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Flexibility is the Key

In: How I Saw It Analysis and Commentary on Environmental Finance (1999–2005)

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  • Richard L. Sandor

Abstract

Two distinct, yet closely related, stories made headlines in the early part of May. In one, the UK government announced the results of the first year of its voluntary emissions trading program. Meanwhile, a report from the European Environment Agency (EEA) revealed that emissions of greenhouse gases (GHGs) in the European Union (EU) are on the rise for the second consecutive year. The underlying message of these two, apparently, distinct stories can shed some light on the importance of encouraging flexibility in the design of emissions trading programs…

Suggested Citation

  • Richard L. Sandor, 2017. "Flexibility is the Key," World Scientific Book Chapters, in: How I Saw It Analysis and Commentary on Environmental Finance (1999–2005), chapter 39, pages 161-165, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813202658_0039
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    Keywords

    Environment; Emissions; Trading; Finance; Derivatives; Water; Energy; Carbon; Catastrophe; Weather; Sustainability; Fisheries; Greenhouse Gases; Sulfur Dioxide; Acid Rain;
    All these keywords.

    JEL classification:

    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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