Abstract
Reducing greenhouse gas emissions will require a strategy that combines various policy initiatives and economic instruments. Next to traditional instruments like taxes on energy or the reduction of subsidies to energy-related sectors, some relatively new instruments have been launched at various international negotiations. Systems of tradable permits for greenhouse gases (GHG), Joint Implementation (JI) and the Clean Development Mechanism (CDM) are currently being considered or are already in an experimental phase. Inspired by the potential role of international emission trading, new instruments with a national scope followed. In late 1998, the Credit for Early Voluntary Action Act of 1998 was submitted to US Congress (EDF, 1998). The Early Credit was part of President Clinton’s Climate Change Proposal of October 1997 and can provide emission reduction credits for early voluntary action (pre-2008) to US industries that reduce greenhouse gas emissions.
Funded by the OSTC (Belgian Federal Office for Scientific, Technological and Cultural Affairs, Programme on Sustainable Development). The views presented are those of the author. I want to thank Bart Ameels, Niko Gobbin, Freddy Heylen and Tom Verbeke for their helpful comments. Remaining errors are mine.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Albrecht, J. (1998). Environmental consumer subsidies and potential reductions of CO2 emissions. Working Paper Nr. 98/59 Universiteit Gent, Faculteit Economie en Bedrijfskunde.
Bohm, P. (1998). Benefits of international carbon emissions trading: theory and experimental evidence. Stockholm University, Department of Economics, mimeo.
Bürgenmeier, Beat, Harayama, Yuko and Wallart, Nicolas (1997). Théorie et pratique des taxes environnementales. Economica, Paris.
Cobb, Clifford (1999). The roads aren’t free. Challenge. 42(3), 63–83.
Electrabel (1999). CO2-Project Electrabel en SPE. Vergadering Synthese en Communicatie. 18 January 1999. Electrabel, Brussels.
Environmental Defense Fund (1998). Credit for voluntary early action act. Submitted to Congress. (<http://www.edf.org/issues/newbill.html>, visited 19/11/1998).
European Commission (1997a). Tax provisions with a potential impact on environmental protecÂtion. Office for Official Publications of the European Communities, Luxembourg.
European Commission (1997b). Climate Change COM (97) 481. European Commission, Brussels.
European Commission (1998a). Domestic tradable quotas as an instrument to reduce carbon dioxide emissions. Proceedings of the domestic tradable quotas workshop. Brussels. 1–2 July 1998.
European Commission (1998b). Press Release, ip/98/234.
Febiac (1999). Boekjaar 1998. Verslag ter gelegenheid van de Algemene Vergadering van 23 juni 1999. Febiac. Brussels.
Hinrichs, D. (1998). Green cars: start your engines. Enviroworld. February 1998. (<http://enviroworld.com/February98/031298.HTML>), visited 20/6/98).
Leslie, J. (1997). Dawn of the hydrogen age. Wired October 5, 1997.
Lovins A., Brylawski, M., Cramer, D. and Moore, T. (1996). Hypercars: materials, manufacturing and policy implications. The Hypercar Center, Rocky Mountain Institute, Colorado.
Mullins, F. and Baron, R. (1997). International GHG emission trading. Annex I expert group on the UNFCCC. Policies and Measures for Common Action Working Paper 9.
Nylin, S. (1991). Emission regulations today and tomorrow. In: SCANIA (1991). The diesel engine and the environment.
Public Citizen (1990). Driving up the heat: a buyer’s guide to automobiles, fuel efficiency and global warming. Washington DC: Public Citizen.
Rocky Mountains Institute (1998). A typical 1995 U.S. family car. (<http://www.rmi.org>).
Samuelsson, H. (1998). Scania launches low-emission engines for city environments. Scania press release, 1 September 1998. <http://www.scania.com/news/archive/>.
SCANIA (1998). Efficiency of diesel engines. Slides provided by SCANIA Training Belgium.
Unipede-Eurelectric (1999). Simulation exercise for trading in electricity and CO2 emissions permits: the players draw conclusions. Press Release 20/10/99 (available at <http://www.eurelectric.org>).
Volvo (1998a). Environmental data for Volvo production plants, 1997.
Volvo (1998b). Environmental report 1997.
Von Weizsäcker, E., Lovins, A. and Lovins L. (1997). Factor four. Doubling wealth — halving resource use. The new report to the Club of Rome. London: Earthscan Publication Ltd.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2000 Springer Science+Business Media New York or Springer Science+Business Media Dordrecht
About this chapter
Cite this chapter
Albrecht, J. (2000). Making CO2 Emission Trading More Effective: Integrating Cross-Sectoral Energy Efficiency Opportunities. In: Carraro, C. (eds) Efficiency and Equity of Climate Change Policy. Fondazione Eni Enrico Mattei (FEEM) Series on Economics, Energy and Environment, vol 15. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-9484-4_7
Download citation
DOI: https://doi.org/10.1007/978-94-015-9484-4_7
Publisher Name: Springer, Dordrecht
Print ISBN: 978-90-481-5439-5
Online ISBN: 978-94-015-9484-4
eBook Packages: Springer Book Archive