EmissionsPublic interestPrivate interestPurpose – Following the Australian Government's Garnaut Climate Change Review (CCR), the implementation of a joint business and climate change agenda is weighing heavily on the minds of those executives whose firms fit within the Emissions-Intensive Trade-Exposed ...
a- Emissions permits are not equally distributed amongst all industries and sectors. It is based on a company’s ‘trade exposure’ or vulnerability to international competition. Governments offer discounted permits to emissions-intensive, trade exposed industries (EITEs). - 放射许可证没有在所有产业...
so that the emissions intensity cap will fall each year. The imposed reduction will be lower than 4.9% but no less than 2% per year for emissions-intensive trade-exposed (EITE) facilities to avoid carbon leakage.
Historically, markets have tended to progress in the direction of benchmarking alongside greater use of auctioning, with free allocation largely reserved for emissions-intensive trade-exposed (EITE) industries that are considered most at risk of carbon leakage. Well-designed benchmarks approximate ...
The European Union (EU), the US and Australia have each adopted, or are considering, free allocations to emissions-intensive, trade-exposed industries (EITEIs) in order to minimize emissions leakage and industrial offshoring resulting from climate policy. Differences in the design of these schemes,...
Trade-exposed emissions-intensive industries (TEEIIs): Until our major competitors have broadly similar emissions constraints, payments to TEEIIs are justified for reasons of environmental and economic efficiency. Payments should be calibrated in a timely and precise way to the effects on the value of...
44 ← CONTENT CARBON LEAKAGE RULES: A compensation mechanism to avoid carbon leakage for emissions-intensive trade exposed sectors will come into effect as early as 1 January 2021. Respective regulations will be released by mid-2021 and will have retroactive effect. The carbon leakage rules will ...
We formalize this fundamental economic logic and apply it toanalyzing compensation rules proposed under the EU Emissions Trading Scheme, where emissionpermits are allocated free of charge to carbon intensive and trade exposed industries. We show thatthis practice results in substantial overcompensation for...
investment funds and other non-financial sector firms also trade options to a larger extent; an increase in the relative share of options in total notional volumes traded in late 2021 is a development that warrants monitoring – as do trends in the less transparent OTC market segment. ...
(78.2) Emissions-intensive & trade-exposed Industries (76.5) transport (171.3) GHG Reduction Targets By 2020: 17% below 2005 levels BY 2030: 30% below 2005 levels 39 Québec Cap-and-Trade System emissions coverage (Mtco2e, 2017) 61.1 Gas coverage allocation in force ** * Sectors represent...