No.155 Seminar ： Promising Climate Policy Instrument or Just the Devil in Disguise
- Sven Rudolph
- 2018/11/06 4:30pm
- The Hakubi Center for Advanced Research (Research Administration Building 1F)
- English(This seminar is open for students and researchers at Kyoto Univ.)
Summary
“Without doubt, anthropogenic global warming is one of the major threats to humankind with yet unconceivable consequences for ecosystems. While the Paris Agreement can certainly be considered a diplomatic success, it urgently needs to be underpinned by ambitious policies in order to achieve its major target of “ holding the increase in the global average temperature to well below 2°C”. Current national proposals, however, fall significantly short of this goal. As one flexibility option, the Paris Agreement explicitly allows the use of “internationally transferred mitigation outcomes” (ITMO), or, in economic terms, the trading of emission rights. Emissions trading has almost unanimously been supported by economists on the grounds of environmental effectiveness and economic efficiency. But how exactly does this instrument work? What are its advantages over other climate policy instruments? And what is the current status quo of implementation and resulting effects across the world? The talk provides an overview of the theory and practice of carbon markets and identifies research questions and methodologies for the new Hakubi project.”