International carbon trade with constrained allowance choices: Results from the STACO model

How to Boost Countries’ Climate Ambitions: Turning Gains from Emissions Trading into Gains for Climate

“…Other authors analyzed the strategic allowance allocation between countries subject to an exogenous constraint, which imposes a limit on global aggregate emissions (e.g., Bahn & Haurie, 2008;Haurie et al, 2006;Morgan & Prieur, 2013). Yu et al (2017) also analyzed a strategic carbon market with an exogenous constraint on regional allowances specified as a certain percentage of business-as-usual emissions. By contrast, we derive the constraint on countries' allowance choices from the current status of climate negotiations.…”

Promoting Cross-Regional Integration of Maritime Emission Management: A Euro-American Linkage of Carbon Markets

“…The extent literature has discussed the mechanisms and performance of maritime participation in the ETSs, including fleet composition optimization, mechanism comparison and analysis, − carbon leakage, , and cost impact. , However, detailed maritime-ETS investigation is lacking across multiple ETS jurisdictions, and equities in managing maritime transport emissions on a cross-regional scale are unclear; thus, vessel charterers could raise sovereignty issues if their emissions are fully credited to a single carbon market . Additional studies have explored the possibility of full linkages between and among ETSs. − However, regional economics, natural resources, and political disparities pose challenges for complete and open cap-and-trade across ETSs. A direct link to the carbon market (full interoperability of carbon allowances) would raise concerns about carbon price volatility; , thus, to address the current controversies in international transportation abatement, a limited joint mechanism for existing ETSs must be determined while partitioning the scope of cross-regional emissions.…”