By Karsten Neuhoff
On the UN weather Negotiations in Copenhagen, 117 heads of country concluded that low-carbon improvement is critical to be able to strive against weather switch. even if, they can now not agree on emission goals. at the least one of many the reason why they can no longer agree is that low-carbon improvement is difficult since it calls for the implementation of a portfolio of regulations and courses. This publication examines one the regulations on the center of makes an attempt to create a low-carbon destiny: the ecu Emission buying and selling Scheme. It explores difficulties surrounding the implementation of such schemes, together with the position of vested pursuits, the influence of sophisticated layout info, and possibilities to draw long term investments. It additionally indicates how overseas weather cooperation should be designed to help the household implementation of regulations for low-carbon improvement. This well timed research of carbon pricing comprises very important classes for all these inquisitive about the improvement of post-Copenhagen weather coverage.
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Extra info for Climate Policy after Copenhagen: The Role of Carbon Pricing
26 * Climate policy mix We refer to the consecutive production steps as the value chain, and will illustrate the substitution opportunities using the example of clinker, the main component of cement. Clinker is produced by heating limestone, which undergoes a chemical transformation, releasing carbon. Although carbon emissions can be reduced by using renewable energy sources for heating, the majority of the emissions are due to the chemical transformation and cannot be avoided. After milling, clinker is mixed with other substances to make cement.
Designing one NAMA for each transition in a sector or activity allows for their independent design and implementation, thus reducing overall complexity and creating early experiences and success stories. In response to the Copenhagen Accord, countries have submitted NAMAs to the UNFCCC secretariat. * Developed countries have committed to providing new and additional resources approaching $30 billion in the period 2010–2012 to support mitigation and adaptation measures in developing countries. In the context of meaningful mitigation actions and transparency on implementation, developed countries commit to a goal of jointly mobilising $100 billion a year by 2020 to address the needs of developing countries (UNFCCC 2009a).
Close international co-operation will therefore be essential to ensure that any response to leakage protects the environmental effectiveness of carbon pricing. The sector-speciﬁc analysis of leakage concerns leads to the conclusion that it is possible for countries to pursue ambitious emissions targets and make use of the full carbon price as part of their policy mix. Thus, leading by example, they can help to accelerate technology development and diffusion, and contribute to international experience of low-carbon policy frameworks.