expansion effect, while in the central regions they have a reduction effect. General trade in the western regions would expand the urban-rural income gap, and processing trade does not have a significant effect. Consequently, when the South African Government is working out trade multiplicative and corresponding policy, they should consider the development of foreign trade and should pay attention to the labour market structure.

  4. The hidden hyperbolic geometry of international trade: World Trade Atlas 1870-2013.

    Science.gov (United States)

    García-Pérez, Guillermo; Boguñá, Marián; Allard, Antoine; Serrano, M Ángeles

    2016-09-16

    Here, we present the World Trade Atlas 1870-2013, a collection of annual world trade maps in which distance combines economic size and the different dimensions that affect international trade beyond mere geography. Trade distances, based on a gravity model predicting the existence of significant trade channels, are such that the closer countries are in trade space, the greater their chance of becoming connected. The atlas provides us with information regarding the long-term evolution of the international trade system and demonstrates that, in terms of trade, the world is not flat but hyperbolic, as a reflection of its complex architecture. The departure from flatness has been increasing since World War I, meaning that differences in trade distances are growing and trade networks are becoming more hierarchical. Smaller-scale economies are moving away from other countries except for the largest economies; meanwhile those large economies are increasing their chances of becoming connected worldwide. At the same time, Preferential Trade Agreements do not fit in perfectly with natural communities within the trade space and have not necessarily reduced internal trade barriers. We discuss an interpretation in terms of globalization, hierarchization, and localization; three simultaneous forces that shape the international trade system.

  5. Public policy and regulatory strategies in the global climate change context: opportunities and limitations of programmatic CDM; Politicas publicas e estrategias regulatorias no contexto das mudancas climaticas globais: oportunidades e limitacoes do MDL programatico

    Energy Technology Data Exchange (ETDEWEB)

    Romeiro, Viviane; Simoes, Andre Felipe; Januzzi, Gilberto M. [Universidade Estadual de Campinas (FEM/UNICAMP), SP (Brazil). Fac. de Engenharia Mecanica. Dept. de Planejamento de Sistemas Energeticos

    2008-07-01

    Carbon Market and its implications to reduce green house effect has been broadly discussed in the context of global climate change. This paper intends to analyze the new regulation of global climate change since Programmatic CDM was created, describing the proceeds to its implementation and discussing limitations and opportunities analyzes of this mechanism as a tool to obtain alternative energy source. It is discussed the challenges and opportunities about CDM programs in the international legal system in which Kyoto Protocol is based, as well as its contribution to attain benefits to global climate system and quality of social life. (author)

  6. Tendances Carbone no. 75 'The CDM: let's not discard a tool that raised over US$ 200 billion'

    International Nuclear Information System (INIS)

    Shishlov, Igor

    2012-01-01

    Among the publications of CDC Climat Research, 'Tendances Carbone' bulletin specifically studies the developments of the European market for CO 2 allowances. This issue addresses the following points: Everyone wonders which miraculous instrument will enable the Green Climate Fund to mobilize the pledged US$100 billion per year in climate finance by 2020. Developing countries are now asking for interim targets to quench their mounting skepticism that this level of commitment can be reached. In the meantime paradoxically, the Clean Development Mechanism (CDM) - a tool that managed to leverage over US$200 billion of mostly private investment for climate change mitigation - is left dying without much regret

  7. Insider trading under trading ban regulation in China’s A-share market

    Directory of Open Access Journals (Sweden)

    Chafen Zhu

    2015-09-01

    Full Text Available This study examines the effects of China’s 2008 trading ban regulation on the insider trading of large shareholders in China’s A-share market. It finds no evidence of insider trading during the ban period (one month before the announcement of a financial report, due to high regulation risk. However, the ban only constrains the profitability of insider trades during the ban period, while trades outside it remain highly profitable. Informed insider trading before the ban period is 2.83 times more profitable than uninformed trading. The regulation has changed insider trading patterns, but has been ineffective in preventing insider trading by large shareholders due to rigid administrative supervision and a lack of civil litigation and flexible market monitoring. This study enhances understanding of large shareholders’ trading behavior and has important implications for regulators.

  8. Trading Agents

    CERN Document Server

    Wellman, Michael

    2011-01-01

    Automated trading in electronic markets is one of the most common and consequential applications of autonomous software agents. Design of effective trading strategies requires thorough understanding of how market mechanisms operate, and appreciation of strategic issues that commonly manifest in trading scenarios. Drawing on research in auction theory and artificial intelligence, this book presents core principles of strategic reasoning that apply to market situations. The author illustrates trading strategy choices through examples of concrete market environments, such as eBay, as well as abst

  9. Redirecting International Trade

    DEFF Research Database (Denmark)

    Kokko, Ari; Söderlund, Bengt; Tingvall, Patrik Gustavsson

    2014-01-01

    The global financial crisis has contributed to the redirection of trade towards new markets outside the OECD area, where both demand patterns and the institutional environment differ from those in the OECD. This study provides an empirical examination of the consequences of this shift, based......-specific investments are particularly difficult to redirect towards markets with weak institutions....... on Swedish firm-level trade data. Results suggest that weak institutions hamper trade and reduce the length of trade relations, especially for small firms. Trade in industries that are characterized by a high frequency of trade conflicts and where transactions require extensive relationship...

  10. Redirecting International Trade

    DEFF Research Database (Denmark)

    Kokko, Ari; Söderlund, Bengt; Tingvall, Patrik Gustavsson

    The global financial crisis has accelerated the redirection of trade towards new markets, outside the OECD area, where both demand patterns and the institutional environment differ from those in the OECD. This study provides an empirical examination of the consequences of this shift. Results...... difficult to redirect towards markets with weak institutions....... suggest that weak institutions hamper trade and reduces the length of trade relations, especially for small firms. Furthermore, trade in industries that are characterized by a high degree of trade conflicts and that requires extensive relationship specific investments for trade to occur are comparatively...

  11. The effects of competing trade regimes on bilateral trade flows: case of Serbia

    Directory of Open Access Journals (Sweden)

    Predrag Bjelić

    2012-12-01

    Full Text Available The aim of this paper is to investigate the effects of competing trade regimes on Serbian trade with its most significant (traditional partners, like European Union and CEFTA 2006 signatories, and other untraditional trade partners with favourable trade regime, like the USA. To this end, gravity model with bilateral and time effects is estimated by Hausman-Taylor AR(1 instrumental variable estimator, using panel data on bilateral trade between Serbia and its main trade partners during the period 2001-2010. The results indicate that overall level of development and difference in factor endowments stimulate Serbia’s exports, which is in accordance with theoretical foundation that inter-industry trade is predominant in exports of less developed countries. Moreover, competing trade regimes appear as important determinant of Serbia’s trade relations, whereas additional liberalization of trade regime with the USA as untraditional trade partner, even asymmetrical to Serbia’s favour, cannot divert trade flows from traditional partners in the long-run. This could mean that distance plays more prominent role in bilateral trade than the degree of liberalization of trade regimes in case of Serbia. The result could be due to the contemporaneous effects of trade preferences granted to Serbia by the EU and other CEFTA 2006 signatories, main trading partners of Serbia.

  12. International trade in services: A scoping study of services trade and estimates of benefits from services trade liberalisation

    OpenAIRE

    Ballingall, John; Stephenson, John

    2005-01-01

    This is a scoping study. It summarises the dynamics of services trade in the world economy and discusses some of the benefits of services trade liberalisation from a qualitative and quantitative view point. We place particular emphasis on the role and interests of developing and least developed countries in world services trade. The study also provides an overview of services trade in the New Zealand economy, and, in places, highlights aspects of services trade where New Zealand’s interests m...

  13. Understanding the effect of an emissions trading scheme on electricity generator investment and retirement behaviour: the proposed carbon pollution reduction scheme

    Energy Technology Data Exchange (ETDEWEB)

    Lambie, N.R. [Australian National University, Canberra, ACT (Australia). Crawford School of Economics & Government

    2010-04-15

    The objective of a greenhouse gas (GHG) emissions trading scheme (ETS) is to reduce emissions by transitioning the economy away from the production and consumption of goods and services that are GHG intensive. A GHG ETS has been a public policy issue in Australia for over a decade. The latest policy initiative on an ETS is the proposed Carbon Pollution Reduction Scheme (CPRS). A substantial share of Australia's total GHG reduction under the CPRS is expected to come from the electricity generation sector. This paper surveys the literature on investment behaviour under an ETS. It specifically focuses on the relationship between the design of an ETS and a generator's decisions to invest in low emissions plant and retire high emissions plant. The proposed CPRS provides the context for presenting key findings along with the implications for the electricity generation sector's transition to lower emissions plant. The literature shows that design features such as the method of allocating permits, the stringency of the emissions cap along with permit price uncertainty, provisions for banking, borrowing and internationally trading permits, and the credibility of emissions caps and policy uncertainty may all significantly impact on the investment and retirement behaviour of generators.

  14. 77 FR 22267 - Eagle Permits; Changes in the Regulations Governing Eagle Permitting

    Science.gov (United States)

    2012-04-13

    ... with rotating wind turbines. Permit Duration and Transferability In February 2011, we published draft... permit applicants, because of the known risk to eagles from collisions with wind turbines and electric... change does not affect the tenure of any other migratory bird or eagle permit type. DATES: Electronic...

  15. Emissions trading with offset markets and free quota allocations

    Energy Technology Data Exchange (ETDEWEB)

    Rosendahl, Knut Einar; Strand, Jon

    2012-07-01

    We study interactions between a 'policy bloc's' emissions quota market and an offset market where emissions offsets can be purchased from a non-policy 'fringe' of countries (such as for the CDM under the Kyoto Protocol). Policy-bloc firms are assumed to benefit from free quota allocations that are updated according to either past emissions or past outputs. We show that both overall abatement, and the allocation of given abatement between the policy bloc and the fringe, tend to be inefficient. When the policy-bloc quota market and offset markets are fully integrated (and firms buy offsets directly from the fringe), and all quotas and offsets must be traded at a single price, it is optimal for the policy bloc to either not constrain the offset market whatsoever, or to ban offsets completely. The former (latter) case occurs when free allocation of quotas is not too generous (very generous), and the offset market can profitably deliver large (only a small) quota amounts. Governments of policy countries would however instead prefer to buy offsets directly from the fringe at a price below the policy-bloc quota price. The offset price will then be below the marginal damage cost of emissions, and the quota price in the policy bloc above marginal damage cost. This solution is also inefficient as the policy bloc (acting as a monopsonist) purchases too few offsets from the fringe.(Author)

  16. Political Economy of Tradeable Permits. Competitiveness, Co-operation and Market Power

    Energy Technology Data Exchange (ETDEWEB)

    Convery, F.J.; Dunne, L.; Redmond, L.; Ryan, L.B. [Department of Environmental Studies, University College, Dublin (Ireland)

    2003-07-01

    occurrence of the initiation of our workshop series with publication of these proposals was fortuitous, and provided a continuing deliberative thread to our workshops as they unfolded. The formal withdrawal from the Kyoto Process by the US added another dimension which was incorporated into the research agenda. Our brief did not confine us to climate change or indeed to Europe, but inevitably much of our focus was shaped by these developments. In Venice, Egenhofer (2001) provided a very comprehensive 'state of the art' as regards the theory and (especially) the practise of emissions trading, and its links with other policy instruments, notably taxation. As regards the latter, he notes that 'On a practical level, taxation increasingly is used as a stick to convince industry to accept cap and trade emissions trading programmes'. Typically, firms accepting an absolute cap and participation in cap-and-trade programmes are exempted from environmental or carbon taxes as evidenced in the UK where companies accepting to participate in the ET scheme are exempted up to 80% of the UK climate change levy. The criteria applied in the evaluation of emissions trading are typified by the paper by Boemare and Quirion (2001). They assess the Commission's proposal in some detail, and touch on 10 other schemes from a variety of perspectives, including number of participants and spatial coverage and permit allocation. For each theme, they set out the relevant theoretical framework and its implications, and then assess practise. The parts of their template which address competitiveness, co- operation and market power provides a convenient framework into which to incorporate some of the relevant political economy issues that were addressed in the research literature presented at the workshops.

  17. Political Economy of Tradeable Permits. Competitiveness, Co-operation and Market Power

    International Nuclear Information System (INIS)

    Convery, F.J.; Dunne, L.; Redmond, L.; Ryan, L.B.

    2003-01-01

    of our workshop series with publication of these proposals was fortuitous, and provided a continuing deliberative thread to our workshops as they unfolded. The formal withdrawal from the Kyoto Process by the US added another dimension which was incorporated into the research agenda. Our brief did not confine us to climate change or indeed to Europe, but inevitably much of our focus was shaped by these developments. In Venice, Egenhofer (2001) provided a very comprehensive 'state of the art' as regards the theory and (especially) the practise of emissions trading, and its links with other policy instruments, notably taxation. As regards the latter, he notes that 'On a practical level, taxation increasingly is used as a stick to convince industry to accept cap and trade emissions trading programmes'. Typically, firms accepting an absolute cap and participation in cap-and-trade programmes are exempted from environmental or carbon taxes as evidenced in the UK where companies accepting to participate in the ET scheme are exempted up to 80% of the UK climate change levy. The criteria applied in the evaluation of emissions trading are typified by the paper by Boemare and Quirion (2001). They assess the Commission's proposal in some detail, and touch on 10 other schemes from a variety of perspectives, including number of participants and spatial coverage and permit allocation. For each theme, they set out the relevant theoretical framework and its implications, and then assess practise. The parts of their template which address competitiveness, co- operation and market power provides a convenient framework into which to incorporate some of the relevant political economy issues that were addressed in the research literature presented at the workshops

  18. Tradeable carbon permits

    International Nuclear Information System (INIS)

    Koutstaal, P.R.

    1995-01-01

    The research project on tradeable carbon permits has focused on three elements. First of all, the practical implications of designing a system of tradeable emission permits for reducing CO2 has been studied. In the second part, the consequences of introducing a system of tradeable carbon permits for entry barriers have been considered. Finally, the institutional requirements and welfare effects of coordination of CO2 abatement in a second-best world have been examined

  19. THE ABUNDANCE OF BULLET GROUPS IN ΛCDM

    Energy Technology Data Exchange (ETDEWEB)

    Fernández-Trincado, J. G.; Forero-Romero, J. E. [Departamento de Física, Universidad de los Andes, Cra. 1 No. 18A-10, Edificio Ip, Bogotá (Colombia); Foex, G.; Motta, V. [Instituto de Física y Astronomía, Universidad de Valparaíso, Avda. Gran Bretaña 1111, Playa Ancha, Valparaíso 2360102 (Chile); Verdugo, T., E-mail: jfernandez@obs-besancon.fr, E-mail: je.forero@uniandes.edu.co [Centro de Investigaciones de Astronomía, AP 264, Mérida 5101-A (Venezuela, Bolivarian Republic of)

    2014-06-01

    We estimate the expected distribution of displacements between the two dominant dark matter (DM) peaks (DM-DM displacements) and between the DM and gaseous baryon peak (DM-gas displacements) in DM halos with masses larger than 10{sup 13} h {sup –1} M {sub ☉}. As a benchmark, we use the observation of SL2S J08544–0121, which is the lowest mass system (1.0 × 10{sup 14} h {sup –1} M {sub ☉}) observed so far, featuring a bi-modal DM distribution with a dislocated gas component. We find that (50 ± 10)% of the DM halos with circular velocities in the range 300-700 km s{sup –1} (groups) show DM-DM displacements equal to or larger than 186 ± 30 h {sup –1} kpc as observed in SL2S J08544–0121. For DM halos with circular velocities larger than 700 km s{sup –1} (clusters) this fraction rises to (70 ± 10)%. Using the same simulation, we estimate the DM-gas displacements and find that 0.1%-1.0% of the groups should present separations equal to or larger than 87 ± 14 h {sup –1} kpc, corresponding to our observational benchmark; for clusters, this fraction rises to (7 ± 3)%, consistent with previous studies of DM to baryon separations. Considering both constraints on the DM-DM and DM-gas displacements, we find that the number density of groups similar to SL2S J08544–0121 is ∼6.0 × 10{sup –7} Mpc{sup –3}, three times larger than the estimated value for clusters. These results open up the possibility for a new statistical test of ΛCDM by looking for DM-gas displacements in low mass clusters and groups.

  20. 50 CFR 679.4 - Permits.

    Science.gov (United States)

    2010-10-01

    ... this section, with the exception that an IFQ hired master permit or a CDQ hired master permit need not... program permit or card type is: Permit is in effect from issue date through the end of: For more... section (C) Halibut & sablefish hired master permits Specified fishing year Paragraph (d)(2) of this...

  1. State Licenses & Permits

    Data.gov (United States)

    Small Business Administration — Starting a business? Confused about whether you need a business license or permit? Virtually every business needs some form of license or permit to operate legally....

  2. Africa-Asia trade versus Africa's trade with the North: Trends and ...

    African Journals Online (AJOL)

    Abstract. This study shows that Europe continues to be Africa's major trading partner given the historical relations and long standing trading arrangements between the two. However, evidence also shows that despite maintaining strong trade linkages with Europe, Africa's trade with Asia has been growing at a much faster ...

  3. Entropy of international trades

    Science.gov (United States)

    Oh, Chang-Young; Lee, D.-S.

    2017-05-01

    The organization of international trades is highly complex under the collective efforts towards economic profits of participating countries given inhomogeneous resources for production. Considering the trade flux as the probability of exporting a product from a country to another, we evaluate the entropy of the world trades in the period 1950-2000. The trade entropy has increased with time, and we show that it is mainly due to the extension of trade partnership. For a given number of trade partners, the mean trade entropy is about 60% of the maximum possible entropy, independent of time, which can be regarded as a characteristic of the trade fluxes' heterogeneity and is shown to be derived from the scaling and functional behaviors of the universal trade-flux distribution. The correlation and time evolution of the individual countries' gross-domestic products and the number of trade partners show that most countries achieved their economic growth partly by extending their trade relationship.

  4. INTERACTION OF TRADE AND FINANCIAL LINKAGES IN THE FREE TRADE ZONES

    Directory of Open Access Journals (Sweden)

    V. Shevchenko

    2014-09-01

    Full Text Available Different models of free trade agreements (FTA and free trade zones (FTZ are considered in the article, argued the complex approach to their structures and results under unstable global economic environment. The typology of the free trade zones models and financial linkages types between countries have been developed. Approaches to the results of the free trade zones have been argued. It has been discovered that for the free trade zones of transitional countries the prevailing are tarde flows concentration whereas financial and investment linkages are acting with developed countries. The main directions of increasing of the financial linkages results in the free trade zones have been discovered.

  5. The hidden hyperbolic geometry of international trade: World Trade Atlas 1870–2013

    Science.gov (United States)

    García-Pérez, Guillermo; Boguñá, Marián; Allard, Antoine; Serrano, M. Ángeles

    2016-01-01

    Here, we present the World Trade Atlas 1870–2013, a collection of annual world trade maps in which distance combines economic size and the different dimensions that affect international trade beyond mere geography. Trade distances, based on a gravity model predicting the existence of significant trade channels, are such that the closer countries are in trade space, the greater their chance of becoming connected. The atlas provides us with information regarding the long-term evolution of the international trade system and demonstrates that, in terms of trade, the world is not flat but hyperbolic, as a reflection of its complex architecture. The departure from flatness has been increasing since World War I, meaning that differences in trade distances are growing and trade networks are becoming more hierarchical. Smaller-scale economies are moving away from other countries except for the largest economies; meanwhile those large economies are increasing their chances of becoming connected worldwide. At the same time, Preferential Trade Agreements do not fit in perfectly with natural communities within the trade space and have not necessarily reduced internal trade barriers. We discuss an interpretation in terms of globalization, hierarchization, and localization; three simultaneous forces that shape the international trade system. PMID:27633649

  6. Permit.LOA table

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — This table includes the effective dates by vessel and permit number for each issued letter of authorization (LOA) by the Permit Office (APSD)

  7. Comparative study on current trading system and online trading: the ...

    African Journals Online (AJOL)

    Comparative study on current trading system and online trading: the case of ... of online trading and factors affecting its feasibility of implementation in ECX. ... The study found that there is significant capacity problem with major skills gap with ...

  8. Energy Efficiency and Emissions Trading. A PEEREA perspective after the entry into force of the Kyoto Protocol and of the EU ETS

    International Nuclear Information System (INIS)

    2006-01-01

    The year 2005 was of particular importance for the climate change discussions. The Kyoto Protocol entered into force in February, following the Russian ratification. At the same time, the largest emission-trading scheme for CO2, the EU ETS came into operation. By the end of the year the first Meeting of the Parties to the UNFCCC took place in Montreal. The PEEREA Group discussed on several occasions the contribution of the Kyoto flexible mechanisms to boosting energy efficiency improvements. The role of energy efficiency projects in achieving climate change objectives was equally underlined. In 2004 a report was elaborated and subsequently printed on Carbon Trading and Energy Efficiency, with the understanding that the PEEREA Group will revisit the subject in order to reflect on new developments in this area. This paper, prepared by the Secretariat with the consultancy support of EcoSecurities, served the discussion and debate in the PEEREA Group on the latest developments and opportunities for energy efficiency in the climate change process. The paper provides only a brief introduction of the main concepts, as they were presented and discussed in the 2004 report. The focus is now on the operation of the EU ETS and on the implications for both EU and non EU PEEREA countries of the Linking Directive on the use of JI/CDM mechanisms in relation to improving energy efficiency

  9. Federal Fisheries Permit (FFP)/ Federal Processor Permit (FPP) Permit Program

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — The Federal Fisheries Permit (FFP) is required for vessels of the United States which are used to fish for groundfish in the Gulf of Alaska or Bering Sea and...

  10. Legal ivory trade in a corrupt world and its impact on African elephant populations.

    Science.gov (United States)

    Bennett, Elizabeth L

    2015-02-01

    Illegal hunting of African elephants (Loxodonta africana) for ivory is causing rapid declines in their populations. Since 2007, illegal ivory trade has more than doubled. African elephants are facing the most serious conservation crisis since 1989, when international trade was banned. One solution proposed is establishment of a controlled legal trade in ivory. High prices for ivory mean that the incentives to obtain large quantities are high, but the quantity of tusks available for trade are biologically constrained. Within that context, effective management of a legal ivory trade would require robust systems to be in place to ensure that ivory from illegally killed elephants cannot be laundered into a legal market. At present, that is not feasible due to corruption among government officials charged with implementing wildlife-related legislation. With organized criminal enterprises involved along the whole commodity chain, corruption enables the laundering of illegal ivory into legal or potentially legal markets. Poachers and traffickers can rapidly pay their way out of trouble, so the financial incentives to break the law heavily outweigh those of abiding by it. Maintaining reliable permitting systems and leak-proof chains of custody in this context is challenging, and effective management breaks down. Once illegal ivory has entered the legal trade, it is difficult or impossible for enforcement officers to know what is legal and illegal. Addressing corruption throughout a trade network that permeates countries across the globe will take decades, if it can ever be achieved. That will be too late for wild African elephants at current rates of loss. If we are to conserve remaining wild populations, we must close all markets because, under current levels of corruption, they cannot be controlled in a way that does not provide opportunities for illegal ivory being laundered into legal markets. © 2014 Society for Conservation Biology.

  11. Fair Trade and Justice: A Case Study of Fair Trade and its Effect on the Freedom of Bolivia’s Indigenous Women

    Directory of Open Access Journals (Sweden)

    Tamara Stenn

    2014-11-01

    Full Text Available Amartya Sen has written that for justice to be realized, freedom needs to be expanded. Fair Trade, a model of global trade that puts into motion billions of dollars, purports to promote justice, and therefore expands freedom. Fair Trade is a four-pillar structure comprised of institutions, producers, consumers, and government/policy. An economic, ethnographic study of Bolivia’s indigenous women working within the Fair Trade model for the past 15 years reported mixed results. The women questioned the justice of the model based on negative experiences induced by irregular work, stress, and unsupportive communities. At the same time, women acknowledged enhanced capabilities and opportunities emanating from skills development, empowerment, and income. Although it increased women’s freedom, there are ways in which Fair Trade could be made fairer through transparency, reciprocity, and public reasoning. This work is significant in the sense that it creates a new understanding of justice and trade that enables women’s voices to be heard.Amartya Sen ha planteado que para lograr justicia, se necesita expandir la libertad. El Comercio Justo, un modelo de comercio global que pone en movimiento miles de millones de dólares, pretende promover la justicia y, por consiguiente, expandir la libertad. El Comercio Justo es una estructura de cuatro pilares que comprende instituciones, productores, consumidores   y gobiernos/políticas gubernamentales. Un estudio económico y etnográfico de mujeres indígenas de Bolivia que han trabajado con este modelo de comercio los últimos 15 años reportó resultados muy diversos. Las mujeres cuestionaban la justicia de un modelo basado en experiencias negativas resultado del trabajo irregular, del estrés y de la falta de apoyo por parte de las comunidades. Al mismo tiempo, las mujeres reconocían mejoras en las capacidades y oportunidades que emanaban del desarrollo de habilidades, el empoderamiento y los ingresos

  12. Subtask 1.18 - A Decision Tool for Watershed-Based Effluent Trading

    Energy Technology Data Exchange (ETDEWEB)

    Xixi Wang; Bethany A. Kurz; Marc D. Kurz

    2006-11-30

    Handling produced water in an economical and environmentally sound manner is vital to coalbed methane (CBM) development, which is expected to increase up to 60% in the next 10-15 years as the demand for natural gas increases. Current produced water-handling methods (e.g., shallow reinjection and infiltration impoundments) are too costly when implemented on a well-by-well basis. A watershed-based effluent credit trading approach may be a means of managing produced water at reduced cost while meeting or surpassing water quality regulations. This market-based approach allows for improved water quality management by enabling industrial, agricultural, and municipal discharge facilities to meet water quality permit requirements by purchasing pollutant reduction credits from other entities within the same watershed. An evaluation of this concept was conducted for the Powder River Basin (PRB) of Montana and Wyoming by the Energy & Environmental Research Center (EERC). To conduct this assessment, the EERC collected and evaluated existing water quality information and developed the appropriate tools needed to assess the environmental and economic feasibility of specific trading scenarios. The accomplishments of this study include (1) an exploration of the available PRB water quantity and quality data using advanced statistical techniques, (2) development of an integrated water quality model that predicts the impacts of CBM produced water on stream salinity and sodicity, (3) development of an economic model that estimates costs and benefits from implementing potential trading options, (4) evaluation of hypothetical trading scenarios between select watersheds of the PRB, and (5) communication of the project concept and results to key state and federal agencies, industry representatives, and stakeholders of the PRB. The preliminary results of a basinwide assessment indicate that up to $684 million could be saved basinwide without compromising water quality as a result of

  13. Water-quality trading: Can we get the prices of pollution right?

    Science.gov (United States)

    Konishi, Yoshifumi; Coggins, Jay S.; Wang, Bin

    2015-05-01

    Water-quality trading requires inducing permit prices that account properly for spatially explicit damage relationships. We compare recent work by Hung and Shaw (2005) and Farrow et al. (2005) for river systems exhibiting branching and nonlinear damages. The Hung-Shaw scheme is robust to nonlinear damages, but not to hot spots occurring at the confluence of two branches. The Farrow et al. (2005) scheme is robust to branching, but not to nonlinear damages. We also compare the two schemes to each other. Neither dominates from a welfare perspective, but the comparison appears to tilt in favor of the Farrow et al. scheme.

  14. determinants of intra-industry trade between zambia and it's trading

    African Journals Online (AJOL)

    Eyerusalem

    countries which are relatively similar and produce relatively similar products. IIT arises from the .... trade based on economies of scale, imperfect competition and product differentiation ... with liberalisation, such as the collapse of the manufacturing industries, the country's trade ... Zambia: Diagnostic Trade Integration. Study.

  15. Trade, development and sustainability

    DEFF Research Database (Denmark)

    Røpke, Inge

    1994-01-01

    Mainstream economic theory argues that trade, and especially free trade, is beneficial to everyone involved. This fundamental idea ? which has the character of a dogma ? still plays an important role in international discussions on trade issues, notably in relation to development and environment...... be defended in all cases. Especially, the developing countries' benefits from trade have been very dubious. Furthermore, the trading system has contributed to environmental problems in several ways, e.g. generating undervaluation of natural resources, stimulating economic growth with environmental....... The purpose of this article is to critically assess the "free trade dogma" and to investigate the validity of widely used arguments concerning the relations between trade and development and between trade and environment. It is argued that the trading system is not something inherently good, which should...

  16. International Environmental Agreements: Emissions Trade, Safety Valves and Escape Clauses

    International Nuclear Information System (INIS)

    Karp, Larry; Zhao, Jinhua

    2010-01-01

    We explain how the structure of multi-national or multi-regional environmental agreements affect their chance of success. Trade in emissions permits has ambiguous and in some cases surprising effects on both the equilibrium level of abatement, and on the ability to persuade nations or regions to participate in environmental agreements. An escape clause policy and a safety valve policy have essentially the same properties when membership in environmental agreement is pre-determined, but they create markedly different effects on the incentives to join such an agreement. The two policies lead to a qualitative difference in the leverage that a potential member of the agreement exercises on other members

  17. Can the Clean Development Mechanism attain both cost-effectiveness and sustainable development objectives?

    International Nuclear Information System (INIS)

    Kolshus, Hans H; Vevatne, Jonas; Torvanger, Asbjoern; Aunan, Kristin

    2001-06-01

    The Clean Development Mechanism (CDM), as defined in the Kyoto Protocol, has two objectives: to promote sustainable development in host developing countries, and to improve global cost-effectiveness by assisting developed countries in meeting their Kyoto targets. The aim of this paper is to explore the background of the CDM and discuss to what extent its current design allows it to achieve its dual objective. The first part of the paper is a literature review that includes descriptions of the flexibility mechanisms under the Kyoto Protocol; the CDM's market potential, and the issues of cost-effectiveness and sustainable development. In the second part of the paper, we discuss to what extent there is a conflict between cost-effectiveness and sustain ability, and whether the two objectives of the CDM can be achieved simultaneously. We develop a set of indicators to evaluate non-carbon benefits of CDM projects on the environment, development, and. equity, and show how these indicators can be used in practice by looking at case studies of CDM project candidates in the energy sector from Brazil and China. We demonstrate that for some CDM projects there is a trade-off between cost-effectiveness, in terms of a low quota price, and a high score on sustain ability indicators. We have reason to believe that the size of the CDM market in some studies is over-estimated since transaction costs and the challenge of promoting sustainable development are not fully accounted for. Also, we find that the proposed set of indicators can be a necessary tool to assure that sustain ability impacts of CDM projects are taken into consideration. (author)

  18. Can the Clean Development Mechanism attain both cost-effectiveness and sustainable development objectives?

    Energy Technology Data Exchange (ETDEWEB)

    Kolshus, Hans H; Vevatne, Jonas; Torvanger, Asbjoern; Aunan, Kristin

    2001-06-01

    The Clean Development Mechanism (CDM), as defined in the Kyoto Protocol, has two objectives: to promote sustainable development in host developing countries, and to improve global cost-effectiveness by assisting developed countries in meeting their Kyoto targets. The aim of this paper is to explore the background of the CDM and discuss to what extent its current design allows it to achieve its dual objective. The first part of the paper is a literature review that includes descriptions of the flexibility mechanisms under the Kyoto Protocol; the CDM's market potential, and the issues of cost-effectiveness and sustainable development. In the second part of the paper, we discuss to what extent there is a conflict between cost-effectiveness and sustain ability, and whether the two objectives of the CDM can be achieved simultaneously. We develop a set of indicators to evaluate non-carbon benefits of CDM projects on the environment, development, and. equity, and show how these indicators can be used in practice by looking at case studies of CDM project candidates in the energy sector from Brazil and China. We demonstrate that for some CDM projects there is a trade-off between cost-effectiveness, in terms of a low quota price, and a high score on sustain ability indicators. We have reason to believe that the size of the CDM market in some studies is over-estimated since transaction costs and the challenge of promoting sustainable development are not fully accounted for. Also, we find that the proposed set of indicators can be a necessary tool to assure that sustain ability impacts of CDM projects are taken into consideration. (author)

  19. Sustainable Development Impacts of NAMAs: An integrated approach to assessment of co-benefits based on experience with the CDM

    DEFF Research Database (Denmark)

    Olsen, Karen Holm

    to assess the SD impacts of NAMAs. This paper argues for a new integrated approach to asses NAMAs' SD impacts that consists of SD indicators, procedures for stakeholder involvement and safeguards against negative impacts. The argument is based on a review of experience with the CDM’s contribution to SD...... and a comparison of similarities and differences between NAMAs and CDM. Five elements of a new approach towards assessment of NAMAs SD impacts are suggested based on emerging approaches and methodologies for monitoring, reporting and verification (MRV) of greenhouse gas reductions and SD impacts of NAMAs....

  20. The impact of policies regulating alcohol trading hours and days on specific alcohol-related harms: a systematic review.

    Science.gov (United States)

    Sanchez-Ramirez, Diana C; Voaklander, Donald

    2018-02-01

    Evidence supports the expectation that changes in time of alcohol sales associate with changes in alcohol-related harm in both directions. However, to the best of our knowledge, no comprehensive systematic reviews had examined the effect of policies restricting time of alcohol trading on specific alcohol-related harms. To compile existing evidence related to the impact of policies regulating alcohol trading hours/days of on specific harm outcomes such as: assault/violence, motor vehicle crashes/fatalities, injury, visits to the emergency department/hospital, murder/homicides and crime. Systematic review of literature studying the impact of policies regulation alcohol trading times in alcohol-related harm, published between January 2000 and October 2016 in English language. Results support the premise that policies regulating times of alcohol trading and consumption can contribute to reduce injuries, alcohol-related hospitalisations/emergency department visits, homicides and crime. Although the impact of alcohol trading policies in assault/violence and motor vehicle crashes/fatalities is also positive, these associations seem to be more complex and require further study. Evidence suggests a potential direct effect of policies that regulate alcohol trading times in the prevention of injuries, alcohol-related hospitalisations, homicides and crime. The impact of these alcohol trading policies in assault/violence and motor vehicle crashes/fatalities is less compelling. © Article author(s) (or their employer(s) unless otherwise stated in the text of the article) 2018. All rights reserved. No commercial use is permitted unless otherwise expressly granted.

  1. Canada's potential role in the Clean Development Mechanism

    International Nuclear Information System (INIS)

    Pape-Salmon, A.

    2000-01-01

    The role that Canada might play in the Kyoto Protocol's Clean Development Mechanism (CDM) is discussed. The CDM prescribes the way in which industrialized countries could create emission reduction credits for greenhouse gas emission reduction projects in developing countries which, in turn they could use to meet their own commitments and possibly reduce their cost of compliance with the Kyoto Protocol. While Canada does not see itself as a CDM project investor, it strongly supports private sector involvement in the CDM and believes that it has a role to play in assisting CDM investments by the Canadian private sector by facilitating desirable outcomes via international negotiations on the rules and modalities for the CDM which would minimize transaction costs; give prominence to aspects that Canada recognizes as necessary precursors to mobilizing private sector involvement in CDM activities; maximize the flexibility for use of the CDM; allow for conversion of credits between different Kyoto Mechanisms; allow for the certification of emissions sequestration from sinks; and maximize the environmental and sustainable development benefits of CDM projects. Canada also supports, along with the other members of the 'Umbrella group', the fewest possible restrictions and significant autonomy to the private sector to implement a variety of project activities in developing countries. This report provides a detailed examination of the Canadian government's views on the CDM, Canada's participation in international emission reduction projects, the factors that drive Canadian demand for greenhouse gas emission reduction offsets and the potential demand for CDM offsets, Canada's greenhouse gas emission inventory and projections, the approach of Canadian corporate investors in the CDM and Canadian technology and expertise in greenhouse gas emission reductions. Various appendices to the report contain further details on a number of cooperation agreements between Canada and other

  2. Clean development mechanism: Perspectives from developing countries

    Energy Technology Data Exchange (ETDEWEB)

    Sari, Agus P.; Meyers, Stephen

    1999-06-01

    This paper addresses the political acceptability and workability of CDM by and in developing countries. At COP-3 in Kyoto in 1997, the general position among developing countries changed from strong rejection of joint implementation to acceptance of CDM. The outgrowth of CDM from a proposal from Brazil to establish a Clean Development Fund gave developing countries a sense of ownership of the idea. More importantly, establishing support for sustainable development as a main goal for CDM overcame the resistance of many developing countries to accept a carbon trading mechanism. The official acceptance of CDM is not a guarantee of continued acceptance, however. Many developing countries expect CDM to facilitate a substantial transfer of technology and other resources to support economic growth. There is concern that Annex I countries may shift official development assistance into CDM in order to gain carbon credits, and that development priorities could suffer as a result. Some fear that private investments could be skewed toward projects that yield carbon credits. Developing country governments are wary regarding the strong role of the private sector envisioned for CDM. Increasing the awareness and capacity of the private sector in developing countries to initiate and implement CDM projects needs to be a high priority. While private sector partnerships will be the main vehicle for resource transfer in CDM, developing country governments want to play a strong role in overseeing and guiding the process so that it best serves their development goals. Most countries feel that establishment of criteria for sustainable development should be left to individual countries. A key issue is how CDM can best support the strengthening of local capacity to sustain and replicate projects that serve both climate change mitigation and sustainable development objectives.There is support among developing countries for commencing CDM as soon as possible. Since official commencement must

  3. Trade Finance during the 2008–9 Trade Collapse : Key Takeaways

    OpenAIRE

    Chauffour, Jean-Pierre; Malouche, Mariem

    2011-01-01

    Trade finance matters for trade, and when financial markets and world trade collapsed three years ago, a shortage in trade finance was hailed as a possible culprit. Because of the potential for global repercussions, world leaders called on the international community to act swiftly to avoid a depression. Governments and international institutions intervened to mitigate the impacts of the c...

  4. Promotion of energy conservation in developing countries through the combination of ESCO and CDM: A case study of introducing distributed energy resources into Chinese urban areas

    International Nuclear Information System (INIS)

    Ren Hongbo; Zhou Weisheng; Gao Weijun; Wu Qiong

    2011-01-01

    The implementation of an energy service company (ESCO) project in developing countries may result not only in reduced energy cost but also in considerable environmental benefits, including the reduction of CO 2 emissions, which can be assessed in an economic manner under the Clean Development Mechanism (CDM) scheme. In this way, the economic and environmental benefits of energy conservation activities can be enjoyed by both the investor and the end-user, which can reduce the investment risk and realize a rational profit allocation. This study presents a numerical analysis of the introduction of distributed energy resources (DER) into a Chinese urban area. An optimization model is developed to determine the energy system combination under the constraints on the electrical and thermal balances and equipment availability. According to the simulation results, the introduction of DER systems possesses considerable potential to reduce CO 2 emissions, especially when considering that the economic profit of the CO 2 credit will increase the incentive to adopt DER systems to an even greater extent. Furthermore, by sharing the energy cost savings with the investors under an ESCO framework, the investment risk can be further reduced, and the conditions required for the project to qualify for CDM can be relaxed. Highlights: ► An investor focused analytical model is developed to aid the investment of a DER system. ► The combination of ESCO and CDM enhances the incentive to introduce energy conservation measures. ► Electricity buy-back is effective in boosting the DER system adoption under the proposed framework. ► The increased energy cost savings allocated to the investor promotes the DER system adoption. ► The rational allocation of CER credits is of vital importance to the success of the project.

  5. CDM pilot project to stimulate market for family-hydro for low-income households

    International Nuclear Information System (INIS)

    2004-01-01

    Over 100,000 low-income households living in rural, rice-farming regions of Vietnam and China rely upon family-hydro (between 100 and 200W) as the only affordable means of obtaining electricity. These systems are used for domestic lighting, radio and, in some cases, televisions. The units are small, cheap and are usually installed and owned by a single family. Funding from the CDM could be utilised in order to reduce the cost of good quality equipment to provide low-income households living in isolated off-grid locations with an affordable and sustainable electricity supply which can meet their needs for lighting, educational, productive and recreational uses. Therefore research was needed to determine the level of carbon emission reductions resulting from their use. The successful acceptance by the Prototype Carbon Fund (PCF) of the methodology of establishing the benchmark developed during this project could then be used as a precedent by other project developers in the future, thus being of long-term support to the emerging family-hydro industry. (author)

  6. Expanding the development benefits from carbon offsets

    Energy Technology Data Exchange (ETDEWEB)

    Ayres, Jessica; Grieg-Gran, Maryanne; Harris, Lizzie; Huq, Saleemul

    2006-10-15

    The Clean Development Mechanism (CDM) of the Kyoto Protocol which allows for trade in emission reductions between developing and developed countries has a specific aim of ensuring that carbon emission reduction projects contribute to sustainable development of the host country according to standards set by that country. However, the development potential of transactions under the CDM is constrained by a number of factors. Governments face the dilemma of setting demanding sustainable development criteria and running the risk of losing investments to other developing countries with less demanding standards, or setting less stringent standards and thus generating little benefit at the local level. This is compounded by the fact that concluding deals under the CDM in developing countries is more expensive, time-consuming and risky than buying carbon credits elsewhere.

  7. Implications of the New Regional Trade Agreements for the World Trading System

    Directory of Open Access Journals (Sweden)

    Agnes Ghibuțiu

    2017-04-01

    Full Text Available The year 2013 witnessed an outstanding rise in the pace and scale of negotiations on regional trade agreements (RTAs. While RTAs are not a new phenomenon, current negotiations involve multiple parties and/or major trading countries that have a significant combined economic weight, i.e. mega-RTAs. This paper looks at the recent surge in trade regionalism and addresses some of the key issues related to the potential impact of mega-RTAs upon the world trading system and global trade patterns. It examines the peculiarities of the new mega-RTAs and the factors underlying their proliferation, and discusses the main concerns raised by their foreseeable impact on excluded countries and the wider trading system. The paper finds that, if successfully concluded, mega-RTAs are likely to have far-reaching implications for the world trading regime, affecting its transparency and coherence. Nevertheless, the adverse effects could be cushioned through a revival of trading nations’ interest in the multilateral Doha Round talks.

  8. Trade Integration and Trade Imbalances in the European Union: A Network Perspective

    Science.gov (United States)

    Krings, Gautier M.; Carpantier, Jean-François; Delvenne, Jean-Charles

    2014-01-01

    We study the ever more integrated and ever more unbalanced trade relationships between European countries. To better capture the complexity of economic networks, we propose two global measures that assess the trade integration and the trade imbalances of the European countries. These measures are the network (or indirect) counterparts to traditional (or direct) measures such as the trade-to-GDP (Gross Domestic Product) and trade deficit-to-GDP ratios. Our indirect tools account for the European inter-country trade structure and follow (i) a decomposition of the global trade flow into elementary flows that highlight the long-range dependencies between exporting and importing economies and (ii) the commute-time distance for trade integration, which measures the impact of a perturbation in the economy of a country on another country, possibly through intermediate partners by domino effect. Our application addresses the impact of the launch of the Euro. We find that the indirect imbalance measures better identify the countries ultimately bearing deficits and surpluses, by neutralizing the impact of trade transit countries, such as the Netherlands. Among others, we find that ultimate surpluses of Germany are quite concentrated in only three partners. We also show that for some countries, the direct and indirect measures of trade integration diverge, thereby revealing that these countries (e.g. Greece and Portugal) trade to a smaller extent with countries considered as central in the European Union network. PMID:24465381

  9. Trade integration and trade imbalances in the European Union: a network perspective.

    Science.gov (United States)

    Krings, Gautier M; Carpantier, Jean-François; Delvenne, Jean-Charles

    2014-01-01

    We study the ever more integrated and ever more unbalanced trade relationships between European countries. To better capture the complexity of economic networks, we propose two global measures that assess the trade integration and the trade imbalances of the European countries. These measures are the network (or indirect) counterparts to traditional (or direct) measures such as the trade-to-GDP (Gross Domestic Product) and trade deficit-to-GDP ratios. Our indirect tools account for the European inter-country trade structure and follow (i) a decomposition of the global trade flow into elementary flows that highlight the long-range dependencies between exporting and importing economies and (ii) the commute-time distance for trade integration, which measures the impact of a perturbation in the economy of a country on another country, possibly through intermediate partners by domino effect. Our application addresses the impact of the launch of the Euro. We find that the indirect imbalance measures better identify the countries ultimately bearing deficits and surpluses, by neutralizing the impact of trade transit countries, such as the Netherlands. Among others, we find that ultimate surpluses of Germany are quite concentrated in only three partners. We also show that for some countries, the direct and indirect measures of trade integration diverge, thereby revealing that these countries (e.g. Greece and Portugal) trade to a smaller extent with countries considered as central in the European Union network.

  10. Energy trading

    International Nuclear Information System (INIS)

    Beckmann, K.; Schroeter, S.

    2009-01-01

    Two brief articles and two interviews deal with the subject of energy trading. Power and gas exchanges in Europe multiply, but, experts say, we are nowhere near a mature, integrated European energy market as yet. Trading regulations need to be improved and harmonised and interconnections expanded. European Energy Review assesses the state of energy trading in Europe and interviews the ceo's of NordPool (the Nordic power exchange) and APX (Amsterdam Power Exchange)

  11. 76 FR 71378 - Labor Advisory Committee for Trade Negotiations and Trade Policy

    Science.gov (United States)

    2011-11-17

    ... DEPARTMENT OF LABOR Office of the Secretary Labor Advisory Committee for Trade Negotiations and Trade Policy ACTION: Meeting notice. SUMMARY: Pursuant to the provisions of the Federal Advisory... Committee for Trade Negotiation and Trade Policy. Date, Time, Place: November 30, 2011; 2-4:30 p.m.; U.S...

  12. 77 FR 65581 - Labor Advisory Committee for Trade Negotiations and Trade Policy

    Science.gov (United States)

    2012-10-29

    ... DEPARTMENT OF LABOR Office of the Secretary Labor Advisory Committee for Trade Negotiations and Trade Policy ACTION: Meeting notice. SUMMARY: Pursuant to the provisions of the Federal Advisory... Committee for Trade Negotiation and Trade Policy. Date, Time, Place: November 13, 2012; 10:00 a.m.-12:00 p.m...

  13. BENEFITS AND DRAWBACKS OF ONLINE TRADING VERSUS TRADITIONAL TRADING. EDUCATIONAL FACTORS IN ONLINE TRADING

    Directory of Open Access Journals (Sweden)

    Petric (Iancu Ioana Ancuta

    2015-07-01

    Full Text Available In terms of marketing, online trading is a new distribution channel and trading platforms are products of Investment and Financial Services Companies. Internet shortens the connection between the investor and the products they wish to purchase (shares, futures, CFDs, government securities, bonds, etc., and in some cases it no longer needs a security broker. Increasing use of the Internet and increasing competitiveness between Investment and Financial Services Companies do the latter, to seek new distribution channels to specific products. The purpose of this paper is to examine to what extent the investor education level affects the decision to move from traditional trading to online trading and the benefits and disadvantages of these types of transactions. To whom should the Investment and Financial Services Companies guide their marketing campaign to attract more investors for online platforms? The work presented is part of a larger project that will be part of author thesis, studying other factors that influence the decision to move from traditional to online trading: cost factor, time factor, psychological and social attributes of investors, yield portfolios and technological capacities of Investment and Financial Services Companies. Starting from the idea that with the increase of experience in stock investments the investors will want to make their own decisions, Investment and Financial Services Companies should provide new products. Compared to competitors, an Investment and Financial Services Company must innovate, and information technology currently offers the tools for innovation facilities. At the same time, the existence and development of the Internet has made the transaction without assistance or with minimal human intervention possible (Voss, 2000. The difference is in the knowledge about stock market, the speed the transaction orders arrive in the stock market, direct access to multiple markets, transaction costs and the level

  14. 50 CFR 660.25 - Permits.

    Science.gov (United States)

    2010-10-01

    ... change and the reasons for the request. If the permit requested to be changed to the base permit is..., vessel owner, or permit owner for any reason. The sablefish at-sea processing exemption will expire upon... ownership. (G) For a request to change a permit's ownership that is necessitated by divorce, the individual...

  15. 41 CFR 102-74.500 - Can Federal agencies disapprove permit applications or cancel issued permits?

    Science.gov (United States)

    2010-07-01

    ... 41 Public Contracts and Property Management 3 2010-07-01 2010-07-01 false Can Federal agencies disapprove permit applications or cancel issued permits? 102-74.500 Section 102-74.500 Public Contracts and... cancel issued permits? Yes, Federal agencies may disapprove any permit application or cancel an issued...

  16. A Comparative Analysis of Trade Facilitation in Selected Regional and Bilateral Trade Agreement

    OpenAIRE

    Institute for International Trade

    2006-01-01

    This study compared the treatment of trade facilitation in four selected regional trade agreements, AFTA, APEC, SAFRA and PACER, and in one bilateral free trade agreement being the Australia-Singapore Free Trade Agreement (ASFTA), with a view to determining model trade facilitation principles and measures which may be instructive for developing country negotiations and policy makers.

  17. REGIONALIZATION AND INTRA-INDUSTRY TRADE. AN ANALYSIS OF AUTOMOBILE INDUSTRY TRADE IN NAFTA

    OpenAIRE

    Sylvie MONTOUT; Jean-Louis MUCCHIELLI; Soledad ZIGNAGO

    2002-01-01

    As was shown in some previous studies, the creation of the North American Free Trade American (NAFTA) has significantly increased trade and investment flows between member countries. Consequently, it seems appropriate to analyze the incidences of the free trade agreement on the nature of trade. In this paper, we study the intra-industry trade in the automobile industry within the NAFTA area. Our results highlight an increase in intra-industry trade since the beginning of the 1990s. The import...

  18. Reconfiguring trade mark law

    DEFF Research Database (Denmark)

    Elsmore, Matthew James

    2013-01-01

    -border setting, with a particular focus on small business and consumers. The article's overall message is to call for a rethink of received wisdom suggesting that trade marks are effective trade-enabling devices. The case is made for reassessing how we think about European trade mark law.......First, this article argues that trade mark law should be approached in a supplementary way, called reconfiguration. Second, the article investigates such a reconfiguration of trade mark law by exploring the interplay of trade marks and service transactions in the Single Market, in the cross...

  19. INDONESIAN TRADE UNDER CHINA FREE TRADE AREA

    Directory of Open Access Journals (Sweden)

    Tavi Supriana

    2011-09-01

    Full Text Available This paper investigates the implementation of CAFTA (China-Asean Free Trade Area on the international trade flows across Indonesia, China and the rest of ASEAN using a gravitation model. It finds the evidence that the influence of diversion and creation effects on China are significant, while the influence of both effects on Indonesia are not significant. It also finds that the diversion effect, which leads to a decrease in society’s wealth, is greater than that of the creation effect. As a consequence, the gap across countries involved in the trade agreement is wider. Keywords: CAFTA, gravitation model, diversion effect, creation effectJEL classification numbers: F13, F14, F15

  20. Title V Permitting Statistics Inventory

    Data.gov (United States)

    U.S. Environmental Protection Agency — The Title V Permitting Statistics Inventory contains measured and estimated nationwide statistical data, consisting of counts of permitted sources, types of permits...

  1. Trade, Labor, Legitimacy

    OpenAIRE

    Guzman, Andrew

    2003-01-01

    The relationship between international trade and labor standards is one of several controversial issues facing the WTO. Proponents of a trade-labor link argue that labor is a human rights issue and that trade sanctions represent a critical tool in the effort to improve international working conditions. Opponents argue that a link between trade and labor would open the door to protectionist measures that would target low wage countries and harm the very workers the policy is intended to help. ...

  2. Banking behavior under uncertainty: Evidence from the US Sulfur Dioxide Emissions Allowance trading program

    International Nuclear Information System (INIS)

    Rousse, Olivier; Sevi, Benoit

    2006-02-01

    The aim of this paper is to examine portfolio management of emission allowances in the US Sulfur Dioxide Emissions Allowance Trading Program, to determine whether utilities have a real motive to bank when risk increases. We test a theoretical model linking the motivation of the firm to accumulate permits in order to prepare itself to face a risky situation in the future. Empirical estimation using data for years 2001 to 2004 provides evidence of a relationship between banking behavior and uncertainty the utility is facing with. (authors)

  3. The Algerian Foreign Trade between the Multilateral Trading System and the Regionalism

    Directory of Open Access Journals (Sweden)

    Khayreddine Belaaze

    2014-04-01

    Full Text Available This contribution aims at highlighting a major challenge facing global trade and trade in developing countries. Indeed, regional and preferential trade agreements are now more than ever inconsistent and incoherent and one of the principles of the World Trade Organization, the clause of the most favored nation requiring eliminated all forms of discrimination between trading parties, but what we see in regional trade agreements that the preferential tariffs based on a principle of discrimination. All regional trade agreements granting preferential tariffs between member countries, these preferences do not include the remains of non-member countries (rest of world. On the other hand, preferential tariffs are lower than MFN rates. Meanwhile, the number of regional agreements has doubled since 1995 date creation of the WTO, and Algeria like other developing countries considered one of countries which have not benefit a lot from this situation.

  4. 50 CFR 18.31 - Scientific research permits and public display permits.

    Science.gov (United States)

    2010-10-01

    ... the population stock and the marine ecosystem. In determining whether to issue a public display permit... 50 Wildlife and Fisheries 6 2010-10-01 2010-10-01 false Scientific research permits and public..., DEPARTMENT OF THE INTERIOR (CONTINUED) TAKING, POSSESSION, TRANSPORTATION, SALE, PURCHASE, BARTER...

  5. Hanford Facility RCRA permit handbook

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-03-01

    Purpose of this Hanford Facility (HF) RCRA Permit Handbook is to provide, in one document, information to be used for clarification of permit conditions and guidance for implementing the HF RCRA Permit.

  6. Opportunities for increasing domestic added value ofcocoa through trade regulation

    Directory of Open Access Journals (Sweden)

    Bambang Drajat

    2011-08-01

    Full Text Available The operation of multinational companies on cocoa bean trade in Indonesia related to the liberalization policy on trade and investment in Indonesia permits for multinational companies to operate in Indonesia and liable to buy cocoa bean directly from farmers. The problem encountered is the domestic market liberalization gives rise to changes in market power and results ini the dominant position of multinational companies. This research aimed to (i analyze the impact of the exercise of market power by cocoa multinational company, (ii to analyze the possibility of deregulation of cocoa bean domestic trade, and (iii to estimate the potential increase in added value of cocoa down-stream industry as a result of deregulation. Some steps of research conducted includes (i desk research, (ii field survey by interviewing samples of farmers, traders, exporters, processors, as well as other business participants, (iii special interviews with key persons related to regulation as well as deregulation of domestic trade and down-stream industry development, and (iv focussed group discussion involving related stakeholders of cocoa. The results showed that the impact of the exercise of market power by multinational companies refers to the decreasing market shares of national companies from 2007 to 2009. Based on the market power domination of multinational companies in one side and the lack of down-stream industry development in the other side, there is a possibility to deregulate the above policy by continuing the new regulation (export tax of cocoa beans, directing multinational exporters toward downstream industry by partnership with domestic-idle capacity processing industry and import tariff escalation for processed cocoa. By the new regulation, the opportunity to increase domestic added value becomes greater. This cocoa down-stream industry development will increase the potential domestic added value at least 10%. Key words : Liberalization, deregulation

  7. Greenhouse gas credits trade versus biomass trade – weighing (Workshop Summary)

    NARCIS (Netherlands)

    Junginger, H.M.; Faaij, A.P.C.; Robertson, K.; Woes-Gallasch, S.; Schlamadinger, B.

    2006-01-01

    A workshop entitled ‘Greenhouse gas credits trade versus biomass trade – weighing the benefits’, jointly organised by IEA Bioenergy Tasks 38 (GHG Balances of Biomass and Bioenergy Systems) and 40 (Sustainable International Bioenergy Trade: Securing Supply and Demand), and ENOVA, took place in

  8. International emissions trading

    DEFF Research Database (Denmark)

    Boom, Jan Tjeerd

    This thesis discusses the design and political acceptability of international emissions trading. It is shown that there are several designs options for emissions trading at the national level that have a different impact on output and thereby related factors such as employment and consumer prices....... The differences in impact of the design make that governments may prefer different designs of emissions trading in different situations. The thesis furthermore establishes that international emissions trading may lead to higher overall emissions, which may make it a less attractive instrument....

  9. Trading pollution is the way forward

    International Nuclear Information System (INIS)

    Russell, Eric

    1999-01-01

    At the UN Climate Change Meeting in Bonn in October 1999 it was expected that although more restraints might be placed on industry, this in turn creates opportunities for those in the business of emission control technology. Coal is a major contributor to enhanced global warming and since in excess of 40% of the world's electricity is likely to come from coal burning by 2010 there is scope for developing a cleaner coal burning technology. The Kyoto protocol permits countries to purchase emissions reductions from other countries and this reduces the amount and cost of action that would otherwise be required by the purchasing country to meet its obligations. The UK government would like to see a domestic pilot trading scheme for greenhouse gases. The government is also promoting pilot change levy where different levy levels would be set for different sectors of industry. Some countries wish to use their natural sinks for carbon dioxide to offset their emissions responsibilities. (UK)

  10. Banking and Trading

    NARCIS (Netherlands)

    Boot, A.W.A.; Ratnovski, L.

    2016-01-01

    We study the interaction between relationship banking and short-term arm’s length activities of banks, called trading. We show that a bank can use the franchise value of its relationships to expand the scale of trading, but may allocate too much capital to trading ex post , compromising its ability

  11. Trade reform in Iran for accession to the World Trade Organization

    NARCIS (Netherlands)

    Farajzadeh, Zakariya; Zhu, Xueqin; Bakhshoodeh, Mohammad

    2017-01-01

    We developed a computable general equilibrium (CGE) model to study the potential welfare and environmental impacts of Iran's trade reform for accession to the World Trade Organization (WTO). Our results show that removing trade barriers not only results in higher welfare and GDP as well as lower

  12. Benefits of trade facilitation as a simpler procedure for world trade growth

    OpenAIRE

    Miteva-Kacarski, Emilija; Gorgieva-Trajkovska, Olivera

    2011-01-01

    “The simplification and harmonisation of international trade procedures” where trade procedures are the “activities, practices and formalities involved in collecting, presenting, communicating and processing data required for the movement of goods in international trade” is trade facilitation according the WTO. Trade facilitation initiatives benefit both the business community and governments. The business community benefits by obtaining enhanced competitiveness in national and international ...

  13. World Trade Organisation (WTO): Trade rules/agreements and ...

    African Journals Online (AJOL)

    The GATT (General Agreement on Trade and Tariffs) rules of 1947 were seen as prejudicial to the economic and development concerns of developing countries. With the coming into effect of World Trade Organization (WTO), it was expected that some of the concerns of the developing countries will be addressed.

  14. 48 CFR 52.225-3 - Buy American Act-Free Trade Agreements-Israeli Trade Act.

    Science.gov (United States)

    2010-10-01

    ... Trade Agreements-Israeli Trade Act. 52.225-3 Section 52.225-3 Federal Acquisition Regulations System... Text of Provisions and Clauses 52.225-3 Buy American Act—Free Trade Agreements—Israeli Trade Act. As prescribed in 25.1101(b)(1)(i), insert the following clause: Buy American Act—Free Trade Agreements—Israeli...

  15. The Carbon Trading Price and Trading Volume Forecast in Shanghai City by BP Neural Network

    OpenAIRE

    Liu Zhiyuan; Sun Zongdi

    2017-01-01

    In this paper, the BP neural network model is established to predict the carbon trading price and carbon trading volume in Shanghai City. First of all, we find the data of carbon trading price and carbon trading volume in Shanghai City from September 30, 2015 to December 23, 2016. The carbon trading price and trading volume data were processed to get the average value of each 5, 10, 20, 30, and 60 carbon trading price and trading volume. Then, these data are used as input of BP neural network...

  16. Nutrition labelling is a trade policy issue: lessons from an analysis of specific trade concerns at the World Trade Organization.

    Science.gov (United States)

    Thow, Anne Marie; Jones, Alexandra; Hawkes, Corinna; Ali, Iqra; Labonté, Ronald

    2017-01-12

    Interpretive nutrition labels provide simplified nutrient-specific text and/or symbols on the front of pre-packaged foods, to encourage and enable consumers to make healthier choices. This type of labelling has been proposed as part of a comprehensive policy response to the global epidemic of non-communicable diseases. However, regulation of nutrition labelling falls under the remit of not just the health sector but also trade. Specific Trade Concerns have been raised at the World Trade Organization's Technical Barriers to Trade Committee regarding interpretive nutrition labelling initiatives in Thailand, Chile, Indonesia, Peru and Ecuador. This paper presents an analysis of the discussions of these concerns. Although nutrition labelling was identified as a legitimate policy objective, queries were raised regarding the justification of the specific labelling measures proposed, and the scientific evidence for effectiveness of such measures. Concerns were also raised regarding the consistency of the measures with international standards. Drawing on policy learning theory, we identified four lessons for public health policy makers, including: strategic framing of nutrition labelling policy objectives; pro-active policy engagement between trade and health to identify potential trade issues; identifying ways to minimize potential 'practical' trade concerns; and engagement with the Codex Alimentarius Commission to develop international guidance on interpretative labelling. This analysis indicates that while there is potential for trade sector concerns to stifle innovation in nutrition labelling policy, care in how interpretive nutrition labelling measures are crafted in light of trade commitments can minimize such a risk and help ensure that trade policy is coherent with nutrition action. © The Author 2017. Published by Oxford University Press. All rights reserved. For Permissions, please email: journals.permissions@oup.com.

  17. Trade Blocs, Currency Blocs and the Disintegration of World Trade in the 1930s

    OpenAIRE

    Eichengreen, Barry; Irwin, Douglas

    1993-01-01

    The dramatic implosion and regionalization of international trade during the 1930s has often been blamed on the trade and foreign exchange policies that emerged in the interwar period. We provide new evidence on the impact of trade and currency blocs on trade flows from 1928 1938 that suggests a blanket indictment of interwar trade policies and payments arrangements is not warranted. Discriminatory trade policies and international monetary arrangements had neither a uniformly favorable nor un...

  18. Are Preferential Trade Agreements with Non-trade Objectives a Stumbling Block for Multilateral Liberalization?

    OpenAIRE

    Nuno Limão

    2007-01-01

    In many preferential trade agreements (PTAs), countries exchange not only reductions in trade barriers but also cooperation in non-trade issues such as labour and environmental standards, intellectual property, etc. We provide a model of PTAs motivated by cooperation in non-trade issues and analyse its implications for global free trade and welfare. We find that such PTAs increase the cost of multilateral tariff reductions and thus cause a stumbling block to global free trade. This occurs bec...

  19. Trade between China and the Netherlands: a case study of trade in tasks

    NARCIS (Netherlands)

    den Butter, F.A.G.; Hayat, R.

    2013-01-01

    Purpose - This paper argues that the recent rise in China Dutch trade is a typical example of two nations trading tasks rather than goods. Design/methodology/approach - China Dutch trade growth between 1996 and 2010 is compared with China’s trade growth with its main partners. In addition, the

  20. The Hubble Constant to 1%: Physics beyond LambdaCDM

    Science.gov (United States)

    Riess, Adam

    2017-08-01

    By steadily advancing the precision and accuracy of the Hubble constant, we now see 3.4-sigma evidence for a deviation from the standard LambdaCDM model and thus the exciting chance of discovering new fundamental physics such as exotic dark energy, a new relativistic particle, dark matter interactions, or a small curvature, to name a few possibilities. We propose a coordinated program to accomplish three goals with one set of observations: (1) improve the precision of the best route to H_0 with HST observations of Cepheids in the hosts of 11 SNe Ia, lowering the uncertainty to 1.3% to reach the discovery threshold of 5-sigma and begin resolving the underlying source of the deviation; (2) continue testing the quality of Cepheid distances, so far the most accurate and reliable indicators in the near Universe, using the tip of the red giant branch (TRGB); and (3) use oxygen-rich Miras to confirm the present tension with the CMB and establish a future route available to JWST. We can achieve all three goals with one dataset and take the penultimate step to reach 1% precision in H_0 after Gaia. With its long-pass filter and NIR capability, we can collect these data with WFC3 many times faster than previously possible while overcoming the extinction and metallicity effects that challenged the first generation of H_0 measurements. Our results will complement the leverage available at high redshift from other cosmological tools such as BAO, the CMB, and SNe Ia, and will provide a 40% improvement on the WFIRST measurements of dark energy. Reaching this precision will be a fitting legacy for the telescope charged to resolve decades of uncertainty regarding the Hubble constant.

  1. International Trade and Protectionism.

    Science.gov (United States)

    Stanford Univ., CA. Stanford Program on International and Cross Cultural Education.

    This unit is designed to investigate the reasons for international trade and the issue of trade protectionism by focusing on the case study of the U.S. trade relationship with Taiwan. The unit begins with a simulation that highlights the concepts of global interdependence, the need for international trade, and the distribution of the world's…

  2. Racial Trade Barriers?

    DEFF Research Database (Denmark)

    Bjerre, Jacob Halvas

    . This paper analyzes the racial policies pursued in the foreign trade and argues that we need to recognize Aryanization as a world-wide policy in order to fully understand its character and possible consequences. I focus on the pre-war period and analyze the case of Denmark from three different perspectives......: perpetrators, victims and bystanders. The analysis will show that race, economy and foreign trade were combined in an attempt to raise racial trade barriers. This forced the question of German racial policies on the Danish government, Danish-Jewish businesses, and German companies involved in foreign trade...

  3. Emissions Trading

    NARCIS (Netherlands)

    Woerdman, Edwin; Backhaus, Juergen

    2014-01-01

    Emissions trading is a market-based instrument to achieve environmental targets in a cost-effective way by allowing legal entities to buy and sell emission rights. The current international dissemination and intended linking of emissions trading schemes underlines the growing relevance of this

  4. Greenhouse gas emissions trading: Cogen case studies in the early trading market

    International Nuclear Information System (INIS)

    Buerer, Mary Jean

    2001-01-01

    An increasing number of companies are interested in opportunities to trade their reduction in greenhouse gas emissions from cogeneration on the emerging greenhouse gas emissions market. Only the UK and Denmark currently have emissions trading schemes, but they are under development in other European countries. Two frameworks currently exist for trading. Baseline-and-credit trading is used in Canada where companies can take part in two voluntary schemes (Greenhouse Gas Emission Reduction Trading Pilot or Clean Air Canada Inc). An example project from the CHP unit at DuPont's Maitland chemical production facility is given, with details of the baselines and calculations used. The other option is company-wide emissions trading. The example given here features the CHP units at BP's refinery and chemicals operations in Texas. The potential revenue from emission reduction projects could help to boost the economics of cogeneration projects

  5. How fair is fair trade?

    NARCIS (Netherlands)

    Maseland, Robbert; Vaal, Albert de

    2001-01-01

    This paper investigates to what extent fair trade programmes, are indeed ‘fair’. This is accomplished by comparing fair trade with free trade and protectionist trade regimes on their compliance of the criteria set by the fair trade movement itself. This comparison is made using comparative cost

  6. Agricultural Trade Barriers 10 years later Uruguay Round Trade Agreement Signature

    OpenAIRE

    Mahia, R.; Arce, Rafael de; Escribano, Gonzalo

    2005-01-01

    In this paper, an analysis of current state of agricultural trade barriers is carried out alter ten years of Uruguay Round Agricultural Trade Agreement Signature The descriptive analysis showed that small advances in trade barriers removing have been taken out. About the heterogeneity in tariff applications, tariff progresivity and peak tariffs, the same situation is pointed out.

  7. Does AFTA Create More Trade for Thailand? An Investigation of Some Key Trade Indicators

    Directory of Open Access Journals (Sweden)

    Piriya Pholphirul

    2010-04-01

    Full Text Available This paper examines whether the ASEAN Free Trade Agreement (AFTA creates trade for Thailand or actually diverts it away from the country. It does this by analyzing various trade indicators: the Export Similarity Index, the Intra-Industry Trade Index, and Revealed Comparative Advantage (RCA rank correlation. By examining the patterns of trade between Thailand and other members of ASEAN, it reveals a high degree of similarity regarding the trade structure between Thailand and AFTA, which indicates that there will be fewer trade-creation benefits from AFTA and a greater likelihood of trade diversion once the AFTA scheme has been fully implemented. This similarity pattern explains the reasons for future collaboration among member countries and supportive arguments for the future extension of ASEAN ("ASEAN+". Market-penetration and development strategies should be employed by Thai exporters when accessing the ASEAN market.

  8. Quantifying immediate price impact of trades based on the k-shell decomposition of stock trading networks

    Science.gov (United States)

    Xie, Wen-Jie; Li, Ming-Xia; Xu, Hai-Chuan; Chen, Wei; Zhou, Wei-Xing; Stanley, H. Eugene

    2016-10-01

    Traders in a stock market exchange stock shares and form a stock trading network. Trades at different positions of the stock trading network may contain different information. We construct stock trading networks based on the limit order book data and classify traders into k classes using the k-shell decomposition method. We investigate the influences of trading behaviors on the price impact by comparing a closed national market (A-shares) with an international market (B-shares), individuals and institutions, partially filled and filled trades, buyer-initiated and seller-initiated trades, and trades at different positions of a trading network. Institutional traders professionally use some trading strategies to reduce the price impact and individuals at the same positions in the trading network have a higher price impact than institutions. We also find that trades in the core have higher price impacts than those in the peripheral shell.

  9. Protectionism, free trade and preferential trade: the Mexican experience 1970-2005

    Directory of Open Access Journals (Sweden)

    2007-03-01

    Full Text Available This paper is a theoretical and applied analysis of free trade policies and protectionism. First, the evolution of free trade theories, vis-à-vis protectionist ideas, is described, starting from the classical economists, their assumptions and implications for attaining welfare Pareto optimality, full employment and growth. Secondly, a structural analysis of the Mexican economy’s performance in three successive but different periods, regarding trade policies for the last thirty-five years is presented. I conclude that extreme free-trade policies have not been good for economic stability, growth and employment creation in Mexico.

  10. International trade and employment: trade partner country effects on jobs and wages

    NARCIS (Netherlands)

    Fortanier, F.N.; Jaarsma, M.; Korvorst, M.

    2011-01-01

    Recent academic research has consistently identified trading firms - both exporters and importers - to be larger, and to pay higher wages than their non-trading counterparts. However, not all trade is equal: imports from low-wage countries may destroy employment, particularly among low-skilled

  11. 40 CFR 90.206 - Trading.

    Science.gov (United States)

    2010-07-01

    ... 40 Protection of Environment 20 2010-07-01 2010-07-01 false Trading. 90.206 Section 90.206... Trading Provisions § 90.206 Trading. (a) An engine manufacturer may exchange emission credits with other engine manufacturers in trading, subject to the trading restriction specified in § 90.207(c)(2). (b...

  12. International trade. Multinational aspects.

    Science.gov (United States)

    Ozawa, Y

    2000-01-01

    Of numerous regional economic agreements, the European Union (EU), the North American Free Trade Agreement (NAFTA), South American Common Market (MERCOSUR), the Association of Southeast Asian Nations (ASEAN), the South Asian Association for Regional Cooperation (SAARC) and the Australia-New Zealand Closer Economic Relations Agreement are examples that are actively pursuing regional integration for freer trade of animals and animal products. The World Trade Organization (WTO) believes that regional and multinational integration initiatives are complements rather than alternatives in the pursuit of more open trade. In the efforts to harmonize SPS standards among multilateral trading nations, it is recommended that national requirements meet the standards developed by the OIE and the FAO/WHO Codex Alimentarius Commission as the minimum requirements rather than adopting the standards of the lowest common denominator. Regional grouping may hinder multilateral or bilateral trade between the countries of a group and those of the other groups. How to eliminate such non-tariff barriers as traditional trade custom remains to be examined. Ongoing activities of VICH (Harmonisation of Technical Requirements for Registration of Veterinary Medical Products) may pave the way for more open trade in pharmaceutical products between multilateral regional groups.

  13. Trade in health services.

    Science.gov (United States)

    Chanda, Rupa

    2002-01-01

    In light of the increasing globalization of the health sector, this article examines ways in which health services can be traded, using the mode-wise characterization of trade defined in the General Agreement on Trade in Services. The trade modes include cross- border delivery of health services via physical and electronic means, and cross-border movement of consumers, professionals, and capital. An examination of the positive and negative implications of trade in health services for equity, efficiency, quality, and access to health care indicates that health services trade has brought mixed benefits and that there is a clear role for policy measures to mitigate the adverse consequences and facilitate the gains. Some policy measures and priority areas for action are outlined, including steps to address the "brain drain"; increasing investment in the health sector and prioritizing this investment better; and promoting linkages between private and public health care services to ensure equity. Data collection, measures, and studies on health services trade all need to be improved, to assess better the magnitude and potential implications of this trade. In this context, the potential costs and benefits of trade in health services are shaped by the underlying structural conditions and existing regulatory, policy, and infrastructure in the health sector. Thus, appropriate policies and safeguard measures are required to take advantage of globalization in health services. PMID:11953795

  14. Organ Trade

    NARCIS (Netherlands)

    J.A.E. Ambagtsheer (Frederike)

    2017-01-01

    markdownabstractOrgan trade constitutes the sale and purchase of organs for financial or material gain. Although prohibited since the 1980s, an increasing number of reports indicate its proliferation across the globe. Yet, many knowledge gaps exist on organ trade, in particular on the demand -and

  15. Revenue, welfare and trade effects of European Union Free Trade Agreement on South Africa

    Directory of Open Access Journals (Sweden)

    Kore M.A. Guei

    2017-10-01

    Full Text Available Background: Using the partial equilibrium WITS-SMART Simulation model to assess the impact of liberalisation under the Trade Development and Cooperation Agreement (TDCA of a free trade area between the European Union and South Africa. The identification of the impact of such agreement allows for trade policy negotiation adjustment that can be beneficial for South Africa. Aim: The aim of the study is to estimate and discuss the impact of a Free Trade Agreement (FTA with the European Union and South Africa. More specifically, the study intends to estimate the impact of revenue, welfare, imports, exports, trade creation and to come up with policies options for South Africa that can be used in negotiations and policy formulations. Setting: The study used international trade data (2012 available in the WITS-SMART model to assess bilateral trade agreement between the European Union and South Africa. Methods: To identify the impact on revenue, welfare, imports, exports and trade creation, the study simulated an FTA (0% tariff rate for all goods exchanged between the European Union and South Africa. Also, the elasticity of substitution used for the simulation model was 99%. Results: The findings of the study reveal that total trade effects in South Africa are likely to surge by US$ 1.036 billion with a total welfare valued at US$ 134 million. Dismantling tariffs on all European Union (EU goods would be beneficial to consumers through net trade creation. Total trade creation would be US$ 782 million. However, South African producers are likely to contribute a trade diversion of US$ 254 million which has a negative impact on consumer welfare. The country might also experience a revenue loss amounting to US$ 562 million because of the removal of tariffs. In trade, the country’s exports and imports to the EU are expected to increase by US$ 12.419 million and US$ 1.266 million, respectively. Conclusion: The European Union–South Africa FTA would

  16. Preferential Trade Arrangements and the Pattern of Production and Trade when Inputs are Differentiated

    NARCIS (Netherlands)

    J.F. François (Joseph)

    2005-01-01

    textabstractThis paper is concerned with rules of origin when intermediate goods are differentiated. An analytical model emphasizes trade patterns and the relative importance of trade in intermediates given trade preferences. Econometric evidence based on intra-OECD trade in motor vehicles and motor

  17. Biological trade and markets.

    Science.gov (United States)

    Hammerstein, Peter; Noë, Ronald

    2016-02-05

    Cooperation between organisms can often be understood, like trade between merchants, as a mutually beneficial exchange of services, resources or other 'commodities'. Mutual benefits alone, however, are not sufficient to explain the evolution of trade-based cooperation. First, organisms may reject a particular trade if another partner offers a better deal. Second, while human trade often entails binding contracts, non-human trade requires unwritten 'terms of contract' that 'self-stabilize' trade and prevent cheating even if all traders strive to maximize fitness. Whenever trading partners can be chosen, market-like situations arise in nature that biologists studying cooperation need to account for. The mere possibility of exerting partner choice stabilizes many forms of otherwise cheatable trade, induces competition, facilitates the evolution of specialization and often leads to intricate forms of cooperation. We discuss selected examples to illustrate these general points and review basic conceptual approaches that are important in the theory of biological trade and markets. Comparing these approaches with theory in economics, it turns out that conventional models-often called 'Walrasian' markets-are of limited relevance to biology. In contrast, early approaches to trade and markets, as found in the works of Ricardo and Cournot, contain elements of thought that have inspired useful models in biology. For example, the concept of comparative advantage has biological applications in trade, signalling and ecological competition. We also see convergence between post-Walrasian economics and biological markets. For example, both economists and biologists are studying 'principal-agent' problems with principals offering jobs to agents without being sure that the agents will do a proper job. Finally, we show that mating markets have many peculiarities not shared with conventional economic markets. Ideas from economics are useful for biologists studying cooperation but need

  18. Managing the trade-public health linkage in defence of trade ...

    African Journals Online (AJOL)

    Managing the trade-public health linkage in defence of trade liberalisation and ... of United States-measures affecting the production and sale of clove cigarettes. ... Potchefstroom Electronic Law Journal/Potchefstroomse Elektroniese Regsblad.

  19. Is the Classification of International Trade in Horizontal and Vertical Intra-Industry Trade Usable?

    DEFF Research Database (Denmark)

    Nielsen, Jørgen Ulff-Møller; Lüthje, Teit

    2001-01-01

    with vertical intra-industry trade (between Germany and France) making up 50-60%. The high level of vertical intra-industry trade probably covers up many products shifting between e.g. vertical and horizontal intra-industry. The statement from the literature that the European integration process involves heavy......Abstract On the basis of OECD trade statistics at SITC 5 digit level for the period 1961-1999 we show the classification of international trade in (a) inter-industry trade and (b) horizontal intra-industry and (c) vertical intra-industry trade used in the empirical trade literature to be non stable...... at the individual product level. This indicates that this type of statistical classification based on unit-values is probably not very useful. On the other hand, we also show in accordance with the literature that the aggregate distribution of trade into the three categories apparently is rather stable...

  20. The future of coal trading. Part 1: obstacles to coal trading

    International Nuclear Information System (INIS)

    Schafer, W.; Vaninetti, J.

    1998-01-01

    'Trading' as used in this article means routine buying and selling of futures contracts or options and other derivatives of future contracts. The variable nature of coal, lack of liquidity, and the coal industry's understanding and acceptance of commodity trading concepts are identified as three major barriers to successful trading of a coal futures contract. The article discusses these obstacles