Grantham Workshop | Benchmarks for Emissions Trading \u2013 General Principles for Emissions Scope - Misato Sato - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/grantham-workshop-misato-sato\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grantham Workshop | Benchmarks for Emissions Trading \u2013 General Principles for Emissions Scope - Misato Sato - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"Abstract Greenhouse gas emission benchmarks are widely implemented as a policy tool, as more countries move to implement carbon pricing...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/grantham-workshop-misato-sato\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2018-01-22T15:20:39+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/events\\\/grantham-workshop-misato-sato\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/events\\\/grantham-workshop-misato-sato\\\/\",\"name\":\"Grantham Workshop | Benchmarks for Emissions Trading \u2013 General Principles for Emissions Scope - 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{"id":28958,"date":"2017-12-08T13:06:12","date_gmt":"2017-12-08T13:06:12","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=event&p=28958"},"modified":"2018-01-22T15:20:39","modified_gmt":"2018-01-22T15:20:39","slug":"grantham-workshop-misato-sato","status":"publish","type":"event","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/grantham-workshop-misato-sato\/","title":{"rendered":"Grantham Workshop | Benchmarks for Emissions Trading \u2013 General Principles for Emissions Scope – Misato Sato"},"content":{"rendered":"\n

Abstract<\/h2>\n
Greenhouse gas emission benchmarks are widely implemented as a policy tool, as more countries move to implement carbon pricing mechanisms for industrial emissions. In particular, benchmarks are used to determine the level of free allowance allocation in emission trading schemes, which are distributed as a measure to prevent carbon leakage. This paper analyses how benchmark designs impact firms’ production and business model decisions, particularly focusing on the coverage of direct and indirect emissions in the benchmark scope. We develop an analytical model and use the exam- ple of a steel mill to analyze and quantify how scope of indirect emissions coverage affect incentives. We seek to clarify generalized principles for efficient benchmark design, that provide a predictable policy framework for innovation and investment to decarbonize energy intensive industry.<\/p>\n
<\/p>\n\n","protected":false},"excerpt":{"rendered":"\n
Abstract Greenhouse gas emission benchmarks are widely implemented as a policy tool, as more countries move to implement carbon pricing…<\/p>\n\n","protected":false},"author":12,"featured_media":0,"template":"","tags":[],"event-type":[37],"topic_area":[],"class_list":["post-28958","event","type-event","status-publish","hentry","event-type-grantham-workshop"],"acf":{"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"start_date":{"ref_value":"field_52f56b18a98ba","value":"20180124","type":false,"post_type":""},"start_time":{"ref_value":"field_52f56b33a98bb","value":"12:30:00","type":false,"post_type":""},"end_date":{"ref_value":"field_52f56bb58f239","value":"20180124","type":false,"post_type":""},"end_time":{"ref_value":"field_52f56bd38f23a","value":"14:30:00","type":false,"post_type":""},"event_venue":{"ref_value":"field_531c65c575d35","value":"LSE, TW2, Room 9.04, Clement's Inn London WC2A 2AZ","type":false,"post_type":""},"external_speaker":{"ref_value":"field_5374dcb208782","value":"","type":false,"post_type":""},"eventbrite_link":{"ref_value":"field_52f59e0b20728","value":"","type":false,"post_type":""},"location":{"ref_value":"field_559cf9dc612b6","value":"","type":false,"post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["misato-sato"],"type":"relationship","post_type":"profile"},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"\nGrantham Workshop | Benchmarks for Emissions Trading \u2013 General Principles for Emissions Scope - Misato Sato - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/grantham-workshop-misato-sato\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grantham Workshop | Benchmarks for Emissions Trading \u2013 General Principles for Emissions Scope - Misato Sato - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"Abstract Greenhouse gas emission benchmarks are widely implemented as a policy tool, as more countries move to implement carbon pricing...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/grantham-workshop-misato-sato\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2018-01-22T15:20:39+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/events\\\/grantham-workshop-misato-sato\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/events\\\/grantham-workshop-misato-sato\\\/\",\"name\":\"Grantham Workshop | Benchmarks for Emissions Trading \u2013 General Principles for Emissions Scope - 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