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The size of the carbon market study: discussion

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  • Zhang, ZhongXiang

Abstract

This is an invited discussion on the Morozova and Stuart’s paper “The Size of the Carbon Market Study”. It suggests a number of issues for consideration in appropriately estimating the size of carbon markets. They include Annex 1 (industrialised) countries’ baseline emissions; qualitative and quantitative assessments of the role of carbon sinks; and the difficulty from an economic and legal perspective of interpreting and inferring impacts in relation to specific provisions attached to each flexibility mechanism for regulating the extent of their use.

Suggested Citation

  • Zhang, ZhongXiang, 2000. "The size of the carbon market study: discussion," MPRA Paper 14507, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:14507
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    File URL: https://mpra.ub.uni-muenchen.de/14507/1/MPRA_paper_14507.pdf
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    References listed on IDEAS

    as
    1. ZhongXiang Zhang, 2000. "Estimating the size of the potential market for the Kyoto flexibility mechanisms," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 136(3), pages 491-521, September.
    2. ZhongXiang Zhang, 1998. "The Economics of Energy Policy in China," Books, Edward Elgar Publishing, number 1291.
    3. Zhang, ZhongXiang, 2001. "An assessment of the EU proposal for ceilings on the use of Kyoto flexibility mechanisms," Ecological Economics, Elsevier, vol. 37(1), pages 53-69, April.
    4. Zhang, ZhongXiang, 1999. "Estimating the size of the potential market for all three flexibility mechanisms under the Kyoto Protocol," MPRA Paper 13088, University Library of Munich, Germany.
    5. repec:dgr:rugccs:199920 is not listed on IDEAS
    6. Zhang, ZhongXiang, 2002. "The economic effects of an alternative EU emissions policy," Journal of Policy Modeling, Elsevier, vol. 24(7-8), pages 667-677, November.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Zhang, Zhong Xiang, 2001. "Why has the energy intensity fallen in China's industrial sector in the 1990s?: the relative importance of structural change and intensity change," CDS Research Reports 200111, University of Groningen, Centre for Development Studies (CDS).

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    More about this item

    Keywords

    Emissions trading; Clean development mechanism; Joint implementation; Carbon market; Greenhouse gases; European Union; Supplementarity restrictions;
    All these keywords.

    JEL classification:

    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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