‘Prospects for a transatlantic carbon market: what next after the US midterm elections?’

Document(s)
1. cs_transatlantic_carbon_market_final.pdf

Author Michael Mehling, Andreas Tuerk and Wolfgang Sterk
Type Working
Date 14 Apr 2011
Description

This paper considers key conditions and obstacles to future carbon trading across the Atlantic, including:

  • Is the only carbon trading system currently operating in the US – the Regional Greenhouse Gas Initiative (RGGI) –attractive enough to warrant a link to the EU ETS?
  • Will the Western Climate Initiative (WCI) or some of its participating jurisdictions, including California, become viable linking partners in coming years?
  •  Is it likely that the Environmental Protection Agency (EPA) might implement some form of market-based instrument as it regulates greenhouse gas emissions?
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