The authors of this paper identify three risks associated with using carbon markets as the sole, or main, policy lever to encourage the deployment of greenhouse gas removal (GGR) techniques. Read more
carbon markets
A new report from Energy Systems Catapult and the Grantham Research Institute on Climate Change and the Environment has found that while the UK Emissions Trading Scheme (ETS) could provide the backbone of an enduring economy-wide framework for reaching net zero, expanding it too early to sectors not yet covered risks undermining the scheme. Read more
Building on the outcomes of COP26 will be critical to achieving a sustainable financial system, say Nick Robins and Danae Kyriakopoulou, as they highlight 10 areas of opportunity to be seized this year. Read more
This article discusses whether the use by companies of voluntary carbon markets to meet short-term decarbonisation targets is another form of greenwashing. The article includes quotes from Rob Macquarie. Read more
Welcoming the announcement today by the UK Chancellor of the new UK working group on voluntary carbon markets, led by... Read more
We formally study the flexibility of emissions permits and propose a unified framework to rationalise the impact of both investment/divestment lags and irreversibility in relation to the price of emissions permits. Read more
Josh Burke examines the costs, opportunities, advantages and disadvantages of different carbon capture and negative emissions technologies. Read more
We formally study the determinants, magnitude and distribution of efficiency gains generated in multilateral linkages between permit markets. We provide... Read more
This paper develops a novel theoretical tool with which a jurisdiction can evaluate the economic gains it can expect to obtain by linking its emissions trading system (ETS) to one, two or many ETSs at the same time, and proposes a reason why the global market remains a distant dream. Read more
Upon completion, China’s national emissions trading scheme (C-ETS) will be the largest carbon market in the world. Recent research has... Read more