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Linkages among Emission Trading Schemes and with offset projects - EP0209

The project aims at addressing the legal options and institutional requirements for direct and indirect linking. There are several legal options by which direct linking could be established:

- by a binding international treaty, as envisaged by Article 25(1) of the EU-ETS directive,

- by a political commitment to adopt domestic legislation that provides for linking, achieved through reciprocal legislation on the recognition of allowances from the participating jurisdictions,

- by contractual arrangements between private market actors based on private law, for instance to leverage arbitration opportunities.
Time-Scale and Cost
From: 2008

To: 2008

Cost: £25,000
Contractor / Funded Organisations
Climate Strategies
Agriculture and Climate Change              
Climate Change              
Economic Research