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1.
After the US withdrawal from the Kyoto Protocol and the extension of national quotas in the Bonn and Marrakesh agreements, meagre environmental effects and a low price of emission permits are likely to be the outcome of implementation. This paper attempts to analyze this scenario, mainly in relation to the Russian case. I discuss on the basis of certain key assumptions the strategic options open to the supply side of the permit market and Russia’s potentially incompatible interests as a producer of oil and gas on the one hand and a dominating seller of emission permits under the Kyoto Protocol on the other. The analysis shows that Russian oil and gas interests are likely to boost Russia’s inclination to sell permits, ultimately resulting in lower permit prices.  相似文献   

2.
Abstract

Since the World Climate Change Conference held in the autumn of 2003 in Moscow, Russian Federation, the fate of international climate policy architecture designed around the Kyoto Protocol hangs in the balance. After the withdrawal of the USA from the Kyoto Protocol, the condition of its ratification cannot be met without the Russian Federation. There has been a considerable uncertainty as to Russia's intentions regarding ratification of Kyoto. In this contribution, an attempt is made to identify the Russian motives and concerns, and explain their attitudes regarding the Kyoto Protocol. Pressures against and for ratification are discussed. Finally, a few comments are made about the future of the efforts to solve the global environmental problem of protecting the Earth's climate.  相似文献   

3.
Abstract

This article investigates future greenhouse gas emission scenarios for Russia's electricity sector, a topic of importance since Russia's ratification of the Kyoto Protocol in November 2004. Eleven scenarios are constructed to the year 2020 considering economic and technological details in both the demand and supply sides of the sector. The scenarios are based upon a thorough review of the different factors controlling carbon dioxide emissions, including potential economic growth, changes in energy efficiency and technological development, and that Russia may export large amounts of natural gas to European and Asian markets. The most likely scenario is that Russia will double industrial output over the next 10 years, increase energy efficiency in the demand sector, will remain consistent to the goals of the Energy Strategy 2020 and will implement more efficient technology in the electricity supply sector. Consequently, carbon dioxide emissions will still be 102 million tonnes below 1990 levels in 2010, representing a significant source for emission reduction credits available to be sold on international markets or transferred to the next crediting period.  相似文献   

4.
《Climate Policy》2013,13(4):273-292
Abstract

The US decision not to ratify the Kyoto Protocol and the recent outcomes of the Bonn and Marrakech Conferences of the Parties have important implications for both the effectiveness and the efficiency of future climate policies. Among these implications, those related with technical change and with the functioning of the international market for carbon emissions are particularly relevant, because these variables have the largest impact on the overall abatement cost to be borne by Annex B countries in the short and in the long run. This paper analyses the consequences of the US decision to withdraw from the Kyoto/Bonn Protocol both on technological innovation and on the price of emission permits (and, as a consequence, on abatement costs). In particular, the analysis highlights mechanisms and feedbacks related to technological innovation, technological spillovers and R&D which could be relevant and which modify some policy relevant conclusions. First, we identify two feedback effects which explain why our results lead to a less significant fall in the price of permits than in most empirical analyses recently circulated. We show that the US defection from the Kyoto Protocol, by inducing a decline in the demand and price of emission permits, lowers the incentives to undertake energy-saving R&D. As a consequence, emissions increase and feed back on the demand and supply of permits, thus implying a lower decline in the price of permits than previously estimated. At the same time, as a result of the reduced R&D investments and the augmented emissions, climate change damages intensify and require an increase in investments that are again coupled with a growth of emissions. By thus again increasing the demand for permits and reducing their supply, this effect enhances the previous mechanism. Notwithstanding the lower decline in the price of permits, the paper still identifies a smaller price than would occur with a US participation. Therefore, we emphasise in a second step the crucial role of Russia in climate negotiations due to a large increase in Russia's bargaining power.  相似文献   

5.
Abstract

In the long term, the Kyoto Protocol will be insufficient to stabilize the greenhouse gas (GHG) concentrations in the atmosphere; quantified commitments will also be essential for major developing countries (and the US). International cooperation mechanisms, such as permit trading systems, can help achieve global economic efficiency. However, the initial allocation of emission permits raises many debates on equity. The main objective is to propose a decision aid tool for decision makers, which is capable of providing relevant information on various equitable permit allocation schemes and burden sharing. A dynamic multicriteria model is proposed to share the global quantity of permits among 15 regions, taking into account multiple definitions of equity and regional interests. The World-MARKAL energy model is used to compute the gross reduction cost (before permit exchanges) for each region. Afterward, it is possible to calculate their net reduction costs (after permit exchanges) according to different allocation schemes. A realistic simulation of the tool provides examples of results, i.e. ranges of permit allocations and net costs for each region. Finally, some recommendations are proposed to policy makers to design a decision process adapted to the global context of negotiations.  相似文献   

6.
This article provides an overview of the recent modelling results on Russia's GHG emission trends, and reviews the success of mitigation policies in order to establish whether Russia's domestic target seems feasible. Various Russian GHG emission scenarios indicate that Russia's domestic target – emissions 25% below the 1990 level by 2020 – is not far from the business-as-usual emissions trajectory. In particular, two factors could deliver the required emissions reductions: the currently declining gross domestic product (GDP) growth and ongoing domestic mitigation policies. The former is more likely to secure the target level of emissions, because GDP growth has been contracting significantly in comparison to earlier forecasts of 3–5% annual growth, and this trend is expected to continue. The latter option – success with domestic mitigation measures – seems less likely, given the various meta-barriers to policy implementation, and the marginality of mitigation policies, problems with law-making processes, bureaucratic tradition, and informality of legislative and implementation systems.

Policy relevance

This article provides an assessment of the stringency of Russia's domestically set emissions limitation target by 2020 and the chances of Russia, the fourth largest GHG emitter in the world, achieving it. We base our assessment on a number of recent key sources that analyse Russia's GHG emission paths by applying socio-economic models, which have only been available in the Russian language prior to this publication. This knowledge is applicable for use by other negotiation parties to compare Russia's efforts to mitigate climate change to their own, and thus makes a contribution to facilitating a more equal burden-sharing of climate commitments under the future climate change agreement.  相似文献   

7.
Abstract

Further ratification of the Kyoto Protocol by non-Annex 1 countries such as the State of Qatar will not affect the entrance into force of the Treaty; however, ratification remains an important decision due to other considerations, primarily the economic costs and benefits associated with ratification. As a member of the Organization of Petroleum Exporting Countries (OPEC), Qatar's economic position is closely allied with revenue generated from its oil and natural gas resources. Qatar expects adverse impacts from implementing the Kyoto Protocol, though the estimated magnitude varies enormously with different models. Also, the impacts depend significantly on how the implementation is done; for example, the kind of policies that other countries use. Qatar is able to counter adverse impacts by exploiting its greater share of natural gas and developing energy-intensive industries that produce nonenergy goods such as steel, petrochemicals, and chemicals. Furthermore, it is clear that clauses in the Protocol can be developed to protect OPEC interests, and if Qatar does not ratify the Protocol, it will be excluded from the subsequent rule-making processes. On balance, there are benefits to ratifying the Treaty, and there is also a strong need for extensive further research.  相似文献   

8.
The impacts of military activities in peacetime, military action and territorial changes on greenhouse gas emission commitments of nations under the Kyoto Protocol are analysed. We propose rules and institutional responsibilities to deal with the repercussions of such changes on markets in emission permits and national commitments aiming at prevention of serious distortions.  相似文献   

9.
This article presents an analytical framework for analyzing Clean Development Mechanism (CDM) projects in terms of their contribution to employment generation, equal distribution of CDM returns, and improvement of local air quality. It assesses 16 officially registered CDM projects with regard to whether they fulfill the two objectives required by the Kyoto Protocol: greenhouse gas emission reductions and contribution to sustainable development in the host country. While a large part (72%) of the total portfolio’s expected Certified Emission Reductions (CERs) are likely to represent real and measurable emission reductions, less than 1% are likely to contribute significantly to sustainable development in the host country. According to our analysis, there are currently no UNFCCC registered CDM projects that are likely to fulfill the Kyoto Protocol’s twofold objective of simultaneously delivering greenhouse gas (GHG) emission reduction and contributing to sustainable development.  相似文献   

10.
《Climate Policy》2002,2(1):111-117
This article evaluates the environmental effectiveness and economic efficiency of the Kyoto Protocol after the Bonn Agreement and the Marrakesh Accords. The US withdrawal has by far the greatest impact in reducing the environmental effectiveness, lowering the price of traded emission permits and reducing Annex I abatement costs. The decisions on sinks imply that the Annex I CO2-equivalent emissions without the US will come out at about 1/2% below base-year level, instead of over 4% below base-year level. Without US participation, the emission permit price is estimated to be low. Therefore, banking hot air by Russia and the Ukraine is of absolute importance for the development of a viable emissions trading market, and would also enhance the environmental effectiveness of the Kyoto Protocol.  相似文献   

11.
《Climate Policy》2013,13(1):111-117
Abstract

This article evaluates the environmental effectiveness and economic efficiency of the Kyoto Protocol after the Bonn Agreement and the Marrakesh Accords. The US withdrawal has by far the greatest impact in reducing the environmental effectiveness, lowering the price of traded emission permits and reducing Annex I abatement costs. The decisions on sinks imply that the Annex I CO2-equivalent emissions without the US will come out at about 1/2% below base-year level, instead of over 4% below base-year level. Without US participation, the emission permit price is estimated to be low. Therefore, banking hot air by Russia and the Ukraine is of absolute importance for the development of a viable emissions trading market, and would also enhance the environmental effectiveness of the Kyoto Protocol.  相似文献   

12.
《Climate Policy》2002,2(4):273-292
The US decision not to ratify the Kyoto Protocol and the recent outcomes of the Bonn and Marrakech Conferences of the Parties have important implications for both the effectiveness and the efficiency of future climate policies. Among these implications, those related with technical change and with the functioning of the international market for carbon emissions are particularly relevant, because these variables have the largest impact on the overall abatement cost to be borne by Annex B countries in the short and in the long run. This paper analyses the consequences of the US decision to withdraw from the Kyoto/Bonn Protocol both on technological innovation and on the price of emission permits (and, as a consequence, on abatement costs). In particular, the analysis highlights mechanisms and feedbacks related to technological innovation, technological spillovers and R&D which could be relevant and which modify some policy relevant conclusions. First, we identify two feedback effects which explain why our results lead to a less significant fall in the price of permits than in most empirical analyses recently circulated. We show that the US defection from the Kyoto Protocol, by inducing a decline in the demand and price of emission permits, lowers the incentives to undertake energy-saving R&D. As a consequence, emissions increase and feed back on the demand and supply of permits, thus implying a lower decline in the price of permits than previously estimated. At the same time, as a result of the reduced R&D investments and the augmented emissions, climate change damages intensify and require an increase in investments that are again coupled with a growth of emissions. By thus again increasing the demand for permits and reducing their supply, this effect enhances the previous mechanism. Notwithstanding the lower decline in the price of permits, the paper still identifies a smaller price than would occur with a US participation. Therefore, we emphasise in a second step the crucial role of Russia in climate negotiations due to a large increase in Russia’s bargaining power.  相似文献   

13.
《Climate Policy》2013,13(2-3):179-196
Abstract

The agreement on implementation of the Kyoto Protocol achieved at COP7 in Marrakech has important implications for investment in greenhouse gas emission reduction projects in developing countries through the Clean Development Mechanism (CDM). The required actual emission reductions for participating Annex B countries overall will be relatively small, as the United States do not intend to ratify the protocol and significant amounts of carbon sequestered in domestic sinks can be credited. In addition, the potential supply of surplus emission permits (hot air) from Russia and other economies in transition may be as high as total demand in the first commitment period. Thus, even under restraint of hot air sellers, CDM demand will be limited, and a low demand, low price carbon market scenario appears likely.

The magnitude of the CDM will be influenced by a host of factors both on the demand and the supply-side. We analyse these using a quantitative model of the global carbon market, based on marginal abatement cost curves. Implementation and transaction costs, as well as baseline and additionality rules affect the CDM's share in the carbon market. Demand for the CDM is sensitive to changes in business-as-usual emissions growth in participating Annex B countries, and also to crediting for additional sinks. Permit supply from Russia and other economies in transition is possibly the most crucial factor in the carbon market.  相似文献   

14.
Russian Kyoto related interests are economic and after the US withdrawal the mission of Russian actors has been to find new demand for Russian credits and allowances. Kyoto related benefits to Russia will be significantly smaller than earlier expected, however, the revenues are now more likely to be focused on climate change mitigation purposes. Competition in the Kyoto market has established buyers’ market and Russia has to accommodate the interests of investors in order to gain benefits. The Russian initiative ‘Green Investment Scheme’ to recycle revenues from International Emissions Trading (IET) to further environmental activities would convene demand for Russian AAUs but experience the same problems than the previous initiatives: inadequate institutional arrangement, unclear division of responsibilities between domestic actors, prolonged ratification process and lack of eligibility strategy. These problems have prevented implementation of GIS so far. Therefore, these problems have to be addressed by high-level Russian policy-makers if serious benefits from Kyoto are sought. Actors building alliances with Russia should focus on assisting with solving these problems.  相似文献   

15.
The main incentives for Russia's and Ukraine's participation in the first commitment period of the Kyoto Protocol were its mechanisms. The opportunities that the anticipated post-2012 mechanisms will offer Russia and Ukraine are explored in light of the lessons from Joint Implementation (JI) and the Green Investment Scheme (GIS) during this first period. Four key factors that explain the success of these mechanisms are identified: the design of the mechanisms, the role of the private sector in their implementation, the coordination required, and the political will gained. Even though a weak rule of law, problems with policy implementation, and the ambiguous role of private-sector actors are not ‘make or break’ issues, they are likely to defer future mechanisms. Success and failure will, rather, hinge on the priority these factors are accorded by the top leadership. It is likely that simple mechanisms that only involve a few actors will be less complicated to set up and run than, for instance, emissions trading schemes (which require domestic burden sharing). Project-based options in which domestic actors have gained experience may be better suited. However, any lessons prior to the new mechanisms taking a clearer shape must be considered as preliminary.

Policy relevance

The Kyoto Protocol mechanisms, despite their problems, provided Russia and Ukraine with their main incentives for participation in the Protocol's first commitment period. As the chances that these countries will participate in the second commitment period seem slim, the opportunities that the anticipated post-2012 mechanisms will offer Russia and Ukraine are explored in light of the lessons from JI and GIS. The key factors that have determined the success and failure of these mechanisms are likely to be of relevance to future mechanisms. It is argued that – of the post-2012 options available – simple mechanisms with few actors involved should be chosen. Project-based options rather than emissions trading schemes may be more likely to succeed due to experience gained by domestic actors.  相似文献   

16.
《Climate Policy》2013,13(1):67-76
Abstract

Russian Kyoto related interests are economic and after the US withdrawal the mission of Russian actors has been to find new demand for Russian credits and allowances. Kyoto related benefits to Russia will be significantly smaller than earlier expected, however, the revenues are now more likely to be focused on climate change mitigation purposes. Competition in the Kyoto market has established buyers’ market and Russia has to accommodate the interests of investors in order to gain benefits. The Russian initiative ‘Green Investment Scheme’ to recycle revenues from International Emissions Trading (IET) to further environmental activities would convene demand for Russian AAUs but experience the same problems than the previous initiatives: inadequate institutional arrangement, unclear division of responsibilities between domestic actors, prolonged ratification process and lack of eligibility strategy. These problems have prevented implementation of GIS so far. Therefore, these problems have to be addressed by high-level Russian policy-makers if serious benefits from Kyoto are sought. Actors building alliances with Russia should focus on assisting with solving these problems.  相似文献   

17.
Our study is a preparatory exercise. We focus on the analysis of uncertainty in greenhouse gas emission inventories. Inventory uncertainty is monitored, but not regulated, under the Kyoto Protocol to the United Nations Framework Convention on Climate Change. Under the Convention, countries publish annual or periodic national inventories of greenhouse gas emissions and removals. Policymakers use these inventories to develop strategies and policies for emission reductions and to track the progress of these policies. However, greenhouse gas inventories contain uncertainty for a variety of reasons, and these uncertainties have important scientific and policy implications. For most countries, the emission changes agreed under the Protocol are of the same order of magnitude as the uncertainty that underlies their combined (carbon dioxide equivalent) emissions estimates. Here we apply and compare six available techniques to analyze the uncertainty in the emission changes that countries agreed to realize by the end of the Protocol’s first commitment period 2008–2012. Any such technique, if implemented, could “make or break” claims of compliance, especially in cases where countries claim fulfillment of their commitments to reduce or limit emissions. The techniques all perform differently and can thus have a different impact on the design and execution of emission control policies. A thorough comparison of the techniques has not yet been made but is needed when expanding the discussion on how to go about dealing with uncertainty under the Kyoto Protocol and its successor.  相似文献   

18.
Abstract

In this article we propose a careful analysis of the economic consequences of the Kyoto Protocol for Russia, taking into account the most recently available data and the latest developments in the trends regarding Russian economic recovery. We present a review of different GHG forecasts for Russia and develop a new forecast for uncertain GDP growth and changing elasticity of GHG emission per GDP. Since the rate of growth remains uncertain, elasticity could change over time, as well as the fuel mix. We apply the Monte-Carlo method to simulate these uncertainties and to produce a reasonable interval for CO2 emissions in 2010. The probability of Russia exceeding its Kyoto emissions budget is essentially zero. Further, we discuss the benefits for Russia from the Kyoto Protocol, and more generally from implementation of GHG mitigation policy. Ancillary benefits from Kyoto Protocol implementation will bring essential reductions in risk to human health. On the other hand, potential negative changes in the fuel mix and GDP structure, as well as a slowing of the innovation process, could exacerbate existing health problems. Alternatives to the Kyoto Protocol may bring much tougher commitments to Russia. We conclude that the Kyoto Protocol is the best possible deal for Russia. Therefore, Russia most will ratify it.  相似文献   

19.
《Climate Policy》2013,13(2-3):231-239
Abstract

Articles 4.8 and 4.9 of the United Nations Framework Convention on Climate Change (UNFCCC) and Article 3.14 of its Kyoto Protocol require parties to take measures to minimise the adverse effects of climate change on developing and least developed countries (LDCs). The Alliance of Small Island States (AOSIS) argue that this should mean assistance for capacity building to help them adapt to a changing climate. Articles 4.8 and 3.14 also require parties to take measures to minimise the impacts of emission reduction measures on energy exporting countries. The Organisation of Petroleum Exporting Countries (OPEC) countries argue that this should mean assistance to compensate for lost oil revenues. This paper explores the dimensions of the adverse effects/impacts issue. It explains how, in arguing that progress on Articles 4.8, 4.9 and 3.14 be equal to progress on the issue of assistance to compensate for lost oil revenues, OPEC countries obstruct progress on assistance to developing and LDCs for adaptation to climate change. This suggests that tacit G77/China support for OPEC's position may ultimately not be in their best interests. The paper discusses the outlook for the adverse effects/impacts of response measures issue.  相似文献   

20.
A. Bun  K. Hamal  M. Jonas  M. Lesiv 《Climatic change》2010,103(1-2):215-225
The focus of this study is on the preparatory detection of uncertain greenhouse gas (GHG) emission changes (also termed emission signals) under the Kyoto Protocol. Preparatory signal detection is a measure that should be taken prior to/during negotiation of the Protocol. It allows the ranking of countries under the Protocol according to their realized versus their agreed emission changes and in terms of both certainty and credibility. Controlling GHGs is affected by uncertainty and may be costly. Thus, knowing whether each nation is doing its part is in the public interest. At present, however, countries to the United Nations Framework Convention on Climate Change (UNFCCC) are obliged to include in the reporting of their annual inventories direct or alternative estimates of the uncertainty associated with these, consistent with the Intergovernmental Panel on Climate Change’s (IPCC) good practice guidance reports. As a consequence, inventory uncertainty is monitored, but not regulated, under the Kyoto Protocol. Although uncertainties are becoming increasingly available, monitored emissions and uncertainties are still dealt with separately. In our study we analyze estimates of both emission changes and uncertainties to advance the evaluation of countries and their performance under the Protocol. Our analysis allows supply and demand of emissions credits to be examined in consideration of uncertainty. For the purpose of our exercise, we make use of the Undershooting and Verification Time concept described by Jonas et al. (Clim Change doi:10.1007/s10584-010-9914-6, 2010).  相似文献   

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