Proposing a Global Emissions Trading Scheme: The Inclusion of Aviation and Shipping
OUTREACH, Stakeholderforum, 2013
3 Pages Posted: 18 Jun 2019
Date Written: 2013
There are difficulties when it comes to developing a single global carbon market with comprehensive coverage of economic sectors and countries. A promising intermediary step between the creation of a global carbon market with comprehensive coverage of economic sectors and countries and the current situation, therefore, could be a sectoral approach to emissions trading. Unilateral, bilateral, plurilateral, or regional arrangements could target greenhouse gas (GHG) emissions reductions in specific sectors such as electricity generation, motor vehicles, aviation, shipping, cement and aluminium, always aiming for greener or more efficient technology, as opposed to simply applying bans or restrictions. Such measures will require across-the-board cooperation.
Keywords: Global Emissions Trading Scheme; Aviation; Shipping
JEL Classification: K33
Suggested Citation: Suggested Citation