International Emissions Trading

E449679

International Emissions Trading is a market-based climate policy mechanism that allows countries or entities with surplus greenhouse gas emission allowances to sell them to those exceeding their emission limits, thereby promoting cost-effective global emissions reductions.

All labels observed (5)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf carbon market mechanism ⓘ
environmental policy instrument ⓘ
market-based climate policy mechanism ⓘ
aimsTo equalize marginal abatement costs across participants ⓘ
minimize overall cost of meeting emission reduction targets ⓘ
allows countries exceeding their emission limits to buy allowances ⓘ
countries with surplus emission allowances to sell them ⓘ
associatedWith Article 17 of the Kyoto Protocol ⓘ
canInclude linking of national or regional emissions trading systems ⓘ
canLeadTo carbon leakage concerns if poorly designed ⓘ
complements Clean Development Mechanism ⓘ
Joint Implementation ⓘ
contrastedWith carbon taxes ⓘ
command-and-control regulation ⓘ
covers carbon dioxide ⓘ
fluorinated gases ⓘ
methane ⓘ
nitrous oxide ⓘ
creates price signal for emissions reductions ⓘ
criticizedFor complexity of rules ⓘ
market volatility ⓘ
potential overallocation of allowances ⓘ
dependsOn credible enforcement of emission limits ⓘ
robust emissions accounting rules ⓘ
encourages emissions abatement where it is cheapest ⓘ
evolvedUnder United Nations Framework Convention on Climate Change ⓘ
governedBy international climate agreements ⓘ
hasBasisIn cap-and-trade principle ⓘ
hasPurpose promote cost-effective global greenhouse gas emissions reductions ⓘ
implementedUnder Kyoto Protocol ⓘ
influenced European Union Emissions Trading System ⓘ
design of regional emissions trading systems ⓘ
involves countries ⓘ
regulated entities ⓘ
trading of greenhouse gas emission allowances ⓘ
isComponentOf Kyoto flexible mechanisms ⓘ
international carbon market ⓘ
operatesAt international level ⓘ
relatesTo carbon pricing ⓘ
climate change mitigation ⓘ
greenhouse gas emissions ⓘ
requires international cooperation ⓘ
monitoring reporting and verification of emissions ⓘ
national emissions caps ⓘ
national registries for emission units ⓘ
subjectTo negotiation in international climate talks ⓘ
usesUnit AAUs ⓘ
Assigned Amount Units ⓘ

How these facts were elicited

Referenced by (6)

Full triples — surface form annotated when it differs from this entity's canonical label.

Kyoto Protocol → establishesMechanism → International Emissions Trading ⓘ
Assigned Amount Unit → usedInMechanism → Kyoto Protocol cap-and-trade system ⓘ
linked to: International Emissions Trading
Clean Development Mechanism → relatedTo → International Emissions Trading ⓘ
Annex B of the Kyoto Protocol → associatedWithMechanism → Kyoto flexibility mechanisms ⓘ
linked to: International Emissions Trading
Meeting of the Parties to the Kyoto Protocol → overseesMechanism → International Emissions Trading under the Kyoto Protocol ⓘ
linked to: International Emissions Trading
California Air Resources Board → implements → Cap-and-Trade Program for greenhouse gases ⓘ
subject linked to: CARB
linked to: International Emissions Trading