This report features articles from policymakers around the world that provide insights into the approaches to Emissions Trading System/Scheme design currently being implemented.
The Paris Agreement establishes provisions for using international carbon market mechanisms to achieve climate mitigation contributions. Environmental integrity is a key principle for using such mechanisms under the Agreement. This paper systematically identifies and categorizes issues and options to achieve environmental integrity, including how it...
In September 2018, the International Carbon Action Partnership (ICAP) launched this guide, which consolidates the experiences from ICAP Members that have considered or operate a linked market alongside insights from the literature. It provides policymakers with step-by-step guidance throughout the whole process of linking.
The government is proposing improvements to the New Zealand Emissions Trading Scheme (NZ ETS) and is seeking feedback. This consultation document sets out proposals primarily focused on improving the framework of the NZ ETS so that it is a credible and well-functioning scheme that helps...
The government wants to simplify the way the ETS works for forestry participants, increase afforestation and enable more flexibility in the scheme rules to support the right trees being planted, in the right place, for the right purpose. There are opportunities to improve the ETS...
On behalf of the Minister of Forestry and the Minister for Climate Change, the Ministry for Primary Industries (MPI) is consulting on a set of twelve improvements to forestry regulations in the New Zealand Emissions Trading Scheme (NZETS).
This article analyses the implementation of emissions trading systems (ETSs) in eight jurisdictions: the EU, Switzerland, the Regional Greenhouse Gas Initiative (RGGI) and California in the US, Québec in Canada, New Zealand, the Republic of Korea and pilot schemes in China. The article clarifies what...
An emissions trading system (ETS) is a market-based mechanism that is applied to achieve emissions targets at least cost. By fixing a quantity of emissions (the cap), requiring that companies surrender one allowance for each unit of emissions generated and making the allowance tradable, a...
Emissions trading systems (ETSs) as a cost-effective instrument for emissions control in the power sector are now being implemented or considered across a diverse set of jurisdictions. However, regulation in the power sector may impede or alter the functioning of an ETS. In this paper,...
Emissions trading around the world has once again taken a major step forward: The new International Carbon Action Partnership Status Report 2018 presents latest Emission Trading System/Scheme developments.
This report outlines stakeholders’ views on how the Emissions Reduction Fund (ERF) is performing and whether improvements should be made to its operation, administration, design and governance.
The National Carbon Offset Standard (NCOS) for Organisations has been designed to accommodate a wide variety of organisations with operations in Australia, regardless of scale and type. From large-scale organisations with thousands of employees to local businesses, the NCOS for Organisations can be used as...
This paper describes the policy changes to the New Zealand emissions trading scheme (ETS) since 2008 that directly affect forestry; assesses the effectiveness of the scheme; explores who is benefiting from it; and outlines issues facing forestry in the ETS moving forward.
This document outlines a plan to maintain security and reliability in the National Electricity Market (NEM) in light of the significant transition underway, including due to rapid technological change.
This document outlines an integrated proposal for managing unit supply and prices in the ETS. Its objective is to generate a more predictable long-term emission price signal to guide efficient domestic de-carbonisation and cost-effectively manage New Zealand’s overall contribution to global emission reductions.
OECD Environmental Performance Reviews provide independent assessments of countries’ progress towards their environmental policy objectives.
Reviews promote peer learning, enhance government accountability, and provide targeted recommendations aimed at improving environmental performance, individually and collectively. They are supported by a broad range of economic and...
In 2015, the Australian Commonwealth Government committed to reducing Australia’s carbon dioxide equivalent (CO2e) emissions by 26 to 28 per cent below 2005 levels by 2030. As the electricity sector accounts for around one-third of Australia’s emissions, efforts to reduce economy-wide emissions efficiently will inevitably...
In December last year, the world negotiated and adopted the historic Paris Agreement on climate change. For the first time, all countries – rich and poor, large and small – agreed to take universal action to limit global warming to 1.5-2°C, to achieve net zero...
Australia has flagged its intention to ratify the Paris Agreement, which aims to keep global warming to no more than 2 degrees Celsius above pre-industrial levels and pursue efforts to stay below 1.5 degrees Celsius. To have any chance of achieving such targets, we need...