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Linking Emissions Trading Schemes

Linking Emissions Trading Schemes

A traditionally jurisprudential perspective on linking emissions trading systems is provided in this book chapter by Michael Mehling. He provides a conceptual framework for the distinction of legal and political criteria for the feasibility of carbon market linkages. Legal considerations, he argues, arise during the process of establishing the link, which necessitates recourse to recognized sources of law and legal procedures; and, second, in the event of a conflict between the link as such with substantive legal norms and principles, whether these originate in international, regional or domestic law.

Beyond providing a taxonomy of different forms of linking and their legal implementation, be it a binding international agreement or a less formal political arrangement accompanied by domestic legislation, the chapter also identifies institutional options and normative criteria for the governance of the link. It concludes with case studies identifying relevant legal provisions in the United States and the European Union.

The book can be purchased from the publisher’s website at a price of 180 US$.
 


Citation

Mehling, Michael 2009: "Linking Emissions Trading Schemes", in: David Freestone and Charlotte Streck (eds.): Legal Aspects of Carbon Trading - Kyoto, Copenhagen and Beyond. Oxford: Oxford University Press, 108-133.

Language
English
Publisher
Year
2009
ISBN
9780199565931, 0199565937
Dimension
26 pp.
Table of Contents

I. Introduction
1. UNFCCC/Kyoto regimes/growth of carbon trading/sequestration/Bali road map and post-Kyoto negotiation, David Freestone
II. General Issues
2. Legal ownership and nature of allowances and carbon rights, Thiago Chagas, Charlotte Streck, Matthieu Wemaere
3. Accounting for Emission Reductions: From Costless Activity to Market Operations, Allan Cook
4. Trade and Investment Implications of Carbon Trading for Sustainable Development, Markus Gehring, Marie-Claire Cordonnier Segger
5. Institutional requirements to implement ET: registries, Maria Netto, Kai-Uwe Schmidt
6. Linking of Emissions Trading Schemes, Michael Mehling
7. Private Actors in International and Domestic Emissions Trading Schemes, Jolene Lin
II. The Kyoto Protocol Mechanisms
8. International Emissions Trading and Green Investment Schemes, Rutger de Witt Wijnen, Sander Simonetti
9. Trying to catch up with the Executive Board - the challenge of CDM rule interpretation by project developers, Matthias Krey, Heike Santen, Daisuke Hayashi
10. Interpreting additionality of CDM projects: Changes in additionality definitions and regulatory practices over time, Axel Michaelowa
11. Joint Implementation: The mechanism of the future, Jelmer Hoogzaad, Charlotte Streck
12. Carbon contracting, Martijn Wilder, Louisa Fitz-Gerald
13. The Practicalities of Contracting JI Transactions, Anthony Hobley, Carly Roberts, Jamie Munro
14. The Secondary Market for Emissions Trading: Balancing market design and market based transaction norms, Andrew Hedges
15. Responsibility for the Environmental Integrity of the CDM: Judicial Review of Executive Board Decisions, Christina Voigt
16. Dispute Resolution and Compliance Mechanisms, Dane Ratliff, hester Brown, Audley Shepard
IV. Carbon Trading outside Kyoto: Regional Schemes
17. European Union Emissions Trading Scheme, Markus Pohlman
18. Legal implications of the allocation mechanism (competition, state aid, accounting), Michael Rodi
19. Litigation against EU ETS, Navraj Ghaleigh
V. Carbon Trading outside Kyoto: National and Sub-National Schemes
20. Carbon Trading Outside Kyoto: National and Sub-National Schemes Emissions Trading in the US: Legal Issues, K. Russell LaMotte, David M. Williamson, Lauren A. Hopkins
21. Off-set provisions in emerging US climate legislation, Kyle Danish Van Ness
22. Carbon Markets and Policy in Australia: Recent Developments, Martijn Wilder, Louisa Fitz-Gerald
23. Canada's Experience in Emissions Trading and Related Legal Issues, Gray Taylor, Michael Bennett
24. Carbon law and practice in China, Christopher Tung
VI. Voluntary Markets
25. The Voluntary Carbon Market: Its Growth and Outstanding Legal and Policy Issues, Michelle Passero
VII. Post Kyoto: Moving towards Copenhagen
26. Bali Road Map and Copenhagen agenda, Murray Ward
27. How carbon finance can stimulate innovation, Jos Cozijnsen, Michael Coren
28. The Future of the CDM in a Post-2012 Climate Agreement, Christiana Figueres, Charlotte Streck
29. Making REDD and Rainforest Protection Work, Bob O'Sullivan, Rick Saines
30. Aviation and Climate Change Regulation, Thiago Chagas, Clayfox Clarke
VIII. Summary and Outlook
31. Summary and Outlook, David Freestone, Charlotte Streck

 

Keywords
Carbon Trading, Emissions Trading, Emission, Legal Aspects, Copenhagen, Europe